Sweden: Cotton Lint Market 2024

Cotton Lint Market Size in Sweden

In 2022, after four years of growth, there was significant decline in the Swedish cotton lint market, when its value decreased by -96.4% to $X. Over the period under review, consumption saw a dramatic downturn. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Cotton Lint Production in Sweden

In value terms, cotton lint production stood at $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 2014 when the production volume increased by 12% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

In 2022, the average cotton lint yield in Sweden amounted to less than X kg per ha, approximately equating 2021. Over the period under review, the yield showed a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. less than X ha of cotton lint were harvested in Sweden; approximately reflecting the year before. In general, the harvested area saw a relatively flat trend pattern.

Cotton Lint Exports

Exports from Sweden

In 2022, shipments abroad of cotton lint increased by 286% to X tons, rising for the second consecutive year after three years of decline. Overall, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, cotton lint exports soared to $X in 2022. In general, exports saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 443% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for cotton lint exports from Sweden, with a 65% share of total exports. Moreover, cotton lint exports to the United States exceeded the volume sent to the second major destination, Norway (X tons), threefold. Switzerland (X tons) ranked third in terms of total exports with a 5.5% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +93.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+6.0% per year) and Switzerland (+52.1% per year).

In value terms, the United States ($X) emerged as the key foreign market for cotton lint exports from Sweden, comprising 47% of total exports. The second position in the ranking was taken by Norway ($X), with a 17% share of total exports. It was followed by Switzerland, with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +78.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+6.0% per year) and Switzerland (+57.5% per year).

Export Prices by Country

In 2022, the average cotton lint export price amounted to $X per ton, with a decrease of -18% against the previous year. In general, the export price, however, recorded mild growth. The most prominent rate of growth was recorded in 2021 an increase of 56%. As a result, the export price reached the peak level of $X per ton, and then dropped sharply in the following year.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Australia ($X per ton) and Switzerland ($X per ton), while the average price for exports to the United States ($X per ton) and Norway ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+11.1%), while the prices for the other major destinations experienced mixed trend patterns.

Cotton Lint Imports

Imports into Sweden

In 2022, purchases abroad of cotton lint increased by 22% to X tons, rising for the second consecutive year after five years of decline. Overall, imports, however, saw a perceptible decline. The pace of growth was the most pronounced in 2015 with an increase of 306%. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, cotton lint imports declined markedly to $X in 2022. Over the period under review, imports, however, continue to indicate a perceptible contraction. The growth pace was the most rapid in 2021 with an increase of 289%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

The United States (X tons), Latvia (X tons) and Germany (X tons) were the main suppliers of cotton lint imports to Sweden, together comprising 51% of total imports. Denmark, India, Hong Kong SAR, Pakistan, France, Portugal, Norway, Italy, the UK and Turkey lagged somewhat behind, together comprising a further 41%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +899.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cotton lint suppliers to Sweden were the UK ($X), France ($X) and the United States ($X), together accounting for 45% of total imports.

Among the main suppliers, France, with a CAGR of +909.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average cotton lint import price stood at $X per ton in 2022, which is down by -30.3% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 191% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 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 the UK ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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