Ireland: Overview of the Market for Cotton Lint 2019

Market Size for Cotton Lint in Ireland

The revenue of the market for cotton lint in Ireland amounted to $X in 2018, waning by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption of cotton lint continues to indicate a sharp decline. The pace of growth appeared the most rapid in 2008 with an increase of X% year-to-year. In that year, the market for cotton lint and cotton seed attained its peak level of $X. From 2009 to 2018, the growth of the market for cotton lint and cotton seed failed to regain its momentum.

Exports of Cotton Lint

Exports from Ireland

In 2018, approx. X tonnes of cotton lint were exported from Ireland; shrinking by -X% against the previous year. In general, exports of cotton lint, however, continue to indicate a strong increase. The growth pace was the most rapid in 2008 when exports increased by X% y-o-y. Over the period under review, exports of cotton lint attained their peak figure at X tonnes in 2009; however, from 2010 to 2018, exports remained at a lower figure.

In value terms, exports of cotton lint stood at $X in 2018. Over the period under review, exports of cotton lint, however, continue to indicate a precipitous contraction. The pace of growth appeared the most rapid in 2008 with an increase of X% year-to-year. Exports peaked at $X in 2009; however, from 2010 to 2018, exports stood at a somewhat lower figure.

Exports by Country

Gibraltar (X tonnes), Sweden (X tonnes) and Germany (X kg) were the main destinations of exports of cotton lint from Ireland, together accounting for X% of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Sweden, while the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Morocco ($X) and Gibraltar ($X) were the largest markets for cotton lint and cotton seed exported from Ireland worldwide, together comprising X% of total exports. Germany lagged somewhat behind, accounting for a further X recorded the highest growth rate of exports, in terms of the main countries of destination over the last eleven years, while the other leaders experienced a decline.

Export Prices by Country

In 2018, the average export price for cotton lint amounted to $X per tonne, shrinking by -X% against the previous year. Overall, the export price for cotton lint continues to indicate a dramatic downturn. The growth pace was the most rapid in 2010 an increase of X% year-to-year. Over the period under review, the average export prices for cotton lint attained their peak figure at $X per tonne in 2007; however, from 2008 to 2018, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Morocco ($X per tonne), while the average price for exports to Gibraltar ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Germany, while the prices for the other major destinations experienced a decline.

Imports of Cotton Lint

Imports into Ireland

In 2018, the amount of cotton lint imported into Ireland stood at X tonnes, shrinking by -X% against the previous year. In general, imports of cotton lint continue to indicate a dramatic contraction. The pace of growth appeared the most rapid in 2008 with an increase of X% against the previous year. In that year, imports of cotton lint attained their peak of X tonnes. From 2009 to 2018, the growth of imports of cotton lint failed to regain its momentum.

In value terms, imports of cotton lint amounted to $X in 2018. Over the period under review, imports of cotton lint continue to indicate a sharp slump. The pace of growth appeared the most rapid in 2008 with an increase of X% year-to-year. In that year, imports of cotton lint attained their peak of $X. From 2009 to 2018, the growth of imports of cotton lint remained at a lower figure.

Imports by Country

In 2018, Pakistan (X tonnes) constituted the largest cotton lint and cotton seed supplier to Ireland, accounting for a X% share of total imports. Moreover, imports of cotton lint from Pakistan exceeded the figures recorded by the second-largest supplier, Indonesia (X tonnes), threefold. The third position in this ranking was occupied by the U.S. (X tonnes), with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume from Pakistan amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (-X% per year) and the U.S. (-X% per year).

In value terms, Pakistan ($X) constituted the largest supplier of cotton lint and cotton seed to Ireland, comprising X% of total imports of cotton lint. The second position in the ranking was occupied by Indonesia ($X), with a X% share of total imports. It was followed by the U.S., with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value from Pakistan stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (-X% per year) and the U.S. (-X% per year).

Import Prices by Country

The average import price for cotton lint stood at $X per tonne in 2018, going down by -X% against the previous year. In general, the import price for cotton lint continues to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2016 when the average import price increased by X% year-to-year. In that year, the average import prices for cotton lint reached their peak level of $X per tonne. From 2017 to 2018, the growth in terms of the average import prices for cotton lint remained at a lower figure.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by India, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform