Ireland: Overview of the Market for Cotton Lint 2021

Market Size for Cotton Lint in Ireland

In 2019, the Irish market for cotton lint increased by X% to $X, rising for the second consecutive year after four years of decline. Over the period under review, consumption, however, showed a mild curtailment. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. Over the period under review, the market reached the peak level at $X in 2008; however, from 2009 to 2019, consumption remained at a lower figure.

Exports of Cotton Lint

Exports from Ireland

Cotton lint and cotton seed exports from Ireland was estimated at X tonnes in 2019, remaining constant against 2018. Over the period under review, exports continue to indicate a dramatic decrease. Exports peaked at X tonnes in 2010; however, from 2011 to 2019, exports failed to regain the momentum.

In value terms, cotton lint and cotton seed exports totaled $X in 2019. Overall, exports continue to indicate a precipitous slump. Over the period under review, and cotton seed exports attained the peak figure at $X in 2010; however, from 2011 to 2019, exports failed to regain the momentum.

Exports by Country

Morocco (X kg) was the main destination for cotton lint and cotton seed exports from Ireland, accounting for a X% share of total exports. Moreover, cotton lint and cotton seed exports to Morocco exceeded the volume sent to the second major destination, Sweden (X kg), twofold. The UK (X kg) ranked third in terms of total exports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume to Morocco stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (-X% per year) and the UK (-X% per year).

It was followed by Sweden, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value to Morocco totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-X% per year) and Sweden (-X% per year).

Export Prices by Country

The average export price for cotton lint stood at $X per tonne in 2019, approximately reflecting the previous year. Overall, the export price saw a relatively flat trend pattern. Over the period under review, average export prices hit record highs in 2019 and is expected to retain growth in years to come.

Prices varied noticeably by the country of destination; the country with the highest price was the UK ($X per tonne), while the average price for exports to Sweden ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cotton Lint

Imports into Ireland

In 2019, overseas purchases of cotton lint increased by X% to X tonnes, rising for the second year in a row after four years of decline. Over the period under review, imports, however, continue to indicate a noticeable contraction. Over the period under review, and cotton seed imports attained the peak figure at X tonnes in 2008; however, from 2009 to 2019, imports stood at a somewhat lower figure.

In value terms, cotton lint and cotton seed imports surged to $X in 2019. Overall, imports, however, recorded a relatively flat trend pattern. Over the period under review, and cotton seed imports hit record highs at $X in 2008; however, from 2009 to 2019, imports remained at a lower figure.

Imports by Country

In 2019, Pakistan (X tonnes) constituted the largest cotton lint and cotton seed supplier to Ireland, accounting for a X% share of total imports. Moreover, cotton lint and cotton seed imports from Pakistan exceeded the figures recorded by the second-largest supplier, Portugal (X tonnes), twofold. The U.S. (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from Pakistan totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (X% per year) and the U.S. (+X% per year).

In value terms, the largest cotton lint and cotton seed suppliers to Ireland were Portugal ($X), Pakistan ($X) and the U.S. ($X), with a combined X% share of total imports.

Among the main suppliers, the U.S. saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for cotton lint stood at $X per tonne in 2019, declining by -X% against the previous year. Over the period under review, the import price, however, posted a moderate increase. The most prominent rate of growth was recorded in 2016 an increase of X% y-o-y. The import price peaked at $X per tonne in 2017; however, from 2018 to 2019, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per tonne), while the price for Pakistan ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Portugal, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cotton lint in the world?

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The countries with the highest volumes of cotton lint and cotton seed consumption in 2019 were China (1.5M tonnes), Viet Nam (1.3M tonnes) and Bangladesh (1.1M tonnes), with a combined 35% share of global consumption. These countries were followed by Uzbekistan, Australia, Turkey, Indonesia, Pakistan, Burkina Faso, Turkmenistan, the U.S., Thailand and Malaysia, which together accounted for a further 43%.

What are the largest producers of cotton lint in the world?

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The country with the largest volume of cotton lint and cotton seed production was the U.S. (3.8M tonnes), comprising approx. 32% of total volume. Moreover, cotton lint and cotton seed production in the U.S. exceeded the figures recorded by the second-largest producer, Brazil (1.7M tonnes), twofold. Australia (1.4M tonnes) ranked third in terms of total production with a 12% share.

What are the leading suppliers of cotton lint to Ireland?

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In value terms, Portugal ($461K), Pakistan ($281K) and the U.S. ($91K) were the largest cotton lint and cotton seed suppliers to Ireland, with a combined 95% share of total imports.

What are the leading importers of cotton lint from Ireland?

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It was followed by Sweden, with a 7.8% share.

What is the average export price for cotton lint in Ireland?

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In 2019, the average export price for cotton lint amounted to $2,021 per tonne, standing approx. at the previous year.

What is the average import price for cotton lint in Ireland?

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The average import price for cotton lint stood at $3,925 per tonne in 2019, declining by -12.6% against the previous year.