Myanmar: Cotton Lint Market 2024

Cotton Lint Market Size in Myanmar

The Myanmar's cotton lint market fell slightly to $X in 2022, waning by -3% against the previous year. Over the period under review, consumption, however, showed a pronounced reduction. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Cotton Lint Production in Myanmar

In value terms, cotton lint production fell to $X in 2022 estimated in export price. In general, production, however, showed a pronounced descent. The pace of growth was the most pronounced in 2016 when the production volume increased by 60% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

The average yield of cotton lint in Myanmar surged to X tons per ha in 2022, growing by 16% on 2021. Over the period under review, the yield, however, showed a pronounced decline. Over the period under review, the average cotton lint yield attained the maximum level at X tons per ha in 2016; however, from 2017 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The cotton lint harvested area in Myanmar expanded to X ha in 2022, surging by 3.1% on the year before. Over the period under review, the harvested area, however, saw a pronounced contraction. The most prominent rate of growth was recorded in 2013 with an increase of 8.2% against the previous year. The cotton lint harvested area peaked at X ha in 2014; however, from 2015 to 2022, the harvested area remained at a lower figure.

Cotton Lint Exports

Exports from Myanmar

Cotton lint exports from Myanmar skyrocketed to X tons in 2022, growing by 33% against 2021 figures. In general, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 493% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, cotton lint exports surged to $X in 2022. Over the period under review, exports saw a slight expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 232% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

Exports by Country

China (X tons) was the main destination for cotton lint exports from Myanmar, accounting for a approx. 100% share of total exports.

From 2014 to 2022, the average annual rate of growth in terms of volume to China was relatively modest.

In value terms, China ($X) also remains the key foreign market for cotton lint exports from Myanmar.

From 2014 to 2022, the average annual growth rate of value to China amounted to +1.0%.

Export Prices by Country

The average cotton lint export price stood at $X per ton in 2022, waning by -8.1% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 78%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2014 to 2022, the rate of growth in terms of prices for China amounted to +0.2% per year.

Cotton Lint Imports

Imports into Myanmar

In 2022, approx. X tons of cotton lint were imported into Myanmar; growing by 162% compared with 2021. Over the period under review, imports, however, showed a deep setback. The growth pace was the most rapid in 2020 when imports increased by 364% 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 soared to $X in 2022. Overall, imports, however, recorded a drastic downturn. The pace of growth appeared the most rapid in 2020 when imports increased by 928% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest cotton lint supplier to Myanmar, with a 59% share of total imports. Moreover, cotton lint imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), threefold. Vietnam (X tons) ranked third in terms of total imports with a 16% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +28.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+41.3% per year) and Vietnam (+53.2% per year).

In value terms, China ($X) constituted the largest supplier of cotton lint to Myanmar, comprising 53% of total imports. The second position in the ranking was taken by Thailand ($X), with a 26% share of total imports. It was followed by Vietnam, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +25.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+44.2% per year) and Vietnam (+46.1% per year).

Import Prices by Country

In 2022, the average cotton lint import price amounted to $X per ton, shrinking by -4.9% against the previous year. Over the period under review, the import price recorded a mild downturn. The most prominent rate of growth was recorded in 2017 when the average import price increased by 322% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+36.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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