Price for Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in Iran - 2022

Contents:

1. Price for Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in Iran (CIF) - 2022
2. Price for Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in Iran (FOB) - 2022
3. Imports of Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in Iran
4. Exports of Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in Iran

Price for Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in Iran (CIF) - 2022

The average import price for cotton; waste other than garnetted stock and yarn (including thread) waste stood at $1,356 per ton in 2022, stabilizing at the previous year. Over the period under review, the import price, however, showed a perceptible reduction. The most prominent rate of growth was recorded in 2015 when the average import price increased by 54% against the previous year. Over the period under review, average import prices attained the maximum at $3,205 per ton in 2016; however, from 2017 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 Uzbekistan ($1,443 per ton), while the price for the United Arab Emirates ($125 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (-1.2%), while the prices for the other major suppliers experienced a decline.

Price for Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in Iran (FOB) - 2022

In 2022, the average export price for cotton; waste other than garnetted stock and yarn (including thread) waste amounted to $886 per ton, increasing by 55% against the previous year. Overall, the export price, however, saw a noticeable decline. Over the period under review, the average export prices reached the maximum at $1,508 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($2,256 per ton), while the average price for exports to Afghanistan ($130 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 Iraq (+8.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in Iran

For the fourth consecutive year, Iran recorded growth in purchases abroad of cotton; waste other than garnetted stock and yarn (including thread) waste, which increased by 11% to 240 tons in 2022. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +25.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +97.4% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 39% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, imports of cotton; waste other than garnetted stock and yarn (including thread) waste expanded significantly to $326K in 2022. The total import value increased at an average annual rate of +10.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste to Iran in 2022:

1. Uzbekistan (187.9 tons)
2. India (35.5 tons)
3. Pakistan (11.5 tons)
4. United Arab Emirates (5.2 tons)

Exports of Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in Iran

After two years of decline, shipments abroad of cotton; waste other than garnetted stock and yarn (including thread) waste increased by 88% to 122 tons in 2022. Overall, exports, however, recorded a deep downturn.

In value terms, exports of cotton; waste other than garnetted stock and yarn (including thread) waste surged to $108K in 2022. In general, exports saw a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste from Iran in 2022:

1. China (72.0 tons)
2. Turkey (19.4 tons)
3. Afghanistan (16.1 tons)
4. Italy (12.4 tons)
5. Azerbaijan (1.6 tons)

Source: IndexBox Market Intelligence Platform