Home / Knowledge / News / Textiles / Global cotton trade grows 20% during 2016-18

Global cotton trade grows 20% during 2016-18

03
Oct '19
Pic: Shutterstock
Pic: Shutterstock
After showing a declining trend from 2013 to 2016, global cotton trade grew at CAGR of 20.38 per cent from $17.109 billion in 2016 to $24.795 billion in 2018, according to data from TexPro. Global cotton trade rose 14.95 per cent in 2018 over the previous year. It is anticipated to reach $34.538 billion in 2021 increasing at CAGR of 11.42 per cent from 2018.

In terms of volume, the global cotton trade was 12.237 million tonnes in 2016, which increased to 12.651 million tonnes in 2018 with a CAGR of 1.8 per cent. The total trade volume gained 6.41 per cent in 2018 compared to 2017. It is anticipated to reach 14.398 million tonnes in 2021 with a CAGR of 4.10 per cent from 2018, according to Fibre2Fashion's market analysis tool TexPro.

In terms of value, the global cotton export was $9.025 billion in 2016, which increased to $13.548 billion in 2018 with a CAGR of 22.52 per cent. The overall cotton export moved up by 17.15 per cent in 2018 over the previous year. It is anticipated to reach $20.303 billion in 2021 with a CAGR of 14.44 per cent from 2018.

Global cotton export, in terms of volume, was 7.397 million tonnes in 2016, which dropped by 4.69 per cent to 7.050 million tonnes in 2018. The overall cotton export rose by 8.00 per cent in 2018 over cotton export in 2017. It is expected to reach 8.683 million tonnes in 2021 with a CAGR of 7.19 per cent from 2018.

In terms of value, the global cotton import was $8.084 billion in 2016 which grew at CAGR of 17.95 per cent to $11.246 billion in 2018. The overall cotton import jumped 12.40 per cent in 2018 over the previous year. It is anticipated to reach $14.234 billion in 2021 with a CAGR of 8.17 per cent from 2018.

Global cotton import, in terms of volume, was 4.840 million tonnes in 2016, which rose at CAGR of 7.58 per cent to 5.601 million tonnes in 2018. The overall cotton import increased by 4.47 per cent in 2018 over the cotton import in 2017. It is forecast to grow marginally at CAGR of 0.67 per cent to 5.714 million tonnes in 2021 from 2018.

In 2018, US (3,582.75 thousand tonnes), Indonesia (1,146.43 thousand tonnes), Brazil (915.54 thousand tonnes), Australia (478.77 thousand tonnes) and Greece (214.68 thousand tonnes) were the key exporters of cotton across the globe, together comprising 90 per cent of total exports. It was distantly followed by the Cote d Ivoire (165.31 thousand tonnes), Turkey (94.23 thousand tonnes), Argentina (90.96 thousand tonnes), Mexico (65.29 thousand tonnes) and Spain (61.80 thousand tonnes).

From 2013 to 2018, the most notable rate of growth in terms of export, amongst the main exporting countries, was attained by US (28.37 per cent) and Brazil (58.82 per cent).

In value terms, US ($6,562.68 million), India ($2,234.28 million), Brazil ($1,587.34 million), Australia ($958.34 million), Greece ($396.75 million) and Cote d Ivoire ($288.64 million) were the key exporters of cotton across the globe in 2018, together comprising 88.77 per cent of total export. It was followed by Turkey ($176.57 million), Argentina ($144.89 million), Spain ($117.26 million) and Mexico ($105.14 million).

From 2013 to 2018, the most notable rate of growth in terms of export, amongst the main exporting countries, was shown by US (17.34 per cent), Brazil (43.49 per cent), Turkey (76.10 per cent) and Argentina (248.68 per cent).

In 2018, China (1,572.87 thousand tonnes), Indonesia (758.78 thousand tonnes), Turkey (751.28 thousand tonnes), Pakistan (605.98 thousand tonnes) and India (270.34 thousand tonnes) were the key importers of cotton across the globe, together comprising 70.68 per cent of total imports. It was followed by Thailand (258.91 thousand tonnes), Mexico (198.74 thousand tonnes) and South Korea (197.11 thousand tonnes).

From 2013 to 2018, the most notable rate of growth in terms of import, amongst the main importing countries, was registered by Pakistan (61.28 per cent), India (56.82 per cent) and Indonesia (12.88 per cent).

In value terms, China ($3,165.50 million), Indonesia ( $1,434.17 million), Turkey ($1,394.19 million), Pakistan ($1,098.40 million), India ($625.95 million) and Thailand ($522.96 million) were the key importers of cotton across the globe in 2018, together comprising 73.28 per cent of total import. It was followed by South Korea ($395.12 million), Mexico ($387.28 million), Malaysia ($332.65 million) and Taiwan ($253.95 million).

From 2013 to 2018, the most notable rate of growth in terms of import, amongst the main importing countries, was attained by India (58.26 per cent) and Pakistan (42.40 per cent).

Fibre2Fashion News Desk (RKS)


Interviews View All

Nishank Patel, Shri Dinesh Mills Limited

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Top executives, Machinery Company

Top executives
Machinery Company

We will promote latest technologies at ITMA Barcelona

Sunil Kumar Sharma, Loknayak JPNSSSG Ltd

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Lin Jing,

Lin Jing

Jiangsu New Victor is a Chinese mechanical equipment manufacturing...

Farheen B Rahman & Priti Jain,

Farheen B Rahman & Priti Jain

Founded by business-designer duo <b>Priti Jain and Farheen Rahman</b>,...

Arup Chakraborty,

Arup Chakraborty

Mirrorsize is a US-based start-up that provides artificial intelligence...

Marten Alkhagen, Swerea IVF AB

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Daniel Kaye, RocketLife

Daniel Kaye
RocketLife

<div>RocketLife, an award-winning developer of breakthrough visual...

Georg Reinhold, Trützschler  Nonwovens & Man-Made Fibers

Georg Reinhold
Trützschler Nonwovens & Man-Made Fibers

Trützschler Nonwovens & Man-Made Fibers, a part of the Trützschler Group,...

Amiben Shroff, Shrujan

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Mike Hoffman, Gildan Activewear SRL

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Sneha Arora, Label Sneha Arora

Sneha Arora
Label Sneha Arora

Sneha Arora, an alumnus of National Institute of Fashion Technology,...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


October 2019

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search