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

Contents:

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

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

The average import price for cotton; waste other than garnetted stock and yarn (including thread) waste stood at $1,105 per ton in 2022, declining by -14.3% against the previous year. Over the period under review, the import price continues to indicate a perceptible reduction. The pace of growth was the most pronounced in 2019 when the average import price increased by 34% against the previous year. Over the period under review, average import prices hit record highs at $1,565 per ton in 2012; however, from 2013 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 Sri Lanka ($1,869 per ton), while the price for India ($539 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+102.1%), 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 Myanmar (FOB) - 2022

The average export price for cotton; waste other than garnetted stock and yarn (including thread) waste stood at $5,844 per ton in 2020, dropping by -14.1% against the previous year. In general, the export price, however, recorded a buoyant increase. The pace of growth appeared the most rapid in 2017 when the average export price increased by 417%. Over the period under review, the average export prices hit record highs at $9,200 per ton in 2018; however, from 2019 to 2020, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Thailand.

From 2012 to 2020, the rate of growth in terms of prices for Japan amounted to +562.5% per year.

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

In 2022, approx. 157 tons of cotton; waste other than garnetted stock and yarn (including thread) waste were imported into Myanmar; growing by 143% on 2021. In general, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 585% 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 $173K in 2022. Over the period under review, imports showed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 495% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

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

1. Turkey (63.8 tons)
2. Malaysia (57.5 tons)
3. Bangladesh (9.8 tons)
4. India (8.2 tons)
5. China (7.7 tons)
6. Sri Lanka (5.6 tons)
7. Thailand (4.1 tons)

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

In 2020, exports of cotton; waste other than garnetted stock and yarn (including thread) waste from Myanmar skyrocketed to 40 tons, rising by 113% on the previous year. Over the period under review, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of cotton; waste other than garnetted stock and yarn (including thread) waste skyrocketed to $234K in 2020. In general, exports enjoyed a significant expansion. As a result, the exports attained 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 Myanmar in 2022:

1. Thailand (40.0 tons)

Source: IndexBox Market Intelligence Platform