Global Cotton Yarn Market Report 2024 - Prices, Size, Forecast, and Companies

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In 2023, the global cotton yarn market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. In general, consumption recorded a relatively flat trend pattern. Global consumption peaked at $X in 2022, and then reduced in the following year.

In value terms, cotton yarn production dropped significantly to $X in 2023 estimated in export price. Over the period under review, production showed a mild setback. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Global production peaked at $X in 2022, and then contracted sharply in the following year.

In 2023, global exports of cotton yarn totaled X tons, increasing by X% against the year before. The total export volume increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the global exports hit record highs at X tons in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, cotton yarn exports shrank slightly to $X in 2023. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2022 to 2023, the growth of the global exports failed to regain momentum.

India (X tons) and Vietnam (X tons) represented roughly X% of total exports in 2023. It was distantly followed by Uzbekistan (X tons), Pakistan (X tons), the United States (X tons), China (X tons) and Indonesia (X tons), together achieving a X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Vietnam (with a CAGR of X%), 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 2023, with a combined X% share of global exports.

Uzbekistan, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

The average cotton yarn export price stood at $X per ton in 2023, shrinking by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2022, and then shrank in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2023, major exporting countries recorded the following prices: in China ($X per ton) and Indonesia ($X per ton), while Pakistan ($X per ton) and Vietnam ($X per ton) were amongst the lowest.

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

In 2023, global cotton yarn imports expanded significantly to X tons, increasing by X% on the year before. The total import volume increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of X%. Global imports peaked at X tons in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, cotton yarn imports contracted to $X in 2023. Over the period under review, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X%. Global imports peaked at $X in 2013; however, from 2014 to 2023, imports remained at a lower figure.

China was the major importing country with an import of around X tons, which accounted for X% of total imports. Bangladesh (X tons) ranks second in terms of the total imports with an X% share, followed by Honduras (X%) and Turkey (X%). Russia (X tons), South Korea (X tons), Vietnam (X tons), Portugal (X tons), the Dominican Republic (X tons) and Egypt (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to cotton yarn imports into China stood at X%. At the same time, Russia (X%), Turkey (X%), Bangladesh (X%), the Dominican Republic (X%), Vietnam (X%), Portugal (X%) and South Korea (X%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2023. Honduras and Egypt experienced a relatively flat trend pattern. From 2012 to 2023, the share of Bangladesh, Russia, Turkey and China increased by X, X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

In China, cotton yarn imports remained relatively stable over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (X% per year) and Honduras (X% per year).

In 2023, the average cotton yarn import price amounted to $X per ton, dropping by X% against the previous year. In general, the import price showed a slight decline. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Dominican Republic ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Egypt (X%), while the other global leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

This report provides an in-depth analysis of the global cotton yarn market. 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 2030.

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

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 Importers on The Market and How They Succeed

The Largest Exporters on The Market and How They Succeed

The Largest Producers on The Market and Their Profiles

The Largest Markets And Their Profiles

This report provides an in-depth analysis of the cotton yarn market in Asia.

This report provides an in-depth analysis of the cotton yarn market in the U.S..

This report provides an in-depth analysis of the cotton yarn market in China.

This report provides an in-depth analysis of the cotton yarn market in the EU.