France: Cotton Lint Market 2024

Cotton Lint Market Size in France

The French cotton lint market rose significantly to $X in 2022, with an increase of 14% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a slight decline. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Cotton Lint Exports

Exports from France

In 2022, the amount of cotton lint exported from France fell remarkably to X tons, which is down by -46.9% on the previous year. Overall, exports showed a deep contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 168%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, cotton lint exports reduced notably to $X in 2022. In general, exports recorded a deep slump. The growth pace was the most rapid in 2021 when exports increased by 217% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Belgium (X tons) was the main destination for cotton lint exports from France, with a 52% share of total exports. Moreover, cotton lint exports to Belgium exceeded the volume sent to the second major destination, Germany (X tons), fourfold. The third position in this ranking was held by Switzerland (X tons), with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Belgium totaled -5.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-4.5% per year) and Switzerland (-4.3% per year).

In value terms, Belgium ($X) emerged as the key foreign market for cotton lint exports from France, comprising 48% of total exports. The second position in the ranking was held by Switzerland ($X), with an 11% share of total exports. It was followed by the Netherlands, with a 6.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Belgium totaled -4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (-0.8% per year) and the Netherlands (+53.9% per year).

Export Prices by Country

The average cotton lint export price stood at $X per ton in 2022, jumping by 17% against the previous year. In general, export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cotton lint export price increased by +5.9% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the average export price increased by 44%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Tunisia ($X per ton), while the average price for exports to Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.

Cotton Lint Imports

Imports into France

In 2022, the amount of cotton lint imported into France fell to X tons, reducing by -14.8% on 2021 figures. Over the period under review, imports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 44% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, cotton lint imports rose sharply to $X in 2022. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 91%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The United States (X tons), Turkey (X tons) and Kazakhstan (X tons) were the main suppliers of cotton lint imports to France, together accounting for 53% of total imports. Burkina Faso, Spain, Tanzania, Togo, the Czech Republic, Benin, Pakistan, Greece, Brazil and Cote d'Ivoire lagged somewhat behind, together accounting for a further 38%.

From 2012 to 2022, the biggest increases were recorded for Pakistan (with a CAGR of +205.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of cotton lint to France, comprising 37% of total imports. The second position in the ranking was held by Turkey ($X), with an 18% share of total imports. It was followed by Kazakhstan, with a 5.7% share.

From 2012 to 2022, the average annual growth rate of value from the United States totaled +35.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+8.8% per year) and Kazakhstan (-6.3% per year).

Import Prices by Country

In 2022, the average cotton lint import price amounted to $X per ton, jumping by 31% against the previous year. Overall, the import price continues to indicate a remarkable increase. The growth pace was the most rapid in 2021 an increase of 32%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+12.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :