Global Cotton Yarn Market 2022

Cotton Yarn Market Size

In 2021, the global cotton yarn market increased by 2.9% to $X, rising for the fourth consecutive year after two years of decline. The market value increased at an average annual rate of +2.2% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the global market remained at a somewhat lower figure.

Cotton Yarn Production

In value terms, cotton yarn production amounted to $X in 2021 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by 5.2%. Global production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Cotton Yarn Exports

Exports

In 2021, shipments abroad of cotton yarn increased by 16% to X tons for the first time since 2018, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +2.6% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2013 when exports increased by 19%. The global exports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, cotton yarn exports surged to $X in 2021. The total export value increased at an average annual rate of +1.5% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The global exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

India (X tons) and Vietnam (X tons) represented the main exporters of cotton yarn in 2021, resulting at approx. 26% and 22% of total exports, respectively. Uzbekistan (X tons) ranks next in terms of the total exports with a 9.4% share, followed by Pakistan (7.8%), the United States (6.9%), China (5.7%), Turkey (4.7%) and Indonesia (4.6%).

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 global leaders experienced more modest paces of growth.

In value terms, India ($X), Vietnam ($X) and Uzbekistan ($X) appeared to be the countries with the highest levels of exports in 2021, together accounting for 54% of global exports.

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

Export Prices by Country

In 2021, the average cotton yarn export price amounted to $X per ton, with an increase of 27% against the previous year. In general, the export price, however, saw a mild curtailment. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+1.1%), while the other global leaders experienced more modest paces of growth.

Cotton Yarn Imports

Imports

In 2021, purchases abroad of cotton yarn was finally on the rise to reach X tons after two years of decline. The total import volume increased at an average annual rate of +2.6% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of 20%. Over the period under review, global imports attained the maximum at X tons in 2015; afterwards, it flattened through to 2021.

In value terms, cotton yarn imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.1% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Global imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) was the largest importer of cotton yarn, creating 44% of total imports. Bangladesh (X tons) ranks second in terms of the total imports with a 6.5% share, followed by Turkey (5.1%) and Honduras (4.7%). Russia (X tons), South Korea (X tons), Portugal (X tons), the Dominican Republic (X tons), Guatemala (X tons), Vietnam (X tons) and Italy (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. While the share of China (+7.5 p.p.) and Turkey (+2.5 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported cotton yarn worldwide, comprising 38% of global imports. The second position in the ranking was held by Bangladesh ($X), with a 6.3% share of global imports. It was followed by Turkey, with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China totaled +3.5%. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (+1.9% per year) and Turkey (+9.9% per year).

Import Prices by Country

The average cotton yarn import price stood at $X per ton in 2021, increasing by 23% against the previous year. Over the period under review, the import price, however, showed a slight reduction. Global import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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 Honduras (+0.4%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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