Europe: Cotton Lint Market 2024

Cotton Lint Market Size in Europe

The Europe cotton lint market skyrocketed to $X in 2022, picking up by 23% against the previous year. The market value increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Cotton Lint Production in Europe

In value terms, cotton lint production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 18%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Greece (X tons) remains the largest cotton lint producing country in Europe, accounting for 78% of total volume. Moreover, cotton lint production in Greece exceeded the figures recorded by the second-largest producer, Spain (X tons), fourfold.

In Greece, cotton lint production increased at an average annual rate of +1.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Spain (+1.7% per year) and the UK (0.0% per year).

The average cotton lint yield was estimated at X tons per ha in 2022, approximately reflecting 2021. The yield figure increased at an average annual rate of +1.9% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when the yield increased by 14% against the previous year. Over the period under review, the cotton lint yield attained the maximum level in 2022 and is expected to retain growth in the immediate term. 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 Europe stood at X ha, remaining relatively unchanged against the year before. In general, the harvested area, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 6.9% against the previous year. Over the period under review, the harvested area dedicated to cotton lint production attained the maximum at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

Cotton Lint Exports

Exports in Europe

In 2022, exports of cotton lint in Europe declined sharply to X tons, falling by -33.7% against 2021 figures. In general, exports saw a pronounced setback. The most prominent rate of growth was recorded in 2019 when exports increased by 72% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then shrank dramatically in the following year.

In value terms, cotton lint exports reduced sharply to $X in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 74% against the previous year. As a result, the exports reached the peak of $X, and then declined markedly in the following year.

Exports by Country

In 2022, Greece (X tons) represented the major exporter of cotton lint, committing 86% of total exports. It was distantly followed by Spain (X tons), making up an 11% share of total exports.

Greece was also the fastest-growing in terms of the cotton lint exports, with a CAGR of -1.4% from 2012 to 2022. Spain (-5.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Greece increased by +9.5 percentage points.

In value terms, Greece ($X) remains the largest cotton lint supplier in Europe, comprising 84% of total exports. The second position in the ranking was taken by Spain ($X), with an 11% share of total exports.

In Greece, cotton lint exports expanded at an average annual rate of +1.9% over the period from 2012-2022.

Export Prices by Country

The export price in Europe stood at $X per ton in 2022, rising by 21% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.9%. The growth pace was the most rapid in 2021 an increase of 30% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per ton), while Greece totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+3.3%).

Cotton Lint Imports

Imports in Europe

In 2022, the amount of cotton lint imported in Europe dropped modestly to X tons, with a decrease of -1.5% against 2021. Overall, imports showed a abrupt slump. The pace of growth appeared the most rapid in 2021 when imports increased by 14% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, cotton lint imports surged to $X in 2022. Over the period under review, imports saw a perceptible downturn. The most prominent rate of growth was recorded in 2021 with an increase of 38% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Portugal (X tons), Italy (X tons), Russia (X tons) and Germany (X tons) represented roughly 66% of total imports in 2022. It was distantly followed by Greece (X tons), France (X tons) and Poland (X tons), together committing a 15% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +15.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Portugal ($X) and Germany ($X) were the countries with the highest levels of imports in 2022, with a combined 52% share of total imports. Russia, France, Greece and Poland lagged somewhat behind, together comprising a further 27%.

Poland, with a CAGR of +16.3%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Europe stood at $X per ton in 2022, growing by 18% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. The most prominent rate of growth was recorded in 2021 when the import price increased by 21% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+6.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform