Sweden: Cotton Fabric Market 2024

Cotton Fabric Market Size in Sweden

In 2021, the Swedish cotton fabric market increased by 0.5% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption continues to indicate a abrupt curtailment. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Cotton Fabric Exports

Exports from Sweden

In 2021, the amount of woven fabrics of cotton exported from Sweden soared to X tons, increasing by 24% compared with 2020. In general, exports, however, continue to indicate a mild setback. The most prominent rate of growth was recorded in 2014 when exports increased by 52% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, cotton fabric exports expanded sharply to $X in 2021. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by 55%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Lithuania (X tons) was the main destination for cotton fabric exports from Sweden, with a 40% share of total exports. Moreover, cotton fabric exports to Lithuania exceeded the volume sent to the second major destination, Latvia (X tons), twofold. The third position in this ranking was held by Estonia (X tons), with a 15% share.

From 2012 to 2021, the average annual growth rate of volume to Lithuania totaled +25.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (+27.2% per year) and Estonia (+14.4% per year).

In value terms, Estonia ($X), Lithuania ($X) and Latvia ($X) were the largest markets for cotton fabric exported from Sweden worldwide, together accounting for 71% of total exports.

Latvia, with a CAGR of +36.5%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average cotton fabric export price amounted to $X per ton, dropping by -8.2% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average export price increased by 31% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Estonia ($X per ton), while the average price for exports to Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+17.2%), while the prices for the other major destinations experienced more modest paces of growth.

Cotton Fabric Imports

Imports into Sweden

In 2021, overseas purchases of woven fabrics of cotton decreased by -2.1% to X tons, falling for the sixth consecutive year after two years of growth. In general, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2014 with an increase of 63% against the previous year. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, cotton fabric imports surged to $X in 2021. Overall, imports saw a deep slump. The most prominent rate of growth was recorded in 2014 with an increase of 43% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Turkey (X tons), China (X tons) and India (X tons) were the main suppliers of cotton fabric imports to Sweden, with a combined 30% share of total imports. Denmark, Germany, Belgium, Pakistan, Italy, the Netherlands, the Czech Republic, the UK and Portugal lagged somewhat behind, together accounting for a further 60%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +20.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), the Czech Republic ($X) and Denmark ($X) appeared to be the largest cotton fabric suppliers to Sweden, together comprising 32% of total imports. Belgium, the Netherlands, China, Turkey, Portugal, India, Germany, the UK and Pakistan lagged somewhat behind, together comprising a further 50%.

Belgium, with a CAGR of +22.8%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average cotton fabric import price amounted to $X per ton, growing by 23% against the previous year. Overall, the import price, however, continues to indicate a slight downturn. The pace of growth was the most pronounced in 2016 an increase of 23%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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