Price for Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in Hong Kong SAR - 2022
Contents:
- Price for Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in Hong Kong SAR (CIF) - 2022
- Price for Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in Hong Kong SAR (FOB) - 2022
- Imports of Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in Hong Kong SAR
- Exports of Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in Hong Kong SAR
Price for Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for cotton; waste other than garnetted stock and yarn (including thread) waste amounted to $1,366 per ton, with an increase of 1.6% against the previous year. In general, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for cotton; waste other than garnetted stock and yarn (including thread) waste increased by +91.1% against 2016 indices. The pace of growth was the most pronounced in 2018 an increase of 48%. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the near future.
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 South Korea ($19,700 per ton), while the price for Tunisia ($331 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+35.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for cotton; waste other than garnetted stock and yarn (including thread) waste amounted to $906 per ton, surging by 20% against the previous year. In general, the export price, however, showed a slight descent. The export price peaked at $1,039 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
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 China ($1,615 per ton), while the average price for exports to Thailand amounted to $67 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+5.1%).
Imports of Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in Hong Kong SAR
For the third consecutive year, Hong Kong SAR recorded decline in supplies from abroad of cotton; waste other than garnetted stock and yarn (including thread) waste, which decreased by -1.2% to 85 tons in 2022. Over the period under review, imports saw a mild setback.
In value terms, imports of cotton; waste other than garnetted stock and yarn (including thread) waste reached $116K in 2022. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 0.4%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the near future.
Import of Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in Hong Kong SAR (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Bahrain | 27.6 | 29.6 | 31.1 | 32.3 | 5.4% |
Russia | 20.9 | 22.4 | 23.5 | 24.3 | 5.2% |
Mexico | 11.6 | 13.2 | 14.7 | 16.1 | 11.5% |
Turkey | 17.0 | 16.5 | 15.8 | 14.9 | -4.3% |
Tunisia | 5.9 | 6.7 | 7.4 | 8.1 | 11.1% |
France | 4.9 | 4.6 | 4.3 | 3.9 | -7.3% |
Bangladesh | 5.3 | 4.7 | 4.0 | 3.4 | -13.8% |
Taiwan (Chinese) | 1.6 | 1.5 | 1.4 | 1.3 | -6.7% |
China | 1.4 | 1.2 | 1.1 | 1.0 | -10.6% |
Syrian Arab Republic | 1.5 | 1.3 | 1.1 | 0.9 | -15.7% |
United States | 0.9 | 0.7 | 0.5 | 0.4 | -23.7% |
Others | 16.0 | 12.9 | 10.8 | 9.6 | -15.7% |
Total | 115 | 115 | 116 | 116 | 0.3% |
Top Suppliers of Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste to Hong Kong SAR in 2022:
- Tunisia (24.6 tons)
- Bahrain (19.0 tons)
- Russia (8.5 tons)
- Mexico (5.8 tons)
- Turkey (5.4 tons)
- Bangladesh (5.1 tons)
- France (2.9 tons)
- Taiwan (Chinese) (2.7 tons)
- United States (2.0 tons)
- Syrian Arab Republic (1.9 tons)
- China (1.4 tons)
Exports of Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in Hong Kong SAR
In 2022, shipments abroad of cotton; waste other than garnetted stock and yarn (including thread) waste decreased by -37.3% to 107 tons, falling for the second consecutive year after two years of growth. Overall, exports, however, showed a remarkable increase. The growth pace was the most rapid in 2020 when exports increased by 218% against the previous year. As a result, the exports reached the peak of 227 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of cotton; waste other than garnetted stock and yarn (including thread) waste declined dramatically to $97K in 2022. In general, exports, however, recorded significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 266% against the previous year. As a result, the exports reached the peak of $161K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
Export of Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in Hong Kong SAR (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 39.9 | 141 | 116 | 85.3 | 28.8% |
Thailand | 1.9 | 6.3 | 5.0 | 3.5 | 22.6% |
Others | 2.3 | 14.2 | 8.1 | 8.6 | 55.2% |
Total | 44.0 | 161 | 129 | 97.4 | 30.3% |
Top Export Markets for Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste from Hong Kong SAR in 2022:
- China (52.8 tons)
- Thailand (51.5 tons)
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