EU: Cotton Yarn Market 2024

Cotton Yarn Market Size in the EU

The EU cotton yarn market stood at $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption, however, saw a mild curtailment. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Cotton Yarn Production in the EU

In value terms, cotton yarn production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a perceptible downturn. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Cotton Yarn Exports

Exports in the EU

In 2022, cotton yarn exports in the European Union shrank to X tons, falling by X% against the year before. Overall, exports showed a pronounced decline. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, cotton yarn exports reduced slightly to $X in 2022. In general, exports saw a slight reduction. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Spain (X tons) and Italy (X tons) represented the major exporters of cotton yarn in 2022, accounting for approx. X% and X% of total exports, respectively. Germany (X tons) ranks next in terms of the total exports with a X% share, followed by Portugal (X%), Poland (X%) and Belgium (X%). Greece (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Poland (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Italy ($X) remains the largest cotton yarn supplier in the European Union, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with a X% share of total exports. It was followed by Spain, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Italy was relatively modest. In the other countries, the average annual rates were as follows: Germany (X% per year) and Spain (X% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 when the export price increased by X% against the previous year. The level of export peaked in 2022 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 Italy ($X per ton), while Spain ($X per ton) was amongst the lowest.

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

Cotton Yarn Imports

Imports in the EU

In 2022, approx. X tons of cotton yarn were imported in the European Union; with a decrease of X% compared with the previous year. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X%. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, cotton yarn imports rose markedly to $X in 2022. In general, imports, however, saw a slight expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2013; afterwards, it flattened through to 2022.

Imports by Country

In 2022, Portugal (X tons) and Italy (X tons) represented the main importers of cotton yarn in the European Union, together making up X% of total imports. Germany (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Poland (X%), Spain (X%) and France (X%). The Czech Republic (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Portugal (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Portugal ($X) and Germany ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

In terms of the main importing countries, Portugal, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per ton in 2022, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while Poland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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