Price for Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in Ghana - 2023
Contents:
- Price for Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in Ghana (CIF) - 2022
- Imports of Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in Ghana
Price for Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in Ghana (CIF) - 2022
The average import price for cotton; waste other than garnetted stock and yarn (including thread) waste stood at $591 per ton in 2022, dropping by -12.2% against the previous year. Overall, the import price, however, saw a notable expansion. The pace of growth was the most pronounced in 2017 when the average import price increased by 207%. As a result, import price attained the peak level of $1,533 per ton. From 2018 to 2022, the average import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Burkina Faso ($585 per ton) and China ($564 per ton), while the price for Italy ($398 per ton) and Cote d'Ivoire ($425 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Burkina Faso (+5.6%), while the prices for the other major suppliers experienced a decline.
Imports of Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in Ghana
In 2022, approx. 70 tons of cotton; waste other than garnetted stock and yarn (including thread) waste were imported into Ghana; surging by 522% against the previous year's figure. Over the period under review, imports continue to indicate significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of cotton; waste other than garnetted stock and yarn (including thread) waste surged to $41K in 2022. Overall, imports continue to indicate significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Burkina Faso | 1.2 | N/A | 3.5 | 35.2 | 208.4% |
| Cote d'Ivoire | 1.0 | N/A | 0.7 | 1.8 | 21.6% |
| Italy | 0.7 | N/A | 0.5 | 1.4 | 26.0% |
| China | N/A | N/A | 2.0 | 0.2 | -90.0% |
| Others | 1.0 | N/A | 0.8 | 2.5 | 35.7% |
| Total | 4.0 | N/A | 7.5 | 41.1 | 117.4% |
Top Suppliers of Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste to Ghana in 2022:
- Burkina Faso (60.2 tons)
- Cote d'Ivoire (4.3 tons)
- Italy (3.5 tons)
- China (0.4 tons)
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