
Singapore - Cotton Lint - Market Analysis, Forecast, Size, Trends and Insights
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Singapore: Overview of the Market for Cotton Lint 2021
Market Size for Cotton Lint in Singapore
In 2019, the Singaporean market for cotton lint was finally on the rise to reach $X for the first time since 2014, thus ending a four-year declining trend. Overall, consumption recorded a remarkable increase. The growth pace was the most rapid in 2013 when the market value increased by X% year-to-year. Over the period under review, the market attained the peak level in 2019 and is expected to retain growth in years to come.
Exports of Cotton Lint
Exports from Singapore
In 2019, approx. X tonnes of cotton lint were exported from Singapore; flattening at 2018. Over the period under review, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2010 with an increase of X% against the previous year. As a result, exports attained the peak of X tonnes. From 2011 to 2019, the growth and cotton seed exports remained at a somewhat lower figure.
In value terms, cotton lint and cotton seed exports amounted to $X in 2019. In general, exports continue to indicate noticeable growth. The growth pace was the most rapid in 2010 when exports increased by X% y-o-y. Exports peaked at $X in 2012; however, from 2013 to 2019, exports stood at a somewhat lower figure.
Exports by Country
Viet Nam (X tonnes) was the main destination for cotton lint and cotton seed exports from Singapore, with a X% share of total exports. Moreover, cotton lint and cotton seed exports to Viet Nam exceeded the volume sent to the second major destination, Bangladesh (X tonnes), twofold.
From 2007 to 2019, the average annual growth rate of volume to Viet Nam totaled +X%.
From 2007 to 2019, the average annual rate of growth in terms of value to Viet Nam totaled +X%.
Export Prices by Country
The average export price for cotton lint stood at $X per tonne in 2019, stabilizing at the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2011 when the average export price increased by X% year-to-year. Over the period under review, average export prices reached the peak figure at $X per tonne in 2014; however, from 2015 to 2019, export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination; the country with the highest price was Viet Nam ($X per tonne), while the average price for exports to Bangladesh totaled $X per tonne.
From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Viet Nam.
Imports of Cotton Lint
Imports into Singapore
In 2019, purchases abroad of cotton lint increased by X% to X tonnes for the first time since 2016, thus ending a two-year declining trend. Overall, imports enjoyed a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, cotton lint and cotton seed imports soared to $X in 2019. In general, imports showed a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Imports by Country
In 2019, Burkina Faso (X tonnes) constituted the largest supplier of cotton lint and cotton seed to Singapore, accounting for a X% share of total imports. Moreover, cotton lint and cotton seed imports from Burkina Faso exceeded the figures recorded by the second-largest supplier, Brazil (X tonnes), more than tenfold. Benin (X tonnes) ranked third in terms of total imports with a X% share.
From 2007 to 2019, the average annual rate of growth in terms of volume from Burkina Faso amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+X% per year) and Benin (+X% per year).
In value terms, Burkina Faso ($X) constituted the largest supplier of cotton lint and cotton seed to Singapore, comprising X% of total imports. The second position in the ranking was occupied by Brazil ($X), with a X% share of total imports. It was followed by Benin, with a X% share.
From 2007 to 2019, the average annual growth rate of value from Burkina Faso stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+X% per year) and Benin (+X% per year).
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 from 2007 to 2019, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2011 an increase of X% year-to-year. As a result, import price attained the peak level of $X per tonne. From 2012 to 2019, the growth in terms of the average import prices remained at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2019, the highest prices were recorded for prices from Cote d'Ivoire ($X per tonne) and Burkina Faso ($X per tonne), while the price for Zambia ($X per tonne) and Brazil ($X per tonne) were amongst the lowest.
From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Zambia, while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox AI Platform
Frequently Asked Questions (FAQ) :
What are the largest markets for cotton lint in the world?+
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. Uzbekistan, Australia, Turkey, Indonesia, Pakistan, Burkina Faso, Turkmenistan, the U.S., Thailand and Malaysia lagged somewhat behind, together comprising a further 43%.
What are the largest producers of cotton lint in the world?+
The U.S. (3.8M tonnes) constituted the country with the largest volume of cotton lint and cotton seed production, 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. The third position in this ranking was occupied by Australia (1.4M tonnes), with a 12% share.
What are the leading suppliers of cotton lint to Singapore?+
In value terms, Burkina Faso ($169M) constituted the largest supplier of cotton lint and cotton seed to Singapore, comprising 80% of total imports. The second position in the ranking was occupied by Brazil ($14M), with a 6.4% share of total imports. It was followed by Benin, with a 5.4% share.
What is the average export price for cotton lint in Singapore?+
The average export price for cotton lint stood at $1,899 per tonne in 2019, approximately equating the previous year.
What is the average import price for cotton lint in Singapore?+
The average import price for cotton lint stood at $1,662 per tonne in 2019, which is down by -3.3% against the previous year.
This report provides an in-depth analysis of the market for cotton lint and cotton seed in Singapore. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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