Price for Cotton Waste (Including Yarn Waste and Garnetted Stock) in the Philippines - 2023
Contents:
- Price for Cotton Waste (Including Yarn Waste and Garnetted Stock) in the Philippines (FOB) - 2022
- Price for Cotton Waste (Including Yarn Waste and Garnetted Stock) in the Philippines (CIF) - 2022
- Exports of Cotton Waste (Including Yarn Waste and Garnetted Stock) in the Philippines
- Imports of Cotton Waste (Including Yarn Waste and Garnetted Stock) in the Philippines
Price for Cotton Waste (Including Yarn Waste and Garnetted Stock) in the Philippines (FOB) - 2022
In 2022, the average export price for cotton waste (including yarn waste and garnetted stock) amounted to $900 per ton, dropping by -17.6% against the previous year. In general, the export price, however, enjoyed a buoyant increase. The growth pace was the most rapid in 2019 when the average export price increased by 149%. Over the period under review, the average export prices hit record highs at $1,242 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was India ($2,567 per ton), while the average price for exports to Taiwan (Chinese) ($311 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+7.7%), while the prices for the other major destinations experienced a decline.
Price for Cotton Waste (Including Yarn Waste and Garnetted Stock) in the Philippines (CIF) - 2022
In 2022, the average import price for cotton waste (including yarn waste and garnetted stock) amounted to $3,547 per ton, growing by 106% against the previous year. In general, the import price saw buoyant growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($4,785 per ton), while the price for Vietnam ($959 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+27.4%), 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 the Philippines
In 2022, exports of cotton waste (including yarn waste and garnetted stock) from the Philippines shrank notably to 405 tons, waning by -45.1% against the previous year's figure. In general, exports showed a slight shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 81%. As a result, the exports reached the peak of 736 tons, and then shrank notably in the following year.
In value terms, exports of cotton waste (including yarn waste and garnetted stock) shrank sharply to $364K in 2022. Overall, exports recorded a perceptible downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 59% against the previous year. As a result, the exports attained the peak of $805K, and then contracted notably in the following year.
| Export of Cotton Waste (Including Yarn Waste and Garnetted Stock) in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 267 | 447 | 799 | 204 | -8.6% |
| India | N/A | N/A | N/A | 109 | 0% |
| Taiwan (Chinese) | 31.0 | 10.4 | 5.0 | 51.3 | 18.3% |
| Turkey | 107 | N/A | N/A | N/A | 0% |
| Others | N/A | 48.3 | 1.4 | N/A | -97.1% |
| Total | 405 | 505 | 805 | 364 | -3.5% |
Top Export Markets for Cotton Waste (Including Yarn Waste and Garnetted Stock) from the Philippines in 2022:
- Thailand (197.0 tons)
- Taiwan (Chinese) (165.1 tons)
- India (42.4 tons)
Imports of Cotton Waste (Including Yarn Waste and Garnetted Stock) in the Philippines
For the third year in a row, the Philippines recorded decline in supplies from abroad of cotton waste (including yarn waste and garnetted stock), which decreased by -90.7% to 41 tons in 2022. Overall, imports continue to indicate a precipitous setback. The smallest decline of -16.8% was in 2020.
In value terms, imports of cotton waste (including yarn waste and garnetted stock) contracted significantly to $146K in 2022. In general, imports showed a precipitous contraction. The smallest decline of -47% was in 2020.
| Import of Cotton Waste (Including Yarn Waste and Garnetted Stock) in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 3.1 | 0.1 | N/A | 0.1 | -68.2% |
| China | 2.7 | 3.8 | N/A | N/A | 40.7% |
| Vietnam | 1.5 | N/A | N/A | N/A | 0% |
| India | 2.5 | 0.1 | N/A | N/A | -96.0% |
| Indonesia | 0.6 | 0.7 | N/A | N/A | 16.7% |
| Taiwan (Chinese) | N/A | N/A | N/A | N/A | 0% |
| Pakistan | 1.9 | 2.0 | 0.7 | N/A | -39.3% |
| Others | 1.3 | 0.5 | N/A | N/A | -61.5% |
| Total | 13.6 | 7.2 | 0.8 | 0.1 | -80.6% |
Top Suppliers of Cotton Waste (Including Yarn Waste and Garnetted Stock) to the Philippines in 2022:
- Thailand (24.3 tons)
- China (14.0 tons)
- Vietnam (1.7 tons)
- Taiwan (Chinese) (0.8 tons)
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