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

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

The average import price for cotton; waste other than garnetted stock and yarn (including thread) waste stood at $822 per ton in 2022, increasing by 89% against the previous year. Overall, the import price, however, continues to indicate a abrupt shrinkage. Over the period under review, average import prices hit record highs at $1,796 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Turkey.

From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to -7.5% per year.

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

In 2022, after three years of growth, there was decline in purchases abroad of cotton; waste other than garnetted stock and yarn (including thread) waste, when their volume decreased by 0% to 1 tons. In general, imports showed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 116%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, imports of cotton; waste other than garnetted stock and yarn (including thread) waste surged to $822 in 2022. Over the period under review, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.