European Union's Cotton Yarn Market to See Slight Growth with Volume Expected to Reach 412K Tons and Value to Reach $2.7B by 2035 - News and Statistics - IndexBox

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IndexBox has just published a new report: EU - Cotton Yarn - Market Analysis, Forecast, Size, Trends And Insights.

The European Union cotton yarn market is expected to experience a slight increase in performance, with a forecasted CAGR of +0.4% in volume and +1.6% in value from 2024 to 2035. This growth is attributed to the rising demand for cotton yarn in the region, leading to a positive outlook for the market in the coming years.

Driven by rising demand for cotton yarn in the European Union, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +0.4% for the period from 2024 to 2035, which is projected to bring the market volume to 412K tons by the end of 2035.

In value terms, the market is forecast to increase with an anticipated CAGR of +1.6% for the period from 2024 to 2035, which is projected to bring the market value to $2.7B (in nominal wholesale prices) by the end of 2035.

Cotton yarn consumption expanded remarkably to 395K tons in 2024, picking up by 11% against the previous year's figure. Over the period under review, consumption, however, continues to indicate a perceptible contraction. Over the period under review, consumption reached the peak volume at 606K tons in 2018; however, from 2019 to 2024, consumption remained at a lower figure.

The size of the cotton yarn market in the European Union soared to $2.3B in 2024, with an increase of 30% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, continues to indicate a perceptible decline. The level of consumption peaked at $3.1B in 2013; however, from 2014 to 2024, consumption remained at a lower figure.

The countries with the highest volumes of consumption in 2024 were Italy (137K tons), Portugal (95K tons) and Spain (51K tons), with a combined 72% share of total consumption.

From 2013 to 2024, the biggest increases were recorded for Italy (with a CAGR of -0.9%), while consumption for the other leaders experienced a decline in the consumption figures.

In value terms, Italy ($1.2B) led the market, alone. The second position in the ranking was taken by Portugal ($346M). It was followed by Spain.

In Italy, the cotton yarn market remained relatively stable over the period from 2013-2024. The remaining consuming countries recorded the following average annual rates of market growth: Portugal (-3.6% per year) and Spain (-7.0% per year).

In 2024, the highest levels of cotton yarn per capita consumption was registered in Portugal (9.4 kg per person), followed by Italy (2.3 kg per person), Greece (1.3 kg per person) and Spain (1.1 kg per person), while the world average per capita consumption of cotton yarn was estimated at 0.9 kg per person.

In Portugal, cotton yarn per capita consumption shrank by an average annual rate of -2.0% over the period from 2013-2024. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Italy (-0.7% per year) and Greece (-2.6% per year).

In 2024, the amount of cotton yarn produced in the European Union soared to 195K tons, increasing by 37% compared with the year before. Over the period under review, production, however, recorded a pronounced contraction. Over the period under review, production reached the peak volume at 360K tons in 2019; however, from 2020 to 2024, production failed to regain momentum.

In value terms, cotton yarn production skyrocketed to $1.5B in 2024 estimated in export price. In general, production, however, saw a noticeable contraction. Over the period under review, production reached the peak level at $2.1B in 2019; however, from 2020 to 2024, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2024 were Italy (96K tons), Spain (55K tons) and Portugal (9.7K tons), together comprising 83% of total production. Greece, Belgium, Germany and Denmark lagged somewhat behind, together accounting for a further 12%.

From 2013 to 2024, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Denmark (with a CAGR of +4.2%), while production for the other leaders experienced a decline in the production figures.

Cotton yarn imports dropped to 266K tons in 2024, waning by -12.9% compared with the previous year's figure. In general, imports saw a perceptible setback. The most prominent rate of growth was recorded in 2021 with an increase of 23%. The volume of import peaked at 410K tons in 2013; however, from 2014 to 2024, imports remained at a lower figure.

In value terms, cotton yarn imports fell dramatically to $1.3B in 2024. Overall, imports showed a noticeable decline. The pace of growth appeared the most rapid in 2021 when imports increased by 51% against the previous year. The level of import peaked at $2B in 2013; however, from 2014 to 2024, imports stood at a somewhat lower figure.

In 2024, Portugal (95K tons) was the main importer of cotton yarn, creating 36% of total imports. Italy (53K tons) held the second position in the ranking, distantly followed by Germany (29K tons), Poland (17K tons) and Spain (15K tons). All these countries together held near 43% share of total imports. The following importers - France (10K tons), Greece (7.7K tons), Bulgaria (6.3K tons), the Czech Republic (6.3K tons) and Belgium (5.7K tons) - together made up 14% of total imports.

From 2013 to 2024, the biggest increases were recorded for Greece (with a CAGR of +3.0%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest cotton yarn importing markets in the European Union were Portugal ($344M), Italy ($301M) and Germany ($159M), together comprising 64% of total imports.

In terms of the main importing countries, Portugal, with a CAGR of -0.6%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

In 2024, cotton yarn (other than sewing thread), containing 85% or more by weight of cotton, not put up for retail sale (227K tons) was the main type of cotton yarn, committing 85% of total imports. It was distantly followed by cotton yarn (other than sewing thread), containing less than 85% by weight of cotton, not put up for retail sale (32K tons), committing a 12% share of total imports. Cotton yarn (other than sewing thread), put up for retail sale (7.5K tons) held a relatively small share of total imports.

Imports of cotton yarn (other than sewing thread), containing 85% or more by weight of cotton, not put up for retail sale decreased at an average annual rate of -4.3% from 2013 to 2024. At the same time, cotton yarn (other than sewing thread), put up for retail sale (+2.3%) displayed positive paces of growth. Moreover, cotton yarn (other than sewing thread), put up for retail sale emerged as the fastest-growing type imported in the European Union, with a CAGR of +2.3% from 2013-2024. By contrast, cotton yarn (other than sewing thread), containing less than 85% by weight of cotton, not put up for retail sale (-1.7%) illustrated a downward trend over the same period. Cotton yarn (other than sewing thread), containing less than 85% by weight of cotton, not put up for retail sale (+2.6 p.p.) significantly strengthened its position in terms of the total imports, while cotton yarn (other than sewing thread), containing 85% or more by weight of cotton, not put up for retail sale saw its share reduced by -4% from 2013 to 2024, respectively. The shares of the other products remained relatively stable throughout the analyzed period.

In value terms, cotton yarn (other than sewing thread), containing 85% or more by weight of cotton, not put up for retail sale ($1.1B) constitutes the largest type of cotton yarn imported in the European Union, comprising 85% of total imports. The second position in the ranking was taken by cotton yarn (other than sewing thread), containing less than 85% by weight of cotton, not put up for retail sale ($98M), with a 7.8% share of total imports.

From 2013 to 2024, the average annual rate of growth in terms of the value of cotton yarn (other than sewing thread), containing 85% or more by weight of cotton, not put up for retail sale imports amounted to -4.4%. With regard to the other imported products, the following average annual rates of growth were recorded: cotton yarn (other than sewing thread), containing less than 85% by weight of cotton, not put up for retail sale (-3.5% per year) and cotton yarn (other than sewing thread), put up for retail sale (+0.5% per year).

The import price in the European Union stood at $4,735 per ton in 2024, which is down by -6.3% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 an increase of 23%. As a result, import price attained the peak level of $5,784 per ton. From 2023 to 2024, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major imported products. In 2024, the product with the highest price was cotton yarn (other than sewing thread), put up for retail sale ($12,057 per ton), while the price for cotton yarn (other than sewing thread), containing less than 85% by weight of cotton, not put up for retail sale ($3,092 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by cotton yarn (other than sewing thread), containing 85% or more by weight of cotton, not put up for retail sale (-0.1%), while the other products experienced a decline in the import price figures.

The import price in the European Union stood at $4,735 per ton in 2024, with a decrease of -6.3% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 an increase of 23% against the previous year. As a result, import price reached the peak level of $5,784 per ton. From 2023 to 2024, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Czech Republic ($7,232 per ton), while Poland ($3,334 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by the Czech Republic (+1.4%), while the other leaders experienced more modest paces of growth.

