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Cotton price index
This post is a summary of the global Cotton Yarn price developments. The price developments of global Cotton Yarn are expressed in US$ prices converted FX rates applicable at the time when the price was valid. Cotton Yarn price index developments are calculated from multiple separate sources of data to ensure statistical accuracy.
The outlook for global Cotton Yarn prices, on the second tab, is generated from different inputs including:
- Very recent price developments of immediate cost drivers of global Cotton Yarn prices
- Recent price developments of underlying feedstocks which drive the price of Cotton Yarn
- Market futures for both cost drives and feedstocks of global Cotton Yarn prices
- Adjustment of current supply/demand imbalances in the Cotton Yarn market
- Longer term trends in likely demand conditions
Further information on the Cotton price index
What is cotton yarn
Cotton yarn is a type of yarn made from the fibers of the cotton plant. It is a natural, soft, and absorbent material that is widely used in the production of clothing, bedding, towels, and other textiles. Cotton yarn is produced by spinning the fibers of the cotton plant into a continuous strand, using either a mechanical or hand-spinning process.
Cotton yarn is available in a range of thicknesses, or ply, and can be used to create a variety of fabric textures, including knit, crochet, and woven. It is also available in a range of colors, including natural, bleached, and dyed.
Cotton yarn is an important raw material for the textile industry and is used in a wide range of applications, including clothing, home furnishings, and industrial products. It is known for its softness, absorbency, and durability and is a popular choice for many different types of textiles.
What is cotton yarn used for
Cotton yarn is used for a variety of applications, including:
Clothing
Cotton yarn is widely used in the production of clothing, such as t-shirts, jeans, and sweaters. It is a popular choice for clothing due to its softness, absorbency, and durability.
Bedding
Cotton yarn is used in the production of bedding, such as sheets, pillowcases, and blankets, due to its absorbency and ability to wick moisture away from the skin.
Towels
Cotton yarn is used in the production of towels due to its absorbency and ability to dry quickly.
Knitting and crocheting
Cotton yarn is popular for use in knitting and crocheting projects due to its softness and ability to hold its shape. It is often used to create a variety of items, such as scarves, hats, and blankets.
Woven fabrics
Cotton yarn is also used in the production of woven fabrics, such as denim, corduroy, and canvas.
Overall, cotton yarn is a versatile material that is used in a wide range of applications, including clothing, bedding, towels, and other textiles. It is known for its softness, absorbency, and durability and is a popular choice for many different types of products.
How big is the global cotton market
The global cotton market is significant, with demand driven by the widespread use of cotton in the textile industry. According to a report by Mordor Intelligence, the global cotton market was valued at approximately USD 37 billion in 2020 and is expected to reach USD 44 billion by 2025, at a compound annual growth rate of 3.3%.
The Asia-Pacific region is the largest market for cotton, followed by Europe and North America. The growth in the Asia-Pacific region is driven by the increasing demand for clothing and other textiles, while the demand in Europe and North America is driven by the retail and fashion sectors.
Overall, the demand for cotton is likely to remain strong in the coming years due to its wide range of uses and the growing demand for clothing and other textiles. However, the cotton market is subject to fluctuations in price and supply due to factors such as weather conditions, disease outbreaks, and economic conditions in cotton-producing countries.
According to https://oec.world/ :
Cotton are the world’s 55th most traded product.
In 2020, the top exporters of Cotton were China ($8.98B), United States ($7.1B), India ($5.9B), Brazil ($3.32B), and Pakistan ($2.79B).
In 2020, the top importers of Cotton were China ($8.5B), Bangladesh ($5.28B), Vietnam ($3.6B), Turkey ($2.49B), and Pakistan ($2.1B).
Further information
Data source: IMF
This data has been partly provided by the IMF and the World Bank. The only change is that it has been indexed for Jan 2019 (so Jan 2019 is set as the index 1.00). The data is provided subject to the terms and conditions as defined by the IMF
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