Eastern Asia: Market for Cotton (Carded Or Combed) 2025

Market Size for Cotton (Carded Or Combed) in Eastern Asia

The East Asian cotton (carded or combed) market surged to $X in 2022, rising by 24% against the previous year. Overall, consumption enjoyed a resilient increase. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in years to come.

Production of Cotton (Carded Or Combed) in Eastern Asia

In value terms, cotton (carded or combed) production totaled $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by 12%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Cotton (Carded Or Combed)

Exports in Eastern Asia

In 2022, cotton (carded or combed) exports in Eastern Asia shrank significantly to X tons, which is down by -17.4% compared with the previous year's figure. Over the period under review, exports continue to indicate a perceptible downturn. The pace of growth was the most pronounced in 2017 with an increase of 54%. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, cotton (carded or combed) exports contracted to $X in 2022. Overall, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by 67% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

South Korea represented the main exporter of cotton (carded or combed) in Eastern Asia, with the volume of exports reaching X tons, which was approx. 83% of total exports in 2022. It was distantly followed by Japan (X tons), achieving a 14% share of total exports. Hong Kong SAR (X tons) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to cotton (carded or combed) exports from South Korea stood at -2.3%. Hong Kong SAR experienced a relatively flat trend pattern. Japan (-3.4%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, South Korea ($X), Japan ($X) and Hong Kong SAR ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined 99% share of total exports.

Among the main exporting countries, South Korea, with a CAGR of -0.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, surging by 13% against the previous year. Export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +2.1% 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 +69.1% against 2015 indices. The pace of growth appeared the most rapid in 2016 an increase of 21%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+2.7%), while the other leaders experienced mixed trends in the export price figures.

Imports of Cotton (Carded Or Combed)

Imports in Eastern Asia

In 2022, supplies from abroad of cotton (carded or combed) increased by 13% to X tons, rising for the second year in a row after two years of decline. In general, imports recorded prominent growth. The growth pace was the most rapid in 2017 with an increase of 131% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, cotton (carded or combed) imports amounted to $X in 2022. Over the period under review, imports saw tangible growth. The pace of growth was the most pronounced in 2017 with an increase of 109% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Taiwan (Chinese) (X tons) was the largest importer of cotton (carded or combed), achieving 65% of total imports. It was distantly followed by China (X tons), achieving a 31% share of total imports. South Korea (X tons) and Japan (X tons) took a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to cotton (carded or combed) imports into Taiwan (Chinese) stood at +10.5%. At the same time, China (+48.3%) and South Korea (+4.7%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +48.3% from 2012-2022. By contrast, Japan (-10.9%) illustrated a downward trend over the same period. While the share of China (+30 p.p.) and Taiwan (Chinese) (+23 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Japan (-8.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest cotton (carded or combed) importing markets in Eastern Asia were Taiwan (Chinese) ($X), China ($X) and Japan ($X), with a combined 98% share of total imports.

In terms of the main importing countries, China, with a CAGR of +36.5%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, flattening at the previous year. Over the period under review, the import price, however, continues to indicate a slight decrease. The pace of growth was the most pronounced in 2019 an increase of 11%. The level of import peaked at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+0.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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