Price for Cotton; Garnetted Stock Waste in Ethiopia - 2022

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

In 2022, the average cotton; garnetted stock waste import price amounted to $775 per ton, therefore, remained relatively stable against the previous year. Overall, the import price, however, saw a pronounced descent. The pace of growth was the most pronounced in 2017 an increase of less than 0.1%. Over the period under review, average import prices attained the peak figure at $1,229 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -4.5% per year.

Imports of Cotton; Garnetted Stock Waste in Ethiopia

For the fourth year in a row, Ethiopia recorded growth in purchases abroad of cotton; garnetted stock waste, which increased by 20% to 13 tons in 2022. In general, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +20.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 20% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, cotton; garnetted stock waste imports surged to $10K in 2022. Overall, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +20.0% 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 +72.8% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 20% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in years to come.