Bed Linen Of Cotton Market

The global market for bed linen of cotton is expected to witness steady growth in both volume and value over the next eight years. Consumption is forecast to increase, with a CAGR of +1.4% in volume and +3.5% in value from 2022 to 2030. China, the United States, and India are the top consumers, while China leads in production. The United States is the largest importer, and China and Pakistan are the major exporters. Import prices have seen growth, while export prices have remained relatively flat. Overall, the market shows promising prospects for the future.

Market Forecast

Driven by increasing demand for bed linen of cotton worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +1.4% for the period from 2022 to 2030, which is projected to bring the market volume to 3.2M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +3.5% for the period from 2022 to 2030, which is projected to bring the market value to $39.4B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Bed Linen Of Cotton

Global bed linen of cotton consumption shrank modestly to 2.9M tons in 2022, dropping by -1.7% on the previous year. The total consumption volume increased at an average annual rate of +2.2% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. Global consumption peaked at 2.9M tons in 2018; afterwards, it flattened through to 2022.

The global bed linen of cotton market revenue declined to $30B in 2022, which is down by -1.6% 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). The market value increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the global market attained the peak level at $32.2B in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (663K tons), the United States (580K tons) and India (224K tons), with a combined 51% share of global consumption. Pakistan, Indonesia, Brazil, Nigeria, Mexico, Bangladesh, Ethiopia, Turkey, Germany and France lagged somewhat behind, together comprising a further 24%.

From 2012 to 2022, the biggest increases were recorded for Pakistan (with a CAGR of +5.9%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the largest bed linen of cotton markets worldwide were China ($6.8B), the United States ($5.5B) and Turkey ($2.7B), with a combined 50% share of the global market. India, Indonesia, Brazil, Pakistan, Mexico, Bangladesh, Germany, France, Ethiopia and Nigeria lagged somewhat behind, together accounting for a further 26%.

Among the main consuming countries, India, with a CAGR of +6.5%, recorded the highest rates of growth with regard to market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

In 2022, the highest levels of bed linen of cotton per capita consumption was registered in the United States (1,731 kg per 1000 persons), followed by France (685 kg per 1000 persons), Turkey (579 kg per 1000 persons) and Germany (563 kg per 1000 persons), while the world average per capita consumption of bed linen of cotton was estimated at 367 kg per 1000 persons.

From 2012 to 2022, the average annual growth rate of the bed linen of cotton per capita consumption in the United States was relatively modest. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: France (+1.6% per year) and Turkey (-1.5% per year).

Production

World Production of Bed Linen Of Cotton

In 2022, the amount of bed linen of cotton produced worldwide declined modestly to 2.7M tons, dropping by -2.4% compared with 2021. The total output volume increased at an average annual rate of +2.1% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of 5.8%. Over the period under review, global production hit record highs at 2.8M tons in 2021, and then shrank modestly in the following year.

In value terms, bed linen of cotton production dropped to $30.3B in 2022 estimated in export price. Over the period under review, the total production indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +7.6% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 19%. Global production peaked at $44B in 2019; however, from 2020 to 2022, production failed to regain momentum.

Production By Country

China (807K tons) constituted the country with the largest volume of bed linen of cotton production, accounting for 29% of total volume. Moreover, bed linen of cotton production in China exceeded the figures recorded by the second-largest producer, the United States (364K tons), twofold. The third position in this ranking was taken by India (291K tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in China totaled +2.0%. In the other countries, the average annual rates were as follows: the United States (+1.2% per year) and India (+5.9% per year).

Imports

World Imports of Bed Linen Of Cotton

In 2022, global imports of bed linen of cotton declined to 755K tons, which is down by -9.3% on 2021. The total import volume increased at an average annual rate of +2.6% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 22% against the previous year. As a result, imports reached the peak of 832K tons, and then dropped in the following year.

In value terms, bed linen of cotton imports contracted modestly to $7.3B in 2022. The total import value increased at an average annual rate of +2.0% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 27%. As a result, imports reached the peak of $7.4B, and then reduced modestly in the following year.

Imports By Country

In 2022, the United States (219K tons) represented the major importer of bed linen of cotton, comprising 29% of total imports. Germany (79K tons) took the second position in the ranking, followed by France (50K tons) and the UK (43K tons). All these countries together took approx. 23% share of total imports. The following importers - Italy (32K tons), the Netherlands (30K tons), Australia (28K tons), Canada (23K tons), Japan (22K tons), Spain (21K tons), Belgium (21K tons) and Poland (20K tons) - together made up 26% of total imports.

From 2012 to 2022, average annual rates of growth with regard to bed linen of cotton imports into the United States stood at +1.1%. At the same time, Poland (+15.5%), Spain (+7.5%), the Netherlands (+5.6%), Italy (+5.3%), the UK (+4.9%), Germany (+4.1%), France (+3.3%), Canada (+2.7%), Belgium (+2.4%), Australia (+1.8%) and Japan (+1.2%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing importer imported in the world, with a CAGR of +15.5% from 2012-2022. While the share of Poland (+1.9 p.p.) increased significantly in terms of the global imports from 2012-2022, the share of the United States (-4.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($2B) constitutes the largest market for imported bed linen of cotton worldwide, comprising 28% of global imports. The second position in the ranking was taken by Germany ($816M), with an 11% share of global imports. It was followed by France, with a 6.9% share.

From 2012 to 2022, the average annual growth rate of value in the United States was relatively modest. In the other countries, the average annual rates were as follows: Germany (+3.6% per year) and France (+2.6% per year).

Import Prices By Country

The average bed linen of cotton import price stood at $9,625 per ton in 2022, growing by 7.6% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $10,366 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Canada ($11,446 per ton) and Australia ($11,416 per ton), while Belgium ($8,041 per ton) and Italy ($8,162 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+2.8%), while the other global leaders experienced mixed trends in the import price figures.

Exports

World Exports of Bed Linen Of Cotton

In 2022, the amount of bed linen of cotton exported worldwide declined to 612K tons, with a decrease of -13.4% compared with the previous year. The total export volume increased at an average annual rate of +2.1% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 31%. As a result, the exports reached the peak of 706K tons, and then fell in the following year.

In value terms, bed linen of cotton exports contracted slightly to $6.6B in 2022. The total export value increased at an average annual rate of +2.1% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 36% against the previous year. As a result, the exports reached the peak of $6.9B, and then fell in the following year.

Exports By Country

China (145K tons) and Pakistan (139K tons) represented roughly 46% of total exports in 2022. India (66K tons) ranks next in terms of the total exports with an 11% share, followed by Bangladesh (6.4%), Germany (6.3%) and Turkey (6.2%). The Netherlands (26K tons), Portugal (17K tons), Poland (13K tons), Belgium (12K tons) and the Czech Republic (9.2K tons) held a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by the Netherlands (with a CAGR of +11.8%), while the other global leaders experienced more modest paces of growth.

In value terms, the largest bed linen of cotton supplying countries worldwide were China ($1.7B), Pakistan ($1.1B) and India ($807M), together comprising 55% of global exports. Bangladesh, Germany, Turkey, Portugal, the Netherlands, Poland, Belgium and the Czech Republic lagged somewhat behind, together comprising a further 31%.

Bangladesh, with a CAGR of +9.8%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

The average bed linen of cotton export price stood at $10,731 per ton in 2022, increasing by 10% against the previous year. Overall, the export price saw a relatively flat trend pattern. Over the period under review, the average export prices reached the peak figure at $11,257 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Portugal ($17,664 per ton), while the Netherlands ($6,459 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+1.8%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform