Price for Cotton Waste (Including Yarn Waste and Garnetted Stock) in Canada - 2024

Contents:

1. Price for Cotton Waste (Including Yarn Waste and Garnetted Stock) in Canada (CIF) - 2024
2. Price for Cotton Waste (Including Yarn Waste and Garnetted Stock) in Canada (FOB) - 2022
3. Imports of Cotton Waste (Including Yarn Waste and Garnetted Stock) in Canada
4. Exports of Cotton Waste (Including Yarn Waste and Garnetted Stock) in Canada

Price for Cotton Waste (Including Yarn Waste and Garnetted Stock) in Canada (CIF) - 2024

In January 2024, the average import price for cotton waste (including yarn waste and garnetted stock) amounted to $1,576 per ton, shrinking by -5.4% against the previous month. Overall, the import price, however, saw a strong expansion. The pace of growth was the most pronounced in October 2023 an increase of 368% month-to-month. As a result, import price attained the peak level of $5,071 per ton. From November 2023 to January 2024, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was the United States ($1,846 per ton), while the price for Tunisia ($520 per ton) was amongst the lowest.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Pakistan (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cotton Waste (Including Yarn Waste and Garnetted Stock) in Canada (FOB) - 2022

The average export price for cotton waste (including yarn waste and garnetted stock) stood at $331 per ton in 2022, shrinking by -25% against the previous year. Over the period under review, the export price recorded a pronounced descent. The most prominent rate of growth was recorded in 2021 when the average export price increased by 81% against the previous year. Over the period under review, the average export prices reached the maximum at $474 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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 the United States ($623 per ton), while the average price for exports to India ($250 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 Ukraine (+4.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Cotton Waste (Including Yarn Waste and Garnetted Stock) in Canada

After two years of decline, overseas purchases of cotton waste (including yarn waste and garnetted stock) increased by 3.8% to 2.7K tons in 2022. In general, imports, however, faced a dramatic setback.

In value terms, imports of cotton waste (including yarn waste and garnetted stock) soared to $2.4M in 2022. Over the period under review, imports, however, saw a abrupt shrinkage.

Top Suppliers of Cotton Waste (Including Yarn Waste and Garnetted Stock) to Canada in 2022:

1. United States (2362.2 tons)
2. Italy (226.0 tons)
3. Turkey (122.2 tons)

Exports of Cotton Waste (Including Yarn Waste and Garnetted Stock) in Canada

For the third year in a row, Canada recorded decline in shipments abroad of cotton waste (including yarn waste and garnetted stock), which decreased by -42.9% to 195 tons in 2022. Overall, exports continue to indicate a dramatic curtailment. The smallest decline of -2.2% was in 2021.

In value terms, exports of cotton waste (including yarn waste and garnetted stock) contracted sharply to $64K in 2022. Over the period under review, exports showed a deep contraction. The growth pace was the most rapid in 2021 with an increase of 77%. As a result, the exports reached the peak of $151K, and then reduced rapidly in the following year.

Top Export Markets for Cotton Waste (Including Yarn Waste and Garnetted Stock) from Canada in 2022:

1. India (139.9 tons)
2. United States (42.4 tons)
3. Norway (12.3 tons)

Source: IndexBox Market Intelligence Platform