Cote d'Ivoire: Cotton Lint Market 2024

Cotton Lint Market Size in Cote d'Ivoire

The Cote d'Ivoire's cotton lint market soared to $X in 2022, increasing by 32% against the previous year. Overall, the total consumption indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -16.1% against 2020 indices. Cotton lint consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Cotton Lint Production in Cote d'Ivoire

In value terms, cotton lint production fell to $X in 2022 estimated in export price. In general, the total production indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -5.2% against 2019 indices. The growth pace was the most rapid in 2018 when the production volume increased by 45%. Cotton lint production peaked at $X in 2019; afterwards, it flattened through to 2022.

The average yield of cotton lint in Cote d'Ivoire soared to X tons per ha in 2022, jumping by 28% against 2021 figures. Over the period under review, the yield, however, recorded a pronounced descent. Over the period under review, the average cotton lint yield hit record highs at X tons per ha in 2012; however, from 2013 to 2022, the yield stood 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, the total area harvested in terms of cotton lint production in Cote d'Ivoire declined to X ha, which is down by -2.2% on the year before. Overall, the total harvested area indicated a resilient increase from 2012 to 2022: its figure increased at an average annual rate of +7.2% 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 increased by +30.4% against 2016 indices. The most prominent rate of growth was recorded in 2013 when the harvested area increased by 100% against the previous year. The cotton lint harvested area peaked at X ha in 2021, and then reduced in the following year.

Cotton Lint Exports

Exports from Cote d'Ivoire

In 2022, approx. X tons of cotton lint were exported from Cote d'Ivoire; with a decrease of -10% on 2021 figures. In general, total exports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.8% against 2017 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 29% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then reduced in the following year.

In value terms, cotton lint exports declined dramatically to $X in 2022. Over the period under review, exports, however, enjoyed resilient growth. The growth pace was the most rapid in 2021 with an increase of 57%. As a result, the exports reached the peak of $X, and then shrank markedly in the following year.

Exports by Country

Bangladesh (X tons), Pakistan (X tons) and Vietnam (X tons) were the main destinations of cotton lint exports from Cote d'Ivoire, with a combined 62% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Pakistan (with a CAGR of +99.4%), while the other leaders experienced more modest paces of growth.

In value terms, Bangladesh ($X), Pakistan ($X) and Vietnam ($X) constituted the largest markets for cotton lint exported from Cote d'Ivoire worldwide, with a combined 61% share of total exports.

Pakistan, with a CAGR of +91.8%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average cotton lint export price amounted to $X per ton, which is down by -9.1% against the previous year. Overall, the export price showed a mild slump. The pace of growth appeared the most rapid in 2021 an increase of 26% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were India ($X per ton) and Malaysia ($X per ton), while the average price for exports to Pakistan ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+0.6%), while the prices for the other major destinations experienced more modest paces of growth.

Cotton Lint Imports

Imports into Cote d'Ivoire

In 2022, cotton lint imports into Cote d'Ivoire rose to X tons, surging by 2.4% against 2021 figures. In general, imports posted a buoyant expansion. The growth pace was the most rapid in 2015 when imports increased by 1,543% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, cotton lint imports declined slightly to $X in 2022. Over the period under review, imports recorded a strong expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 777% 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

In 2022, France (X tons) was the main supplier of cotton lint to Cote d'Ivoire, with a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from France totaled +61.6%.

In value terms, France ($X) constituted the largest supplier of cotton lint to Cote d'Ivoire.

From 2012 to 2022, the average annual growth rate of value from France stood at +53.1%.

Import Prices by Country

In 2022, the average cotton lint import price amounted to $X per ton, reducing by -6.5% against the previous year. In general, the import price, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2016 when the average import price increased by 173% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for France.

From 2012 to 2022, the rate of growth in terms of prices for Mali amounted to +31.6% per year.

Source: IndexBox Platform