Eastern Asia: Market for Cotton (Carded Or Combed) 2024

Market Size for Cotton (Carded Or Combed) in Eastern Asia

In 2022, the East Asian cotton (carded or combed) market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption saw a buoyant increase. The level of consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Production of Cotton (Carded Or Combed) in Eastern Asia

In value terms, cotton (carded or combed) production reached $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

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Exports of Cotton (Carded Or Combed)

Exports in Eastern Asia

In 2022, the amount of cotton (carded or combed) exported in Eastern Asia shrank remarkably to X tons, with a decrease of X% on the previous year. In general, exports continue to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2017 with an increase of X%. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, cotton (carded or combed) exports contracted to $X in 2022. Overall, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X%. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

South Korea represented the largest exporting country with an export of around X tons, which reached X% of total exports. It was distantly followed by Japan (X tons), generating a X% share of total exports. Hong Kong SAR (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to cotton (carded or combed) exports from South Korea stood at X%. Hong Kong SAR experienced a relatively flat trend pattern. Japan (X%) illustrated a downward trend over the same period. South Korea (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Korea ($X), Japan ($X) and Hong Kong SAR ($X) constituted the countries with the highest levels of exports in 2022, together comprising X% of total exports.

South Korea, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, growing by X% against the previous year. Export price indicated a perceptible expansion from 2012 to 2022: its price 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 (carded or combed) export price increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2016 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Cotton (Carded Or Combed)

Imports in Eastern Asia

Cotton (carded or combed) imports dropped slightly to X tons in 2022, which is down by X% compared with the previous year. Overall, imports, however, saw a perceptible expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X%. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, cotton (carded or combed) imports amounted to $X in 2022. In general, imports, however, posted tangible growth. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Taiwan (Chinese) represented the largest importer of cotton (carded or combed) in Eastern Asia, with the volume of imports recording X tons, which was approx. X% of total imports in 2022. It was distantly followed by China (X tons), creating a X% share of total imports. The following importers - South Korea (X tons) and Japan (X tons) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by China (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) importing markets in Eastern Asia were Taiwan (Chinese) ($X), China ($X) and Japan ($X), together comprising X% of total imports.

In terms of the main importing countries, China, 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 mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, with an increase of X% against the previous year. In general, the import price, however, saw a slight curtailment. Over the period under review, import prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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