ASEAN: Cotton Lint Market 2024

Cotton Lint Market Size in ASEAN

In 2022, the ASEAN cotton lint market increased by X% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Cotton Lint Production in ASEAN

In value terms, cotton lint production contracted to $X in 2022 estimated in export price. In general, production, however, recorded a noticeable downturn. The growth pace was the most rapid in 2016 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Myanmar (X tons) constituted the country with the largest volume of cotton lint production, comprising approx. X% of total volume. It was followed by Lao People's Democratic Republic (X tons), with a X% share of total production.

From 2012 to 2022, the average annual growth rate of volume in Myanmar amounted to X%. In the other countries, the average annual rates were as follows: Lao People's Democratic Republic (X% per year) and Singapore (X% per year).

The average cotton lint yield stood at X tons per ha in 2022, increasing by X% on 2021 figures. Overall, the yield, however, continues to indicate a perceptible decrease. Over the period under review, the cotton lint yield reached the peak level at X tons per ha in 2016; however, from 2017 to 2022, the yield remained at a lower figure. 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 reached X ha in 2022, with an increase of X% against 2021 figures. Over the period under review, the harvested area, however, saw a noticeable curtailment. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The level of harvested area peaked at X ha in 2014; however, from 2015 to 2022, the harvested area stood at a somewhat lower figure.

Cotton Lint Exports

Exports in ASEAN

In 2022, shipments abroad of cotton lint was finally on the rise to reach X tons after two years of decline. Over the period under review, exports, however, showed a abrupt setback. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, cotton lint exports surged to $X in 2022. Overall, exports, however, faced a deep downturn. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Vietnam (X tons) and Myanmar (X tons) represented the major exporters of cotton lint in 2022, reaching approx. X% and X% of total exports, respectively. Malaysia (X tons) took the next position in the ranking, followed by Indonesia (X tons). All these countries together held near X% share of total exports. The Philippines (X tons) held a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Vietnam (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest cotton lint supplying countries in ASEAN were Vietnam ($X), Myanmar ($X) and Indonesia ($X), together accounting for X% of total exports.

Vietnam, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2022, rising by X% against the previous year. Export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cotton lint export price increased by X% against 2020 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced a decline in the export price figures.

Cotton Lint Imports

Imports in ASEAN

Cotton lint imports reduced to X tons in 2022, falling by X% compared with 2021. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, cotton lint imports surged to $X in 2022. Total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

Vietnam represented the main importing country with an import of about X tons, which resulted at X% of total imports. Indonesia (X tons) took the second position in the ranking, distantly followed by Thailand (X tons) and Malaysia (X tons). All these countries together held near X% share of total imports.

Vietnam was also the fastest-growing in terms of the cotton lint imports, with a CAGR of X% from 2012 to 2022. Indonesia (X%), Thailand (X%) and Malaysia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Vietnam increased by X percentage points.

In value terms, Vietnam ($X) constitutes the largest market for imported cotton lint in ASEAN, comprising X% of total imports. The second position in the ranking was taken by Indonesia ($X), with a X% share of total imports. It was followed by Thailand, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Vietnam stood at X%. In the other countries, the average annual rates were as follows: Indonesia (X% per year) and Thailand (X% per year).

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per ton, increasing by X% against the previous year. Import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cotton lint import price increased by X% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Thailand ($X per ton) and Vietnam ($X per ton), while Malaysia ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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