Overview of the Market for Cotton Lint And Cotton Seed in Thailand
In value terms, cotton lint and cotton seed production reduced to $ in 2018 estimated in export prices. In general, production showed a abrupt contraction. The most prominent rate of growth was recorded in 2010 with an increase of % y-o-y. As a result, production attained the peak level of $. From 2011 to 2018, and cotton seed production growth remained at a somewhat lower figure.
The average yield of cotton lint in Thailand amounted to kg per ha in 2018, approximately reflecting 2017. Overall, the yield showed 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, the total area harvested in terms of cotton lint production in Thailand stood at ha, remaining constant against the previous year. Overall, the harvested area saw a relatively flat trend pattern.
The value of the market for cotton lint in Thailand surged to $ in 2018, rising 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, however, recorded a pronounced contraction. The growth pace was the most rapid in 2010 when the market value increased by % y-o-y. Over the period under review, the market attained the peak level at $ in 2011; however, from 2012 to 2018, consumption failed to regain the momentum.