Which Country Imports the Most Cotton Yarn in the World?

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

In 2016, approx. 3.9M tonnes of cotton yarn were imported worldwide; lowering by -8.2% against the previous year level. The total import volume increased at an average annual rate of +1.7% over the period from 2007 to 2016; however, the trend pattern indicated some noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2013, when imports increased by 22% against the previous year level. Over the period under review, global cotton yarn imports attained its maximum volume of 4.2M tonnes in 2015, falling back in the following year.

In value terms, cotton yarn imports stood at $11B in 2016. Overall, it indicated a modest growth from 2007 to 2016: the total imports value increased at an average annual rate of +1.7% 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 -24.7% against its level of 2013. Global cotton yarn import peaked of $14B in 2013; however, from 2014 to 2016, it stood at a somewhat lower level.

Top Cotton Yarn Importing Countries in the World

1. China (4,725.7 million USD)

2. Bangladesh (881.0 million USD)

3. China, Hong Kong SAR (553.1 million USD)

4. Turkey (444.4 million USD)

5. South Korea (335.9 million USD)

6. Italy (333.4 million USD)

7. Portugal (278.8 million USD)

8. Japan (223.1 million USD)

9. Russia (218.1 million USD)

10. Indonesia (71.0 million USD)

Cotton Yarn Imports By Country

China (1.9M tonnes) represented the main importing country with an import of about 1.9M tonnes, which finished at 48% of total imports. It was distantly followed by Bangladesh (278K tonnes), making up 7% share of total cotton yarn imports. Indonesia (163K tonnes), Turkey (156K tonnes), China, Hong Kong SAR (154K tonnes), South Korea (108K tonnes), Russia (106K tonnes), Portugal (93K tonnes), Italy (69K tonnes), and Japan (59K tonnes) followed a long way behind this figure.

From 2007 to 2016, average annual rates of growth with regard to cotton yarn imports into China stood at +9.1%. At the same time, Bangladesh (+16.2%), and Russia (+9.3%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest growing importer/exporter in the world, with a CAGR of +16.2% from 2007-2016. Indonesia, and Portugal experienced a relatively flat trend pattern. By contrast, Japan (-1.1%), Turkey (-1.7%), South Korea (-5.1%), Italy (-6.0%), and China, Hong Kong SAR (-14.4%) illustrated a downward trend over the same period. From 2007 to 2016, the share of China, Hong Kong SAR, and South Korea increased by 12%, and 2% percentage points, while Bangladesh (-5.3%), and China (-26.1%) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($4.7B) constitutes the largest market for imported cotton yarn worldwide, making up 44% of global imports. The second position in the ranking was occupied by Bangladesh ($881M), with the share of 8% of global imports. It was followed by China, Hong Kong SAR, with the share of 5%.

In China, cotton yarn imports stood at an average annual rate of +11.1% over the period from 2007-2016. In the other countries, the average annual rates were as follows: Bangladesh (+19.2% per year) and China, Hong Kong SAR (-12.0% per year).

Cotton Yarn Import Prices By Country

The average cotton yarn import price stood at $2,746 per tonne in 2016, lowering by -4.9% against the previous year. Overall, cotton yarn import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011, an increase of 34% y-o-y. In that year, average cotton yarn import price reached its maximum level of $4,274 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 Italy ($4,804 per tonne), while Indonesia ($435 per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of cotton yarn import prices was attained by Indonesia (+4.6% 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

All data provided in this article covers the following product: HS Code 5205 - Cotton yarn (other than sewing thread), containing 85% or more by weight of cotton, not put up for retail sale.

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