Canada: Market for Cotton (Carded Or Combed) 2024

Market Size for Cotton (Carded Or Combed) in Canada

The Canadian cotton (carded or combed) market soared to $X in 2022, surging by X% against the previous year. Over the period under review, consumption, however, continues to indicate a perceptible descent. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Production of Cotton (Carded Or Combed) in Canada

In value terms, cotton (carded or combed) production amounted to $X in 2022 estimated in export price. Over the period under review, the total production indicated a slight expansion from 2012 to 2022: its value 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, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2015 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

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Exports of Cotton (Carded Or Combed)

Exports from Canada

In 2022, approx. X tons of cotton (carded or combed) were exported from Canada; declining by X% compared with 2021. In general, exports, however, saw a resilient increase. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons, and then declined sharply in the following year.

In value terms, cotton (carded or combed) exports reduced rapidly to $X in 2022. Over the period under review, exports, however, continue to indicate a strong expansion. The growth pace was the most rapid in 2021 when exports increased by X%. As a result, the exports attained the peak of $X, and then dropped rapidly in the following year.

Exports by Country

India (X tons) was the main destination for cotton (carded or combed) exports from Canada, accounting for a X% share of total exports. It was followed by the United States (X kg), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to India stood at X%.

In value terms, India ($X) remains the key foreign market for cotton (carded or combed) exports from Canada, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports.

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

Export Prices by Country

The average cotton (carded or combed) export price stood at $X per ton in 2022, remaining stable against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible descent. The growth pace was the most rapid in 2015 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to India stood at $X per ton.

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

Imports of Cotton (Carded Or Combed)

Imports into Canada

In 2022, purchases abroad of cotton (carded or combed) increased by X% to X tons, rising for the second year in a row after two years of decline. In general, imports, however, saw a deep slump. The growth pace was the most rapid in 2015 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, cotton (carded or combed) imports soared to $X in 2022. Over the period under review, imports, however, continue to indicate a perceptible descent. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Turkey (X tons), the United States (X tons) and Mexico (X tons) were the main suppliers of cotton (carded or combed) imports to Canada, with a combined X% share of total imports.

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

In value terms, the largest cotton (carded or combed) suppliers to Canada were the United States ($X), Turkey ($X) and Italy ($X), together comprising X% of total imports. Mexico, China and India lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Mexico, with a CAGR of X%, 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 average cotton (carded or combed) import price stood at $X per ton in 2022, rising by X% against the previous year. In general, the import price enjoyed a resilient increase. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. The import price peaked in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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