Price for Cotton; Garnetted Stock Waste in Nepal - 2022

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

The average cotton; garnetted stock waste import price stood at $872 per ton in 2022, surging by 213% against the previous year. In general, the import price posted a temperate increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for Bangladesh amounted to -7.0% per year.

Imports of Cotton; Garnetted Stock Waste in Nepal

In 2022, overseas purchases of cotton; garnetted stock waste decreased by -99.3% to 2.3 tons, falling for the second year in a row after two years of growth. Overall, imports recorded a sharp decline. The pace of growth appeared the most rapid in 2020 when imports increased by 96% against the previous year. As a result, imports reached the peak of 386 tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, cotton; garnetted stock waste imports reduced notably to $2K in 2022. Over the period under review, imports showed a dramatic shrinkage. The growth pace was the most rapid in 2020 when imports increased by 95%. As a result, imports reached the peak of $102K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.