Eastern Asia: Cotton Lint Market 2024

Cotton Lint Market Size in Eastern Asia

In 2022, the East Asian cotton lint market was finally on the rise to reach $X after two years of decline. In general, consumption, however, recorded a noticeable decline. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Cotton Lint Production in Eastern Asia

In value terms, cotton lint production shrank to $X in 2022 estimated in export price. In general, production, however, recorded a perceptible reduction. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

The country with the largest volume of cotton lint production was China (X tons), comprising approx. X% of total volume.

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

The average cotton lint yield stood at X tons per ha in 2022, increasing by X% against 2021. The yield indicated a modest increase 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 yield decreased by X% against 2019 indices. The growth pace was the most rapid in 2018 when the yield increased by X% against the previous year. Over the period under review, the cotton lint yield reached the peak level at X tons per ha in 2019; however, from 2020 to 2022, the 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, the total area harvested in terms of cotton lint production in Eastern Asia expanded to X ha, with an increase of X% against 2021 figures. Overall, the harvested area, however, recorded a perceptible decline. The growth pace was the most rapid in 2017 with an increase of X%. As a result, the harvested area attained the peak level of X ha. From 2018 to 2022, the growth of the cotton lint harvested area remained at a somewhat lower figure.

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Cotton Lint Exports

Exports in Eastern Asia

In 2022, approx. X tons of cotton lint were exported in Eastern Asia; increasing by X% compared with the previous year's figure. Over the period under review, exports, however, recorded a slight setback. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, cotton lint exports surged to $X in 2022. Overall, exports continue to indicate notable growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, China (X tons) was the major exporter of cotton lint, comprising X% of total exports. It was distantly followed by Hong Kong SAR (X tons), constituting an X% share of total exports.

China was also the fastest-growing in terms of the cotton lint exports, with a CAGR of X% from 2012 to 2022. Hong Kong SAR (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Hong Kong SAR (X p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest cotton lint supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a X% share of total exports.

In China, cotton lint exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, surging by X% against the previous year. Export price indicated a temperate 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 lint export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, the export prices reached the maximum in 2022 and is expected to retain growth in the near future.

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 China ($X per ton), while Hong Kong SAR amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%).

Cotton Lint Imports

Imports in Eastern Asia

In 2022, purchases abroad of cotton lint decreased by X% to X tons, falling for the second year in a row after four years of growth. Overall, imports recorded a deep contraction. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, cotton lint imports skyrocketed to $X in 2022. In general, imports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China prevails in imports structure, finishing at X tons, which was approx. X% of total imports in 2022. It was distantly followed by South Korea (X tons), mixing up a X% share of total imports. The following importers - Taiwan (Chinese) (X tons) and Japan (X tons) - each reached a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to cotton lint imports into China stood at X%. Japan (X%), South Korea (X%) and Taiwan (Chinese) (X%) illustrated a downward trend over the same period. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported cotton lint in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with a X% share of total imports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to X%. In the other countries, the average annual rates were as follows: South Korea (X% per year) and Taiwan (Chinese) (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, jumping by X% against the previous year. Import price indicated a modest 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 lint import price increased by X% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in South Korea ($X per ton) and Japan ($X per ton), while China ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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