Cotton yarn market to maintain growth due to Asia-Pacific demand

 

The global cotton yarn market is set to continue its upward movement over the next decade, with increasing demand from the Asia-Pacific region, says a report by IndexBox. The market is projected to grow at a compound annual growth rate (CAGR) of +0.5 per cent in volume, reaching 19 million tonnes by 2035. In value terms, the market is expected to expand at a CAGR of +1.3 per cent, reaching $72.7 billion by 2035.

In 2024, Asia-Pacific's cotton yarn consumption stabilized at 18 million tonnes, valued at $62.8 billion. China (7.4 million tonnes), India (4.7 million tonnes), and Pakistan (3.4 million tonnes) accounted for 88 per cent of total consumption. India led in consumption growth from 2013 to 2024, with an 8.5 per cent CAGR.

Production in Asia-Pacific remained steady at 18 million tonnes, with China (6.2 million tonnes), India (5.8 million tonnes), and Pakistan (3.7 million tonnes) leading output. China was the largest importer (1.5 million tonnes), while India and Vietnam dominated exports, each shipping 1 million tonnes.

By 2024, India ($3.4B), Vietnam ($2.8B), and China ($1.1B) led in export value, making up 83 per cent of total exports. The market is expected to sustain growth, fueled by strong regional demand.