
Asia - Cotton Lint - Market Analysis, Forecast, Size, Trends and Insights
Asia: Cotton Lint Market 2023
Cotton Lint Market Size in Asia
The Asian cotton lint market expanded notably to $X in 2021, increasing by 5.7% against the previous year. In general, consumption, however, showed a slight decrease. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.
Cotton Lint Production in Asia
In value terms, cotton lint production expanded rapidly to $X in 2021 estimated in export price. Overall, production, however, saw a pronounced decline. The pace of growth was the most pronounced in 2017 when the production volume increased by 20%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.
The countries with the highest volumes of production in 2021 were China (X tons), India (X tons) and Pakistan (X tons), together comprising 86% of total production.
From 2012 to 2021, the biggest increases were in China (with a CAGR of +0.4%), while production for the other leaders experienced mixed trends in the production figures.
The average cotton lint yield dropped to X tons per ha in 2021, with a decrease of -5.1% compared with 2020 figures. Over the period under review, the yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the yield increased by 11%. As a result, the yield reached the peak level of X tons per ha, and then shrank in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In 2021, the total area harvested in terms of cotton lint production in Asia amounted to X ha, with an increase of 6.9% compared with the previous year's figure. In general, the harvested area, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 17%. The level of harvested area peaked at X ha in 2019; however, from 2020 to 2021, the harvested area failed to regain momentum.
Cotton Lint Exports
Exports in Asia
Cotton lint exports soared to X tons in 2021, growing by 25% compared with the previous year's figure. Over the period under review, exports, however, showed a perceptible shrinkage. The volume of export peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.
In value terms, cotton lint exports surged to $X in 2021. In general, exports, however, continue to indicate a noticeable slump. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.
Exports by Country
India dominates exports structure, amounting to X tons, which was near 65% of total exports in 2021. It was distantly followed by Turkey (X tons), Azerbaijan (X tons) and Tajikistan (X tons), together making up an 18% share of total exports. The following exporters - Uzbekistan (X tons), Afghanistan (X tons) and Kazakhstan (X tons) - together made up 9.7% of total exports.
From 2012 to 2021, average annual rates of growth with regard to cotton lint exports from India stood at -4.3%. At the same time, Azerbaijan (+39.7%), Afghanistan (+11.7%), Turkey (+11.4%) and Tajikistan (+2.4%) displayed positive paces of growth. Moreover, Azerbaijan emerged as the fastest-growing exporter exported in Asia, with a CAGR of +39.7% from 2012-2021. Kazakhstan experienced a relatively flat trend pattern. By contrast, Uzbekistan (-28.2%) illustrated a downward trend over the same period. Azerbaijan (+6 p.p.), Turkey (+4.9 p.p.), Uzbekistan (+3.7 p.p.), Afghanistan (+2.6 p.p.) and Tajikistan (+2.1 p.p.) significantly strengthened its position in terms of the total exports, while India saw its share reduced by -5.9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, India ($X) remains the largest cotton lint supplier in Asia, comprising 66% of total exports. The second position in the ranking was held by Turkey ($X), with an 8.1% share of total exports. It was followed by Azerbaijan, with a 5.1% share.
In India, cotton lint exports declined by an average annual rate of -3.4% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Turkey (+13.4% per year) and Azerbaijan (+43.3% per year).
Export Prices by Country
In 2021, the export price in Asia amounted to $X per ton, jumping by 37% against the previous year. In general, the export price showed a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Turkey ($X per ton) and Afghanistan ($X per ton), while Azerbaijan ($X per ton) and Uzbekistan ($X per ton) were amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Azerbaijan (+2.6%), while the other leaders experienced more modest paces of growth.
Cotton Lint Imports
Imports in Asia
In 2021, purchases abroad of cotton lint increased by 7.8% to X tons, rising for the fifth consecutive year after four years of decline. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by 16% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.
In value terms, cotton lint imports skyrocketed to $X in 2021. Over the period under review, imports, however, saw a noticeable decrease. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.
Imports by Country
The countries with the highest levels of cotton lint imports in 2021 were China (X tons), Vietnam (X tons), Bangladesh (X tons), Turkey (X tons) and Pakistan (X tons), together finishing at 84% of total import. It was distantly followed by Indonesia (X tons), generating a 6.6% share of total imports. India (X tons) followed a long way behind the leaders.
From 2012 to 2021, the biggest increases were in Pakistan (with a CAGR of +15.7%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, China ($X), Bangladesh ($X) and Vietnam ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 58% of total imports.
In terms of the main importing countries, Vietnam, with a CAGR of +13.5%, recorded the highest rates of growth with regard to 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
In 2021, the import price in Asia amounted to $X per ton, growing by 22% against the previous year. Overall, the import price, however, continues to indicate a slight reduction. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.
Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in India ($X per ton) and Turkey ($X per ton), while Vietnam ($X per ton) and China ($X per ton) were amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+3.0%), while the other leaders experienced a decline in the import price figures.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the cotton lint market in Asia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Importers on The Market and How They Succeed
The Largest Exporters on The Market and How They Succeed
The Largest Producers on The Market and Their Profiles
The Largest Markets And Their Profiles
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