Pakistan: Cotton Lint Market 2024

Cotton Lint Market Size in Pakistan

The Pakistani cotton lint market contracted to $X in 2022, reducing by X% against the previous year. Overall, consumption, however, continues to indicate a abrupt decline. Cotton lint consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Cotton Lint Production in Pakistan

In value terms, cotton lint production reduced to $X in 2022 estimated in export price. Overall, production, however, showed a drastic downturn. The growth pace was the most rapid in 2021 when the production volume increased by X%. Cotton lint production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

In 2022, the average cotton lint yield in Pakistan expanded to X tons per ha, growing by X% against 2021 figures. Overall, the yield, however, continues to indicate a perceptible decrease. The pace of growth was the most pronounced in 2016 when the yield increased by X%. Over the period under review, the average cotton lint yield reached the maximum level at X tons per ha in 2014; however, from 2015 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of cotton lint in Pakistan totaled X ha, increasing by X% against the previous year's figure. Over the period under review, the harvested area, however, showed a noticeable reduction. The growth pace was the most rapid in 2017 with an increase of X%. The cotton lint harvested area peaked at X ha in 2014; however, from 2015 to 2022, the harvested area remained at a lower figure.

Cotton Lint Exports

Exports from Pakistan

In 2022, overseas shipments of cotton lint increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, continue to indicate a dramatic slump. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, cotton lint exports skyrocketed to $X in 2022. Over the period under review, exports, however, faced a dramatic decrease. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Bangladesh (X tons) was the main destination for cotton lint exports from Pakistan, with a X% share of total exports. Moreover, cotton lint exports to Bangladesh exceeded the volume sent to the second major destination, Vietnam (X tons), sixfold.

From 2012 to 2022, the average annual growth rate of volume to Bangladesh totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (X% per year) and Indonesia (X% per year).

In value terms, Bangladesh ($X) remains the key foreign market for cotton lint exports from Pakistan, comprising X% of total exports. The second position in the ranking was held by Vietnam ($X), with an X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Bangladesh amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (X% per year) and Indonesia (X% per year).

Export Prices by Country

In 2022, the average cotton lint export price amounted to $X per ton, waning by X% against the previous year. Over the period under review, the export price saw a mild shrinkage. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then dropped markedly in the following year.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Bangladesh ($X per ton), while the average price for exports to Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (X%), while the prices for the other major destinations experienced mixed trend patterns.

Cotton Lint Imports

Imports into Pakistan

After two years of growth, supplies from abroad of cotton lint decreased by X% to X tons in 2022. Overall, imports, however, continue to indicate a prominent increase. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. Imports peaked at X tons in 2021, and then contracted in the following year.

In value terms, cotton lint imports reached $X in 2022. Over the period under review, imports, however, recorded a prominent increase. The pace of growth appeared the most rapid in 2020 with an increase of X%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

The United States (X tons), Brazil (X tons) and Afghanistan (X tons) were the main suppliers of cotton lint imports to Pakistan, with a combined X% share of total imports. Cote d'Ivoire, Sudan, Australia, Mexico, Turkey, Argentina, Tanzania, Greece, Benin and Togo lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Cote d'Ivoire (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Brazil ($X) and Afghanistan ($X) were the largest cotton lint suppliers to Pakistan, with a combined X% share of total imports. Cote d'Ivoire, Australia, Turkey, Sudan, Tanzania, Mexico, Argentina, Benin, Greece and Togo lagged somewhat behind, together accounting for a further X%.

Cote d'Ivoire, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average cotton lint import price stood at $X per ton in 2022, surging by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for Togo ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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