Canada: Market for Cotton (Carded Or Combed) 2025

Market Size for Cotton (Carded Or Combed) in Canada

The Canadian cotton (carded or combed) market rose remarkably to $X in 2022, surging by 13% against the previous year. In general, consumption, however, continues to indicate a perceptible shrinkage. Cotton (carded or combed) consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Cotton (Carded Or Combed) in Canada

In value terms, cotton (carded or combed) production expanded slightly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a slight reduction. The growth pace was the most rapid in 2015 with an increase of 18% against the previous year. Cotton (carded or combed) production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Cotton (Carded Or Combed)

Exports from Canada

In 2022, exports of cotton (carded or combed) from Canada declined dramatically to X tons, waning by -65.7% against 2021 figures. In general, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 1,612%. As a result, the exports reached the peak of X tons, and then contracted remarkably in the following year.

In value terms, cotton (carded or combed) exports dropped significantly to $X in 2022. Over the period under review, exports, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2021 when exports increased by 982%. As a result, the exports reached the peak of $X, and then fell significantly in the following year.

Exports by Country

India (X tons) was the main destination for cotton (carded or combed) exports from Canada, with a 99% share of total exports. It was followed by the United States (X kg), with a 0.6% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to India totaled +73.8%.

In value terms, India ($X) remains the key foreign market for cotton (carded or combed) exports from Canada, comprising 95% of total exports. The second position in the ranking was taken by the United States ($X), with a 4.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to India amounted to +70.4%.

Export Prices by Country

The average cotton (carded or combed) export price stood at $X per ton in 2022, approximately equating the previous year. Overall, the export price, however, recorded a abrupt descent. The pace of growth appeared the most rapid in 2015 when the average export price increased by 75% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to India stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+9.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Cotton (Carded Or Combed)

Imports into Canada

In 2022, purchases abroad of cotton (carded or combed) increased by 20% to X tons, rising for the second year in a row after two years of decline. In general, imports, however, saw a abrupt decrease. The growth pace was the most rapid in 2015 with an increase of 50%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, cotton (carded or combed) imports surged to $X in 2022. Overall, imports, however, recorded a perceptible contraction. The most prominent rate of growth was recorded in 2015 when imports increased by 87% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Turkey (X tons), the United States (X tons) and Mexico (X tons) were the main suppliers of cotton (carded or combed) imports to Canada, together comprising 85% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of +110.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Turkey ($X) and Italy ($X) were the largest cotton (carded or combed) suppliers to Canada, with a combined 85% share of total imports. Mexico, China and India lagged somewhat behind, together comprising a further 11%.

Mexico, with a CAGR of +133.0%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average cotton (carded or combed) import price stood at $X per ton in 2022, jumping by 38% against the previous year. Overall, the import price enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2014 when the average import price increased by 83%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see gradual growth in years to come.

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 Italy ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+16.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :