Thailand: Market for Cotton (Carded Or Combed) 2024

Market Size for Cotton (Carded Or Combed) in Thailand

The Thai cotton (carded or combed) market soared to $X in 2022, increasing by 43% against the previous year. Overall, consumption, however, faced a abrupt downturn. Cotton (carded or combed) consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Cotton (Carded Or Combed) in Thailand

In value terms, cotton (carded or combed) production amounted to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with a decrease of 99.9% against the previous year. Cotton (carded or combed) production peaked at $X in 2016; afterwards, it flattened through to 2022.

Exports of Cotton (Carded Or Combed)

Exports from Thailand

In 2022, the amount of cotton (carded or combed) exported from Thailand fell sharply to X tons, which is down by -53.4% compared with 2021. In general, exports, however, posted a significant increase. The growth pace was the most rapid in 2013 with an increase of 1,161%. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, cotton (carded or combed) exports declined rapidly to $X in 2022. Overall, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 1,432% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Japan (X tons) was the main destination for cotton (carded or combed) exports from Thailand, with a 100% share of total exports. It was followed by Vietnam (X kg), with less than 0.1% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Japan amounted to +113.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (-13.4% per year) and South Korea (-76.3% per year).

In value terms, Japan ($X) remains the key foreign market for cotton (carded or combed) exports from Thailand, comprising 99.9% of total exports. The second position in the ranking was held by Vietnam ($X), with less than 0.1% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Japan stood at +109.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (-23.0% per year) and South Korea (-74.4% per year).

Export Prices by Country

In 2022, the average cotton (carded or combed) export price amounted to $X per ton, rising by 61% against the previous year. Over the period under review, the export price saw a modest expansion. The most prominent rate of growth was recorded in 2019 an increase of 104% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Vietnam ($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 South Korea (+8.2%), while the prices for the other major destinations experienced a decline.

Imports of Cotton (Carded Or Combed)

Imports into Thailand

In 2022, purchases abroad of cotton (carded or combed) increased by 261% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2017 when imports increased by 346% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, cotton (carded or combed) imports surged to $X in 2022. Overall, imports, however, saw a abrupt descent. The pace of growth appeared the most rapid in 2017 when imports increased by 422% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Indonesia (X tons) constituted the largest cotton (carded or combed) supplier to Thailand, accounting for a 65% share of total imports. Moreover, cotton (carded or combed) imports from Indonesia exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), fourfold. India (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from Indonesia totaled -11.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (-2.6% per year) and India (+4.0% per year).

In value terms, Indonesia ($X) constituted the largest supplier of cotton (carded or combed) to Thailand, comprising 68% of total imports. The second position in the ranking was taken by Japan ($X), with a 12% share of total imports. It was followed by Vietnam, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from Indonesia amounted to -3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+45.2% per year) and Vietnam (+4.6% per year).

Import Prices by Country

The average cotton (carded or combed) import price stood at $X per ton in 2022, declining by -40.2% against the previous year. Overall, the import price, however, showed a prominent expansion. The pace of growth appeared the most rapid in 2020 when the average import price increased by 187% against the previous year. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the average import prices remained 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 Japan ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :