Cotton Trade Analysis 乐鱼体育官网 Analysis
The Cotton 乐鱼体育官网 size is estimated at USD 53.66 billion in 2025, and is expected to reach USD 67.06 billion by 2030, at a CAGR of 4.56% during the forecast period (2025-2030).
- Cotton stands as one of the most extensively traded agricultural commodities, primarily due to its widespread use in the textile and apparel industries. The trade dynamics are shaped by production levels, textile manufacturer demand, price fluctuations, and international trade policies. Cotton plays a significant role in the global economy, with production occurring in over 100 countries and trade involving approximately 150 nations in export and import activities. For many countries, cotton exports are crucial for foreign exchange earnings, contributing significantly to GDP and tax revenue. Cotton plays a vital role in Africa's economic growth, with 37 of the 53 African countries producing cotton and 30 engaging in exports. Similarly, Central Asian countries such as Kazakhstan, Uzbekistan, Kyrgyzstan, Tajikistan, and Turkmenistan heavily rely on cotton exports for their economies.
- The United States leads as the world's largest cotton exporter( Cotton, neither carded nor combed), with an export volume of 2.8 million metric tons in 2023. Top exporters, including India, Brazil, Australia, Turkey, and Greece collectively accounted for more than 25% of global cotton exports in 2023. These nations have established cotton industries and are recognized as key players in the international cotton trade.
- The cotton 乐鱼体育官网 is experiencing growth due to increased demand from various industries, including apparel manufacturing, home furnishings, and industrial products. Cotton is utilized in medical gauze, cotton swabs, traditional diapers, and numerous other products. Additionally, cottonseed oil, a byproduct of the cotton plant, serves multiple purposes such as cooking, soap making, and cosmetics. This expansion in applications has led to a rising global demand for cotton.
Cotton Trade Analysis 乐鱼体育官网 Trends
United States Dominates the Global Exports of Cotton
- The United States dominates global cotton exports due to its large-scale production capabilities, advanced agricultural practices, favorable government policies, and well-established trade networks. The country is one of the major cotton producers globally, with around 8.4 million metric tons of seed cotton (unginned) as of 2023. States like Texas, Georgia, and Mississippi account for the bulk of production, with Texas alone producing nearly half of the United States cotton output.
- The United States is the leading exporter in the world's cotton 乐鱼体育官网, accounting for 35.8% of global cotton exports in 2023. This increase is supported by additional investment in textile operations in the United States to address logistics problems responsible for the growth. For instance, in 2024, The United States is focusing on enhancing textile and apparel trade partnerships in Central and South America through four key initiatives aimed at improving supply chain sustainability, addressing forced labor concerns, and enhancing security such as the bipartisan Americas Trade and Investment Act (Americas Act), which includes over USD 45 billion in incentives to promote circularity in the apparel industry. The act is designed to bolster trade and stabilize the region, with a commitment of USD 105 million annually for five years to support the creation of a circular textile industry. The United States exports much of its production to Asian 乐鱼体育官网s for textile manufacturing. However, growing competition from Brazil and the effects of recent trade policies are shifting global 乐鱼体育官网 trends.
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Asia-Pacific Dominates Global Cotton Imports
- Asia - Pacific dominates global cotton imports due to significant textile and apparel manufacturing base. Countries like China, Bangladesh, Vietnam, Indonesia, Pakistan, and India are among the largest textile producers globally, driving the need for massive cotton imports. For instance, according to ITC Trade Map, China alone accounted for 27.2% of the global cotton imports in 2023. As the world's leading cotton importer, China has considerable influence over the global cotton trade. The nation's vast textile manufacturing sector drives its growing demand for raw cotton imports. In 2023, China imported 1.9 million metric tons of cotton (neither carded nor combed), primarily sourced from major suppliers like the United States, Brazil, and Australia. To cater to its booming textile industry, the Chinese government has rolled out policies to stabilize domestic prices and ensure a steady supply of premium cotton.
