Vietnam: Cotton Linters Market 2024

Cotton Linters Market Size in Vietnam

The Vietnamese cotton linters market amounted to $X in 2021, leveling off at the previous year. Over the period under review, consumption, however, continues to indicate significant growth. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Cotton Linters Production in Vietnam

In value terms, cotton linters production shrank to $X in 2021 estimated in export price. Over the period under review, the total production indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +49.0% against 2016 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by 31%. Cotton linters production peaked at $X in 2020, and then reduced in the following year.

Cotton Linters Exports

Exports from Vietnam

In 2021, shipments abroad of cotton linters decreased by -49.8% to X kg for the first time since 2018, thus ending a two-year rising trend. In general, exports, however, posted buoyant growth. The pace of growth was the most pronounced in 2016 with an increase of 7,689%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, cotton linters exports shrank sharply to $X in 2021. Over the period under review, exports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2016 when exports increased by 4,357%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

China (X kg) was the main destination for cotton linters exports from Vietnam, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to China amounted to +17.8%.

In value terms, China ($X) also remains the key foreign market for cotton linters exports from Vietnam.

From 2012 to 2021, the average annual rate of growth in terms of value to China stood at +26.3%.

Export Prices by Country

The average cotton linters export price stood at $X per ton in 2021, remaining relatively unchanged against the previous year. In general, the export price, however, showed a buoyant expansion. The growth pace was the most rapid in 2019 an increase of 59%. Over the period under review, the average export prices hit record highs at $X per ton in 2020, and then dropped slightly in the following year.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +7.2% per year.

Cotton Linters Imports

Imports into Vietnam

In 2021, cotton linters imports into Vietnam declined to X tons, which is down by -6.6% compared with the year before. Overall, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2017 when imports increased by 2,487% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, cotton linters imports expanded slightly to $X in 2021. In general, imports, however, continue to indicate significant growth. The growth pace was the most rapid in 2017 with an increase of 2,658%. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, South Africa (X tons) constituted the largest supplier of cotton linters to Vietnam, with a 71% share of total imports. Moreover, cotton linters imports from South Africa exceeded the figures recorded by the second-largest supplier, Lao People's Democratic Republic (X tons), fourfold. The third position in this ranking was taken by China (X tons), with a 3.4% share.

From 2012 to 2021, the average annual growth rate of volume from South Africa stood at +18.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Lao People's Democratic Republic (+101.1% per year) and China (+13.4% per year).

In value terms, South Africa ($X) constituted the largest supplier of cotton linters to Vietnam, comprising 85% of total imports. The second position in the ranking was held by Malawi ($X), with an 8.5% share of total imports. It was followed by Lao People's Democratic Republic, with a 2.7% share.

From 2012 to 2021, the average annual growth rate of value from South Africa stood at +21.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Malawi (0.0% per year) and Lao People's Democratic Republic (+80.5% per year).

Import Prices by Country

In 2021, the average cotton linters import price amounted to $X per ton, rising by 12% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 61% against the previous year. The import price peaked in 2021 and is expected to retain growth in the immediate term.

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 Malawi ($X per ton), while the price for Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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