Bangladesh: Cotton Lint Market 2024

Cotton Lint Market Size in Bangladesh

The Bangladeshi cotton lint market fell to $X in 2022, with a decrease of -12.7% against the previous year. In general, consumption, however, enjoyed a buoyant expansion. Over the period under review, the market reached the maximum level at $X in 2021, and then declined in the following year.

Cotton Lint Production in Bangladesh

In value terms, cotton lint production stood at $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2017 when the production volume increased by 65%. Cotton lint production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

The average yield of cotton lint in Bangladesh skyrocketed to X tons per ha in 2022, increasing by 22% compared with 2021. Overall, the yield, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the yield increased by 47% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2018 to 2022, the growth of the average cotton lint yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of cotton lint were harvested in Bangladesh; growing by 7.6% against 2021 figures. Overall, the total harvested area indicated tangible growth from 2012 to 2022: its figure increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cotton lint harvested area decreased by -26.5% against 2018 indices. The most prominent rate of growth was recorded in 2017 with an increase of 34%. Over the period under review, the harvested area dedicated to cotton lint production attained the peak figure at X ha in 2018; however, from 2019 to 2022, the harvested area stood at a somewhat lower figure.

Cotton Lint Exports

Exports from Bangladesh

In 2022, overseas shipments of cotton lint increased by 0.9% to X tons, rising for the third consecutive year after three years of decline. Over the period under review, exports saw a prominent increase. The pace of growth appeared the most rapid in 2020 when exports increased by 75% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, cotton lint exports fell markedly to $X in 2022. In general, exports, however, saw a slight shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 163% against the previous year. As a result, the exports reached the peak of $X, and then shrank sharply in the following year.

Exports by Country

India (X tons) was the main destination for cotton lint exports from Bangladesh, with a approx. 19% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to India amounted to +23.8%.

In value terms, India ($X) emerged as the key foreign market for cotton lint exports from Bangladesh.

From 2012 to 2022, the average annual rate of growth in terms of value to India totaled +13.5%.

Export Prices by Country

The average cotton lint export price stood at $X per ton in 2022, which is down by -31.6% against the previous year. In general, the export price faced a drastic downturn. The pace of growth was the most pronounced in 2021 when the average export price increased by 64% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for Indonesia amounted to +690.5% per year.

Cotton Lint Imports

Imports into Bangladesh

In 2022, purchases abroad of cotton lint decreased by -6.4% to X tons for the first time since 2016, thus ending a five-year rising trend. In general, imports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2015 with an increase of 103%. Imports peaked at X tons in 2021, and then dropped in the following year.

In value terms, cotton lint imports fell notably to $X in 2022. Overall, imports, however, enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2013 when imports increased by 115%. Over the period under review, imports reached the maximum at $X in 2021, and then contracted markedly in the following year.

Imports by Country

India (X tons), Brazil (X tons) and Benin (X tons) were the main suppliers of cotton lint imports to Bangladesh, with a combined 71% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of +39.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Brazil ($X) and the United States ($X) were the largest cotton lint suppliers to Bangladesh, together comprising 69% of total imports.

Among the main suppliers, Brazil, with a CAGR of +34.9%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average cotton lint import price amounted to $X per ton, which is down by -10% against the previous year. Over the period under review, the import price showed a mild reduction. The pace of growth was the most pronounced in 2021 when the average import price increased by 27%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat 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 Australia ($X per ton), while the price for Benin ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+0.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :