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World - Cotton Yarn - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Apr 1, 2024

World - Cotton Yarn - Market Analysis, Forecast, Size, Trends And Insights

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Article Publishing Date: Jul 6, 2023

The World's Best Import Markets for Cotton Yarn

In today's globalized economy, trade plays a vital role in the growth and development of nations. Various commodities are traded across borders, fueling economic activity and creating opportunities for businesses. One such commodity that holds significant importance in the textile industry is cotton yarn. Cotton yarn is a versatile and widely used material, making it a sought-after commodity in the global market.

When analyzing the import markets for cotton yarn, several factors come into play. These include the demand for textile products, the strength of the textile industry, and the competitive advantages of countries in terms of production capacity and cost-effectiveness.

China: Leading the Import Market

According to the latest data from IndexBox, China is the world's largest import market for cotton yarn. In 2022, China imported cotton yarn worth USD 7.241 billion. This staggering figure indicates the strong demand for cotton yarn in the country.

The textile industry in China is vast and diverse, catering to both domestic and international markets. The country benefits from a large skilled labor force, advanced manufacturing technologies, and an extensive distribution network. These advantages enable China to be a dominant player in the global cotton yarn market.

China's demand for cotton yarn is fueled by the growing textile and apparel industry, as well as the increasing consumption of cotton-based products. The country's booming e-commerce sector further drives the demand for textile products, leading to a higher import value of cotton yarn.

Bangladesh: A Rising Import Market

Following China, Bangladesh comes in second place in terms of import value for cotton yarn. In 2022, Bangladesh imported cotton yarn worth USD 1.176 billion. This considerable import value highlights the country's reliance on importing cotton yarn to meet its domestic demand.

Bangladesh has emerged as a significant player in the global textile and apparel industry in recent years. The country benefits from a large population, low labor costs, and a favorable investment climate for the textile sector. These factors have attracted foreign investment and enabled Bangladesh to build a robust textile industry.

However, despite having a significant production capacity for textiles, Bangladesh still relies on imports to meet the growing demand for cotton yarn. The country's domestic cotton production is limited, making it heavily dependent on imports from countries like China, India, and Turkey.

Turkey: A Key Player in the Cotton Yarn Market

Turkey holds the third position in the global import market for cotton yarn. In 2022, the country imported cotton yarn worth USD 1.057 billion. Turkey's textile industry is one of the largest and most developed in the region, making it an attractive market for cotton yarn suppliers.

The textile industry in Turkey has a strong historical background, dating back to centuries. Today, Turkey is known for its high-quality textile products and advanced production capabilities. The country has a well-established value chain, comprising of various stages, from spinning to weaving and finishing.

Turkey's textile industry has experienced steady growth over the years, driven by domestic consumption as well as exports to other countries. To meet the growing demand, Turkey relies on importing cotton yarn from countries like the United States, India, and China. The import value of cotton yarn reflects the country's need to augment its production capacities to cater to domestic and international markets.

Honduras: Emerging as a Significant Import Market

Honduras is another notable import market for cotton yarn, ranking fourth globally in terms of import value. In 2022, Honduras imported cotton yarn worth USD 673.065 million. The country's textile and apparel industry has witnessed significant growth over the years, creating a high demand for cotton yarn.

Honduras benefits from proximity to the United States, which is a key market for its textile exports. The country enjoys preferential trade agreements, such as the Central America-Dominican Republic Free Trade Agreement (CAFTA-DR), which provides tariff-free access to the U.S. market. These trade advantages have attracted foreign investment and fostered the development of the textile industry in Honduras.

However, like Bangladesh, Honduras relies on imports to meet its cotton yarn requirements. The country's domestic cotton production is limited, making it reliant on imports from countries like the United States, Mexico, and China. The import value of cotton yarn reflects the country's need to maintain a steady supply chain to support its growing textile industry.

Italy: A European Import Market for Cotton Yarn

Italy secures its position as one of the top import markets for cotton yarn, ranking fifth globally. In 2022, Italy imported cotton yarn worth USD 526.369 million. The country's textile and apparel industry has a rich heritage, renowned for its quality and craftsmanship.

Italy's textile industry specializes in high-end fashion and luxury goods, consistently catering to the demands of discerning consumers. The industry is characterized by small to medium-sized companies that focus on niche markets and value-added products.

However, Italy relies on imports to meet a portion of its cotton yarn requirements. The country's production capacities are limited, making it dependent on imports from countries like India, Egypt, and Turkey. The import value of cotton yarn reflects Italy's need to source high-quality raw materials to maintain its position as a leading textile producer.

Conclusion

The global import markets for cotton yarn are driven by the growing demand for textile products worldwide. China leads the import market, followed by Bangladesh, Turkey, Honduras, and Italy. These countries rely on imports to meet their cotton yarn requirements and support their textile industries.

With the textile industry continuing to expand and evolve, the import markets for cotton yarn are expected to experience further growth. Understanding the dynamics and trends within these markets is essential for industry participants to make informed decisions, develop effective strategies, and seize opportunities for growth and success.

Source: IndexBox Market Intelligence Platform

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 2030.

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.
  • Prodcom 13106132 - Yarn of uncombed cotton, n.p.r.s., for woven fabrics (excluding for carpets and floor coverings)
  • Prodcom 13106133 - Yarn of uncombed cotton, n.p.r.s., for knitted fabrics and hosiery
  • Prodcom 13106135 - Yarn of uncombed cotton, n.p.r.s., for other uses (including carpets and floor coverings)
  • Prodcom 13106152 - Yarn of combed cotton, n.p.r.s., for woven fabrics (excluding for carpets and floor coverings)
  • Prodcom 13106153 - Yarn of combed cotton, n.p.r.s., for knitted fabrics and hosiery
  • Prodcom 13106155 - Yarn of combed cotton, n.p.r.s., for other uses (including carpets and floor coverings)

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

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. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • 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

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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