Austria: Market for Cotton (Carded Or Combed) 2024

Market Size for Cotton (Carded Or Combed) in Austria

In 2022, after two years of decline, there was growth in the Austrian cotton (carded or combed) market, when its value increased by 4.3% to $X. Over the period under review, consumption, however, recorded a pronounced reduction. Cotton (carded or combed) consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Exports of Cotton (Carded Or Combed)

Exports from Austria

Cotton (carded or combed) exports from Austria fell markedly to X tons in 2022, which is down by -54.4% compared with the year before. In general, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 298%. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, cotton (carded or combed) exports contracted significantly to $X in 2022. Over the period under review, exports, however, enjoyed pronounced growth. The growth pace was the most rapid in 2018 with an increase of 495% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Italy (X tons) was the main destination for cotton (carded or combed) exports from Austria, accounting for a 88% share of total exports. Moreover, cotton (carded or combed) exports to Italy exceeded the volume sent to the second major destination, Switzerland (X kg), more than tenfold. Germany (X kg) ranked third in terms of total exports with a 4.7% share.

From 2012 to 2022, the average annual growth rate of volume to Italy stood at -22.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+25.4% per year) and Germany (-25.2% per year).

In value terms, Italy ($X) remains the key foreign market for cotton (carded or combed) exports from Austria, comprising 89% of total exports. The second position in the ranking was taken by Germany ($X), with a 7.9% share of total exports. It was followed by Switzerland, with a 2.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Italy totaled -20.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-16.0% per year) and Switzerland (+20.1% per year).

Export Prices by Country

The average cotton (carded or combed) export price stood at $X per ton in 2022, dropping by -8.3% against the previous year. Overall, the export price, however, posted a temperate increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 49% against the previous year. The export price peaked at $X per ton in 2021, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Serbia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+12.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Cotton (Carded Or Combed)

Imports into Austria

In 2022, after two years of decline, there was significant growth in overseas purchases of cotton (carded or combed), when their volume increased by 7.5% to X tons. Overall, imports, however, continue to indicate a pronounced shrinkage. The growth pace was the most rapid in 2016 with an increase of 61% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, cotton (carded or combed) imports plummeted to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by 220% against the previous year. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Germany (X tons) was the main supplier of cotton (carded or combed) to Austria, accounting for a 90% share of total imports. Moreover, cotton (carded or combed) imports from Germany exceeded the figures recorded by the second-largest supplier, Portugal (X tons), more than tenfold. Pakistan (X kg) ranked third in terms of total imports with a 1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+30.1% per year) and Pakistan (-20.2% per year).

In value terms, Germany ($X) constituted the largest supplier of cotton (carded or combed) to Austria, comprising 82% of total imports. The second position in the ranking was taken by Italy ($X), with an 8.7% share of total imports. It was followed by France, with a 4.7% share.

From 2012 to 2022, the average annual growth rate of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+9.8% per year) and France (-26.3% per year).

Import Prices by Country

In 2022, the average cotton (carded or combed) import price amounted to $X per ton, declining by -38.9% against the previous year. In general, the import price, however, posted a notable increase. The most prominent rate of growth was recorded in 2013 an increase of 149% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+20.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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