Eastern Asia: Cotton Yarn Market 2024

Cotton Yarn Market Size in Eastern Asia

The East Asian cotton yarn market plummeted to $X in 2022, waning by X% against the previous year. Overall, consumption recorded a perceptible curtailment. 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 Yarn Production in Eastern Asia

In value terms, cotton yarn production fell to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Cotton Yarn Exports

Exports in Eastern Asia

For the sixth consecutive year, Eastern Asia recorded decline in shipments abroad of cotton yarn, which decreased by X% to X tons in 2022. In general, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, cotton yarn exports contracted to $X in 2022. Overall, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, China (X tons) was the main exporter of cotton yarn, generating X% of total exports. It was distantly followed by Taiwan (Chinese) (X tons), comprising a X% share of total exports. South Korea (X tons) and Hong Kong SAR (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the cotton yarn exports, with a CAGR of X% from 2012 to 2022. Taiwan (Chinese) (X%), South Korea (X%) and 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 South Korea (X p.p.) and Hong Kong SAR (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In China, cotton yarn exports contracted by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (X% per year) and Hong Kong SAR (X% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, rising by X% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 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 Hong Kong SAR ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

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

Cotton Yarn Imports

Imports in Eastern Asia

Cotton yarn imports dropped significantly to X tons in 2022, declining by X% against 2021 figures. Overall, imports continue to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of X%. The volume of import peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, cotton yarn imports dropped significantly to $X in 2022. In general, imports recorded a perceptible decrease. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China dominates imports structure, recording X tons, which was near X% of total imports in 2022. It was distantly followed by South Korea (X tons), mixing up a X% share of total imports. Japan (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the cotton yarn imports, with a CAGR of X% from 2012 to 2022. Japan (X%) and South Korea (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported cotton yarn in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with an X% share of total imports.

In China, cotton yarn imports contracted by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Japan (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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