China leads global cotton imports with a 24.25% share, followed by Bangladesh (17.78%) and Vietnam (15.47%). Pakistan has shown significant growth at 8.06%, while Indonesia and India have seen declines. Notably, Uzbekistan witnessed an 82.06% rise, indicating strong demand. Mexico's imports remained stable, and countries like Honduras and Nicaragua saw remarkable surges of 37.97% and 60.04%, respectively.
Countries such as Thailand, Malaysia, and South Korea experienced sharp declines, while minor importers like Haiti and Paraguay dropped out completely. The U.S. saw a notable increase of 10.76%, while traditional European importers like Germany and Italy saw slight declines.
Looking forward, continued growth in the Asia-Pacific region is expected, driven by industrialization and textile demand. However, geopolitical changes and trade policies could shift import patterns significantly.
Top countries in Cotton Import Share by Country (Thousand Units (480 lb. Bales))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 24.25 | 2023 | +68.49% | +1.75% | View data |
| 2 | 2 Bangladesh | 17.78 | 2023 | +17.56% | +1.92% | View data |
| 3 | 3 Vietnam | 15.47 | 2023 | +3.54% | -0.68% | View data |
| 4 | 4 Pakistan | 9.7 | 2023 | -6.67% | +8.06% | View data |
| 5 | 5 Indonesia | 5.31 | 2023 | +38.22% | -5.49% | View data |
| 6 | 6 India | 3 | 2023 | -24.72% | -6.3% | View data |
| 7 | 7 Mexico | 1.96 | 2023 | +23.37% | 0% | View data |
| 8 | 8 Thailand | 1.56 | 2023 | +1.96% | -8.89% | View data |
| 9 | 9 Malaysia | 1.15 | 2023 | -27.22% | -7.64% | View data |
| 10 | 10 Iran | 1.1 | 2023 | +5.32% | +7.36% | View data |