Price for Cotton Waste (Including Yarn Waste and Garnetted Stock) in Myanmar - 2023

Contents:

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

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

The average import price for cotton waste (including yarn waste and garnetted stock) stood at $1,962 per ton in 2022, surging by 9.5% against the previous year. In general, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for cotton waste (including yarn waste and garnetted stock) decreased by -20.4% against 2020 indices. The most prominent rate of growth was recorded in 2019 when the average import price increased by 47%. Over the period under review, average import prices reached the peak figure at $2,465 per ton in 2020; however, from 2021 to 2022, import prices remained at a 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 Thailand ($3,252 per ton), while the price for Turkey ($204 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+13.7%), 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 Myanmar (FOB) - 2022

The average export price for cotton waste (including yarn waste and garnetted stock) stood at $4,027 per ton in 2020, waning by -9% against the previous year. Overall, the export price, however, recorded a strong increase. The growth pace was the most rapid in 2016 an increase of 845%. The export price peaked at $5,099 per ton in 2018; however, from 2019 to 2020, the export prices failed to regain momentum.

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

From 2012 to 2020, the rate of growth in terms of prices for Japan amounted to +204.2% per year.

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

In 2022, the amount of cotton waste (including yarn waste and garnetted stock) imported into Myanmar surged to 1.8K tons, increasing by 84% against 2021. Over the period under review, imports, however, recorded a mild curtailment.

In value terms, imports of cotton waste (including yarn waste and garnetted stock) surged to $3.6M in 2022. Overall, imports continue to indicate a relatively flat trend pattern.

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

1. China (811.6 tons)
2. Turkey (334.3 tons)
3. Malaysia (301.8 tons)
4. Thailand (184.2 tons)
5. Bangladesh (51.3 tons)
6. Sri Lanka (51.3 tons)
7. India (43.9 tons)

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

Exports of cotton waste (including yarn waste and garnetted stock) from Myanmar soared to 178 tons in 2020, picking up by 25% on the previous year's figure. The total export volume increased at an average annual rate of +24.7% over the period from 2019 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of cotton waste (including yarn waste and garnetted stock) expanded significantly to $717K in 2020. The total export value increased at an average annual rate of +13.5% over the period from 2019 to 2020; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. Thailand (178.0 tons)

Source: IndexBox Market Intelligence Platform