Sweden: Market for Cotton (Carded Or Combed) 2024

Market Size for Cotton (Carded Or Combed) in Sweden

In 2022, after two years of growth, there was significant decline in the Swedish cotton (carded or combed) market, when its value decreased by -46.9% to $X. Over the period under review, consumption continues to indicate a deep contraction. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Production of Cotton (Carded Or Combed) in Sweden

In value terms, cotton (carded or combed) production dropped to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by 9.3% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Exports of Cotton (Carded Or Combed)

Exports from Sweden

In 2022, the amount of cotton (carded or combed) exported from Sweden declined to X tons, falling by -9.8% compared with the previous year's figure. In general, exports, however, continue to indicate a measured expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 77% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, cotton (carded or combed) exports reduced markedly to $X in 2022. Overall, exports saw a noticeable reduction. The most prominent rate of growth was recorded in 2018 with an increase of 116% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Denmark (X tons) was the main destination for cotton (carded or combed) exports from Sweden, accounting for a 54% share of total exports. Moreover, cotton (carded or combed) exports to Denmark exceeded the volume sent to the second major destination, Norway (X tons), threefold. The third position in this ranking was taken by Lebanon (X tons), with an 8.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Denmark stood at +28.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (-7.9% per year) and Lebanon (0.0% per year).

In value terms, the largest markets for cotton (carded or combed) exported from Sweden were Denmark ($X), Norway ($X) and China ($X), together accounting for 89% of total exports. The United States, Switzerland, Finland and Lebanon lagged somewhat behind, together comprising a further 8%.

Among the main countries of destination, the United States, with a CAGR of +82.8%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average cotton (carded or combed) export price amounted to $X per ton, dropping by -18.3% against the previous year. Overall, the export price continues to indicate a noticeable setback. The pace of growth appeared the most rapid in 2018 an increase of 60%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Lebanon ($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 (+2.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Cotton (Carded Or Combed)

Imports into Sweden

In 2022, after two years of growth, there was significant decline in overseas purchases of cotton (carded or combed), when their volume decreased by -41.8% to X tons. Over the period under review, imports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2014 with an increase of 1,361%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, cotton (carded or combed) imports declined remarkably to $X in 2022. In general, imports saw a perceptible contraction. The most prominent rate of growth was recorded in 2014 with an increase of 646% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Poland (X tons) constituted the largest cotton (carded or combed) supplier to Sweden, accounting for a 53% share of total imports. Moreover, cotton (carded or combed) imports from Poland exceeded the figures recorded by the second-largest supplier, Turkey (X tons), fourfold. The third position in this ranking was held by Egypt (X tons), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Poland stood at +19.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+2.4% per year) and Egypt (+41.4% per year).

In value terms, Poland ($X) constituted the largest supplier of cotton (carded or combed) to Sweden, comprising 49% of total imports. The second position in the ranking was held by China ($X), with a 17% share of total imports. It was followed by Turkey, with a 15% share.

From 2012 to 2022, the average annual growth rate of value from Poland amounted to +16.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+20.8% per year) and Turkey (-2.1% per year).

Import Prices by Country

The average cotton (carded or combed) import price stood at $X per ton in 2022, with a decrease of -12.6% against the previous year. In general, the import price, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2016 an increase of 164%. Over the period under review, average import prices reached the peak figure at $X per ton in 2021, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Saint Pierre and Miquelon ($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 (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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