Price for Cotton; Garnetted Stock Waste in Argentina - 2023

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

In 2022, the average cotton; garnetted stock waste import price amounted to $358 per ton, increasing by 7.8% against the previous year. Over the period from 2018 to 2022, it increased at an average annual rate of +1.6%. The growth pace was the most rapid in 2021 when the average import price increased by 18%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Brazil.

From 2018 to 2022, the rate of growth in terms of prices for Brazil amounted to +1.5% per year.

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

The average cotton; garnetted stock waste export price stood at $388 per ton in 2022, which is down by -43.5% against the previous year. Overall, the export price recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 when the average export price increased by 20% against the previous year. As a result, the export price reached the peak level of $1,474 per ton. From 2014 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Paraguay ($893 per ton), while the average price for exports to Chile amounted to $149 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Paraguay (-3.9%).

Imports of Cotton; Garnetted Stock Waste in Argentina

For the fourth consecutive year, Argentina recorded growth in supplies from abroad of cotton; garnetted stock waste, which increased by 26% to 921 tons in 2022. Overall, imports recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 322% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, cotton; garnetted stock waste imports skyrocketed to $330K in 2022. In general, imports saw significant growth. The pace of growth was the most pronounced in 2020 with an increase of 240% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the near future.

Import of Cotton; Garnetted Stock Waste in Argentina (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Brazil	43.5	148	244	330	96.5%
Others	N/A	N/A	N/A	N/A	0%
Total	43.5	148	244	330	96.5%

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

Brazil (921.1 tons)

Exports of Cotton; Garnetted Stock Waste in Argentina

In 2022, overseas shipments of cotton; garnetted stock waste increased by 379% to 148 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, saw a relatively flat trend pattern.

In value terms, cotton; garnetted stock waste exports skyrocketed to $58K in 2022. Over the period under review, exports, however, showed a deep contraction.