Price for Cotton Waste (Including Yarn Waste and Garnetted Stock) in Pakistan - 2023
Contents:
- Price for Cotton Waste (Including Yarn Waste and Garnetted Stock) in Pakistan (FOB) - 2023
- Price for Cotton Waste (Including Yarn Waste and Garnetted Stock) in Pakistan (CIF) - 2023
- Exports of Cotton Waste (Including Yarn Waste and Garnetted Stock) in Pakistan
- Imports of Cotton Waste (Including Yarn Waste and Garnetted Stock) in Pakistan
Price for Cotton Waste (Including Yarn Waste and Garnetted Stock) in Pakistan (FOB) - 2023
The average export price for cotton waste (including yarn waste and garnetted stock) stood at $1,499 per ton in July 2023, growing by 110% against the previous month. Overall, the export price saw a prominent expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination: the country with the highest price was Greece ($2,658 per ton), while the average price for exports to Afghanistan ($214 per ton) was amongst the lowest.
From August 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Greece (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cotton Waste (Including Yarn Waste and Garnetted Stock) in Pakistan (CIF) - 2023
In July 2023, the average import price for cotton waste (including yarn waste and garnetted stock) amounted to $994 per ton, falling by -7.5% against the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in June 2023 an increase of 126% month-to-month. As a result, import price attained the peak level of $1,075 per ton, and then contracted in the following month.
Average prices varied somewhat amongst the major supplying countries. In July 2023, the country with the highest price was Bangladesh ($1,147 per ton), while the price for Bahrain totaled $789 per ton.
From August 2022 to July 2023, the most notable rate of growth in terms of prices was attained by China (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Cotton Waste (Including Yarn Waste and Garnetted Stock) in Pakistan
In 2022, exports of cotton waste (including yarn waste and garnetted stock) from Pakistan surged to 55K tons, picking up by 63% on 2021. In general, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +12.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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) rose sharply to $51M in 2022. The total export value increased at an average annual rate of +3.8% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2020 when exports increased by 22%. As a result, the exports attained the peak of $56M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Cotton Waste (Including Yarn Waste and Garnetted Stock) in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 7.2 | 8.4 | 8.7 | 7.1 | -0.5% |
| Italy | 3.6 | 5.5 | 3.3 | 6.4 | 21.1% |
| Taiwan (Chinese) | 8.5 | 4.8 | 3.6 | 6.1 | -10.5% |
| Spain | 1.8 | 2.8 | 2.2 | 3.4 | 23.6% |
| United States | 0.1 | 1.0 | 1.7 | 3.2 | 217.5% |
| Philippines | 3.2 | 4.8 | 6.9 | 3.1 | -1.1% |
| Poland | 1.8 | 3.5 | 1.8 | 2.4 | 10.1% |
| China | 1.2 | 1.9 | 3.8 | 2.3 | 24.2% |
| Vietnam | 2.3 | 1.8 | 2.4 | 2.2 | -1.5% |
| Greece | 0.7 | 1.4 | 0.4 | 1.6 | 31.7% |
| United Kingdom | 0.9 | 1.7 | 1.3 | 1.5 | 18.6% |
| Brazil | 1.2 | 1.7 | 1.3 | 1.4 | 5.3% |
| South Korea | 0.8 | 0.7 | 0.6 | 0.5 | -14.5% |
| Others | 12.4 | 16.0 | 10.3 | 10.0 | -6.9% |
| Total | 45.7 | 55.9 | 48.2 | 51.2 | 3.9% |
Top Export Markets for Cotton Waste (Including Yarn Waste and Garnetted Stock) from Pakistan in 2022:
- Taiwan (Chinese) (7.9K tons)
- Italy (7.1K tons)
- France (6.2K tons)
- Spain (3.5K tons)
- United States (3.4K tons)
- Philippines (3.2K tons)
- Vietnam (2.7K tons)
- Brazil (2.4K tons)
- China (2.1K tons)
- Poland (1.9K tons)
- Greece (1.6K tons)
- United Kingdom (1.4K tons)
- South Korea (1.1K tons)
Imports of Cotton Waste (Including Yarn Waste and Garnetted Stock) in Pakistan
In 2022, imports of cotton waste (including yarn waste and garnetted stock) into Pakistan soared to 15K tons, jumping by 152% on 2021 figures. Overall, imports showed a significant expansion. As a result, imports attained 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) surged to $14M in 2022. Over the period under review, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Cotton Waste (Including Yarn Waste and Garnetted Stock) in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | N/A | 35.5 | 141 | 3,774 | 931.1% |
| Spain | N/A | 5.1 | 44.0 | 2,682 | 2193.2% |
| Indonesia | N/A | N/A | N/A | 2,192 | 0% |
| Bangladesh | 1,047 | 733 | 1,265 | 879 | -5.7% |
| Turkmenistan | 187 | 20.1 | 182 | 830 | 64.3% |
| Thailand | 204 | 180 | 401 | 659 | 47.8% |
| Tanzania | 185 | 111 | 211 | 583 | 46.6% |
| Bahrain | 651 | 343 | 764 | 507 | -8.0% |
| United Arab Emirates | 40.2 | 380 | 730 | 103 | 36.8% |
| Others | 549 | 227 | 529 | 1,358 | 35.2% |
| Total | 2,864 | 2,033 | 4,266 | 13,566 | 67.9% |
Top Suppliers of Cotton Waste (Including Yarn Waste and Garnetted Stock) to Pakistan in 2022:
- Turkey (4.3K tons)
- Spain (2.4K tons)
- Indonesia (2.2K tons)
- Bangladesh (1.0K tons)
- Turkmenistan (0.8K tons)
- Bahrain (0.7K tons)
- Tanzania (0.7K tons)
- Thailand (0.7K tons)
- United Arab Emirates (0.2K tons)
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