U.S.: Cotton Yarn Market 2022

Cotton Yarn Market Size in the U.S.

In 2021, the U.S. cotton yarn market decreased by -14.7% to $X for the first time since 2016, thus ending a four-year rising trend. In general, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then fell in the following year.

Cotton Yarn Production in the U.S.

In value terms, cotton yarn production reached $X in 2021. Overall, production, however, showed a slight curtailment. The most prominent rate of growth was recorded in 2014 when the production volume increased by 5.2% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Cotton Yarn Exports

Exports from the U.S.

After five years of decline, overseas shipments of cotton yarn increased by 32% to X tons in 2021. Over the period under review, exports, however, recorded a mild curtailment. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, cotton yarn exports skyrocketed to $X in 2021. Overall, exports, however, showed a perceptible decrease. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Honduras (X tons) was the main destination for cotton yarn exports from the United States, with a 54% share of total exports. Moreover, cotton yarn exports to Honduras exceeded the volume sent to the second major destination, the Dominican Republic (X tons), twofold. El Salvador (X tons) ranked third in terms of total exports with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Honduras was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (-1.0% per year) and El Salvador (-1.9% per year).

In value terms, Honduras ($X) remains the key foreign market for cotton yarn exports from the United States, comprising 55% of total exports. The second position in the ranking was held by the Dominican Republic ($X), with a 23% share of total exports. It was followed by El Salvador, with a 6.7% share.

From 2012 to 2021, the average annual growth rate of value to Honduras was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (-2.2% per year) and El Salvador (-3.3% per year).

Export Prices by Country

In 2021, the average cotton yarn export price amounted to $X per ton, surging by 9.6% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2021, the countries with the highest prices were Mexico ($X per ton) and Guatemala ($X per ton), while the average price for exports to Colombia ($X per ton) and Morocco ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+3.6%), while the prices for the other major destinations experienced a decline.

Cotton Yarn Imports

Imports into the U.S.

In 2021, cotton yarn imports into the United States surged to X tons, rising by 37% compared with the previous year. The total import volume increased at an average annual rate of +2.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, cotton yarn imports surged to $X in 2021. The total import value increased at an average annual rate of +1.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

India (X tons), South Korea (X tons) and Pakistan (X tons) were the main suppliers of cotton yarn imports to the United States, with a combined 57% share of total imports. Mexico, Indonesia, Turkey, Canada, El Salvador, Spain, China and Thailand lagged somewhat behind, together comprising a further 37%.

From 2012 to 2021, the biggest increases were in El Salvador (with a CAGR of +66.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X), South Korea ($X) and Mexico ($X) were the largest cotton yarn suppliers to the United States, with a combined 47% share of total imports. Pakistan, Canada, Turkey, China, Indonesia, Spain, El Salvador and Thailand lagged somewhat behind, together comprising a further 38%.

In terms of the main suppliers, El Salvador, with a CAGR of +43.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average cotton yarn import price stood at $X per ton in 2021, increasing by 5.9% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was China ($X per ton), while the price for El Salvador ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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