Cotton Market - India Is the World’s Leading Cotton Lint Exporter despite 30% Drop in 2014

Fibre Crops September 29, 2015
Author: Svetlana Sitkova
Head of Industrial Research Department

cotton market

India dominates in the global cotton lint trade. In 2014, India exported 63 thousand tonnes of cotton lint totaling 26 million USD, 30% under the previous year. Its primary trading partner on the global cotton market was China, where it supplied 80% of its total cotton lint exports in value terms, accounting for 36% of China's total imports.

Overall, the global cotton lint trade reached to 93 million USD, with a CAGR of 3% from 2007 to 2014. In physical terms, it showed mixed dynamics, but ultimately decreased from 177 thousand tonnes in 2007 to 157 thousand tonnes in 2014.

In 2014, the main importer was China (61%). It was followed by Japan (16%), Spain (9%), Italy (2%) and Switzerland (2%). These five leaders made up 90% of global imports. The share of China increased significantly (+21 percentage points), while the share of Italy illustrated negative dynamics (-6 percentage points).

The U.S. and Turkey were among the other main global suppliers of cotton lint in 2014 with a combined share of 24% of global exports. However, the fastest growing exporters from 2007 to 2014 were Belgium (+186% per year) and the United Republic of Tanzania (+120% per year). India significantly strengthened its position in the global export structure, from 8% in 2007 to 28% in 2014.

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Source: World: Cotton Lint - Market Report. Analysis And Forecast To 2020