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World - Cotton Yarn - Market Analysis, Forecast, Size, Trends And Insights
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Article Publishing Date: Dec 29, 2020

Global Cotton Yarn Market Slipped Back Slightly to $77B

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IndexBox has just published a new report: 'World - Cotton Yarn - Market Analysis, Forecast, Size, Trends And Insights'. Here is a summary of the report's key findings.

After two years of growth, the global cotton yarn market decreased by -2.8% to $77.2B in 2019. Overall, consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the market value increased by 18% y-o-y. Global consumption peaked at $81B in 2013; however, from 2014 to 2019, consumption remained at a lower figure.

Consumption by Country

The countries with the highest volumes of cotton yarn consumption in 2019 were China (8.1M tonnes), India (4.3M tonnes), and Pakistan (3.2M tonnes), together comprising 74% of global consumption.

From 2013 to 2019, the biggest increases were in India, while cotton yarn consumption for the other global leaders experienced more modest paces of growth.

In value terms, China ($38.9B) led the market, alone. The second position in the ranking was occupied by India ($12.8B). It was followed by Pakistan.

The countries with the highest levels of cotton yarn per capita consumption in 2019 were Pakistan (16 kg per person), Turkey (16 kg per person) and South Korea (7.55 kg per person).

China remains the global leader in terms of cotton yarn production and consumption. The Chinese textile industry has experienced a rapid transformation over the last two decades. Thus, there was a boom in the synthetic yarn industry in China since the late 1990-s, while cotton yarn output remained relatively stable. This was driven by the strong development of the construction sector in China, particularly, infrastructure and urban construction, amid the strong growth of the economy and rapid urbanization. Rising construction required lots of non-woven synthetic fabrics used as geotextiles and as a component for the production of composite materials. Another impact comes from the increased availability of synthetic fibers due to the rising oil consumption, with the raw materials for fibers constituting a by-product of petroleum distillation.

Given those factors,  the production of synthetic fiber apparel also grew. By contrast, cotton yarn output remained relatively stable because it is used only for human apparel, and it was pressured by the rising supply of synthetic fibers. This led to the fact that the share of cotton yarn in terms of the total yarn output in China contracted from near 50% in 2000 to near 22% in 2019. This, however, constitutes a tangible figure of 6.4M tonnes.

With this figure, China heads global cotton yarn production. Other countries with the highest volumes of cotton yarn production in 2019 include India (5.3M tonnes) and Pakistan (3.7M tonnes); together with China, these three countries comprise a combined 72% share of global production. Turkey, Viet Nam, the U.S. and Brazil lagged somewhat behind, together comprising a further 16% (IndexBox estimates).

From 2013 to 2019, the most notable rate of growth in terms of cotton yarn production, amongst the leading producing countries, was attained by Viet Nam (+24.2%), while cotton yarn production for the other global leaders experienced more modest paces of growth.

Imports

In 2019, approx. 4.5M tonnes of cotton yarn were imported worldwide; which is down by -3.1% compared with the year before. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 8.6% year-to-year. As a result, imports attained a peak of 4.8M tonnes. From 2016 to 2019, the growth of global imports remained at a somewhat lower figure. In value terms, cotton yarn imports dropped to $13.7B (IndexBox estimates) in 2019. 

China was the key importer of cotton yarn in the world, with the volume of imports resulting at 2M tonnes, which was near 45% of total imports in 2019. Bangladesh (248K tonnes) held a 5.5% share (based on tonnes) of total imports, which put it in second place, followed by Honduras (5.3%) and Turkey (4.7%). Russia (171K tonnes), South Korea (142K tonnes), Portugal (106K tonnes), the Dominican Republic (106K tonnes), Hong Kong SAR (103K tonnes), Viet Nam (93K tonnes) and Egypt (92K tonnes) held a relatively small share of total imports.

China experienced a relatively flat trend pattern with regard to the volume of imports of cotton yarn. At the same time, the Dominican Republic (+13.7%), Viet Nam (+13.1%), Turkey (+8.4%), Russia (+5.8%), Egypt (+4.0%), Bangladesh (+3.9%), Portugal (+2.0%) and Honduras (+1.8%) displayed positive paces of growth. Moreover, the Dominican Republic emerged as the fastest-growing importer imported in the world, with a CAGR of +13.7% from 2013-2019. By contrast, South Korea (-2.8%) and Hong Kong SAR (-20.0%) illustrated a downward trend over the same period. 

In value terms, China ($5.6B) constitutes the largest market for imported cotton yarn worldwide, comprising 41% of global imports. The second position in the ranking was occupied by Bangladesh ($772M), with a 5.6% share of global imports. It was followed by Honduras, with a 5.4% share.

From 2013 to 2019, the average annual rate of growth in terms of value in China amounted to -1.3%. In the other countries, the average annual rates were as follows: Bangladesh (-1.6% per year) and Honduras (+3.0% per year).

Import Prices by Country

The average cotton yarn import price stood at $3,064 per tonne in 2019, with a decrease of -5.4% against the previous year. Over the period under review, the import price showed a perceptible setback. The most prominent rate of growth was recorded in 2017 when the average import price increased by 4.1% y-o-y. Over the period under review, average import prices hit record highs at $3,660 per tonne in 2013; however, from 2014 to 2019, import prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Hong Kong SAR ($4,190 per tonne), while Russia ($1,901 per tonne) was amongst the lowest.

From 2013 to 2019, the most notable rate of growth in terms of prices was attained by Honduras, while the other global leaders experienced a decline in the import price figures.

Source: IndexBox AI Platform

Product coverage:
• Prodcom 13106160 - Cotton yarn, p.r.s. (excluding sewing thread)
• Prodcom 131061Z1 - Cotton yarn of uncombed fibres, n.p.r.s.
• Prodcom 131061Z2 - Cotton yarn of combed fibres, n.p.r.s.

This report provides an in-depth analysis of the global cotton yarn 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 2025.



Data coverage:
• Global market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Global production, split by region and country
• Global trade (exports and imports)
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam
LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption, By Country, 2015–2019
Table 5:
Production, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Physical Terms, By Country, 2007–2019
Table 7:
Imports, In Value Terms, By Country, 2007–2019
Table 8:
Import Prices, By Country Of Destination, 2007–2019
Table 9:
Exports, In Physical Terms, By Country, 2007–2019
Table 10:
Exports, In Value Terms, By Country, 2007–2019
Table 11:
Export Prices, By Country Of Origin, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Consumption, By Country, 2019
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2019
Figure 17:
Production, In Value Terms, 2007–2019
Figure 18:
Production, By Country, 2019
Figure 19:
Production, In Physical Terms, By Country, 2007–2019
Figure 20:
Imports, In Physical Terms, 2007–2019
Figure 21:
Imports, In Value Terms, 2007–2019
Figure 22:
Imports, In Physical Terms, By Country, 2019
Figure 23:
Imports, In Physical Terms, By Country, 2007–2019
Figure 24:
Imports, In Value Terms, By Country, 2007–2019
Figure 25:
Import Prices, By Country, 2007–2019
Figure 26:
Exports, In Physical Terms, 2007–2019
Figure 27:
Exports, In Value Terms, 2007–2019
Figure 28:
Exports, In Physical Terms, By Country, 2019
Figure 29:
Exports, In Physical Terms, By Country, 2007–2019
Figure 30:
Exports, In Value Terms, By Country, 2007–2019
Figure 31:
Export Prices, 2007–2019

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