Asia: Cotton Lint Market Overview 2021

Cotton Lint Market Size in Asia

In 2020, the Asian cotton lint market decreased by -X% to $X, falling for the second consecutive year after three years of growth. In general, consumption, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 with an increase of X% year-to-year. As a result, consumption reached the peak level of $X. from 2012 to 2020, the growth of the market remained at a somewhat lower figure.

Cotton Lint Production in Asia

In value terms, cotton lint production contracted to $X in 2020 estimated in export prices. Overall, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2011 when the production volume increased by X% y-o-y. As a result, production reached the peak level of $X. from 2012 to 2020, production growth failed to regain the momentum.

The countries with the highest volumes of cotton lint production in 2020 were China (X tonnes), India (X tonnes) and Pakistan (X tonnes), with a combined X% share of total production. Turkey and Uzbekistan lagged somewhat behind, together comprising a further X 2007 to 2020, the biggest increases were in Turkey, while cotton lint production for the other leaders experienced mixed trends in the production figures.

Production By Country in Asia

The countries with the highest volumes of cotton lint production in 2020 were China (X tonnes), India (X tonnes) and Pakistan (X tonnes), together accounting for X% of total production. These countries were followed by Turkey and Uzbekistan, which together accounted for a further X 2007 to 2020, the biggest increases were in Turkey, while cotton lint production for the other leaders experienced mixed trends in the production figures.

Cotton Lint Exports

Exports in Asia

In 2020, cotton lint exports in Asia skyrocketed to X tonnes, with an increase of X% against 2019 figures. Over the period under review, exports, however, recorded a noticeable shrinkage. The pace of growth appeared the most rapid in 2010 when exports increased by X% y-o-y. The volume of export peaked at X tonnes in 2013; however, from 2014 to 2020, exports stood at a somewhat lower figure.

In value terms, cotton lint exports expanded sharply to $X in 2020. In general, exports, however, recorded a pronounced downturn. The most prominent rate of growth was recorded in 2010 when exports increased by X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2020, exports stood at a somewhat lower figure.

Exports by Country

India prevails in cotton lint exports structure, accounting for X tonnes, which was near X% of total exports in 2020. It was distantly followed by Tajikistan (X tonnes), Uzbekistan (X tonnes) and Turkey (X tonnes), together committing a X% share of total exports. Afghanistan (X tonnes), Kazakhstan (X tonnes), Malaysia (X tonnes) and Syrian Arab Republic (X tonnes) followed a long way behind the leaders.

From 2007 to 2020, average annual rates of growth with regard to cotton lint exports from India stood at -X%. At the same time, Afghanistan (+X%) and Turkey (+X%) displayed positive paces of growth. Moreover, Afghanistan emerged as the fastest-growing exporter exported in Asia, with a CAGR of +X% from 2007-2020. Malaysia and Tajikistan experienced a relatively flat trend pattern. By contrast, Kazakhstan (-X%), Syrian Arab Republic (-X%) and Uzbekistan (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of India, Turkey, Afghanistan, Malaysia and Tajikistan increased by +X%, +X%, +X%, +X% and +X% percentage points, while Uzbekistan (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest cotton lint supplier in Asia, comprising X% of total exports. The second position in the ranking was occupied by Turkey ($X), with a X% share of total exports. It was followed by Uzbekistan, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value in India was relatively modest. In the other countries, the average annual rates were as follows: Turkey (+X% per year) and Uzbekistan (-X% per year).

Export Prices by Country

The cotton lint export price in Asia stood at $X per tonne in 2020, declining by -X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2011 when the export price increased by X% y-o-y. As a result, export price reached the peak level of $X per tonne. from 2012 to 2020, the growth in terms of the export prices failed to regain the momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Turkey ($X per tonne), while Malaysia ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Afghanistan, while the other leaders experienced more modest paces of growth.

Cotton Lint Imports

Imports in Asia

In 2020, supplies from abroad of cotton lint decreased by -X% to X tonnes for the first time since 2016, thus ending a three-year rising trend. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 when imports increased by X% y-o-y. As a result, imports attained the peak of X tonnes. from 2013 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, cotton lint imports fell to $X in 2020. In general, imports, however, showed tangible growth. The most prominent rate of growth was recorded in 2011 when imports increased by X% year-to-year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, China (X tonnes), distantly followed by Viet Nam (X tonnes), Bangladesh (X tonnes), Turkey (X tonnes), Pakistan (X tonnes) and Indonesia (X tonnes) represented the key importers of cotton lint, together committing X% of total imports. India (X tonnes) followed a long way behind the leaders.

From 2007 to 2020, the biggest increases were in Viet Nam, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cotton lint importing markets in Asia were China ($X), Viet Nam ($X) and Bangladesh ($X), together accounting for X% of total imports.

Among the main importing countries, Viet Nam recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The cotton lint import price in Asia stood at $X per tonne in 2020, shrinking by -X% against the previous year. Import price indicated a slight expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, cotton lint import price decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2011 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per tonne. from 2012 to 2020, the growth in terms of the import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2020, major importing countries recorded the following prices: in India ($X per tonne) and China ($X per tonne), while Bangladesh ($X per tonne) and Turkey ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Viet Nam, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform