CIS: Market for Cotton (Carded Or Combed) 2024

Market Size for Cotton (Carded Or Combed) in CIS

In 2022, the CIS cotton (carded or combed) market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. Over the period under review, consumption showed a tangible expansion. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Cotton (Carded Or Combed) in CIS

In value terms, cotton (carded or combed) production totaled $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 12%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Exports of Cotton (Carded Or Combed)

Exports in CIS

After two years of decline, shipments abroad of cotton (carded or combed) increased by 165% to X tons in 2022. Overall, exports, however, recorded a abrupt decrease. The pace of growth was the most pronounced in 2019 when exports increased by 302% against the previous year. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, cotton (carded or combed) exports surged to $X in 2022. Over the period under review, exports, however, recorded a pronounced downturn. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Kazakhstan represented the main exporting country with an export of about X tons, which resulted at 75% of total exports. It was distantly followed by Tajikistan (X tons) and Russia (X tons), together achieving a 25% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to cotton (carded or combed) exports from Kazakhstan stood at -9.9%. At the same time, Russia (+18.8%) and Tajikistan (+16.6%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +18.8% from 2012-2022. Tajikistan (+13 p.p.) and Russia (+10 p.p.) significantly strengthened its position in terms of the total exports, while Kazakhstan saw its share reduced by -5.9% from 2012 to 2022, respectively.

In value terms, Kazakhstan ($X) emerged as the largest cotton (carded or combed) supplier in the CIS, comprising 81% of total exports. The second position in the ranking was held by Russia ($X), with an 11% share of total exports.

In Kazakhstan, cotton (carded or combed) exports contracted by an average annual rate of -3.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Russia (+15.8% per year) and Tajikistan (+15.1% per year).

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, picking up by 29% against the previous year. Export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cotton (carded or combed) export price increased by +113.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of 48% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while Tajikistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+7.1%), while the other leaders experienced a decline in the export price figures.

Imports of Cotton (Carded Or Combed)

Imports in CIS

In 2022, supplies from abroad of cotton (carded or combed) increased by 43% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports showed a prominent increase. The pace of growth was the most pronounced in 2015 when imports increased by 139% against the previous year. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, cotton (carded or combed) imports surged to $X in 2022. In general, imports saw a buoyant expansion. The growth pace was the most rapid in 2013 with an increase of 91%. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Russia prevails in imports structure, recording X tons, which was approx. 97% of total imports in 2022. Uzbekistan (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to cotton (carded or combed) imports into Russia stood at +10.3%. At the same time, Uzbekistan (+2,149.8%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +2,149.8% from 2012-2022. Russia (+13 p.p.) and Uzbekistan (+2.2 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, Russia ($X) constitutes the largest market for imported cotton (carded or combed) in the CIS, comprising 96% of total imports. The second position in the ranking was taken by Uzbekistan ($X), with a 2.9% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Russia amounted to +6.5%.

Import Prices by Country

The import price in the CIS stood at $X per ton in 2022, waning by -1.8% against the previous year. In general, the import price saw a pronounced downturn. The pace of growth appeared the most rapid in 2017 an increase of 35% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Uzbekistan ($X per ton), while Russia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (-3.5%).

Source: IndexBox Platform

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