United Kingdom: Cotton Lint Market 2024

Cotton Lint Market Size in the UK

In 2022, the UK cotton lint market increased by 34,877% to $X, rising for the second year in a row after two years of decline. In general, consumption showed a significant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Cotton Lint Production in the UK

In value terms, cotton lint production amounted to less than $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern.

The average yield of cotton lint in the UK amounted to less than X kg per ha in 2022, almost unchanged from the previous year. Over the period under review, the yield recorded 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.

The cotton lint harvested area in the UK stood at less than X ha in 2022, standing approx. at the year before. In general, the harvested area continues to indicate a relatively flat trend pattern.

Cotton Lint Exports

Exports from the UK

In 2022, overseas shipments of cotton lint decreased by -38% to X tons, falling for the second year in a row after two years of growth. Overall, exports, however, showed a tangible expansion. The pace of growth appeared the most rapid in 2019 when exports increased by 345%. Over the period under review, the exports attained the peak figure at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, cotton lint exports reduced dramatically to $X in 2022. Over the period under review, exports, however, posted a tangible expansion. The pace of growth appeared the most rapid in 2019 with an increase of 217%. Over the period under review, the exports reached the peak figure at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons), Germany (X tons) and the Czech Republic (X tons) were the main destinations of cotton lint exports from the UK, with a combined 48% share of total exports. Ireland, Italy, Denmark, Portugal, Australia, Kenya, Norway, Romania, the Netherlands and the United Arab Emirates lagged somewhat behind, together comprising a further 42%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kenya (with a CAGR of +137.6%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), the Czech Republic ($X) and Germany ($X) constituted the largest markets for cotton lint exported from the UK worldwide, with a combined 45% share of total exports. Denmark, Italy, Portugal, Ireland, Australia, the United Arab Emirates, the Netherlands, Romania, Norway and Kenya lagged somewhat behind, together comprising a further 24%.

Romania, with a CAGR of +70.0%, saw 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 2022, the average cotton lint export price amounted to $X per ton, increasing by 15% against the previous year. In general, the export price, however, continues to indicate a mild decline. The growth pace was the most rapid in 2018 an increase of 81%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Kenya ($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 the Czech Republic (+10.9%), while the prices for the other major destinations experienced more modest paces of growth.

Cotton Lint Imports

Imports into the UK

In 2022, purchases abroad of cotton lint was finally on the rise to reach X tons after three years of decline. Over the period under review, imports, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2018 when imports increased by 57%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, cotton lint imports surged to $X in 2022. Overall, imports, however, saw a deep contraction. The pace of growth was the most pronounced in 2018 with an increase of 77% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Portugal (X tons) constituted the largest supplier of cotton lint to the UK, with a 43% share of total imports. Moreover, cotton lint imports from Portugal exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. The third position in this ranking was taken by China (X tons), with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Portugal amounted to +44.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+16.5% per year) and China (-8.5% per year).

In value terms, the largest cotton lint suppliers to the UK were Portugal ($X), Canada ($X) and China ($X), with a combined 76% share of total imports.

Canada, with a CAGR of +105.9%, saw 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 2022, the average cotton lint import price amounted to $X per ton, growing by 39% against the previous year. Overall, the import price enjoyed a moderate expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($X per ton), while the price for Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+19.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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