Global Cotton Fabric Market 2024

Cotton Fabric Market Size

In 2023, the global cotton fabric market increased by X% to $X, rising for the third year in a row after two years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, consumption attained the peak level of $X. From 2017 to 2023, the growth of the global market failed to regain momentum.

Cotton Fabric Production

In value terms, cotton fabric production stood at $X in 2023 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. Global production peaked at $X in 2019; however, from 2020 to 2023, production stood at a somewhat lower figure.

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Cotton Fabric Exports

Exports

In 2023, shipments abroad of woven fabrics of cotton decreased by X% to X square meters for the first time since 2020, thus ending a two-year rising trend. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when exports increased by X%. Over the period under review, the global exports reached the maximum at X square meters in 2016; however, from 2017 to 2023, the exports failed to regain momentum.

In value terms, cotton fabric exports fell significantly to $X in 2023. In general, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2023, the growth of the global exports failed to regain momentum.

Exports by Country

In 2023, China (X square meters) was the major exporter of woven fabrics of cotton, creating X% of total exports. It was distantly followed by Pakistan (X square meters) and India (X square meters), together committing an X% share of total exports. Turkey (X square meters) followed a long way behind the leaders.

China experienced a relatively flat trend pattern with regard to volume of exports of woven fabrics of cotton. At the same time, India (X%) and Pakistan (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2023. Turkey experienced a relatively flat trend pattern. From 2012 to 2023, the share of Pakistan and India increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest cotton fabric supplier worldwide, comprising X% of global exports. The second position in the ranking was held by India ($X), with an X% share of global exports. It was followed by Pakistan, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in China was relatively modest. In the other countries, the average annual rates were as follows: India (X% per year) and Pakistan (X% per year).

Export Prices by Country

The average cotton fabric export price stood at $X per square meter in 2023, reducing by X% against the previous year. Over the period under review, the export price recorded a mild reduction. The pace of growth appeared the most rapid in 2018 when the average export price increased by X%. The global export price peaked at $X per square meter in 2014; however, from 2015 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was India ($X per square meter), while Pakistan ($X per square meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the other global leaders experienced a decline in the export price figures.

Cotton Fabric Imports

Imports

In 2023, after two years of growth, there was significant decline in overseas purchases of woven fabrics of cotton, when their volume decreased by X% to X square meters. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by X%. As a result, imports reached the peak of X square meters. From 2014 to 2023, the growth of global imports remained at a somewhat lower figure.

In value terms, cotton fabric imports dropped to $X in 2023. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. Global imports peaked at $X in 2014; however, from 2015 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Bangladesh (X square meters), distantly followed by Vietnam (X square meters) represented the largest importers of woven fabrics of cotton, together achieving X% of total imports. Mali (X square meters), the United States (X square meters), Italy (X square meters), Indonesia (X square meters), South Korea (X square meters), Cambodia (X square meters), China (X square meters), Turkey (X square meters), Sri Lanka (X square meters), Myanmar (X square meters) and Morocco (X square meters) held a minor share of total imports.

Bangladesh experienced a relatively flat trend pattern with regard to volume of imports of woven fabrics of cotton. At the same time, Myanmar (X%), Cambodia (X%), Morocco (X%) and Vietnam (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2023. South Korea, Italy, Mali and Sri Lanka experienced a relatively flat trend pattern. By contrast, the United States (X%), Indonesia (X%), China (X%) and Turkey (X%) illustrated a downward trend over the same period. Myanmar (X p.p.), Vietnam (X p.p.) and Cambodia (X p.p.) significantly strengthened its position in terms of the global imports, while Indonesia saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Bangladesh ($X) constitutes the largest market for imported woven fabrics of cotton worldwide, comprising X% of global imports. The second position in the ranking was taken by Vietnam ($X), with an X% share of global imports. It was followed by Indonesia, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Bangladesh stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Indonesia (X% per year).

Import Prices by Country

In 2023, the average cotton fabric import price amounted to $X per square meter, shrinking by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per square meter in 2014; however, from 2015 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Sri Lanka ($X per square meter), while Myanmar ($X per square meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Mali (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform