South-Eastern Asia: Market for Cotton (Carded Or Combed) 2025

Market Size for Cotton (Carded Or Combed) in South-Eastern Asia

In 2022, the Southeast Asian cotton (carded or combed) market increased by 5.5% to $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption saw a relatively flat trend pattern. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the near future.

Production of Cotton (Carded Or Combed) in South-Eastern Asia

In value terms, cotton (carded or combed) production totaled $X in 2022 estimated in export price. In general, production showed a slight slump. The pace of growth appeared the most rapid in 2017 with an increase of 15% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Exports of Cotton (Carded Or Combed)

Exports in South-Eastern Asia

In 2022, overseas shipments of cotton (carded or combed) decreased by -23.5% to X tons, falling for the third year in a row after eight years of growth. Over the period under review, exports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 82% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, cotton (carded or combed) exports fell to $X in 2022. In general, exports, however, showed a notable increase. The growth pace was the most rapid in 2019 with an increase of 44%. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Indonesia represented the key exporting country with an export of about X tons, which amounted to 78% of total exports. Vietnam (X tons) held the second position in the ranking, distantly followed by Malaysia (X tons). All these countries together took near 19% share of total exports. The Philippines (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to cotton (carded or combed) exports from Indonesia stood at +6.2%. At the same time, the Philippines (+61.8%), Vietnam (+13.5%) and Malaysia (+1.5%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +61.8% from 2012-2022. Vietnam (+6.1 p.p.) and the Philippines (+2 p.p.) significantly strengthened its position in terms of the total exports, while Malaysia and Indonesia saw its share reduced by -3.4% and -5.7% from 2012 to 2022, respectively.

In value terms, Indonesia ($X) remains the largest cotton (carded or combed) supplier in South-Eastern Asia, comprising 75% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 13% share of total exports. It was followed by Malaysia, with a 2.3% share.

In Indonesia, cotton (carded or combed) exports expanded at an average annual rate of +1.7% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (+14.6% per year) and Malaysia (-4.5% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, picking up by 16% against the previous year. Overall, the export price, however, continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2017 an increase of 25%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+1.0%), while the other leaders experienced a decline in the export price figures.

Imports of Cotton (Carded Or Combed)

Imports in South-Eastern Asia

In 2022, after two years of decline, there was significant growth in purchases abroad of cotton (carded or combed), when their volume increased by 7.9% to X tons. In general, imports enjoyed a resilient increase. The pace of growth appeared the most rapid in 2016 when imports increased by 212% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, cotton (carded or combed) imports expanded modestly to $X in 2022. Overall, imports continue to indicate a tangible increase. The most prominent rate of growth was recorded in 2016 with an increase of 207% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Vietnam prevails in imports structure, amounting to X tons, which was approx. 92% of total imports in 2022. The following importers - Malaysia (X tons), Indonesia (X tons) and Thailand (X tons) - together made up 7.2% of total imports.

Vietnam was also the fastest-growing in terms of the cotton (carded or combed) imports, with a CAGR of +12.9% from 2012 to 2022. Indonesia (-2.0%), Malaysia (-6.3%) and Thailand (-10.9%) illustrated a downward trend over the same period. Vietnam (+26 p.p.) significantly strengthened its position in terms of the total imports, while Indonesia, Thailand and Malaysia saw its share reduced by -5.3%, -10.5% and -10.6% from 2012 to 2022, respectively.

In value terms, Vietnam ($X) constitutes the largest market for imported cotton (carded or combed) in South-Eastern Asia, comprising 79% of total imports. The second position in the ranking was held by Indonesia ($X), with an 8.5% share of total imports. It was followed by Malaysia, with a 4% share.

In Vietnam, cotton (carded or combed) imports increased at an average annual rate of +7.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Indonesia (+0.7% per year) and Malaysia (-7.6% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, which is down by -5.5% against the previous year. In general, the import price recorded a noticeable reduction. The growth pace was the most rapid in 2017 an increase of 17%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+6.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :