Price for Cotton Waste (Including Yarn Waste and Garnetted Stock) in Portugal - 2023
Contents:
- Price for Cotton Waste (Including Yarn Waste and Garnetted Stock) in Portugal (FOB) - 2023
- Price for Cotton Waste (Including Yarn Waste and Garnetted Stock) in Portugal (CIF) - 2022
- Exports of Cotton Waste (Including Yarn Waste and Garnetted Stock) in Portugal
- Imports of Cotton Waste (Including Yarn Waste and Garnetted Stock) in Portugal
Price for Cotton Waste (Including Yarn Waste and Garnetted Stock) in Portugal (FOB) - 2023
In December 2023, the average export price for cotton waste (including yarn waste and garnetted stock) amounted to $460 per ton, with a decrease of -19.6% against the previous month. In general, the export price continues to indicate a mild curtailment. The growth pace was the most rapid in June 2023 when the average export price increased by 86% m-o-m. As a result, the export price attained the peak level of $699 per ton. From July 2023 to December 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In December 2023, the country with the highest price was France ($1,581 per ton), while the average price for exports to Spain totaled $289 per ton.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+32.5%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Cotton Waste (Including Yarn Waste and Garnetted Stock) in Portugal (CIF) - 2022
The average import price for cotton waste (including yarn waste and garnetted stock) stood at $1,290 per ton in 2022, increasing by 11% against the previous year. Overall, the import price, however, showed a mild decline. Over the period under review, average import prices reached the maximum at $1,461 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkmenistan ($1,878 per ton), while the price for Mozambique ($851 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mauritius (+6.0%), 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 Portugal
In 2022, approx. 6.1K tons of cotton waste (including yarn waste and garnetted stock) were exported from Portugal; declining by -27.3% compared with 2021. Overall, exports saw a abrupt decline. The most prominent rate of growth was recorded in 2021 when exports increased by 0.5% against the previous year.
In value terms, exports of cotton waste (including yarn waste and garnetted stock) declined notably to $2.6M in 2022. In general, exports saw a precipitous slump. The smallest decline of -11.5% was in 2020.
| Export of Cotton Waste (Including Yarn Waste and Garnetted Stock) in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 3,984 | 4,157 | 3,550 | 2,120 | -19.0% |
| France | 179 | 300 | 410 | 211 | 5.6% |
| Germany | 220 | 27.5 | 53.3 | 50.8 | -38.7% |
| Italy | 665 | 78.3 | 82.6 | 42.5 | -60.0% |
| United Kingdom | 453 | 304 | 78.4 | N/A | -58.4% |
| Others | 12.0 | 14.0 | 92.2 | 205 | 157.5% |
| Total | 5,514 | 4,881 | 4,267 | 2,629 | -21.9% |
Top Export Markets for Cotton Waste (Including Yarn Waste and Garnetted Stock) from Portugal in 2022:
- Spain (5.5K tons)
- Germany (0.2K tons)
- France (0.2K tons)
Imports of Cotton Waste (Including Yarn Waste and Garnetted Stock) in Portugal
Imports of cotton waste (including yarn waste and garnetted stock) into Portugal shrank significantly to 1.7K tons in 2022, waning by -60.1% compared with the previous year's figure. Over the period under review, imports recorded a sharp setback. The growth pace was the most rapid in 2021 with an increase of 14%.
In value terms, imports of cotton waste (including yarn waste and garnetted stock) dropped markedly to $2.2M in 2022. Overall, imports showed a dramatic decrease. The growth pace was the most rapid in 2021 when imports increased by 20% against the previous year. As a result, imports reached the peak of $5M, and then fell dramatically in the following year.
| Import of Cotton Waste (Including Yarn Waste and Garnetted Stock) in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 666 | 937 | 1,327 | 943 | 12.3% |
| El Salvador | 11.4 | 60.5 | 517 | 254 | 181.4% |
| Belgium | N/A | 20.2 | 732 | 247 | 249.7% |
| Mozambique | 14.8 | 16.2 | 20.0 | 181 | 130.4% |
| Pakistan | 149 | 138 | 67.6 | 168 | 4.1% |
| Mauritius | N/A | 118 | N/A | 97.9 | -8.9% |
| Turkey | 722 | 282 | 117 | 62.8 | -55.7% |
| United States | 137 | 111 | 1.5 | 48.0 | -29.5% |
| Spain | 546 | 1,155 | 1,648 | 47.6 | -55.7% |
| Benin | 6.1 | N/A | N/A | 40.9 | 88.6% |
| Turkmenistan | 253 | 157 | 71.0 | 35.8 | -47.9% |
| Germany | 357 | 256 | 1.5 | 0.2 | -91.8% |
| Mali | 963 | 84.9 | N/A | N/A | -91.2% |
| Others | 664 | 810 | 466 | 81.7 | -50.3% |
| Total | 4,489 | 4,147 | 4,968 | 2,207 | -21.1% |
Top Suppliers of Cotton Waste (Including Yarn Waste and Garnetted Stock) to Portugal in 2022:
- India (611.2 tons)
- El Salvador (214.5 tons)
- Belgium (212.4 tons)
- Mozambique (212.4 tons)
- Pakistan (90.6 tons)
- Mauritius (62.5 tons)
- Turkey (61.8 tons)
- Spain (51.5 tons)
- United States (50.9 tons)
- Benin (39.5 tons)
- Turkmenistan (19.1 tons)
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