Short staple Cotton price April 2024 and outlook (see chart below)
- North America:US$2.12/KG, -2.3% down
- Europe:US$2.61/KG, 7% up
- Northeast Asia:US$1.95/KG, -1.5% down
- South America:US$1.72/KG, 5.5% up
- India:US$2.33/KG, 5.4% up
Business Analytiq assumes no responsibility or liability for any errors or omissions in the content of this site. The information contained in this site is provided on an “as is” basis with no guarantees of completeness, accuracy, usefulness, fitness for purpose or timeliness.
Cotton Short staple price index
This post is a summary of the global Cotton short staple price developments. The price developments of global Cotton short staple are expressed in US$ prices converted FX rates applicable at the time when the price was valid. Cotton short staple price index developments are calculated from multiple separate sources of data to ensure statistical accuracy.
The outlook for global Cotton short staple prices, on the second tab, is generated from different inputs including:
- Very recent price developments of immediate cost drivers of global Cotton short staple prices
- Recent price developments of underlying feedstocks which drive the price of Cotton short staple
- Market futures for both cost drives and feedstocks of global Cotton short staple prices
- Adjustment of current supply/demand imbalances in the Cotton short staple market
- Longer term trends in likely demand conditions
Further information on the Cotton Short staple price index
What is cotton lint
Cotton lint is the soft, downy fiber that surrounds the seeds of the cotton plant. It is used to make a variety of products, including clothing, bedding, towels, and other textiles. Cotton lint is an important agricultural commodity that is grown in many countries around the world, with the majority of production concentrated in developing countries in Asia, Africa, and Latin America.
Cotton lint is harvested from the cotton plant using a variety of methods, including mechanical picking and chemical defoliation. The harvested cotton lint is then processed to remove impurities, such as seeds and leaves, and is then spun into yarn or fabric.
Cotton lint is known for its softness, absorbency, and durability and is often used in the production of high-quality clothing and other textiles. It is also a popular choice for bedding and towels due to its absorbency and ability to wick moisture away from the skin. Cotton lint is an important raw material for the textile industry and is widely used in many different applications.
What types of cotton lint are there
There are several types of cotton lint, including:
Upland cotton
Upland cotton is the most widely grown type of cotton and accounts for about 95% of global cotton production. It is a short-staple cotton that is grown in a variety of climates and is known for its softness, absorbency, and durability.
Pima cotton
Pima cotton is a long-staple cotton that is grown in regions such as the United States, Australia, and Peru. It is known for its softness, strength, and high absorbency and is often used in the production of high-quality clothing and other textiles.
Egyptian cotton
Egyptian cotton is a long-staple cotton that is grown in Egypt and is known for its softness, strength, and high absorbency. It is often used in the production of luxury linens and other high-quality textiles.
Organic cotton
Organic cotton is grown using sustainable farming practices that minimize the use of pesticides and other chemicals. It is a popular choice for environmentally conscious consumers and is often used in the production of clothing, bedding, and other textiles.
Overall, the type of cotton lint used depends on the specific application and the desired properties of the final product. Cotton lint is a versatile material that is widely used in many different industries and is known for its softness, absorbency, and durability.
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 ($2.1B).
Further information
- Wikipedia for general, history, production and usage information
- PubChem for chemistry and property information
Business Analytiq
BE THE FIRST TO SEE RISK AND OPPORTUNITY!
BusinessAnalytiq provides unlimited market trend data and an online tools to track market developments, key benchmarks & leading indicators.
BusinessAnalytiq leads to price visibility, better negotiations, easier budgeting and forecasting, lower raw material prices, and improved better internal and external communication. BusinessAnalytiq will decrease risk and higher profit.
Where does the data come from?
- The source of the data are exclusively public non-confidential sources. We have no access to primary data
- This the index trend of the price trend of the "product category" in general, and not a single specification of the product in particular
- The data is a combination of contract and spot pricing
- Our algorithms are set up to eliminate significant product mix impact on the reported price
- We combine public publications, import/export records, trading prices, company announcements, magazine articles, tweets, and other sources of ad-hoc public information.
- The chart shows the our best approximation of the market trend based on our algorithm interpretation of the signals
- For most indexes we have multiple sources and we focus on using statistically-correlated sources
- As a function of our automation, it is likely that recent trends will be adjusted as we discover more information. So, for example, the price trend for February 2024 will be first calculated in February 2024 and adjusted in March, April and May 2024.
- We will update the data trend as more information becomes available, and this means that recent trends will always be adjusted as we get more data available
- The algorithm will regularly revise our understanding of market trends, and indicated market trends may change
- The data is presented in US$. The UOM of measure is shown in the Index list table
- Our automated software and we do our best to create an accurate representation of the trend
Where does the data NOT come from?
- We do not purchase data from any other source and republish it.
- We will not purchase data from any other source and republish it
- We do not extrapolate trends, even for the forecast. We look for other market signals and leading indicators
What data should our company use?
- If you are making decisions driving significant share of profit, we always recommend that you buy data from the companies who invest in direct primary market access such as ICIS, amongst many others
- Our data, at best, represents an estimate of the market trend based on public information
- We have no direct access to the market, and we do not interview suppliers and customers
- Our automated analysis tools in the online software are set up to combine our data with other sources of data
- We do not recommend that you use our data for direct price mechanisms, as we may change and improve the data trends over time, including historical data
What does the quality indication in the main menu mean?
- Quality level A: Data is from a reliable and confirmed source
- Quality level B: Data is from multiple credible sources and there are no major statistical inconsistencies between them
- Quality level C: Data is from multiple credible sources and there are some statistical inconsistencies between them
- Quality level D: Data is from a single credible source, but we cannot verify the data
- Quality level E: Data is either:
- From a single source, which we consider reliable, but we cannot verify the data.
- From 2 or more sources which have some periods of contradicting trends.
- Quality level F: Data is from a single source which we consider indicatively correct, but the data is anecdotal and we cannot verify the data.
What are the disclaimers?
- We assume no responsibility or liability for any errors or omissions in the content of this site.
- The information is provided on an “as is” basis with no guarantee of completeness, accuracy, usefulness, fitness for purpose or timeliness.
- By their nature, outlooks are always uncertain
How often do we update the data?
- We aim to update the data series on the 9th and 24th of each month (but we do not always make it for each chart)
- The data for the current month and recent history are fine-tuned over time.
What are we doing to improve the data?
- We are continually improving our data collection and processing methods
- Pricing data will be updated from time to time as we improve the accuracy
- We are reviewing all data sources in the first half of 2024.
- There will be continuous fine-tuning of the trend and forecast algorithm as part of that.
- The key focus in 2024 is to add many additional indexes
How can i give feedback on the data or request for new indexes
- Feel free to contact us if you have a specific request. You can reach us via the Contact us page