Cotton Fabric Market Overview in Asia
In value terms, cotton fabric production amounted to $61.7B in 2010 estimated in export prices. The total output value increased at an average annual rate of +1.1% over the period from 2007 to 2010; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2008 when production volume increased by 5.8% against the previous year. The level of cotton fabric production peaked at $64B in 2009, and then declined slightly in the following year.
The country with the largest volume of cotton fabric production was China (4.3B square meters), comprising approx. 46% of total volume. Moreover, cotton fabric production in China exceeded the figures recorded by the second-largest producer, India (1.8B square meters), twofold. The third position in this ranking was occupied by Pakistan (1B square meters), with a 11% share.
In China, cotton fabric production increased at an average annual rate of +10.8% over the period from 2007-2010. In the other countries, the average annual rates were as follows: India (+5.3% per year) and Pakistan (+1.1% per year).
The revenue of the cotton fabric market in Asia amounted to $55.5B in 2010, lowering by -12.5% 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, cotton fabric consumption continues to indicate a mild deduction. The pace of growth appeared the most rapid in 2009 with an increase of 6.9% year-to-year. In that year, the cotton fabric market attained its peak level of $63.4B, and then declined slightly in the following year.
From 2007 to 2010, the most notable rate of growth in terms of cotton fabric consumption, amongst the main consuming countries, was attained by India, while cotton fabric consumption for the other leaders experienced more modest paces of growth.
In value terms, the largest cotton fabric markets in Asia were China ($19.8B), India ($12.6B) and Pakistan ($4.6B), with a combined 67% share of the total market. Indonesia, Turkey, Bangladesh and Thailand lagged somewhat behind, together comprising a further 18%.
Bangladesh experienced the highest rates of growth with regard to market size, in terms of the main consuming countries over the period under review, while cotton fabric market for the other leaders experienced more modest paces of growth.
In 2010, the highest levels of cotton fabric per capita consumption was registered in Turkey (12,212 square meters per 1000 persons), followed by Pakistan (4,053 square meters per 1000 persons), Thailand (2,860 square meters per 1000 persons) and Indonesia (2,328 square meters per 1000 persons), while the world average per capita consumption of cotton fabric was estimated at 1,915 square meters per 1000 persons.
From 2007 to 2010, the average annual rate of growth in terms of the cotton fabric per capita consumption in Turkey was relatively modest. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Pakistan (-4.9% per year) and Thailand (-2.5% per year).