Eastern Europe: Cotton Lint Market 2024

Cotton Lint Market Size in Eastern Europe

The East European cotton lint market dropped to $X in 2022, reducing by -4.2% against the previous year. In general, consumption showed a deep setback. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Cotton Lint Production in Eastern Europe

In value terms, cotton lint production fell notably to $X in 2022 estimated in export price. Overall, production continues to indicate a perceptible contraction. The pace of growth appeared the most rapid in 2019 when the production volume increased by 107%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

The country with the largest volume of cotton lint production was Ukraine (X tons), accounting for 68% of total volume. Moreover, cotton lint production in Ukraine exceeded the figures recorded by the second-largest producer, Bulgaria (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume in Ukraine was relatively modest.

In 2022, the average cotton lint yield in Eastern Europe expanded slightly to X tons per ha, rising by 1.5% on the previous year's figure. In general, the yield recorded prominent growth. The most prominent rate of growth was recorded in 2016 when the yield increased by 57%. The level of yield peaked at X tons per ha in 2020; however, from 2021 to 2022, the yield remained at a 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 Eastern Europe; declining by -3.3% compared with the previous year's figure. Overall, the harvested area faced a drastic downturn. The most prominent rate of growth was recorded in 2014 when the harvested area increased by 22%. The level of harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

Cotton Lint Exports

Exports in Eastern Europe

In 2022, exports of cotton lint in Eastern Europe reduced dramatically to X tons, which is down by -16.5% on the previous year. Overall, exports saw a abrupt decrease. The growth pace was the most rapid in 2014 when exports increased by 102% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, cotton lint exports contracted dramatically to $X in 2022. In general, exports recorded a abrupt contraction. The growth pace was the most rapid in 2014 when exports increased by 111%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Russia (X tons) represented the key exporter of cotton lint, comprising 60% of total exports. Hungary (X tons) held the second position in the ranking, distantly followed by Latvia (X tons) and Poland (X tons). All these countries together took near 36% share of total exports. Bulgaria (X tons) followed a long way behind the leaders.

Exports from Russia increased at an average annual rate of +9.3% from 2012 to 2022. At the same time, Poland (+11.4%) and Hungary (+3.7%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +11.4% from 2012-2022. Latvia experienced a relatively flat trend pattern. By contrast, Bulgaria (-33.4%) illustrated a downward trend over the same period. Russia (+56 p.p.), Hungary (+21 p.p.), Latvia (+5.8 p.p.) and Poland (+4.5 p.p.) significantly strengthened its position in terms of the total exports, while Bulgaria saw its share reduced by -14.6% from 2012 to 2022, respectively.

In value terms, Hungary ($X), Russia ($X) and Latvia ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined 82% share of total exports. Poland and Bulgaria lagged somewhat behind, together comprising a further 5.8%.

In terms of the main exporting countries, Poland, with a CAGR of +14.5%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, approximately reflecting the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. 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 expected to retain 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 Hungary ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+7.7%), while the other leaders experienced more modest paces of growth.

Cotton Lint Imports

Imports in Eastern Europe

Cotton lint imports fell to X tons in 2022, reducing by -6.6% on 2021. Overall, imports showed a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 13% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, cotton lint imports expanded to $X in 2022. In general, imports showed a abrupt downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 32%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Russia represented the largest importer of cotton lint in Eastern Europe, with the volume of imports finishing at X tons, which was near 52% of total imports in 2022. Poland (X tons) took an 18% share (based on physical terms) of total imports, which put it in second place, followed by Belarus (13%) and Estonia (7.2%). Bulgaria (X tons), Latvia (X tons) and the Czech Republic (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to cotton lint imports into Russia stood at -12.5%. At the same time, Estonia (+121.6%), Latvia (+23.2%) and Poland (+15.1%) displayed positive paces of growth. Moreover, Estonia emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +121.6% from 2012-2022. By contrast, Bulgaria (-8.8%), Belarus (-8.8%) and the Czech Republic (-15.6%) illustrated a downward trend over the same period. Poland (+16 p.p.), Estonia (+7.2 p.p.) and Latvia (+2.7 p.p.) significantly strengthened its position in terms of the total imports, while the Czech Republic and Russia saw its share reduced by -2.4% and -21.9% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported cotton lint in Eastern Europe, comprising 43% of total imports. The second position in the ranking was taken by Poland ($X), with a 19% share of total imports. It was followed by Belarus, with a 16% share.

In Russia, cotton lint imports declined by an average annual rate of -10.0% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Poland (+16.3% per year) and Belarus (-5.6% per year).

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per ton, growing by 12% against the previous year. Over the last decade, it increased at an average annual rate of +3.5%. The most prominent rate of growth was recorded in 2021 when the import price increased by 16%. The level of import peaked in 2022 and is likely to see steady growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+3.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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