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Latest Report Update: Mar 1, 2023

ECOWAS - Cotton Yarn - Market Analysis, Forecast, Size, Trends and Insights

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ECOWAS: Cotton Yarn Market 2022

Cotton Yarn Market Size in ECOWAS

Overall, consumption showed a relatively flat trend pattern.

Cotton Yarn Exports

Exports by Country

In 2021, India (X tons) and Vietnam (X tons) were the largest exporters of cotton yarnaround the world, together comprising 48% of total exports. Uzbekistan (X tons) ranks next in terms of the total exports with a 9.4% share, followed by Pakistan (7.8%), the United States (6.9%), China (5.7%), Turkey (4.7%) and Indonesia (4.6%). The following exporters - Hong Kong SAR (X tons), Taiwan (Chinese) (X tons) and Turkmenistan (X tons) - each amounted to a 3.7% share of total exports.

From 2012 to 2021, the biggest increases were in Uzbekistan (with a CAGR of +222.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Vietnam ($X) and Uzbekistan ($X) constituted the countries with the highest levels of exports in 2021, with a combined 54% share of total exports.

Among the main exporting countries, Uzbekistan, with a CAGR of +222.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in X amounted to less than $X per ton, standing approx. at the previous year. In general, the export price saw a relatively flat trend pattern.

Prices varied noticeably country of origin: the country with the highest price was Hong Kong SAR ($X per ton), while Turkmenistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+1.7%), while the other leaders experienced more modest paces of growth.

Cotton Yarn Imports

Imports by Country

China was the largest importer of cotton yarn in the world, with the volume of imports resulting at X tons, which was approx. 44% of total imports in 2021. Bangladesh (X tons) ranks second in terms of the total imports with a 6.5% share, followed by Turkey (5.1%), Honduras (4.7%) and Hong Kong SAR (1%). Russia (X tons), South Korea (X tons), Portugal (X tons), the Dominican Republic (X tons), Guatemala (X tons), Vietnam (X tons), Italy (X tons) and Egypt (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to cotton yarn imports into China stood at +4.8%. At the same time, Turkey (+10.6%), Guatemala (+10.1%), the Dominican Republic (+9.6%), Portugal (+6.5%), Russia (+5.7%), Bangladesh (+5.4%), Vietnam (+2.6%) and South Korea (+2.1%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing importer imported in the world, with a CAGR of +10.6% from 2012-2021. Honduras and Italy experienced a relatively flat trend pattern. By contrast, Egypt (-6.0%) and Hong Kong SAR (-19.9%) illustrated a downward trend over the same period. While the share of China (+7.5 p.p.) and Turkey (+2.5 p.p.) increased significantly in terms of the global imports from 2012-2021, the share of Hong Kong SAR (-8.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported cotton yarn into X, comprising 38% of global imports. The second position in the ranking was held by Bangladesh ($X), with a 6.3% share of global imports. It was followed by Turkey, with a 5.2% share.

From 2012 to 2021, the average annual growth rate of value in China stood at +3.5%. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (+1.9% per year) and Turkey (+9.9% per year).

Import Prices by Country

The import price in X stood at less than $X per ton in 2021, remaining constant against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern.

Prices varied noticeably country of destination: the country with the highest price was Italy ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+2.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Base Year	Historical Period	Forecast Period	Units
2022	2012-2022	2023-2030	US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for cotton yarn in ECOWAS?

The country with the largest volume of cotton yarn consumption was Nigeria, comprising approx. 75% of total volume. Moreover, cotton yarn consumption in Nigeria exceeded the figures recorded by the second-largest consumer, Niger, more than tenfold. The third position in this ranking was taken by Mali, with a 4.4% share.

What are the largest producers of cotton yarn in ECOWAS?

Nigeria constituted the country with the largest volume of cotton yarn production, comprising approx. 75% of total volume. Moreover, cotton yarn production in Nigeria exceeded the figures recorded by the second-largest producer, Niger, more than tenfold. The third position in this ranking was held by Burkina Faso, with a 5.3% share.

What are the leading exporters of cotton yarn in ECOWAS?

In value terms, Burkina Faso remains the largest cotton yarn supplier in ECOWAS, comprising 63% of total exports. The second position in the ranking was held by Nigeria, with a 25% share of total exports.

What are the leading importers of cotton yarn in ECOWAS?

In value terms, the largest cotton yarn importing markets in ECOWAS were Ghana, Nigeria and Cote d'Ivoire, with a combined 89% share of total imports. Mali, Senegal, Togo and Burkina Faso lagged somewhat behind, together accounting for a further 7.4%.

What is the average export price for cotton yarn in ECOWAS?

The export price in ECOWAS stood at $2,269 per ton in 2021, rising by 4.8% against the previous year.

What is the average import price for cotton yarn in ECOWAS?

In 2021, the import price in ECOWAS amounted to $2,179 per ton, jumping by 24% against the previous year.

This report provides an in-depth analysis of the cotton yarn market in ECOWAS. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

• Prodcom 13106160 - Cotton yarn, p.r.s. (excluding sewing thread)

• Prodcom 131061Z1 - Cotton yarn of uncombed fibres, n.p.r.s.

• Prodcom 131061Z2 - Cotton yarn of combed fibres, n.p.r.s.

• Prodcom 13106132 - Yarn of uncombed cotton, n.p.r.s., for woven fabrics (excluding for carpets and floor coverings)

• Prodcom 13106133 - Yarn of uncombed cotton, n.p.r.s., for knitted fabrics and hosiery

• Prodcom 13106135 - Yarn of uncombed cotton, n.p.r.s., for other uses (including carpets and floor coverings)

• Prodcom 13106152 - Yarn of combed cotton, n.p.r.s., for woven fabrics (excluding for carpets and floor coverings)

• Prodcom 13106153 - Yarn of combed cotton, n.p.r.s., for knitted fabrics and hosiery

• Prodcom 13106155 - Yarn of combed cotton, n.p.r.s., for other uses (including carpets and floor coverings)

Country coverage:

• Benin

• Burkina Faso

• Cabo Verde

• Cote d'Ivoire

• Gambia

• Ghana

• Guinea

• Guinea-Bissau

• Liberia

• Mali

• Niger

• Nigeria

• Senegal

• Sierra Leone

• Togo

Data coverage:

• Market volume and value

• Per Capita consumption

• Forecast of the market dynamics in the medium term

• Production in ECOWAS, split by region and country

• Trade (exports and imports) in ECOWAS

• Export and import prices

• Market trends, drivers and restraints

• Key market players and their profiles

Reasons to buy this report:

• Take advantage of the latest data

• Find deeper insights into current market developments

• Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

1. How to diversify your business and benefit from new market opportunities

2. How to load your idle production capacity

3. How to boost your sales on overseas markets

4. How to increase your profit margins

5. How to make your supply chain more sustainable

6. How to reduce your production and supply chain costs

7. How to outsource production to other countries

8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1

REPORT DESCRIPTION

1.2

RESEARCH METHODOLOGY AND AI PLATFORM

1.3

DATA-DRIVEN DECISIONS FOR YOUR BUSINESS

1.4

REPORT DESCRIPTION

2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance