Why India will be losing cotton export markets to Bangladesh, China, Pakistan and Vietnam by 2021-25?
India Cotton Export Emerging & Declining Markets By 2021-25?
India was the top cotton exporter in Bangladesh up to 2020.
India's cotton export to Bangladesh will decrease from $651.0 mn to $531.9 mn by 2021-25.
Important note:Why will India losing export market in Bangladesh?
Is it important to understand the wisdom of the above question?
Yes of course, you must always have an eagle eye on competing suppliers in that particular market. Here, the destination market is Bangladesh.
Three competing nations in the Bangladesh cotton market will be Australia, US and Côte d'Ivoire. Considering the criteria of larger difference between the 2021 exports and prospects by 2025.
This represents the average export values of below countries cotton export to Bangladesh.
Bangladesh cotton import market will be captured by Australia ($140 mn to $294 mn) US ($207 mn to $279 mn) & Côte d'Ivoire ($78 mn to $142 mn) by 2021-25.
It will be very interesting to get insight into India's new cotton export markets by 2021-25...
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Can we forecast the size of the growing/bearish market?
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We need to redefine the marketing strategy.
There should be aggressive marketing of a specific product in a rapidly expanding market.
In a neutral market simple marketing is going to work.
Interesting Comparison:
Comparison of countries having larger value difference between 2021 export and prospects of 2025 Vs countries with smaller value difference between 2021-25.
Which will be the Top Country?+$278 mn Vs Bangladesh -$120 mn (saturated market in the next 5 years)
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Note: All the values are in an USA dollar. Prices may vary as per the market demand and dollar value fluctuation. 2021's average export value can be equivalent to or lower than export values recorded in other trade databases. The average value is the essence of the reliable reports of the last five years. Six digit HS code 520100 was used for the above insight as it is standard protocol HS code.
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Research source:
1. World Trade Organization, Trade forecast.
2. World Bank WITS.
3. International Trade Centre.
Research access duration August 2021.
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