Europe Cotton Market Size (2024 - 2029)

Europe Cotton Market Analysis

The Europe Cotton Market size is estimated at USD 8.08 billion in 2024, and is expected to reach USD 10.27 billion by 2029, growing at a CAGR of 4.91% during the forecast period (2024-2029).

Europe stands as one of the pivotal players in the cotton sector, ranking among the world's top 10 exporters. Within Europe, Greece emerges as the foremost producer and exporter of cotton. Key cotton-producing regions in Greece include Thessaly, Macedonia, Thrace, and the Mainland. According to the United States Department of Agriculture, Greece's cotton production rose from 295,000 metric tons in 2021 to 322,000 metric tons in 2022.

European cotton offers a prime opportunity for the European textile industry and retail sector to forge traceable and transparent regional supply chains. Greece accounts for approximately 80% of EUCOTTON production, while Spain contributes the remaining 20%. Renowned for its high quality, this fiber is in high demand among textile manufacturing nations. EUCOTTON is distinguished as a recyclable raw material, boasting emissions that are significantly lower than its counterparts. The production of European cotton emits three times fewer greenhouse gases than synthetic fibers, such as polyester. Additionally, as the earliest crop in the northern hemisphere, European cotton enables the textile industry to produce timely, efficient responses to consumer demands, further propelling market growth.

Additionally, the European countries offer crop-specific payments for cotton, capping the eligible area for each country. Farmers qualify for these payments only if they cultivate cotton on EU-sanctioned land, utilize approved seed varieties, and meet the minimum quality standards for the harvested cotton. These payments aim to safeguard against potential disruptions in cotton-producing regions. For instance, each year, a maximum of 302,000 hectares receive coupled support, with Greece accounting for 250,000 hectares and Spain for 48,000 hectares.

Furthermore, Europe has adopted a completely open approach to its cotton market, eliminating both import duties and export subsidies. This strategy not only promotes free trade but also ensures that European cotton producers face equal competition with their international counterparts. In addition, the government has rolled out restructuring initiatives aimed at enhancing the economic viability of the cotton sector. These initiatives encompass dismantling outdated ginning facilities, channeling investments into the ginning industry, and actively engaging in cotton quality enhancement schemes. Through these initiatives, the government seeks to strike a balance between fostering a competitive cotton sector and upholding the principles of sustainability and quality, thereby propelling the market forward.

Europe Cotton Industry Segmentation

Cotton is an arable crop used mainly for fiber. Cottonseed remains after cotton are used to make oil for human use and oilseed cake for animal feed. Only cotton lint is considered in the report excluding the cottonseed. The European Cotton Market is segmented by Geography (Germany, Spain, Greece, Bulgaria, Albania, and the Rest of Europe). The study includes Production Analysis (Volume), Consumption Analysis (Value and Volume), Export Analysis (Value and Volume), Import Analysis (Value and Volume), and Price Trend Analysis. The report offers market estimation and forecasts in Value (USD) and Volume (Metric Tons) for the abovementioned segments.