MERCOSUR: Cotton Yarn Market 2022

Cotton Yarn Market Size in MERCOSUR

In general, consumption continues to indicate a relatively flat trend pattern.

Cotton Yarn Exports

Exports by Country

India (X tons) and Vietnam (X tons) represented the largest exporters of cotton yarn in 2021, recording approx. 26% and 22% of total exports, respectively. Uzbekistan (X tons) took a 9.4% share (based on physical terms) of total exports, which put it in second place, 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 finished at a 3.7% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Uzbekistan (with a CAGR of +222.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest cotton yarn supplying countries from X were India ($X), Vietnam ($X) and Uzbekistan ($X), together accounting for 54% of total exports.

Uzbekistan, with a CAGR of +222.0%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in X stood at less than $X per ton in 2021, leveling off at the previous year. In general, the export price saw a relatively flat trend pattern.

There were significant differences in the average prices amongst the major exporting countries. In 2021, 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 represented the largest importer of cotton yarn in the world, with the volume of imports finishing at X tons, which was approx. 44% of total imports in 2021. It was distantly followed by Bangladesh (X tons), Turkey (X tons), Honduras (X tons) and Hong Kong SAR (X tons), together committing a 17% share of total imports. 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 ($X) constitutes the largest market for imported cotton yarn into X, comprising 38% of global imports. The second position in the ranking was taken by Bangladesh ($X), with a 6.3% share of global imports. It was followed by Turkey, with a 5.2% share.

In China, cotton yarn imports increased at an average annual rate of +3.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: 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, therefore, remained relatively stable against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern.

There were significant differences in the average prices amongst the major importing countries. In 2021, 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

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