Price for Cotton; Garnetted Stock Waste in Bangladesh - 2022
Contents:
- Price for Cotton; Garnetted Stock Waste in Bangladesh (CIF) - 2022
- Price for Cotton; Garnetted Stock Waste in Bangladesh (FOB) - 2022
- Imports of Cotton; Garnetted Stock Waste in Bangladesh
- Exports of Cotton; Garnetted Stock Waste in Bangladesh
Price for Cotton; Garnetted Stock Waste in Bangladesh (CIF) - 2022
In 2022, the average cotton; garnetted stock waste import price amounted to $823 per ton, reducing by -1.8% against the previous year. Overall, the import price showed a abrupt contraction. The pace of growth appeared the most rapid in 2014 when the average import price increased by 31%. Over the period under review, average import prices hit record highs at $7,382 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Spain ($1,071 per ton) and Nigeria ($994 per ton), while the price for Pakistan ($772 per ton) and Brazil ($790 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+1.0%), while the prices for the other major suppliers experienced a decline.
Price for Cotton; Garnetted Stock Waste in Bangladesh (FOB) - 2022
The average cotton; garnetted stock waste export price stood at $902 per ton in 2022, with an increase of 11% against the previous year. In general, the export price showed a noticeable expansion. The pace of growth appeared the most rapid in 2018 when the average export price increased by 36% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($1,490 per ton), while the average price for exports to Nepal ($160 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+35.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cotton; Garnetted Stock Waste in Bangladesh
For the fourth year in a row, Bangladesh recorded growth in purchases abroad of cotton; garnetted stock waste, which increased by 28% to 2.7K tons in 2022. In general, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 64% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, cotton; garnetted stock waste imports skyrocketed to $2.2M in 2022. Over the period under review, imports posted significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 26% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Cotton; Garnetted Stock Waste in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | N/A | 1,184 | 1,195 | 1,799 | 23.3% |
| Spain | 296 | 61.1 | 301 | 240 | -6.8% |
| Nigeria | 662 | 125 | 195 | 107 | -45.5% |
| Pakistan | 146 | 31.3 | 74.9 | 41.6 | -34.2% |
| Others | 11.8 | 1.5 | 1.5 | 36.8 | 46.1% |
| Total | 1,115 | 1,404 | 1,767 | 2,225 | 25.9% |
Top Suppliers of Cotton; Garnetted Stock Waste to Bangladesh in 2022:
- Brazil (2276.9 tons)
- Spain (224.1 tons)
- Nigeria (107.8 tons)
- Pakistan (53.9 tons)
Exports of Cotton; Garnetted Stock Waste in Bangladesh
In 2022, approx. 1.4K tons of cotton; garnetted stock waste were exported from Bangladesh; shrinking by -42.7% compared with the previous year's figure. Overall, exports saw a sharp downturn. The most prominent rate of growth was recorded in 2021 with an increase of 14% against the previous year.
In value terms, cotton; garnetted stock waste exports fell markedly to $1.3M in 2022. Over the period under review, exports showed a abrupt shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 46% against the previous year. As a result, the exports reached the peak of $2M, and then shrank significantly in the following year.
| Export of Cotton; Garnetted Stock Waste in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Pakistan | 716 | 771 | 1,198 | 722 | 0.3% |
| Spain | 525 | 212 | 307 | 187 | -29.1% |
| United States | 79.2 | 133 | 254 | 116 | 13.6% |
| Sweden | N/A | N/A | N/A | 87.7 | 0% |
| Brazil | 183 | 110 | 87.9 | 65.6 | -29.0% |
| Nepal | 71.1 | 74.4 | 61.5 | 46.7 | -13.1% |
| Malaysia | N/A | N/A | N/A | 37.1 | 0% |
| Others | 58.1 | 73.2 | 99.9 | 12.8 | -39.6% |
| Total | 1,633 | 1,373 | 2,008 | 1,275 | -7.9% |
Top Export Markets for Cotton; Garnetted Stock Waste from Bangladesh in 2022:
- Pakistan (617.1 tons)
- Nepal (292.3 tons)
- United States (157.5 tons)
- Spain (125.7 tons)
- Brazil (108.8 tons)
- Sweden (64.7 tons)
- Malaysia (38.3 tons)
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