For the third consecutive year, the European Union recorded decline in shipments abroad of cotton yarn, which decreased by -27% to 66K tons in 2024. Overall, exports showed a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 21% against the previous year. The volume of export peaked at 155K tons in 2013; however, from 2014 to 2024, the exports failed to regain momentum.

In value terms, cotton yarn exports declined rapidly to $475M in 2024. In general, exports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2021 when exports increased by 38% against the previous year. The level of export peaked at $969M in 2013; however, from 2014 to 2024, the exports stood at a somewhat lower figure.

In 2024, Spain (19K tons), distantly followed by Italy (12K tons), Portugal (9.2K tons), Germany (6.3K tons), Greece (3.9K tons), Belgium (3K tons) and Poland (3K tons) represented the main exporters of cotton yarn, together committing 86% of total exports.

From 2013 to 2024, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Portugal (with a CAGR of +3.1%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Italy ($133M) remains the largest cotton yarn supplier in the European Union, comprising 28% of total exports. The second position in the ranking was taken by Germany ($65M), with a 14% share of total exports. It was followed by Spain, with a 12% share.

In Italy, cotton yarn exports declined by an average annual rate of -6.2% over the period from 2013-2024. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (-8.4% per year) and Spain (-5.4% per year).

Cotton yarn (other than sewing thread), containing 85% or more by weight of cotton, not put up for retail sale was the largest exported product with an export of about 41K tons, which finished at 62% of total exports. Cotton yarn (other than sewing thread), containing less than 85% by weight of cotton, not put up for retail sale (20K tons) ranks second in terms of the total exports with a 31% share, followed by cotton yarn (other than sewing thread), put up for retail sale (7.1%).

From 2013 to 2024, the most notable rate of growth in terms of shipments, amongst the main exported products, was attained by cotton yarn (other than sewing thread), put up for retail sale (with a CAGR of -1.1%), while the other products experienced a decline in the exports figures.

In value terms, cotton yarn (other than sewing thread), containing 85% or more by weight of cotton, not put up for retail sale ($283M) remains the largest type of cotton yarn supplied in the European Union, comprising 60% of total exports. The second position in the ranking was taken by cotton yarn (other than sewing thread), put up for retail sale ($116M), with a 24% share of total exports.

From 2013 to 2024, the average annual growth rate of the value of cotton yarn (other than sewing thread), containing 85% or more by weight of cotton, not put up for retail sale exports amounted to -7.9%. For the other products, the average annual rates were as follows: cotton yarn (other than sewing thread), put up for retail sale (-0.3% per year) and cotton yarn (other than sewing thread), containing less than 85% by weight of cotton, not put up for retail sale (-5.7% per year).

In 2024, the export price in the European Union amounted to $7,222 per ton, waning by -9.7% against the previous year. Over the period from 2013 to 2024, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2021 an increase of 14% against the previous year. Over the period under review, the export prices reached the peak figure at $7,996 per ton in 2023, and then reduced in the following year.

There were significant differences in the average prices amongst the major exported products. In 2024, the product with the highest price was cotton yarn (other than sewing thread), put up for retail sale ($24,714 per ton), while the average price for exports of cotton yarn (other than sewing thread), containing less than 85% by weight of cotton, not put up for retail sale ($3,721 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by cotton yarn (other than sewing thread), containing 85% or more by weight of cotton, not put up for retail sale (+1.4%), while the other products experienced mixed trends in the export price figures.

In 2024, the export price in the European Union amounted to $7,222 per ton, dropping by -9.7% against the previous year. Over the period from 2013 to 2024, it increased at an average annual rate of +1.4%. The pace of growth was the most pronounced in 2021 an increase of 14% against the previous year. Over the period under review, the export prices hit record highs at $7,996 per ton in 2023, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Italy ($10,666 per ton), while Greece ($2,776 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Germany (+3.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the cotton yarn market in the EU. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

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While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

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