China’s cotton yarn market to hit 7.7 million tons, $33 billion by 2035

 

China’s cotton yarn market is set for moderate growth over the next decade, with consumption projected to reach 7.7 million tons and a market value of $33 billion by 2035. The market is expected to expand at a CAGR of 0.4 per cent in volume and 0.7 per cent in value from 2024 to 2035.

In 2024, China consumed approximately 7.4 million tons of cotton yarn, marking a 2.4 per cent decline from the previous year. Market revenue fell by 2.7 per cent to $30.4 billion. Production remained steady at 6.2 million tons but has declined overall since peaking at 8.7 million tons in 2013.

Imports dropped 11.7 per cent to 1.5 million tons in 2024, with Vietnam leading as the top supplier, followed by Pakistan and Uzbekistan. Export volumes rebounded to 287,000 tons after two years of decline, with Pakistan, Bangladesh, and Russia as key markets. Despite recent downturns, the market is positioned for gradual recovery, driven by domestic demand and trade shifts. Will China’s cotton yarn sector regain its former momentum?