Price for Cotton Waste (Including Yarn Waste and Garnetted Stock) in Spain - 2023
Contents:
- Price for Cotton Waste (Including Yarn Waste and Garnetted Stock) in Spain (FOB) - 2023
- Price for Cotton Waste (Including Yarn Waste and Garnetted Stock) in Spain (CIF) - 2022
- Exports of Cotton Waste (Including Yarn Waste and Garnetted Stock) in Spain
- Imports of Cotton Waste (Including Yarn Waste and Garnetted Stock) in Spain
Price for Cotton Waste (Including Yarn Waste and Garnetted Stock) in Spain (FOB) - 2023
In December 2023, the average export price for cotton waste (including yarn waste and garnetted stock) amounted to $937 per ton, surging by 10% against the previous month. In general, the export price, however, continues to indicate a pronounced curtailment. The pace of growth was the most pronounced in February 2023 an increase of 70% against the previous month. Over the period under review, the average export prices hit record highs at $2,148 per ton in March 2023; however, from April 2023 to December 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In December 2023, the country with the highest price was Morocco ($1,794 per ton), while the average price for exports to France ($793 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+6.7%), 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 Spain (CIF) - 2022
In 2022, the average import price for cotton waste (including yarn waste and garnetted stock) amounted to $1,028 per ton, growing by 10% against the previous year. In general, the import price, however, continues to indicate a mild descent. The most prominent rate of growth was recorded in 2017 an increase of 28% against the previous year. The import price peaked at $1,251 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
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 Turkey ($2,456 per ton), while the price for Tunisia ($491 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+6.9%), 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 Spain
In 2022, approx. 7K tons of cotton waste (including yarn waste and garnetted stock) were exported from Spain; declining by -19.7% on 2021 figures. In general, exports, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2021 when exports increased by 94% against the previous year. As a result, the exports reached the peak of 8.7K tons, and then dropped remarkably in the following year.
In value terms, exports of cotton waste (including yarn waste and garnetted stock) declined significantly to $7.3M in 2022. Overall, exports, however, showed a remarkable increase. The pace of growth appeared the most rapid in 2021 with an increase of 115% against the previous year. As a result, the exports reached the peak of $9.8M, and then fell significantly in the following year.
| Export of Cotton Waste (Including Yarn Waste and Garnetted Stock) in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 2,182 | 2,112 | 2,683 | 1,790 | -6.4% |
| Italy | 512 | 455 | 1,542 | 1,566 | 45.2% |
| Portugal | 695 | 662 | 170 | 1,502 | 29.3% |
| Bangladesh | 110 | 151 | 2,184 | 941 | 104.5% |
| Pakistan | 0.6 | 1.0 | 1,611 | 445 | 805.2% |
| Germany | 696 | 459 | 18.0 | 403 | -16.7% |
| Brazil | 315 | 182 | 231 | 73.8 | -38.4% |
| Others | 1,205 | 562 | 1,409 | 623 | -19.7% |
| Total | 5,715 | 4,584 | 9,847 | 7,344 | 8.7% |
Top Export Markets for Cotton Waste (Including Yarn Waste and Garnetted Stock) from Spain in 2022:
- France (2034.5 tons)
- Italy (1729.3 tons)
- Portugal (1020.7 tons)
- Germany (742.1 tons)
- Bangladesh (585.2 tons)
- Pakistan (407.4 tons)
- Brazil (93.0 tons)
Imports of Cotton Waste (Including Yarn Waste and Garnetted Stock) in Spain
In 2022, the amount of cotton waste (including yarn waste and garnetted stock) imported into Spain dropped rapidly to 2.1K tons, declining by -76.2% against 2021 figures. In general, imports showed a precipitous contraction. The pace of growth appeared the most rapid in 2021 with an increase of 26%. As a result, imports reached the peak of 8.6K tons, and then contracted dramatically in the following year.
In value terms, imports of cotton waste (including yarn waste and garnetted stock) fell remarkably to $2.1M in 2022. Overall, imports recorded a significant decline. The growth pace was the most rapid in 2021 when imports increased by 5.1%. As a result, imports reached the peak of $8.1M, and then dropped significantly in the following year.
| Import of Cotton Waste (Including Yarn Waste and Garnetted Stock) in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Honduras | 301 | 185 | 681 | 334 | 3.5% |
| Turkey | 1,245 | 1,571 | 1,124 | 281 | -39.1% |
| Bangladesh | 582 | 203 | 350 | 225 | -27.2% |
| Mauritius | 354 | 179 | 401 | 222 | -14.4% |
| India | 0.4 | 174 | 29.5 | 200 | 693.7% |
| United States | 28.0 | 390 | 178 | 188 | 88.7% |
| Pakistan | 918 | 1,796 | 1,187 | 173 | -42.7% |
| El Salvador | 183 | 188 | 295 | 155 | -5.4% |
| Germany | 1,534 | 608 | 1,722 | 73.1 | -63.7% |
| Uzbekistan | 109 | 169 | 30.1 | 66.7 | -15.1% |
| Tunisia | 73.9 | 66.2 | 67.2 | 39.0 | -19.2% |
| Belgium | 31.0 | 22.2 | 52.2 | 38.4 | 7.4% |
| France | 583 | 672 | 253 | 23.9 | -65.5% |
| Others | 1,658 | 1,459 | 1,702 | 92.2 | -61.8% |
| Total | 7,601 | 7,683 | 8,072 | 2,111 | -34.8% |
Top Suppliers of Cotton Waste (Including Yarn Waste and Garnetted Stock) to Spain in 2022:
- Honduras (456.0 tons)
- Mauritius (329.6 tons)
- Bangladesh (203.5 tons)
- El Salvador (187.9 tons)
- United States (172.7 tons)
- Turkey (114.5 tons)
- India (102.9 tons)
- Tunisia (79.5 tons)
- Pakistan (73.4 tons)
- Uzbekistan (60.8 tons)
- Belgium (57.2 tons)
- Germany (52.6 tons)
- France (46.5 tons)
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