World - Cotton Lint - Market Analysis, Forecast, Size, Trends and Insights
Cotton Prices to Pick Up 5% in 2022 on Rising Demand and Limited Crops in India and U.S.
IndexBox has just published a new report: 'World - Cotton Lint - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.
In 2022, cotton prices are expected to gain 5% y/y, as last year's ending stocks are rapidly reduced amid strong global demand outpacing available supply. Last year, the average cotton price soared by 41% y/y to $2.23 per kg.
In 2021, the average cotton price surged by 41% y/y to $2.23 per kg. Despite the global cotton production rebounded after a 2020's drop last year, reaching the pre-pandemic level of 26.3M tons, growing demand outstrips supply.
In H1 2022, cotton prices are projected to increase, as global production at the beginning of the year is lower than in the previous months due to smaller crops in India and the U.S. This year, the average annual cotton price is expected to pick up 5% y/y to approx. to $2.34 per kg. Instigated by boosting demand and high domestic cotton prices, China is forecast to ramp up imports sharply, also stimulating the price rally.
Global Cotton Lint Exports by Country
In 2020, the amount of cotton lint exported worldwide was estimated at 9.4M tons, picking up by 5% compared with the previous year's figure. In value terms, supplies contracted to $14.6B (IndexBox estimates).
The U.S. (3.8M tons) represented the major exporter of cotton lint, mixing up 41% of total exports. Brazil (2.1M tons) held the second position in the ranking, distantly followed by India (960K tons). All these countries together held near 33% share of total supplies. Greece (289K tons), Benin (280K tons), Nigeria (212K tons), Australia (170K tons) and Burkina Faso (167K tons) followed a long way behind the leaders.
In 2020, the most notable rate of growth in terms of shipments amongst the key exporting countries was attained by India (+55.9% per year), while exports for the other global leaders experienced more modest paces of growth.
In value terms, the U.S. ($6B), Brazil ($3.2B) and India ($1.4B) appeared to be the countries with the highest levels of exports in 2020, with a combined 73% share of global supplies.
This report provides an in-depth analysis of the global cotton lint market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Importers on The Market and How They Succeed
The Largest Exporters on The Market and How They Succeed
The Largest Producers on The Market and Their Profiles
The Largest Markets And Their Profiles
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