Europe: Cotton Yarn Market 2024

Cotton Yarn Market Size in Europe

The Europe cotton yarn market dropped modestly to $X in 2022, stabilizing at the previous year. In general, consumption continues to indicate a slight decrease. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Cotton Yarn Production in Europe

In value terms, cotton yarn production stood at $X in 2022 estimated in export price. Over the period under review, production, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Cotton Yarn Exports

Exports in Europe

In 2022, approx. X tons of cotton yarn were exported in Europe; which is down by X% compared with the year before. Over the period under review, exports continue to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, cotton yarn exports declined to $X in 2022. Overall, exports showed a mild decrease. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Spain (X tons) and Italy (X tons) represented roughly X% of total exports in 2022. Germany (X tons) held the next position in the ranking, followed by Portugal (X tons), Belarus (X tons), Poland (X tons) and Belgium (X tons). All these countries together took near X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Belarus (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) remains the largest cotton yarn supplier in Europe, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with a X% share of total exports. It was followed by Spain, with a X% share.

In Italy, cotton yarn exports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Germany (X% per year) and Spain (X% per year).

Export Prices by Country

In 2022, the export price in Europe amounted to $X per ton, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 when the export price increased by X% against the previous year. The level of export peaked in 2022 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 Italy ($X per ton), while Belarus ($X per ton) was amongst the lowest.

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

Cotton Yarn Imports

Imports in Europe

In 2022, overseas purchases of cotton yarn decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of X%. The volume of import peaked at X tons in 2021, and then declined in the following year.

In value terms, cotton yarn imports expanded modestly to $X in 2022. Total imports indicated mild growth 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, imports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

Imports by Country

Russia represented the major importer of cotton yarn in Europe, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2022. Portugal (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Italy (X%) and Germany (X%). Poland (X tons), Spain (X tons), France (X tons), Belarus (X tons), the Czech Republic (X tons), the UK (X tons) and Ukraine (X tons) took a relatively small share 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 Russia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cotton yarn importing markets in Europe were Italy ($X), Portugal ($X) and Russia ($X), together accounting for X% of total imports.

In terms of the main importing countries, Russia, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Europe amounted to $X per ton, surging 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 attained 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 the Czech Republic ($X per ton), while Russia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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