Somalia: Market for Cotton Lint 2019

Market Size for Cotton Lint in Somalia

The revenue of the market for cotton lint in Somalia amounted to $X in 2018, jumping by X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. In that year, the market for cotton lint and cotton seed reached its peak level of $X. From 2012 to 2018, the growth of the market for cotton lint and cotton seed remained at a somewhat lower figure.

Production of Cotton Lint in Somalia

In value terms, production of cotton lint amounted to $X in 2018 estimated in export prices. Overall, the total output indicated notable growth from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, production of cotton lint increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. In that year, production of cotton lint reached its peak level of $X. From 2012 to 2018, production of cotton lint growth failed to regain its momentum.

Exports of Cotton Lint

Exports by Country

In 2018, the U.S. (X tons) was the major exporter of cotton lint, generating X% of total exports. India (X tons) occupied a X% share (based on tons) of total exports, which put it in second place, followed by Australia (X%) and Brazil (X%). The following exporters - Greece (X tons) and Nigeria (X tons) - together made up X% of total exports.

The U.S. experienced a relatively flat trend pattern of cotton lint exports. At the same time, Nigeria (+X%), Australia (+X%), Brazil (+X%) and Greece (+X%) displayed positive paces of growth. Moreover, Nigeria emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. India experienced a relatively flat trend pattern. While the share of Australia (+X p.p.), Brazil (+X p.p.) and the U.S. (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) remains the largest cotton lint and cotton seed supplier from Somalia, comprising X% of global exports. The second position in the ranking was occupied by India ($X), with a X% share of global exports. It was followed by Australia, with a X% share.

In the U.S., exports of cotton lint increased at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: India (+X% per year) and Australia (+X% per year).

Export Prices by Country

The export price for cotton lint in Somalia stood at $X per ton in 2018, flattening at the previous year. In general, the export price for cotton lint continues to indicate a relatively flat trend pattern.

Prices varied noticeably by the country of origin; the country with the highest price was India ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by India, while the other leaders experienced more modest paces of growth.

Imports of Cotton Lint

Imports into Somalia

In 2018, the amount of cotton lint imported into Somalia amounted to X kg, going up by X% against the previous year. In general, imports of cotton lint, however, continue to indicate a slight drop. The pace of growth appeared the most rapid in 2013 when imports increased by X% y-o-y. In that year, imports of cotton lint reached their peak of X tons. From 2014 to 2018, the growth of imports of cotton lint failed to regain its momentum.

In value terms, imports of cotton lint totaled $X in 2018. Over the period under review, imports of cotton lint, however, continue to indicate an abrupt drop. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. In that year, imports of cotton lint reached their peak of $X. From 2014 to 2018, the growth of imports of cotton lint remained at a lower figure.

Imports by Country

The countries with the highest levels of imports of cotton lint in 2018 were Vietnam (X tons), China (X tons), Turkey (X tons), Bangladesh (X tons), Indonesia (X tons), Pakistan (X tons) and India (X tons), together recording X% of total import. The following importers - Thailand (X tons), Mexico (X tons), South Korea (X tons), Malaysia (X tons) and Taiwan, Chinese (X tons) - together made up X% of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Vietnam, while the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), China ($X) and Turkey ($X) constituted the countries with the highest levels of imports in 2018, with a combined X% share of total imports.

Vietnam recorded the highest rates of growth with regard to imports, among the main importing countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the import price for cotton lint in Somalia amounted to $X per ton, shrinking by -X% against the previous year. Overall, the import price for cotton lint continues to indicate a drastic deduction. The pace of growth was the most pronounced in 2016 when the import price increased by X% y-o-y. Over the period under review, the import prices for cotton lint attained their maximum at $X per ton in 2017, and then declined slightly in the following year.

Average prices varied somewhat amongst the major importing countries. In 2018, major importing countries recorded the following prices: in India ($X per ton) and Bangladesh ($X per ton), while Taiwan, Chinese ($X per ton) and Mexico ($X per ton) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Bangladesh, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform