Switzerland: Cotton Lint Market 2024

Cotton Lint Market Size in Switzerland

In 2022, the Swiss cotton lint market increased by 0.8% to $X, rising for the fourth consecutive year after three years of decline. Overall, consumption showed a dramatic decrease. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Cotton Lint Exports

Exports from Switzerland

In 2022, after three years of growth, there was significant decline in overseas shipments of cotton lint, when their volume decreased by -17.6% to X tons. Overall, exports showed a noticeable decline. The pace of growth was the most pronounced in 2017 with an increase of 121% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, cotton lint exports contracted remarkably to $X in 2022. Over the period under review, exports recorded a mild curtailment. The pace of growth was the most pronounced in 2021 when exports increased by 185%. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

France (X tons) was the main destination for cotton lint exports from Switzerland, accounting for a 56% share of total exports. Moreover, cotton lint exports to France exceeded the volume sent to the second major destination, Poland (X tons), twofold. The third position in this ranking was held by Germany (X tons), with a 17% share.

From 2012 to 2022, the average annual growth rate of volume to France stood at +27.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-11.0% per year) and Germany (+11.7% per year).

In value terms, France ($X) remains the key foreign market for cotton lint exports from Switzerland, comprising 69% of total exports. The second position in the ranking was held by Germany ($X), with a 12% share of total exports. It was followed by Poland, with a 9.6% share.

From 2012 to 2022, the average annual growth rate of value to France stood at +33.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-1.2% per year) and Poland (-9.1% per year).

Export Prices by Country

The average cotton lint export price stood at $X per ton in 2022, falling by -2.3% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 73% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Poland ($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 Turkey (+10.5%), while the prices for the other major destinations experienced more modest paces of growth.

Cotton Lint Imports

Imports into Switzerland

In 2022, after three years of growth, there was significant decline in purchases abroad of cotton lint, when their volume decreased by -13% to X tons. In general, imports faced a deep reduction. The pace of growth was the most pronounced in 2019 when imports increased by 65%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, cotton lint imports expanded slightly to $X in 2022. Overall, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 58%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Turkey (X tons) constituted the largest cotton lint supplier to Switzerland, accounting for a 61% share of total imports. Moreover, cotton lint imports from Turkey exceeded the figures recorded by the second-largest supplier, France (X tons), fivefold. The third position in this ranking was taken by Germany (X tons), with a 9.6% share.

From 2012 to 2022, the average annual growth rate of volume from Turkey stood at +17.0%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+0.7% per year) and Germany (-22.7% per year).

In value terms, Turkey ($X) constituted the largest supplier of cotton lint to Switzerland, comprising 53% of total imports. The second position in the ranking was taken by France ($X), with a 15% share of total imports. It was followed by India, with a 9.4% share.

From 2012 to 2022, the average annual growth rate of value from Turkey amounted to +17.2%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+3.1% per year) and India (+50.3% per year).

Import Prices by Country

The average cotton lint import price stood at $X per ton in 2022, with an increase of 19% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 45%. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Israel ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+41.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :