Italy: Cotton Yarn Market 2024

Cotton Yarn Market Size in Italy

The Italian cotton yarn market rose notably to $X in 2022, growing by X% against the previous year. In general, consumption showed a relatively flat trend pattern. Cotton yarn consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Cotton Yarn Production in Italy

In value terms, cotton yarn production rose to $X in 2022 estimated in export price. Overall, production continues to indicate a mild descent. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Cotton yarn production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Cotton Yarn Exports

Exports from Italy

In 2023, approx. X tons of cotton yarn were exported from Italy; with a decrease of X% compared with 2022. Over the period under review, exports recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked at X tons in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, cotton yarn exports reduced dramatically to $X in 2023. Overall, exports continue to indicate a mild setback. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for cotton yarn exports from Italy, accounting for a X% share of total exports. Moreover, cotton yarn exports to Germany exceeded the volume sent to the second major destination, France (X tons), twofold. The third position in this ranking was held by Hungary (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Germany amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Hungary (X% per year).

In value terms, Germany ($X), the Czech Republic ($X) and France ($X) constituted the largest markets for cotton yarn exported from Italy worldwide, together comprising X% of total exports. Hungary, the UK, Austria, Portugal, Turkey, Romania, Croatia, Spain, Egypt and Belgium lagged somewhat behind, together comprising a further X%.

Portugal, with a CAGR of X%, saw the highest growth rate of the value of exports, among 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

The average cotton yarn export price stood at $X per ton in 2023, with an increase of X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2022 an increase of X%. Over the period under review, the average export prices hit record highs in 2023 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Romania (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cotton Yarn Imports

Imports into Italy

After two years of growth, overseas purchases of cotton yarn decreased by X% to X tons in 2023. Over the period under review, imports showed a mild reduction. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2022, and then dropped remarkably in the following year.

In value terms, cotton yarn imports fell rapidly to $X in 2023. Overall, imports showed a slight downturn. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2022, and then dropped significantly in the following year.

Imports by Country

In 2023, Turkey (X tons) constituted the largest supplier of cotton yarn to Italy, accounting for a X% share of total imports. Moreover, cotton yarn imports from Turkey exceeded the figures recorded by the second-largest supplier, India (X tons), twofold. Pakistan (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Turkey was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Pakistan (X% per year).

In value terms, the largest cotton yarn suppliers to Italy were Turkey ($X), India ($X) and China ($X), together comprising X% of total imports. Egypt, Pakistan, Poland, Spain and Bosnia and Herzegovina lagged somewhat behind, together accounting for a further X%.

Poland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average cotton yarn import price amounted to $X per ton, falling by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton, and then fell in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Bosnia and Herzegovina ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Bosnia and Herzegovina (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform