Which Country Imports the Most Cotton Yarn in the World?

Textile Fibres May 28, 2018
Author: Anna Sergeeva
Market Analyst

In 2016, approx. 539K tonnes of cotton yarn were imported worldwide; increasing by 3% 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 +5.7% 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 13% y-o-y. Global cotton yarn import peaked in 2016, and are likely to continue its growth in the immediate term.

In value terms, cotton yarn imports amounted to $1.4B in 2016. Overall, it indicated a strong expansion from 2007 to 2016: the total imports value increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on the result of 2016, cotton yarn imports decreased by -15.0% against its level of 2013. Global cotton yarn import peaked of $1.7B in 2013; however, from 2014 to 2016, it stood at a somewhat lower level.

Top Cotton Yarn Importing Countries in the World

1. China (402.4 million USD)

2. China, Hong Kong SAR (224.4 million USD)

3. South Korea (116.8 million USD)

4. Bangladesh (107.4 million USD)

5. Turkey (62.9 million USD)

6. Russia (46.0 million USD)

7. Viet Nam (45.3 million USD)

8. Malaysia (39.2 million USD)

9. Portugal (26.2 million USD)

10. Italy (16.6 million USD)

11. Indonesia (15.1 million USD)

12. Egypt (7.0 million USD)

Cotton Yarn Imports By Country

In 2016, China (128K tonnes), distantly followed by China, Hong Kong SAR (48K tonnes), Indonesia (46K tonnes), Russia (38K tonnes), South Korea (36K tonnes), and Bangladesh (29K tonnes) represented the major importers of cotton yarn, together comprising 60% of total imports. The following importers - Turkey (22K tonnes), Viet Nam (16K tonnes), Malaysia (14K tonnes), Italy (12K tonnes), Egypt (12K tonnes), and Portugal (11K tonnes) together made up 16% of total imports.

Imports into China increased at an average annual rate of +7.6% from 2007 to 2016. At the same time, Turkey (+30.6%), Viet Nam (+29.2%), Egypt (+28.0%), Russia (+27.5%), Bangladesh (+24.4%), Malaysia (+10.7%), South Korea (+6.1%), Indonesia (+1.8%), and Italy (+1.3%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest growing importer/exporter in the world, with a CAGR of +30.6% from 2007-2016. Portugal experienced a relatively flat trend pattern. By contrast, China, Hong Kong SAR (-4.1%) illustrated a downward trend over the same period. While the share of China, Hong Kong SAR (4%) increased significantly, the share of Malaysia (-1.6%), Egypt (-2.0%), South Korea (-2.7%), Viet Nam (-2.8%), Turkey (-3.7%), Bangladesh (-4.7%), Russia (-6.3%), and China (-11.4%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($402M), China, Hong Kong SAR ($224M) and South Korea ($117M) were the countries with the highest levels of imports in 2016, with a combined 52% share of global imports.Bangladesh, Turkey, Russia, Viet Nam, Malaysia, Portugal, Italy, Indonesia and Egypt lagged somewhat behind, together accounting for a further 25%.

Bangladesh (+27.7% per year) experienced the highest growth rate of cotton yarn imports, among the main importing countries, over the last 9 years, while the other global leaders experienced more modest paces of growth.

Cotton Yarn Import Prices By Country

The average cotton yarn import price stood at $2,669 per tonne in 2016, falling by -12.7% against the previous year. Overall, cotton yarn import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011, when import price increased by 21% year-to-year. In that year, average cotton yarn import price reached its maximum level of $3,885 per tonne. From 2012 to 2016, growth of average cotton yarn 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 ($4,673 per tonne), while Indonesia ($333 per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of cotton yarn import prices was attained by Indonesia (+16.1% per year), while the other global leaders experienced more modest paces of growth.

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

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

This article was written on the product's HS-code: 5206.

Source: World: Cotton Yarn Yarn - Market Report. Analysis and Forecast to 2025