Argentina: Cotton Lint Market 2024

Cotton Lint Market Size in Argentina

The Argentinian cotton lint market expanded remarkably to $X in 2022, picking up by X% against the previous year. 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 throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Cotton Lint Production in Argentina

In value terms, cotton lint production reduced slightly to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

In 2022, the average cotton lint yield in Argentina soared to X tons per ha, with an increase of X% compared with 2021. In general, the yield indicated strong growth from 2012 to 2022: its figure 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 yield decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2017 when the yield increased by X%. Over the period under review, the average cotton lint yield reached the peak level at X tons per ha in 2019; however, from 2020 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the cotton lint harvested area in Argentina stood at X ha, flattening at 2021 figures. Over the period under review, the harvested area, however, saw a noticeable downturn. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to cotton lint production reached the maximum at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

Cotton Lint Exports

Exports from Argentina

In 2022, overseas shipments of cotton lint decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, continue to indicate a noticeable expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The exports peaked at X tons in 2021, and then contracted remarkably in the following year.

In value terms, cotton lint exports stood at $X in 2022. In general, exports, however, enjoyed a notable increase. The growth pace was the most rapid in 2018 with an increase of X%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Vietnam (X tons), Pakistan (X tons) and Turkey (X tons) were the main destinations of cotton lint exports from Argentina, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Pakistan (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cotton lint exported from Argentina were Vietnam ($X), Pakistan ($X) and Turkey ($X), with a combined X% share of total exports.

Among the main countries of destination, Pakistan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average cotton lint export price stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, export price indicated a temperate expansion 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. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the near future.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were China ($X per ton) and Pakistan ($X per ton), while the average price for exports to Indonesia ($X per ton) and Thailand ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cotton Lint Imports

Imports into Argentina

In 2022, overseas purchases of cotton lint increased by X% to X kg, rising for the second consecutive year after two years of decline. In general, imports, however, continue to indicate a precipitous shrinkage. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, cotton lint imports surged to $X in 2022. Over the period under review, imports, however, saw a sharp contraction. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X kg) was the main supplier of cotton lint to Argentina, accounting for a approx. X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at X%.

In value terms, the United States ($X) constituted the largest supplier of cotton lint to Argentina.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at X%.

Import Prices by Country

In 2022, the average cotton lint import price amounted to $X per ton, standing approx. at the previous year. In general, the import price posted a significant expansion. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to X% per year.

Source: IndexBox Platform

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