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

Contents:

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

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

The average import price for cotton waste (including yarn waste and garnetted stock) stood at $1,986 per ton in 2022, falling by -4.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.0%. The growth pace was the most rapid in 2015 when the average import price increased by 48% against the previous year. As a result, import price reached the peak level of $2,373 per ton. From 2016 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 ($6,897 per ton), while the price for Mexico ($1,902 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+14.4%), 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 Panama (FOB) - 2022

In 2022, the average export price for cotton waste (including yarn waste and garnetted stock) amounted to $27,333 per ton, growing by 247% against the previous year. Overall, the export price showed a significant increase. The pace of growth appeared the most rapid in 2014 an increase of 479% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in years to come.

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

From 2012 to 2022, the rate of growth in terms of prices for Guatemala amounted to -0.8% per year.

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

In 2022, imports of cotton waste (including yarn waste and garnetted stock) into Panama rose notably to 18 tons, with an increase of 7.6% compared with the year before. In general, imports, however, showed a relatively flat trend pattern.

In value terms, imports of cotton waste (including yarn waste and garnetted stock) expanded slightly to $36K in 2022. The total import value increased at an average annual rate of +1.5% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. Mexico (17.5 tons)
2. China (0.3 tons)

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

In 2022, approx. 3 kg of cotton waste (including yarn waste and garnetted stock) were exported from Panama; reducing by -62.5% against the previous year. Over the period under review, exports continue to indicate a sharp slump.

In value terms, exports of cotton waste (including yarn waste and garnetted stock) soared to $82 in 2022. The total export value increased at an average annual rate of +30.2% from 2021 to 2022; 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.

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

1. Guatemala (3.0 kg)

Source: IndexBox Market Intelligence Platform