Which Country Exports the Most Cotton Woven Fabrics in the World?

IndexBox has just published a new report "World: Woven Fabrics Of Cotton - Market Report. Analysis and Forecast to 2025". Here is a summary of the report's key findings.

Global cotton fabric imports totaled 2.3M tonnes in 2016, remaining relatively unchanged against the previous year level. In general, cotton fabric imports continue to indicate a slight shrinkage. The pace of growth appeared the most rapid in 2010, when import increased by 5% y-o-y. Global cotton fabric import peaked of 2.5M tonnes in 2007- however, from 2008 to 2016, it stood at a somewhat lower level.

In value terms, cotton fabric imports totaled $12B in 2016. In general, cotton fabric imports continue to indicate a relatively flat trend pattern. Over the period under review, global cotton fabric imports reached its maximum level of $15B in 2011- however, from 2012 to 2016, it failed to regain its strength.

Top Cotton Fabric Importing Countries in the World

1. Bangladesh (1,067.3 million USD)

2. Viet Nam (478.8 million USD)

3. USA (432.8 million USD)

4. Indonesia (413.9 million USD)

5. Italy (407.8 million USD)

6. China (249.1 million USD)

7. South Korea (199.9 million USD)

8. Pakistan (182.7 million USD)

9. India (69.4 million USD)

10. Dominican Republic (25.8 million USD)

Cotton Fabric Imports By Country

In 2016, China (918K tonnes) represented the main importer for cotton fabric, committing 41% of total imports. It was distantly followed by Pakistan (178K tonnes), constituting 8% share of total cotton fabric imports. The Dominican Republic (88K tonnes), India (82K tonnes), Bangladesh (75K tonnes), Italy (52K tonnes), the U.S. (46K tonnes), South Korea (44K tonnes), Indonesia (40K tonnes), and Viet Nam (39K tonnes) held the slight share of total imports.

China experienced a relatively flat trend pattern. At the same time, Bangladesh (+9.6%), Viet Nam (+8.0%), Pakistan (+3.0%), and the Dominican Republic (+1.2%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest growing importer/exporter in the world, with a CAGR of +9.6% from 2007-2016. India, and Indonesia experienced a relatively flat trend pattern. By contrast, South Korea (-2.0%), the U.S. (-3.9%), and Italy (-6.3%) illustrated a downward trend over the same period. While the share of China (3%), and Italy (2%) increased significantly, the share of Pakistan (-1.9%), and Bangladesh (-1.9%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Bangladesh ($1.1B) constitutes the largest market for imported cotton fabric worldwide, making up 9% of global imports. The second position in the ranking was occupied by Viet Nam ($479M), with the share of 4% of global imports. It was followed by the U.S., with the share of 4%.

In Bangladesh, cotton fabric imports expanded at an average annual rate of +24.2% over the period from 2007-2016. The remaining importing countries recorded the following average annual rates: Viet Nam (+5.2% per year) and the U.S. (-1.2% per year).

Cotton Fabric Import Prices By Country

In 2016, the average import price for cotton fabric amounted to $5,291 per tonne, going down by -7.6% against the previous year. Over the last nine years it increased at an average annual rate of +1.3%.The pace of growth was the most pronounced in 2011, when it surged by 25% y-o-y. In that year, average cotton fabric import price attained its maximum level of $6,520 per tonne. From 2012 to 2016, growth of average cotton fabric import price stood at a somewhat lower level.

Import prices varied noticeably by country of destination. the country with the highest import prices was Bangladesh ($14 per kg), while China ($271 per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of cotton fabric import prices was attained by Pakistan (+44.2% per year), while the other global leaders experienced more modest paces of growth.

Do you want to know more about global cotton fabric market? Get the latest trends and insight from our report. It includes a wide range of statistics on

• cotton fabric market share
• cotton fabric prices
• cotton fabric industry
• cotton fabric sales
• cotton fabric import
• cotton fabric export
• cotton fabric market forecast
• cotton fabric price forecast
• key cotton fabric producers

All data provided in this article covers the following product: HS Code 5208 - Woven fabrics of cotton, containing 85% or more by weight of cotton, weighing not more than 200 g/m2.

Source: World: Woven Fabrics Of Cotton - Market Report. Analysis and Forecast to 2025