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World - Cotton Yarn - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

World - Cotton Yarn - Market Analysis, Forecast, Size, Trends And Insights

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Dec 29, 2020

Global Cotton Yarn Market Slipped Back Slightly to $77B

IndexBox has just published a new report: 'World - Cotton Yarn - Market Analysis, Forecast, Size, Trends And Insights'. Here is a summary of the report's key findings.

After two years of growth, the global cotton yarn market decreased by -2.8% to $77.2B in 2019. Overall, consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the market value increased by 18% y-o-y. Global consumption peaked at $81B in 2013; however, from 2014 to 2019, consumption remained at a lower figure.

Consumption by Country

The countries with the highest volumes of cotton yarn consumption in 2019 were China (8.1M tons), India (4.3M tons), and Pakistan (3.2M tons), together comprising 74% of global consumption.

From 2013 to 2019, the biggest increases were in India, while cotton yarn consumption for the other global leaders experienced more modest paces of growth.

In value terms, China ($38.9B) led the market, alone. The second position in the ranking was occupied by India ($12.8B). It was followed by Pakistan.

The countries with the highest levels of cotton yarn per capita consumption in 2019 were Pakistan (16 kg per person), Turkey (16 kg per person) and South Korea (7.55 kg per person).

China remains the global leader in terms of cotton yarn production and consumption. The Chinese textile industry has experienced a rapid transformation over the last two decades. Thus, there was a boom in the synthetic yarn industry in China since the late 1990-s, while cotton yarn output remained relatively stable. This was driven by the strong development of the construction sector in China, particularly, infrastructure and urban construction, amid the strong growth of the economy and rapid urbanization. Rising construction required lots of non-woven synthetic fabrics used as geotextiles and as a component for the production of composite materials. Another impact comes from the increased availability of synthetic fibers due to the rising oil consumption, with the raw materials for fibers constituting a by-product of petroleum distillation.

Given those factors, the production of synthetic fiber apparel also grew. By contrast, cotton yarn output remained relatively stable because it is used only for human apparel, and it was pressured by the rising supply of synthetic fibers. This led to the fact that the share of cotton yarn in terms of the total yarn output in China contracted from near 50% in 2000 to near 22% in 2019. This, however, constitutes a tangible figure of 6.4M tons.

With this figure, China heads global cotton yarn production. Other countries with the highest volumes of cotton yarn production in 2019 include India (5.3M tons) and Pakistan (3.7M tons); together with China, these three countries comprise a combined 72% share of global production. Turkey, Vietnam, the U.S. and Brazil lagged somewhat behind, together comprising a further 16% (IndexBox estimates).

From 2013 to 2019, the most notable rate of growth in terms of cotton yarn production, amongst the leading producing countries, was attained by Vietnam (+24.2%), while cotton yarn production for the other global leaders experienced more modest paces of growth.

Imports

In 2019, approx. 4.5M tons of cotton yarn were imported worldwide; which is down by -3.1% compared with the year before. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 8.6% year-to-year. As a result, imports attained a peak of 4.8M tons. From 2016 to 2019, the growth of global imports remained at a somewhat lower figure. In value terms, cotton yarn imports dropped to $13.7B (IndexBox estimates) in 2019.

China was the key importer of cotton yarn in the world, with the volume of imports resulting at 2M tons, which was near 45% of total imports in 2019. Bangladesh (248K tons) held a 5.5% share (based on tons) of total imports, which put it in second place, followed by Honduras (5.3%) and Turkey (4.7%). Russia (171K tons), South Korea (142K tons), Portugal (106K tons), the Dominican Republic (106K tons), Hong Kong SAR (103K tons), Vietnam (93K tons) and Egypt (92K tons) held a relatively small share of total imports.

China experienced a relatively flat trend pattern with regard to the volume of imports of cotton yarn. At the same time, the Dominican Republic (+13.7%), Vietnam (+13.1%), Turkey (+8.4%), Russia (+5.8%), Egypt (+4.0%), Bangladesh (+3.9%), Portugal (+2.0%) and Honduras (+1.8%) displayed positive paces of growth. Moreover, the Dominican Republic emerged as the fastest-growing importer imported in the world, with a CAGR of +13.7% from 2013-2019. By contrast, South Korea (-2.8%) and Hong Kong SAR (-20.0%) illustrated a downward trend over the same period.

In value terms, China ($5.6B) constitutes the largest market for imported cotton yarn worldwide, comprising 41% of global imports. The second position in the ranking was occupied by Bangladesh ($772M), with a 5.6% share of global imports. It was followed by Honduras, with a 5.4% share.

From 2013 to 2019, the average annual rate of growth in terms of value in China amounted to -1.3%. In the other countries, the average annual rates were as follows: Bangladesh (-1.6% per year) and Honduras (+3.0% per year).

Import Prices by Country

The average cotton yarn import price stood at $3,064 per ton in 2019, with a decrease of -5.4% against the previous year. Over the period under review, the import price showed a perceptible setback. The most prominent rate of growth was recorded in 2017 when the average import price increased by 4.1% y-o-y. Over the period under review, average import prices hit record highs at $3,660 per ton in 2013; however, from 2014 to 2019, import prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Hong Kong SAR ($4,190 per ton), while Russia ($1,901 per ton) was amongst the lowest.

From 2013 to 2019, the most notable rate of growth in terms of prices was attained by Honduras, while the other global leaders experienced a decline in the import price figures.

Source: IndexBox Market Intelligence 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.

Product coverage:

  • Prodcom 13106160 - Cotton yarn, p.r.s. (excluding sewing thread)
  • Prodcom 131061Z1 - Cotton yarn of uncombed fibres, n.p.r.s.
  • Prodcom 131061Z2 - Cotton yarn of combed fibres, n.p.r.s.
  • Prodcom 13106132 - Yarn of uncombed cotton, n.p.r.s., for woven fabrics (excluding for carpets and floor coverings)
  • Prodcom 13106133 - Yarn of uncombed cotton, n.p.r.s., for knitted fabrics and hosiery
  • Prodcom 13106135 - Yarn of uncombed cotton, n.p.r.s., for other uses (including carpets and floor coverings)
  • Prodcom 13106152 - Yarn of combed cotton, n.p.r.s., for woven fabrics (excluding for carpets and floor coverings)
  • Prodcom 13106153 - Yarn of combed cotton, n.p.r.s., for knitted fabrics and hosiery
  • Prodcom 13106155 - Yarn of combed cotton, n.p.r.s., for other uses (including carpets and floor coverings)

Country coverage:

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

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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