Cotton Prices

Cotton Prices December 2023

In the fourth quarter of 2023, the price of cotton in the United States reached 4070 USD/MT by December. Similarly, in China, the cotton prices hit 2065 USD/MT in the same month. Germany also saw cotton prices reaching 2635 USD/MT during Q4 2023.

Cotton Price Trend, Market Analysis, and News

IMARC's latest publication, “Cotton Pricing Report 2025: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” presents a detailed examination of the cotton market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of cotton at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents a detailed cotton price trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting cotton pricing, such as the dynamics of supply and demand, geopolitical influences, and sector-specific developments, are thoroughly explored. This comprehensive report helps stakeholders stay informed with the latest market news, regulatory updates, and technological progress, facilitating informed strategic decision-making and forecasting.

Cotton Market Analysis

The global cotton market size reached 24.8 Million Tons in 2023. By 2032, IMARC Group expects the market to reach 27.8 Million Tons, at a projected CAGR of 1.30% during 2023-2032.

• The extensive use of cotton as a primary raw material for textiles and high demand for clothing, home textiles, and industrial fabrics are significantly boosting the market growth. According to the Ministry of Textiles, cotton is the most important commercial crop cultivated in India and accounts for around 23% of the total cotton production. It plays a major role in sustaining the livelihood of an estimated 6 million cotton farmers and 40-50 million people engaged in related activities such as cotton processing and trade. Indian textile industry consumes a diverse range of fibers and yarns and the ratio of use of cotton to non-cotton fibers in India is around 60:40 whereas it is 30:70 in the rest of the world.
• The increasing global population is leading to a higher demand for cotton-based products, particularly in emerging economies with a growing middle-class population which is influencing the market growth. According to the United Nations, the world's population is more than three times larger than it was in the mid-twentieth century. The global human population reached 8.0 billion in mid-November 2022 from an estimated 2.5 billion people in 1950, adding 1 billion people since 2010 and 2 billion since 1998. The world's population is expected to increase by nearly 2 billion persons in the next 30 years, from the current 8 billion to close to 9.7 billion in 2050 and could peak at nearly 10.4 billion in the mid-2080s.
• The increasing innovation in cotton farming and processing such as genetically modified cotton and farming and processing, such as genetically modified cotton and advanced ginning techniques, improve yield and quality is driving the market growth. For instance, in April 2024, Welspun Living Limited (WLL), previously Welspun India Limited, launched a project, Wel-Krishi, to encourage sustainable cotton cultivation by providing support and training to farmers to raise their income through higher productivity and lower income costs. Similarly, in April 2024, the Indian government, Cotton Corporation of India and TEXPROCIL launched the Kasturi Cotton program to enhance global excellence in cotton production. The program focuses on best practices for farmers and ginners, resulting in 50,000 Kasturi-certified premium cotton bales. These bales feature reduced thrash and moisture content, meeting spinners' demands.

Cotton News

The report covers the latest developments, updates, and trends impacting the price of cotton, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, technological innovations, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the cotton price trend.

Latest developments in the cotton industry:

• In June 2024, The Organic Cotton Accelerator (OCA) announced its launch in Türkiye, marking a significant step in uniting players across the organic cotton value chain in this key production country. OCA will deliver its transformative program designed to support local organic cotton farmers and those interested in transitioning, thereby scaling the global supply of organic cotton. To highlight the launch, OCA is hosting a stakeholder event in Istanbul this week, bringing together key players to discuss the future of organic cotton in the country.
• In April 2024, The Union textiles ministry planned to launch a revamped Cotton Technology Mission aimed at improving the quality and output of India's "white gold" by adopting best practices that could position India as a prime destination for textile sourcing and foreign investment.

Product Description

Cotton refers to a natural fiber obtained from the seeds of the cotton plant, belonging to the genus Gossypium. This fiber is one of the most extensively utilized fibers in the textile industry owing to its softness, breathability, and durability. The cotton plant thrives in warm climates and requires a long frost-free period, plenty of sunshine, and moderate rainfall. The fibers are harvested from the seed pods, or bolls, after the plant blooms. The cotton fibers are separated from the seeds through a process called ginning once harvested. They are then spun into yarn and woven or knitted to create fabric. Cotton is highly versatile and employed in a variety of products such as bed linens, clothing, industrial materials, and towels. Its natural properties make it hypoallergenic and comfortable, suitable for sensitive skin.

Regional Coverage

The report provides a detailed analysis of the market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of FOB and CIF prices, as well as the key factors influencing the cotton price trend.

Global Cotton Price

The report offers a holistic view of the global cotton pricing trends in the form of cotton price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price levels but also provides insights into historical price of cotton, enabling stakeholders to understand past fluctuations and their underlying causes. The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed cotton demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Cotton Price

European cotton prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.

Detailed price information for cotton can also be provided for an extensive list of European countries.

North America Cotton Price

The analysis of cotton prices in North America delves into the regional industry dynamics, encompassing the impact of local production and the trade flows between North America and other significant global markets.

Specific cotton historical data within the United States and Canada can also be provided.

Middle East and Africa Cotton Price

The report explores the cotton pricing trends in the Middle East and Africa, considering factors like the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

Region-wise data and information on specific countries within these regions can also be provided.

Asia Pacific Cotton Price

The cotton pricing trends in the Asia Pacific are examined, reflecting the role of the region as a major global producer and consumer of agricultural products, with price dynamics heavily influenced by supply chain efficiencies, regional demand surges, and policy shifts in major economies.

This cotton price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Cotton Price

The analysis of cotton prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, agricultural output, and trade frameworks.

This comprehensive review can be extended to include specific countries within Latin America.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of cotton pricing, covering global and regional trends, spot prices at key ports, and a breakdown of FOB and CIF prices.
• The study examines factors affecting cotton price trend, including input costs, supply-demand shifts, and geopolitical impacts, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The cotton price charts ensure our clients remain at the forefront of the industry.