Luxembourg: Cotton Lint Market 2024

Cotton Lint Market Size in Luxembourg

The Luxembourg cotton lint market contracted significantly to $X in 2022, waning by -30.6% 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). Overall, consumption, however, continues to indicate a strong expansion. Cotton lint consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Cotton Lint Exports

Exports from Luxembourg

In 2022, shipments abroad of cotton lint increased by 57% to X kg, rising for the second year in a row after two years of decline. Over the period under review, exports, however, faced a deep slump. The pace of growth was the most pronounced in 2021 with an increase of 133% against the previous year. Over the period under review, the exports hit record highs at X kg in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, cotton lint exports shrank sharply to $X in 2022. In general, exports, however, saw a significant decrease. The growth pace was the most rapid in 2020 with an increase of 935% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Korea (X kg) was the main destination for cotton lint exports from Luxembourg, accounting for a 91% share of total exports. Moreover, cotton lint exports to South Korea exceeded the volume sent to the second major destination, France (X kg), tenfold.

From 2012 to 2022, the average annual growth rate of volume to South Korea was relatively modest.

In value terms, France ($X) remains the key foreign market for cotton lint exports from Luxembourg, comprising 93% of total exports. The second position in the ranking was taken by South Korea ($X), with a 7.4% share of total exports.

From 2012 to 2022, the average annual growth rate of value to France amounted to -5.2%.

Export Prices by Country

The average cotton lint export price stood at $X per ton in 2022, which is down by -86.6% against the previous year. Over the period under review, the export price recorded a abrupt slump. The most prominent rate of growth was recorded in 2020 when the average export price increased by 4,040%. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to South Korea totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+11.3%), while the prices for the other major destinations experienced more modest paces of growth.

Cotton Lint Imports

Imports into Luxembourg

In 2022, approx. X tons of cotton lint were imported into Luxembourg; waning by -18.4% on the previous year. Over the period under review, imports, however, posted a buoyant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 248% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, cotton lint imports plummeted to $X in 2022. In general, imports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2013 when imports increased by 171%. Over the period under review, imports attained the maximum at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Belgium (X tons) constituted the largest supplier of cotton lint to Luxembourg, accounting for a 82% share of total imports. Moreover, cotton lint imports from Belgium exceeded the figures recorded by the second-largest supplier, Portugal (X kg), eightfold. The UK (X kg) ranked third in terms of total imports with a 7.1% share.

From 2012 to 2022, the average annual growth rate of volume from Belgium stood at +21.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+30.8% per year) and the UK (+65.2% per year).

In value terms, Belgium ($X) constituted the largest supplier of cotton lint to Luxembourg, comprising 94% of total imports. The second position in the ranking was taken by Portugal ($X), with a 1.9% share of total imports. It was followed by the UK, with a 1.4% share.

From 2012 to 2022, the average annual growth rate of value from Belgium amounted to +16.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+52.6% per year) and the UK (+53.9% per year).

Import Prices by Country

The average cotton lint import price stood at $X per ton in 2022, with a decrease of -26.1% against the previous year. Overall, the import price recorded a deep reduction. The most prominent rate of growth was recorded in 2020 when the average import price increased by 25%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Germany ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+16.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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