Price for Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in Ethiopia - 2022
Contents:
- Price for Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in Ethiopia (CIF) - 2022
- Price for Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in Ethiopia (FOB) - 2022
- Imports of Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in Ethiopia
- Exports of Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in Ethiopia
Price for Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in Ethiopia (CIF) - 2022
In 2022, the average import price for cotton; waste other than garnetted stock and yarn (including thread) waste amounted to $1,521 per ton, surging by 23% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average import price increased by 28%. As a result, import price reached the peak level of $3,054 per ton. From 2017 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($1,529 per ton), while the price for China amounted to $330 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-0.2%).
Price for Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in Ethiopia (FOB) - 2022
In 2022, the average export price for cotton; waste other than garnetted stock and yarn (including thread) waste amounted to $483 per ton, shrinking by -28.8% against the previous year. Overall, the export price continues to indicate a deep contraction. The pace of growth appeared the most rapid in 2017 when the average export price increased by 13%. As a result, the export price reached the peak level of $1,337 per ton. From 2018 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($591 per ton), while the average price for exports to Sri Lanka ($219 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 Belgium (+0.8%), while the prices for the other major destinations experienced a decline.
Imports of Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in Ethiopia
In 2022, the amount of cotton; waste other than garnetted stock and yarn (including thread) waste imported into Ethiopia soared to 155 tons, jumping by 38% against the previous year's figure. Over the period under review, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 87% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of cotton; waste other than garnetted stock and yarn (including thread) waste soared to $235K in 2022. In general, imports posted significant growth. The pace of growth was the most pronounced in 2020 with an increase of 117%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.
| Import of Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 41.0 | 89.4 | 137 | 233 | 78.5% |
| Others | 0.4 | 0.6 | 1.7 | 1.9 | 68.1% |
| Total | 41.4 | 90.0 | 139 | 235 | 78.4% |
Top Suppliers of Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste to Ethiopia in 2022:
- India (152.7 tons)
Exports of Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in Ethiopia
In 2022, exports of cotton; waste other than garnetted stock and yarn (including thread) waste from Ethiopia plummeted to 23 tons, which is down by -64.8% against 2021. Overall, exports saw a sharp descent. The smallest decline of -40.7% was in 2020.
In value terms, exports of cotton; waste other than garnetted stock and yarn (including thread) waste contracted sharply to $11K in 2022. Over the period under review, exports saw a sharp descent. The smallest decline of -49.9% was in 2020.
| Export of Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 97.4 | 47.2 | 22.7 | 5.2 | -62.3% |
| Turkey | 46.9 | 27.0 | 15.4 | 4.2 | -55.3% |
| Italy | 32.4 | 14.3 | 6.2 | 1.3 | -65.8% |
| Sri Lanka | N/A | N/A | N/A | 0.3 | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 177 | 88.5 | 44.3 | 11.1 | -60.3% |
Top Export Markets for Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste from Ethiopia in 2022:
- Germany (11.7 tons)
- Turkey (7.1 tons)
- Italy (2.6 tons)
- Sri Lanka (1.4 tons)
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