Global Cotton Fabric Market 2025

Cotton Fabric Market Size

The global cotton fabric market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the global market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Cotton Fabric Production

In value terms, cotton fabric production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.1% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the production volume increased by 7.4% against the previous year. Over the period under review, global production hit record highs at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Cotton Fabric Exports

Exports

In 2021, approx. X tons of woven fabrics of cotton were exported worldwide; rising by 24% against the previous year's figure. Over the period under review, total exports indicated a noticeable increase from 2012 to 2021: its volume increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -7.7% against 2016 indices. The pace of growth appeared the most rapid in 2016 when exports increased by 45% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the global exports failed to regain momentum.

In value terms, cotton fabric exports surged to $X in 2021. The total export value increased at an average annual rate of +1.3% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The global exports peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

China dominates exports structure, amounting to X tons, which was near 57% of total exports in 2021. Turkey (X tons) held the second position in the ranking, followed by Pakistan (X tons) and India (X tons). All these countries together held approx. 20% share of total exports. The following exporters - Italy (X tons), Hong Kong SAR (X tons) and Spain (X tons) - each reached a 5.1% share of total exports.

Exports from China increased at an average annual rate of +4.2% from 2012 to 2021. At the same time, India (+29.3%), Pakistan (+21.3%), Turkey (+8.1%), Spain (+7.6%) and Italy (+1.6%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in the world, with a CAGR of +29.3% from 2012-2021. By contrast, Hong Kong SAR (-6.3%) illustrated a downward trend over the same period. While the share of India (+5 p.p.), Pakistan (+4.9 p.p.) and Turkey (+2 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of Hong Kong SAR (-2.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest cotton fabric supplier worldwide, comprising 48% of global exports. The second position in the ranking was held by India ($X), with an 8.7% share of global exports. It was followed by Pakistan, with an 8.2% share.

In China, cotton fabric exports expanded at an average annual rate of +2.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: India (+8.4% per year) and Pakistan (+3.8% per year).

Export Prices by Country

The average cotton fabric export price stood at $X per ton in 2021, with an increase of 2.3% against the previous year. Over the period under review, the export price, however, saw a perceptible reduction. The growth pace was the most rapid in 2018 when the average export price increased by 20%. The global export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (-1.8%), while the other global leaders experienced a decline in the export price figures.

Cotton Fabric Imports

Imports

In 2021, supplies from abroad of woven fabrics of cotton increased by 22% to X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +2.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, global imports hit record highs at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, cotton fabric imports skyrocketed to $X in 2021. In general, imports recorded a relatively flat trend pattern. Global imports peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Bangladesh (X tons), distantly followed by Mali (X tons), Turkey (X tons), Vietnam (X tons), Italy (X tons), Indonesia (X tons), Cambodia (X tons), Mexico (X tons), the United States (X tons), Colombia (X tons), South Korea (X tons), Sri Lanka (X tons) and China (X tons) represented the main importers of woven fabrics of cotton, together constituting 53% of total imports. The following importers - Mali (X tons), Turkey (X tons), Vietnam (X tons), Italy (X tons), Indonesia (X tons), Cambodia (X tons), Mexico (X tons), the United States (X tons), Colombia (X tons), South Korea (X tons), Sri Lanka (X tons) and China (X tons) - together made up 35% of total imports.

From 2012 to 2021, average annual rates of growth with regard to cotton fabric imports into Bangladesh stood at +5.8%. At the same time, Mali (+44.0%), Mexico (+19.5%), Colombia (+11.4%), Cambodia (+11.3%), Sri Lanka (+4.7%), Italy (+3.7%) and South Korea (+3.2%) displayed positive paces of growth. Moreover, Mali emerged as the fastest-growing importer imported in the world, with a CAGR of +44.0% from 2012-2021. Indonesia and Turkey experienced a relatively flat trend pattern. By contrast, China (-1.6%), Vietnam (-2.2%) and the United States (-5.2%) illustrated a downward trend over the same period. While the share of Mali (+4.2 p.p.), Bangladesh (+4 p.p.) and Mexico (+2.2 p.p.) increased significantly in terms of the global imports from 2012-2021, the share of Vietnam (-1.9 p.p.) and the United States (-2.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Bangladesh ($X) constitutes the largest market for imported woven fabrics of cotton worldwide, comprising 18% of global imports. The second position in the ranking was taken by Vietnam ($X), with a 4.8% share of global imports. It was followed by the United States, with a 3.5% share.

From 2012 to 2021, the average annual growth rate of value in Bangladesh stood at +4.3%. In the other countries, the average annual rates were as follows: Vietnam (+1.6% per year) and the United States (-3.6% per year).

Import Prices by Country

In 2021, the average cotton fabric import price amounted to $X per ton, rising by 4.1% against the previous year. Over the period under review, the import price, however, showed a perceptible setback. Global import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mali (+7.1%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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