Which Country Imports the Most Cotton Yarn in the World?

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

In 2016, approx. X tonnes of cotton were imported worldwide; increasing by X% against the previous year figure. Overall, it indicated a remarkable growth from 2007 to 2016: the total imports volume increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2012, when imports increased by X% y-o-y. Global cotton import peaked in 2016, and are likely to continue its growth in the immediate term.

In value terms, cotton imports amounted to $X in 2016. Overall, it indicated a strong expansion from 2007 to 2016: the total imports value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on the result of 2016, cotton imports decreased by -X% against its level of 2013. Global cotton import peaked of $X in 2013; however, from 2014 to 2016, it stood at a somewhat lower level.

Top Cotton Importing Countries in the World

X. China (X million USD)

X. China, Hong Kong SAR (X million USD)

X. South Korea (X million USD)

X. Bangladesh (X million USD)

X. Turkey (X million USD)

X. Russia (X million USD)

X. Viet Nam (X million USD)

X. Malaysia (X million USD)

X. Portugal (X million USD)

X. Italy (X million USD)

X. Indonesia (X million USD)

X. Egypt (X million USD)

Cotton Imports By Country

In 2016, China (X tonnes), distantly followed by China, Hong Kong SAR (X tonnes), Indonesia (X tonnes), Russia (X tonnes), South Korea (X tonnes), and Bangladesh (X tonnes) represented the major importers of cotton, together comprising X% of total imports. The following importers - Turkey (X tonnes), Viet Nam (X tonnes), Malaysia (X tonnes), Italy (X tonnes), Egypt (X tonnes), and Portugal (X tonnes) together made up X% of total imports.

Imports into China increased at an average annual rate of +X% from 2007 to 2016. At the same time, Turkey (+X%), Viet Nam (+X%), Egypt (+X%), Russia (+X%), Bangladesh (+X%), Malaysia (+X%), South Korea (+X%), Indonesia (+X%), and Italy (+X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest growing importer/exporter in the world, with a CAGR of +X% from 2007-2016. Portugal experienced a relatively flat trend pattern. By contrast, China, Hong Kong SAR (-X%) illustrated a downward trend over the same period. While the share of China, Hong Kong SAR (X%) increased significantly, the share of Malaysia (-X%), Egypt (-X%), South Korea (-X%), Viet Nam (-X%), Turkey (-X%), Bangladesh (-X%), Russia (-X%), and China (-X%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), China, Hong Kong SAR ($X) and South Korea ($X) were the countries with the highest levels of imports in 2016, with a combined X% share of global imports.Bangladesh, Turkey, Russia, Viet Nam, Malaysia, Portugal, Italy, Indonesia and Egypt lagged somewhat behind, together accounting for a further X%.

Bangladesh (+X% per year) experienced the highest growth rate of cotton imports, among the main importing countries, over the last X years, while the other global leaders experienced more modest paces of growth.

Cotton Import Prices By Country

The average cotton import price stood at $X per tonne in 2016, falling by -X% against the previous year. Overall, cotton import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011, when import price increased by X% year-to-year. In that year, average cotton import price reached its maximum level of $X per tonne. From 2012 to 2016, growth of average cotton import price failed to regain its strength.

Import prices varied noticeably by country of destination. the country with the highest import prices was China, Hong Kong SAR ($X per tonne), while Indonesia ($X per tonne) was among the lowest.

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

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

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

This article was written on the product's HS-code: X.

Source: IndexBox AI Platform