Asia-Pacific Cotton Yarn Market Consumption Growth Trend, By 2035
By yash chouhan 2025-03-04 17:44:06
Growth Trend in the Asia-Pacific Cotton Yarn Market Consumption by 2035
Projected to Reach US$72.7 Billion Over the next ten years, the Asia-Pacific region is projected to continue its upward trend in cotton yarn consumption, driven by the growing demand for cotton yarn, says a report by IndexBox. The market is expected to continue on its current trajectory, growing at an estimated compound annual growth rate (CAGR) of +0.5 percent between 2024 and 2035, and reach a market size of 19 million tons by the end of 2035. In value terms, the market is expected to grow at an estimated compound annual growth rate (CAGR) of +1.3 percent between 2024 and 2035, and reach a market size of US$72.7 billion (at nominal wholesale prices) by the end of 2035.
Consumption of cotton yarn in Asia-Pacific stabilized last year at 18 million tons expected in 2024. In 2024, the Asia-Pacific cotton yarn market was valued at US$62.8 billion, almost the same as last year.
The three largest consuming countries in 2024—China (7.4 million tons), India (4.7 million tons) and Pakistan (3.4 million tons)—accounted for 88 percent of total consumption.
Among the major consuming countries, India achieved the most notable rate of consumption growth (compound annual growth rate of +8.5 percent) from 2013 to 2024, while consumption in other leading countries grew at more moderate rates.
China (US$30.4B) led the market alone in terms of value, with India in second place (US$15.2B) followed by Pakistan. The average annual growth rate of value in China from 2013 to 2024 was -3.8 percent. The average annual rates in the other countries were as follows: Pakistan (+3.1 percent annually) and India (+8.0 percent annually).
India achieved the highest rate of consumption growth among the major consumer countries between 2013 and 2024 (a compound annual growth rate of +7.4 percent), while the other leaders' consumption grew at more moderate rates.
Cotton yarn production remained largely unchanged from the previous year, with 18 million tons produced in Asia-Pacific in 2024. Projected export values for cotton yarn production in 2024 were US$61.7 billion.
The three countries with the highest production in 2024—China (6.2 million tons), India (5.8 million tons), and Pakistan (3.7 million tons)—accounted for 87 percent of total production. Bangladesh, South Korea, Vietnam, and Indonesia followed slightly behind, contributing an additional 11 percent.
China was the largest importer of cotton yarn in 2024, accounting for 59 percent of all imports with 1.5 million tons. South Korea (176K tons) and Bangladesh (531K tons), which accounted for 28 percent of total imports, followed closely behind. Vietnam remained far behind at the top with 84K tons.
With a 52 percent share in total imports, China (US$3.5B) is the largest market in the Asia-Pacific region for imported cotton yarn. Bangladesh (US$1.6B) was second (US$1.6B), accounting for 23 percent of total imports. South Korea was second with an 8.1 percent share.
With nearly 37 percent and 34 percent share in total exports, respectively, India (1 million tons) and Vietnam (1 million tons) were the top exporters of cotton yarn in 2024. China was second with 287K tonnes or 10 percent of total shipments (in physical terms), followed by Pakistan with 9.3 percent. These leaders were far ahead of Malaysia (89K tonnes), Indonesia (70K tonnes) and Taiwan (Chinese) (64K tonnes).
In 2024, the three nations with the largest export value – China (US$1.1 billion), Vietnam (US$2.8 billion) and India (US$3.4 billion) – accounted for 83 percent of all exports. With a combined 15 percent share, Pakistan, Malaysia, Indonesia and Taiwan (Chinese) trailed slightly behind.
