China: Cotton Lint Market Overview 2021

Cotton Lint Market Size in China

The Chinese cotton lint market totaled $X in 2020, picking up by X% against the previous year. Overall, consumption, however, saw a mild downturn. The pace of growth appeared the most rapid in 2012 with an increase of X% y-o-y. As a result, consumption reached the peak level of $X. from 2013 to 2020, the growth of the market remained at a lower figure.

Cotton Lint Production in China

In value terms, cotton lint production shrank modestly to $X in 2020 estimated in export prices. Overall, production saw a slight reduction. The pace of growth was the most pronounced in 2008 when the production volume increased by X% year-to-year. As a result, production reached the peak level of $X. from 2009 to 2020, production growth remained at a somewhat lower figure.

The average yield of cotton lint in China was estimated at X kg per ha in 2020, leveling off at the previous year's figure. In general, the yield saw a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, the cotton lint harvested area in China totaled X ha, approximately mirroring the previous year's figure. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern.

Cotton Lint Exports

Exports from China

After three years of growth, overseas shipments of cotton lint decreased by -X% to X tonnes in 2020. In general, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, exports attained the peak figure at X tonnes in 2019, and then reduced remarkably in the following year.

In value terms, cotton lint exports fell sharply to $X in 2020. Over the period under review, exports showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, exports attained the peak of $X. from 2019 to 2020, the growth exports remained at a somewhat lower figure.

Exports by Country

Malaysia (X tonnes) was the main destination for cotton lint exports from China, accounting for a X% share of total exports. Moreover, cotton lint exports to Malaysia exceeded the volume sent to the second major destination, Viet Nam (X tonnes), fourfold. Djibouti (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Malaysia stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Viet Nam (-X% per year) and Djibouti (X% per year).

In value terms, Malaysia ($X) emerged as the key foreign market for cotton lint exports from China, comprising X% of total exports. The second position in the ranking was occupied by Viet Nam ($X), with a X% share of total exports. It was followed by Djibouti, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Malaysia stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Viet Nam (-X% per year) and Djibouti (X% per year).

Export Prices by Country

In 2020, the average cotton lint export price amounted to $X per tonne, dropping by -X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the average export price increased by X% y-o-y. Over the period under review, average export prices hit record highs at $X per tonne in 2011; however, from 2012 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was Democratic People's Republic of Korea ($X per tonne), while the average price for exports to Malaysia ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Viet Nam, while the prices for the other major destinations experienced more modest paces of growth.

Cotton Lint Imports

Imports into China

In 2020, overseas purchases of cotton lint increased by X% to X tonnes, rising for the fourth consecutive year after four years of decline. Overall, imports, however, recorded a mild contraction. The growth pace was the most rapid in 2010 with an increase of X% y-o-y. Over the period under review, imports reached the peak figure at X tonnes in 2012; however, from 2013 to 2020, imports remained at a lower figure.

In value terms, cotton lint imports shrank to $X in 2020. Over the period under review, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2010 when imports increased by X% year-to-year. Imports peaked at $X in 2012; however, from 2013 to 2020, imports remained at a lower figure.

Imports by Country

The U.S. (X tonnes), Brazil (X tonnes) and India (X tonnes) were the main suppliers of cotton lint imports to China, together accounting for X% of total imports.

From 2007 to 2020, the biggest increases were in Brazil, while purchases for the other leaders experienced mixed trend patterns.

In value terms, the U.S. ($X), Brazil ($X) and India ($X) were the largest cotton lint suppliers to China, together accounting for X% of total imports.

In terms of the main suppliers, Brazil 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

The average cotton lint import price stood at $X per tonne in 2020, shrinking by -X% against the previous year. In general, import price indicated a mild increase 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 average import price increased by X% y-o-y. As a result, import price attained the peak level of $X per tonne. from 2012 to 2020, the growth in terms of the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2020, the highest prices were recorded for prices from Australia ($X per tonne) and Brazil ($X per tonne), while the price for India ($X per tonne) and the U.S. ($X per tonne) were amongst the lowest.

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

Source: IndexBox Platform