Price for Cotton; Garnetted Stock Waste in Algeria - 2022

Contents:

1. Price for Cotton; Garnetted Stock Waste in Algeria (CIF) - 2022
2. Price for Cotton; Garnetted Stock Waste in Algeria (FOB) - 2022
3. Imports of Cotton; Garnetted Stock Waste in Algeria
4. Exports of Cotton; Garnetted Stock Waste in Algeria

Price for Cotton; Garnetted Stock Waste in Algeria (CIF) - 2022

In 2022, the average cotton; garnetted stock waste import price amounted to $995 per ton, reducing by -38.1% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 56% against the previous year. Over the period under review, average import prices hit record highs at $2,037 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($4,266 per ton), while the price for Morocco ($256 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+17.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cotton; Garnetted Stock Waste in Algeria (FOB) - 2022

The average cotton; garnetted stock waste export price stood at $513 per ton in 2022, with a decrease of -22.2% against the previous year. Over the period under review, export price indicated buoyant growth from 2020 to 2022: its price increased at an average annual rate of +7.9% over the last two years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cotton; garnetted stock waste export price increased by +16.4% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 50%. As a result, the export price reached the peak level of $659 per ton, and then fell rapidly in the following year.

As there is only one major export destination, the average price level is determined by prices for Turkey.

From 2020 to 2022, the rate of growth in terms of prices for Turkey amounted to +8.0% per year.

Imports of Cotton; Garnetted Stock Waste in Algeria

In 2022, the amount of cotton; garnetted stock waste imported into Algeria soared to 634 tons, increasing by 17% against the previous year's figure. In general, imports posted a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 93% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, cotton; garnetted stock waste imports contracted sharply to $631K in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +10.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +36.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 52% against the previous year. As a result, imports reached the peak of $870K, and then dropped remarkably in the following year.

Top Suppliers of Cotton; Garnetted Stock Waste to Algeria in 2022:

1. Belgium (336.4 tons)
2. Tunisia (129.7 tons)
3. Pakistan (65.3 tons)
4. France (43.4 tons)
5. Spain (38.8 tons)
6. Morocco (13.3 tons)
7. Turkey (7.5 tons)

Exports of Cotton; Garnetted Stock Waste in Algeria

For the third consecutive year, Algeria recorded growth in overseas shipments of cotton; garnetted stock waste, which increased by 39% to 465 tons in 2022. Over the period under review, exports recorded a significant increase. The growth pace was the most rapid in 2021 when exports increased by 533%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, cotton; garnetted stock waste exports expanded rapidly to $239K in 2022. In general, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2021 with an increase of 848%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Cotton; Garnetted Stock Waste from Algeria in 2022:

1. Turkey (465.5 tons)

Source: IndexBox Market Intelligence Platform