Eastern Europe: Cotton Lint Market 2024

Cotton Lint Market Size in Eastern Europe

The East European cotton lint market dropped slightly to $X in 2022, approximately equating the previous year. The total consumption indicated a mild increase 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, consumption increased by X% against 2020 indices. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Cotton Lint Production in Eastern Europe

In value terms, cotton lint production fell slightly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

The country with the largest volume of cotton lint production was Ukraine (X tons), comprising approx. X% of total volume. Moreover, cotton lint production in Ukraine exceeded the figures recorded by the second-largest producer, Bulgaria (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume in Ukraine was relatively modest.

The average cotton lint yield totaled X tons per ha in 2022, increasing by X% compared with 2021. Over the period under review, the yield continues to indicate strong growth. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the cotton lint yield hit record highs at X tons per ha in 2020; however, from 2021 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.

The cotton lint harvested area declined modestly to X ha in 2022, which is down by X% against the year before. In general, the harvested area showed a abrupt curtailment. The growth pace was the most rapid in 2014 when the harvested area increased by X% against the previous year. The level of harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area remained at a lower figure.

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Cotton Lint Exports

Exports in Eastern Europe

In 2022, the amount of cotton lint exported in Eastern Europe shrank dramatically to X tons, which is down by X% compared with 2021 figures. In general, exports showed a sharp contraction. The pace of growth appeared the most rapid in 2013 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, cotton lint exports shrank notably to $X in 2022. Over the period under review, exports saw a sharp descent. The growth pace was the most rapid in 2021 with an increase of X%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Hungary represented the major exporting country with an export of about X tons, which recorded X% of total exports. Russia (X tons) ranks second in terms of the total exports with a X% share, followed by Latvia (X%). Poland (X tons), Bulgaria (X tons), Romania (X tons) and Estonia (X tons) followed a long way behind the leaders.

Exports from Hungary increased at an average annual rate of X% from 2012 to 2022. At the same time, Romania (X%), Latvia (X%) and Poland (X%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, Russia (X%), Bulgaria (X%) and Estonia (X%) illustrated a downward trend over the same period. While the share of Hungary (X p.p.), Russia (X p.p.), Latvia (X p.p.), Poland (X p.p.), Romania (X p.p.) and Estonia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Bulgaria (X p.p.) displayed negative dynamics.

In value terms, Hungary ($X) emerged as the largest cotton lint supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was taken by Latvia ($X), with a X% share of total exports. It was followed by Russia, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Hungary stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Latvia (X% per year) and Russia (X% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the export price posted a strong expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Romania ($X per ton), while Russia ($X per ton) was amongst the lowest.

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

Cotton Lint Imports

Imports in Eastern Europe

In 2022, the amount of cotton lint imported in Eastern Europe dropped markedly to X tons, reducing by X% compared with 2021. In general, imports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, cotton lint imports stood at $X in 2022. Over the period under review, imports continue to indicate a pronounced descent. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Russia (X tons) was the major importer of cotton lint, mixing up X% of total imports. Poland (X tons) ranks second in terms of the total imports with a X% share, followed by Belarus (X%), Estonia (X%) and Bulgaria (X%). The following importers - Latvia (X tons) and the Czech Republic (X tons) - each accounted for a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to cotton lint imports into Russia stood at X%. At the same time, Estonia (X%), Latvia (X%) and Poland (X%) displayed positive paces of growth. Moreover, Estonia emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, Bulgaria (X%), Belarus (X%) and the Czech Republic (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Poland, Estonia and Latvia increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported cotton lint in Eastern Europe, comprising X% of total imports. The second position in the ranking was held by Poland ($X), with a X% share of total imports. It was followed by Belarus, with a X% share.

In Russia, cotton lint imports plunged 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: Poland (X% per year) and Belarus (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per ton, surging by X% against the previous year. Import price indicated a tangible 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 somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Belarus ($X per ton) and the Czech Republic ($X per ton), while Russia ($X per ton) and Poland ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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