Austria: Cotton Lint Market 2024

Cotton Lint Market Size in Austria

The Austrian cotton lint market fell sharply to $X in 2022, waning by -72.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a abrupt curtailment. As a result, consumption attained the peak level of $X, and then dropped rapidly in the following year.

Cotton Lint Exports

Exports from Austria

For the seventh consecutive year, Austria recorded decline in shipments abroad of cotton lint, which decreased by -21.7% to X tons in 2022. Overall, exports faced a dramatic descent. The pace of growth was the most pronounced in 2015 with an increase of 0.7%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, cotton lint exports declined remarkably to $X in 2022. In general, exports saw a significant decline. The smallest decline of -5.3% was in 2014. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for cotton lint exports from Austria, accounting for a 90% share of total exports. Moreover, cotton lint exports to Germany exceeded the volume sent to the second major destination, Portugal (X tons), more than tenfold. Congo (X kg) ranked third in terms of total exports with a 2.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany stood at -24.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (-18.1% per year) and Congo (0.0% per year).

In value terms, Germany ($X) remains the key foreign market for cotton lint exports from Austria, comprising 78% of total exports. The second position in the ranking was held by Portugal ($X), with a 9.4% share of total exports. It was followed by Congo, with a 4.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany totaled -23.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (-23.3% per year) and Congo (0.0% per year).

Export Prices by Country

In 2022, the average cotton lint export price amounted to $X per ton, which is down by -16.5% against the previous year. Overall, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when the average export price increased by 44% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then dropped remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Germany ($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 France (+16.9%), while the prices for the other major destinations experienced more modest paces of growth.

Cotton Lint Imports

Imports into Austria

In 2022, imports of cotton lint into Austria shrank markedly to X tons, declining by -76.2% against 2021. Over the period under review, imports showed a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 67% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, cotton lint imports declined sharply to $X in 2022. In general, imports saw a abrupt decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 142% against the previous year. As a result, imports attained the peak of $X, and then shrank sharply in the following year.

Imports by Country

Germany (X tons), the United States (X tons) and Israel (X tons) were the main suppliers of cotton lint imports to Austria, together accounting for 77% of total imports. Egypt, Greece and France lagged somewhat behind, together comprising a further 20%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +68.3%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X), the United States ($X) and Israel ($X) constituted the largest cotton lint suppliers to Austria, together comprising 76% of total imports. Egypt, Greece and France lagged somewhat behind, together accounting for a further 21%.

Among the main suppliers, France, with a CAGR of +78.3%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average cotton lint import price amounted to $X per ton, rising by 21% against the previous year. In general, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cotton lint import price increased by +75.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 45% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Egypt ($X per ton) and the United States ($X per ton), while the price for France ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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