Overview of the Market for Cotton Lint And Cotton Seed in Spain
In value terms, cotton lint and cotton seed production rose sharply to $ in 2018 estimated in export prices. In general, production, however, recorded a strong increase. The most prominent rate of growth was recorded in 2011 with an increase of % year-to-year. As a result, production reached the peak level of $. From 2012 to 2018, and cotton seed production growth remained at a lower figure.
In 2018, the average yield of cotton lint in Spain amounted to kg per ha, remaining constant against 2017. In general, the yield saw a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In 2018, approx. ha of cotton lint were harvested in Spain; remaining constant against the year before. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern.
The revenue of the market for cotton lint in Spain soared to $ in 2018, growing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a strong expansion. The pace of growth appeared the most rapid in 2015 when the market value increased by % year-to-year. Over the period under review, the market reached the peak level at $ in 2011; however, from 2012 to 2018, consumption failed to regain the momentum.