Price for Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in Kenya - 2023

Contents:

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

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

The average import price for cotton; waste other than garnetted stock and yarn (including thread) waste stood at $953 per ton in 2022, increasing by 14% against the previous year. Over the period under review, the import price, however, showed a perceptible reduction. The pace of growth was the most pronounced in 2018 an increase of 46% against the previous year. As a result, import price reached the peak level of $1,526 per ton. From 2019 to 2022, the average import prices remained at a lower figure.

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 Pakistan ($1,982 per ton), while the price for Burundi ($19 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uganda (+2.4%), 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 Kenya (FOB) - 2022

In 2022, the average export price for cotton; waste other than garnetted stock and yarn (including thread) waste amounted to $3,500 per ton, rising by 2.4% against the previous year. In general, the export price saw a significant expansion. The pace of growth appeared the most rapid in 2013 an increase of 152%. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Maldives ($31,000 per ton), while the average price for exports to Tanzania ($833 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 Uganda (+41.0%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, imports of cotton; waste other than garnetted stock and yarn (including thread) waste into Kenya skyrocketed to 1.1K tons, rising by 77% against 2021 figures. Overall, imports saw a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 255% against the previous year. Imports peaked 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 $1.1M in 2022. Over the period under review, imports saw a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 212%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in years to come.

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

1. Tanzania (728.6 tons)
2. Pakistan (191.4 tons)
3. India (69.1 tons)
4. Mauritius (64.2 tons)
5. Uganda (31.0 tons)
6. Burundi (23.0 tons)

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

In 2022, after two years of decline, there was significant growth in overseas shipments of cotton; waste other than garnetted stock and yarn (including thread) waste, when their volume increased by 11% to 40 kg. In general, exports, however, saw a abrupt decline.

In value terms, exports of cotton; waste other than garnetted stock and yarn (including thread) waste rose remarkably to $140 in 2022. Overall, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +15.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +53.8% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 16%. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in years to come.

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

1. Uganda (17.0 kg)
2. Rwanda (13.0 kg)
3. Tanzania (6.0 kg)
4. Maldives (1.0 kg)
5. China (1.0 kg)

Source: IndexBox Market Intelligence Platform