Asia: Cotton Yarn Market 2022

Cotton Yarn Market Size in Asia

The Asian cotton yarn market totaled $X in 2021, approximately equating the previous year. The market value increased at an average annual rate of +3.4% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. Over the period under review, the market reached the peak level in 2021 and is likely to see steady growth in the near future.

Cotton Yarn Production in Asia

In value terms, cotton yarn production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.4% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 9% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Cotton Yarn Exports

Exports in Asia

In 2021, approx. X tons of cotton yarn were exported in Asia; surging by 13% on the year before. The total export volume increased at an average annual rate of +3.5% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2013 when exports increased by 22%. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, cotton yarn exports soared to $X in 2021. The total export value increased at an average annual rate of +2.4% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

India (X tons) and Vietnam (X tons) represented the main exporters of cotton yarn in 2021, reaching near 30% and 25% of total exports, respectively. Uzbekistan (X tons) took the next position in the ranking, followed by Pakistan (X tons), China (X tons), Turkey (X tons) and Indonesia (X tons). All these countries together took approx. 37% share of total exports. The following exporters - Taiwan (Chinese) (X tons) and Turkmenistan (X tons) - each reached a 3.2% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Uzbekistan (with a CAGR of +222.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest cotton yarn supplying countries in Asia were India ($X), Vietnam ($X) and Uzbekistan ($X), together comprising 63% of total exports.

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

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, picking up by 29% against the previous year. Overall, the export price, however, showed a slight setback. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was China ($X per ton), while Turkmenistan ($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 leaders experienced more modest paces of growth.

Cotton Yarn Imports

Imports in Asia

In 2021, overseas purchases of cotton yarn increased by 10% to X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +2.9% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2013 when imports increased by 27% against the previous year. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, cotton yarn imports surged to $X in 2021. The total import value increased at an average annual rate of +1.2% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

China prevails in imports structure, accounting for X tons, which was approx. 64% of total imports in 2021. It was distantly followed by Bangladesh (X tons), Turkey (X tons) and South Korea (X tons), together constituting a 23% share of total imports. Vietnam (X tons) followed a long way behind the leaders.

Imports into China increased at an average annual rate of +4.8% from 2012 to 2021. At the same time, Turkey (+10.6%), 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 Asia, with a CAGR of +10.6% from 2012-2021. China (+9.5 p.p.), Turkey (+3.5 p.p.) and Bangladesh (+1.8 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported cotton yarn in Asia, comprising 58% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a 9.7% share of total imports. It was followed by Turkey, with an 8% share.

In China, cotton yarn imports expanded at an average annual rate of +3.5% over the period from 2012-2021. 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

In 2021, the import price in Asia amounted to $X per ton, with an increase of 24% against the previous year. Overall, the import price, however, showed a mild contraction. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Vietnam ($X per ton) and South Korea ($X per ton), while China ($X per ton) and Bangladesh ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (-0.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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