Bangladesh: Cotton Lint Market 2024

Cotton Lint Market Size in Bangladesh

The Bangladeshi cotton lint market dropped to $X in 2022, which is down by X% against the previous year. In general, consumption, however, showed a resilient expansion. Cotton lint consumption peaked at $X in 2021, and then dropped in the following year.

Cotton Lint Production in Bangladesh

In value terms, cotton lint production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt decline. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. Cotton lint production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

In 2022, the average cotton lint yield in Bangladesh surged to X tons per ha, growing by X% compared with the year before. Over the period under review, the yield, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2018 to 2022, the growth of the average cotton lint yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of cotton lint were harvested in Bangladesh; picking up by X% against the year before. In general, the total harvested area indicated a tangible expansion from 2012 to 2022: its figure increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cotton lint harvested area decreased by X% against 2018 indices. The growth pace was the most rapid in 2017 when the harvested area increased by X% against the previous year. The cotton lint harvested area peaked at X ha in 2018; however, from 2019 to 2022, the harvested area stood at a somewhat lower figure.

Cotton Lint Exports

Exports from Bangladesh

In 2022, cotton lint exports from Bangladesh declined significantly to X tons, dropping by X% on 2021 figures. Over the period under review, exports, however, recorded a pronounced expansion. The pace of growth was the most pronounced in 2021 when exports increased by X%. As a result, the exports reached the peak of X tons, and then shrank sharply in the following year.

In value terms, cotton lint exports shrank markedly to $X in 2022. In general, exports saw a mild contraction. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of $X, and then contracted sharply in the following year.

Exports by Country

India (X tons) was the main destination for cotton lint exports from Bangladesh, accounting for a X% share of total exports. Moreover, cotton lint exports to India exceeded the volume sent to the second major destination, Indonesia (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume to India totaled X%.

In value terms, the largest markets for cotton lint exported from Bangladesh were Indonesia ($X) and India ($X).

Indonesia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

The average cotton lint export price stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the export price, however, recorded a deep downturn. The growth pace was the most rapid in 2020 an increase of X% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to India amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Cotton Lint Imports

Imports into Bangladesh

After five years of growth, purchases abroad of cotton lint decreased by X% to X tons in 2022. Over the period under review, imports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2021, and then reduced in the following year.

In value terms, cotton lint imports shrank dramatically to $X in 2022. Overall, imports, however, continue to indicate buoyant growth. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Imports peaked at $X in 2021, and then contracted markedly in the following year.

Imports by Country

India (X tons), Brazil (X tons) and Benin (X tons) were the main suppliers of cotton lint imports to Bangladesh, with a combined X% share of total imports. The United States, Cote d'Ivoire, Australia and Turkey lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Cote d'Ivoire (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cotton lint suppliers to Bangladesh were India ($X), Brazil ($X) and the United States ($X), together comprising X% of total imports. Benin, Australia, Cote d'Ivoire and Turkey lagged somewhat behind, together comprising a further X%.

Cote d'Ivoire, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average cotton lint import price stood at $X per ton in 2022, waning by X% against the previous year. Overall, the import price saw a mild decrease. The growth pace was the most rapid in 2021 an increase of X%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($X per ton), while the price for Cote d'Ivoire ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :