Spain: Cotton Lint Market 2024

Cotton Lint Market Size in Spain

The Spanish cotton lint market surged to $X in 2022, picking up by X% against the previous year. Overall, the total consumption indicated a slight increase 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, consumption increased by X% against 2019 indices. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Cotton Lint Production in Spain

In value terms, cotton lint production shrank slightly to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

In 2022, the average yield of cotton lint in Spain dropped to X tons per ha, with a decrease of X% on the previous year. The yield figure increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 when the yield increased by X% against the previous year. The cotton lint yield peaked at X tons per ha in 2021, and then fell slightly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of cotton lint were harvested in Spain; increasing by X% against the previous year. Overall, the harvested area, however, continues to indicate a slight reduction. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, the harvested area attained the peak level of X ha. From 2015 to 2022, the growth of the cotton lint harvested area remained at a somewhat lower figure.

Cotton Lint Exports

Exports from Spain

In 2022, approx. X tons of cotton lint were exported from Spain; which is down by X% on the previous year's figure. Overall, exports saw a abrupt shrinkage. The growth pace was the most rapid in 2019 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, cotton lint exports dropped notably to $X in 2022. Over the period under review, exports showed a pronounced setback. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Turkey (X tons), Pakistan (X tons) and Portugal (X tons) were the main destinations of cotton lint exports from Spain, with a combined X% share of total exports. Bangladesh, Morocco, France, Greece, Italy, Indonesia, Algeria, Sweden, Germany and China lagged somewhat behind, together accounting for a further X%.

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

In value terms, Pakistan ($X), Turkey ($X) and Portugal ($X) appeared to be the largest markets for cotton lint exported from Spain worldwide, with a combined X% share of total exports. Morocco, Bangladesh, Italy, France, Greece, Indonesia, Germany, Algeria, Sweden and China lagged somewhat behind, together comprising a further X%.

Sweden, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average cotton lint export price amounted to $X per ton, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Sweden ($X per ton) was 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 Spain

In 2022, overseas purchases of cotton lint decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons, and then dropped significantly in the following year.

In value terms, cotton lint imports contracted slightly to $X in 2022. In general, total imports indicated a noticeable increase 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 2018 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then contracted slightly in the following year.

Imports by Country

In 2022, Turkey (X tons) constituted the largest supplier of cotton lint to Spain, with a X% share of total imports. Moreover, cotton lint imports from Turkey exceeded the figures recorded by the second-largest supplier, Argentina (X tons), fourfold. The third position in this ranking was held by France (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (X% per year) and France (X% per year).

In value terms, Turkey ($X) constituted the largest supplier of cotton lint to Spain, comprising X% of total imports. The second position in the ranking was taken by Argentina ($X), with a X% share of total imports. It was followed by Portugal, with an X% share.

From 2012 to 2022, the average annual growth rate of value from Turkey stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (X% per year) and Portugal (X% per year).

Import Prices by Country

In 2022, the average cotton lint import price amounted to $X per ton, growing by X% against the previous year. Overall, import price indicated a measured increase 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 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 supplying countries. In 2022, amid the top importers, the country with the highest price was Pakistan ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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