Market Forecast By Production Analysis (Volume), By Consumption Analysis (Value, Volume), By Export Analysis (Value, Volume), By Import Analysis (Value, Volume) And Competitive Landscape
Product Code: ETC212196 | Publication Date: Aug 2023 | Updated Date: Apr 2024 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 40 | No. of Tables: 7 | |
India Cotton Market registered a growth of 55.43% in value shipments in 2022 as compared to 2021 and an increase of 7.61% CAGR in 2022 over a period of 2017. In Cotton Market India is becoming less competitive as HHI index in 2022 was 3972 while in 2017 it was 3435. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market. India has reportedly relied more on domestic production to meet its growing demand in Cotton Market.
India is unable to meet its increasing needs of this product with domestic production hence we see the trend is shifting towards import shipment to meet its demand The import factor of Cotton Market in 2022 was 0.3 while in 2017 it was 0.17. Bangladesh, China, Spain, Sri Lanka and Netherlands were among the top players of the market in 2022, where Bangladesh acquired the largest market share of 61.82% with a shipment value of 189.26 million USD in 2022 Bangladesh also offered the product below the average market price thus having a competitive advantage over others In 2017 Bangladesh had the largest market share of 55.39% with the shipment value of 70.24 million USD. The country was offering its product with an average price which is lower than the average market price offered in the country. As Bangladeshprice is lower than the average price, it provided a significant edge among other competitor in 2017.
India Cotton Market report thoroughly covers the market by production analysis, by consumption analysis, by export analysis, by import analysis. The market report provides an unbiased and detailed analysis of the on-going market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
India Cotton Market has been accomplishing growth since the time the market established and there are several factors helping the market to attain success and these factors include agricultural practices, global demand, government support, and research and innovation.
According to 6Wresearch, the India Cotton Market size is projected to rise at a CAGR of 7% during the forecast period 2023-2029. India's favorable agro-climatic conditions as well as advanced farming techniques contribute to high cotton yields. The adoption of genetically modified (GM) Bt cotton varieties has also improved pest resistance and yield. The country is a key exporter of cotton, and its cotton sector is influenced by global demand for textiles and apparel. The global fashion sector’s need for cotton as a raw material stimulates India's cotton production. The domestic textile sector is a major consumer of cotton. The rise of India's textile sector, including weaving, garment manufacturing, and spinning mills stimulates the demand for cotton fiber. Some of the key challenges the market is facing are weather variability, pest management, labor shortages, market price volatility, and suitability and environmental concerns. The challenges that the market is facing can limit the India Cotton Market Growth. The market has the potential to overcome these challenges in the near future.
The pandemic adversely impacted the cotton market in India, this market is also a key part of the Asia Pacific cotton market. The lockdowns as well as restrictions imposed to curb the virus spread disrupted many stages of the cotton supply chain. Cotton production in India was hampered owing to labor shortages, delays in agricultural activities and transport restrictions. In addition, the closure o textile factories and mills, both globally and domestically led to a reduction in demand for raw cotton and this resulted in surplus of cotton. Apparel and textile industries are the major consumer of cotton and they faced major challenges during the pandemic, which affected the India Cotton Market.
Some of the most significant players in the market include Cotton Corporation of India (CCI), Maharashtra State Cooperative Cotton Growers' Marketing Federation Ltd (MSCCGMFL), Cotton Ginners Association, Cotton Traders and Exporters, Cotton Spinning Mills, and Farmers and Agricultural Cooperatives.
The Indian cotton sector is subject to many government regulations aims at regulating the production, trade, as well as quality of cotton. The Cotton Corporation of India (CCI) is a significant regulatory body overseeing the cotton market. It plays a vital role in stabilizing cotton prices, making sure about the fair returns to growers, as well as maintaining an adequate supply of cotton. The Minimum Support Price (MSP) is set by government in order to provide a price floor for cotton farmers, providing them a guaranteed minimum income. In addition, the government occasionally enforces export bans and restrictions on cotton in order to stabilize domestic prices. Quality standards for cotton are established as well as enforced by the Directorate of Cotton Development (DCD), which focusses on ensuring that the cotton produced meets specified grades.
Volume segment attained the highest share in the market and it will continue to dominate the market in the future as it has no competition.
The value segment by consumption analysis has experienced significant growth and it will continue to grow in the future.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India cotton Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India cotton Market Revenues & Volume, 2023 & 2030F |
3.3 India cotton Market - Industry Life Cycle |
3.4 India cotton Market - Porter's Five Forces |
3.5 India cotton Market Revenues & Volume Share, By By Production Analysis, 2020 & 2030F |
3.6 India cotton Market Revenues & Volume Share, By By Consumption Analysis, 2020 & 2030F |
3.7 India cotton Market Revenues & Volume Share, By By Export Analysis, 2020 & 2030F |
3.8 India cotton Market Revenues & Volume Share, By By Import Analysis, 2020 & 2030F |
4 India cotton Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India cotton Market Trends |
6 India cotton Market, By Types |
6.1 India cotton Market, By By Production Analysis |
6.1.1 Overview and Analysis |
6.1.2 India cotton Market Revenues & Volume, By By Production Analysis, 2023 - 2030F |
6.1.3 India cotton Market Revenues & Volume, By Volume, 2023 - 2030F |
6.2 India cotton Market, By By Consumption Analysis |
6.2.1 Overview and Analysis |
6.2.2 India cotton Market Revenues & Volume, By Value, 2023 - 2030F |
6.2.3 India cotton Market Revenues & Volume, By Volume, 2023 - 2030F |
6.3 India cotton Market, By By Export Analysis |
6.3.1 Overview and Analysis |
6.3.2 India cotton Market Revenues & Volume, By Value, 2023 - 2030F |
6.3.3 India cotton Market Revenues & Volume, By Volume, 2023 - 2030F |
6.4 India cotton Market, By By Import Analysis |
6.4.1 Overview and Analysis |
6.4.2 India cotton Market Revenues & Volume, By Value, 2023 - 2030F |
6.4.3 India cotton Market Revenues & Volume, By Volume, 2023 - 2030F |
7 India cotton Market Import-Export Trade Statistics |
7.1 India cotton Market Export to Major Countries |
7.2 India cotton Market Imports from Major Countries |
8 India cotton Market Key Performance Indicators |
9 India cotton Market - Opportunity Assessment |
9.1 India cotton Market Opportunity Assessment, By By Production Analysis, 2020 & 2030F |
9.2 India cotton Market Opportunity Assessment, By By Consumption Analysis, 2020 & 2030F |
9.3 India cotton Market Opportunity Assessment, By By Export Analysis, 2020 & 2030F |
9.4 India cotton Market Opportunity Assessment, By By Import Analysis, 2020 & 2030F |
10 India cotton Market - Competitive Landscape |
10.1 India cotton Market Revenue Share, By Companies, 2023 |
10.2 India cotton Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |