Price for Cotton; Garnetted Stock Waste in Jordan - 2022

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

In 2022, the average cotton; garnetted stock waste import price amounted to $745 per ton, declining by -12.7% against the previous year. In general, the import price faced a abrupt downturn. The most prominent rate of growth was recorded in 2018 when the average import price decreased by -9.3%. Over the period under review, average import prices reached the peak figure at $3,574 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 Turkey.

From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to -14.6% per year.

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

The average cotton; garnetted stock waste export price stood at $6,207 per ton in 2022, rising by 33% against the previous year. Over the period under review, the export price enjoyed a significant expansion. The pace of growth appeared the most rapid in 2017 when the average export price increased by 75% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for Saudi Arabia amounted to +24.8% per year.

Imports of Cotton; Garnetted Stock Waste in Jordan

For the fourth consecutive year, Jordan recorded growth in purchases abroad of cotton; garnetted stock waste, which increased by 26% to 7.4 tons in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +19.5% 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 +70.6% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, cotton; garnetted stock waste imports rose rapidly to $5.5K in 2022. The total import value increased at an average annual rate of +3.6% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Cotton; Garnetted Stock Waste in Jordan (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Turkey	4.9	5.0	5.0	5.5	3.9%
Others	N/A	N/A	N/A	N/A	0%
Total	4.9	5.0	5.0	5.5	3.9%

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

Turkey (7.4 tons)

Exports of Cotton; Garnetted Stock Waste in Jordan

In 2022, the amount of cotton; garnetted stock waste exported from Jordan declined rapidly to 121 kg, with a decrease of -20.4% against the previous year. Over the period under review, exports faced a dramatic downturn. The smallest decline of -19.6% was in 2021.

In value terms, cotton; garnetted stock waste exports reached $751 in 2022. The total export value increased at an average annual rate of +5.9% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 6% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.