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

Contents:

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

Price for Cotton Waste (Including Yarn Waste and Garnetted Stock) in Ghana (CIF) - 2022

The average import price for cotton waste (including yarn waste and garnetted stock) stood at $733 per ton in 2022, flattening at the previous year. Over the period under review, the import price continues to indicate a drastic downturn. The growth pace was the most rapid in 2017 an increase of 152%. As a result, import price reached the peak level of $2,553 per ton. From 2018 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($1,782 per ton), while the price for Cote d'Ivoire ($234 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Burkina Faso (-3.3%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the average export price for cotton waste (including yarn waste and garnetted stock) amounted to $922 per ton, picking up by 23% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 71% against the previous year. As a result, the export price attained the peak level of $1,473 per ton. From 2017 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($2,234 per ton), while the average price for exports to Denmark ($97 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 Niger (+4.9%).

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

In 2022, approx. 145 tons of cotton waste (including yarn waste and garnetted stock) were imported into Ghana; picking up by 782% against the previous year. In general, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of cotton waste (including yarn waste and garnetted stock) skyrocketed to $106K in 2022. Over the period under review, imports enjoyed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. Burkina Faso (132.0 tons)
2. Cote d'Ivoire (8.6 tons)
3. Italy (2.9 tons)

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

For the third year in a row, Ghana recorded decline in overseas shipments of cotton waste (including yarn waste and garnetted stock), which decreased by -28.1% to 1.9 tons in 2022. Over the period under review, exports saw a sharp contraction. The smallest decline of -10.9% was in 2021.

In value terms, exports of cotton waste (including yarn waste and garnetted stock) dropped to $1.8K in 2022. In general, exports recorded a sharp decline. The smallest decline of -11.7% was in 2021.

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

1. Portugal (1193.0 kg)
2. Niger (534.0 kg)
3. China (124.0 kg)
4. Denmark (62.0 kg)

Source: IndexBox Market Intelligence Platform