- After a dip in early 2023, textile and apparel exports bounced back, fueling a heightened demand for imported cotton. Coupled with reduced production and rising domestic consumption, China's need for imports intensified. Favorable import prices, like the A-index, compared with domestic rates, further increased demand. Even with a 1% import tariff and a 9% value-added tax, cotton prices delivered to Chinese mills hovered about 5 cents above import prices, amplifying the import surge. Moreover, 2023 witnessed a 12.9% increase in retail sales of clothing, shoes, hats, and knitted textiles. Online sales of wearable goods also climbed 10.8% year-on-year, emphasizing China's strong demand for cotton imports.
- Furthermore, certain nations, including Bangladesh and Vietnam, face production constraints, such as limited domestic cotton cultivation, leading to increased import volumes. Additionally, the geographic proximity to significant cotton producers like India and Australia facilitates the importation of cotton into the Asia-Pacific region.
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Cotton Trade Analysis 乐鱼体育官网 News
- September 2024: The U.S. Department of Commerce鈥檚 Economic Development Administration (EDA) is awarding a USD 800,000 grant to the Industrial Commons in Morganton, North Carolina, to support textile manufacturing in the region.
- February 2023: The US Department of Agriculture's Foreign Agricultural Service, in partnership with the Hispanic Association of Colleges and Universities (HACU), tackled challenges in the agricultural export 乐鱼体育官网 and addressed simulated global trade issues. This partnership paves the way for fresh 乐鱼体育官网 opportunities for cotton exporters.
- December 2022: The Cotton Corporation of India Limited and the Cotton Textiles Export Promotion Council signed an agreement to globally 乐鱼体育官网 Kasturi cotton, a domestically produced brand. This collaboration promotes the worldwide export of Indian cotton textile products, including raw cotton.
Cotton Trade Analysis Industry Segmentation
Cotton is a major agricultural commodity, which is highly traded across the world. Cotton, primarily utilized in the textile industry, is a perennial crop. It thrives in moderate rainfall and is harvested during frost-free periods abundant in sunshine.
The Cotton Trade 乐鱼体育官网 is Segmented by Geography (North America, Europe, Asia-Pacific, South America, and Africa). The Study includes the Production (Volume), Consumption (Value and Volume), and Trade in terms of Import (Value and Volume), Export (Value and Volume), and Price Trend Analysis. The report offers the 乐鱼体育官网 size and forecasts in terms of volume in metric tons and value in USD for all the above segments.
| Geography (Production (Volume), Consumption (Value and Volume),Import (Value and Volume), Export (Value and Volume), and Price Trend Analysis) | North America | United States | |
| Canada | |||
| Mexico | |||
| Rest Of North America | |||
| Europe | United Kingdom | ||
| France | |||
| Italy | |||
| Spain | |||
| Germany | |||
| Rest of Europe | |||
| Asia-Pacific | China | ||
| India | |||
| Vietnam | |||
| Australia | |||
| Rest of Asia-Pacific | |||
| South America | Brazil | ||
| Argentina | |||
| Rest of South America | |||
| Africa | South Africa | ||
| Rest of Africa | |||
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Cotton Trade Analysis 乐鱼体育官网 Research FAQs
How big is the Cotton 乐鱼体育官网?
The Cotton 乐鱼体育官网 size is expected to reach USD 53.66 billion in 2025 and grow at a CAGR of 4.56% to reach USD 67.06 billion by 2030.
What is the current Cotton 乐鱼体育官网 size?
In 2025, the Cotton 乐鱼体育官网 size is expected to reach USD 53.66 billion.
Which is the fastest growing region in Cotton 乐鱼体育官网?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in Cotton 乐鱼体育官网?
In 2025, the North America accounts for the largest 乐鱼体育官网 share in Cotton 乐鱼体育官网.
What years does this Cotton 乐鱼体育官网 cover, and what was the 乐鱼体育官网 size in 2024?
In 2024, the Cotton 乐鱼体育官网 size was estimated at USD 51.21 billion. The report covers the Cotton 乐鱼体育官网 historical 乐鱼体育官网 size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Cotton 乐鱼体育官网 size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Cotton Trade Analysis Industry Report
Statistics for the 2025 Cotton Trade Analysis 乐鱼体育官网 share, size and revenue growth rate, created by Mordor Intelligence鈩� Industry Reports. Cotton Trade Analysis analysis includes a 乐鱼体育官网 forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
