Price for Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in Pakistan - 2023
Contents:
- Price for Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in Pakistan (FOB) - 2023
- Price for Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in Pakistan (CIF) - 2022
- Exports of Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in Pakistan
- Imports of Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in Pakistan
Price for Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in Pakistan (FOB) - 2023
The average export price for cotton; waste other than garnetted stock and yarn (including thread) waste stood at $1,687 per ton in December 2023, surging by 63% against the previous month. Over the period under review, the export price showed prominent growth. The pace of growth was the most pronounced in July 2023 an increase of 274% month-to-month. The export price peaked in December 2023.
There were significant differences in the average prices for the major external markets. In December 2023, the country with the highest price was Greece ($2,348 per ton), while the average price for exports to Afghanistan ($104 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (+97.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in Pakistan (CIF) - 2022
In 2022, the average import price for cotton; waste other than garnetted stock and yarn (including thread) waste amounted to $891 per ton, picking up by 8.1% against the previous year. In general, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +4.8% 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 +105.9% against 2017 indices. The most prominent rate of growth was recorded in 2021 an increase of 46% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($3,487 per ton), while the price for the United Arab Emirates ($700 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+21.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in Pakistan
In 2022, shipments abroad of cotton; waste other than garnetted stock and yarn (including thread) waste decreased by -28.1% to 15K tons, falling for the second year in a row after two years of growth. Overall, exports faced a deep reduction. The pace of growth was the most pronounced in 2020 when exports increased by 8.9%. As a result, the exports reached the peak of 26K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of cotton; waste other than garnetted stock and yarn (including thread) waste contracted markedly to $15M in 2022. Over the period under review, exports faced a abrupt decrease. The pace of growth appeared the most rapid in 2020 with an increase of 38% against the previous year. As a result, the exports attained the peak of $37M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 6.7 | 4.3 | 2.8 | 2.0 | -33.2% |
| France | 3.9 | 5.2 | 3.8 | 1.8 | -22.7% |
| Spain | 1.1 | 2.6 | 1.7 | 1.4 | 8.4% |
| China | 0.4 | 0.7 | 2.8 | 1.3 | 48.1% |
| Italy | 1.8 | 3.3 | 1.7 | 1.1 | -15.1% |
| Philippines | 1.2 | 2.5 | 4.7 | 1.0 | -5.9% |
| Vietnam | 1.8 | 0.8 | 1.4 | 0.9 | -20.6% |
| United States | N/A | 1.0 | 1.0 | 0.6 | -22.5% |
| Russia | 0.4 | 1.0 | 0.6 | 0.6 | 14.5% |
| Greece | 0.1 | 0.7 | N/A | 0.4 | 58.7% |
| South Korea | 0.8 | 0.7 | 0.6 | 0.4 | -20.6% |
| Brazil | 0.3 | 0.9 | 0.5 | 0.3 | 0.0% |
| Afghanistan | 0.4 | 0.7 | 0.4 | 0.3 | -9.1% |
| Others | 8.0 | 12.7 | 6.7 | 2.6 | -31.2% |
| Total | 26.9 | 37.0 | 28.7 | 14.8 | -18.1% |
Top Export Markets for Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste from Pakistan in 2022:
- France (1.9K tons)
- Taiwan (Chinese) (1.5K tons)
- Spain (1.5K tons)
- Italy (1.3K tons)
- China (1.1K tons)
- South Korea (1.0K tons)
- Philippines (0.8K tons)
- Brazil (0.6K tons)
- Vietnam (0.6K tons)
- Russia (0.6K tons)
- Afghanistan (0.4K tons)
- United States (0.4K tons)
- Greece (0.3K tons)
Imports of Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in Pakistan
Imports of cotton; waste other than garnetted stock and yarn (including thread) waste into Pakistan soared to 7.9K tons in 2022, rising by 561% compared with the previous year. Overall, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of cotton; waste other than garnetted stock and yarn (including thread) waste soared to $7M in 2022. Over the period under review, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | N/A | N/A | 58.7 | 2,594 | 4319.1% |
| Indonesia | N/A | N/A | N/A | 2,192 | 0% |
| Tanzania | 30.4 | N/A | 120 | 459 | 147.2% |
| Bahrain | 424 | 79.2 | 470 | 397 | -2.2% |
| Benin | N/A | N/A | N/A | 330 | 0% |
| Turkmenistan | 187 | 20.1 | 182 | 231 | 7.3% |
| Cote d'Ivoire | N/A | N/A | N/A | 225 | 0% |
| Others | 237 | 135 | 152 | 599 | 36.2% |
| Total | 878 | 235 | 982 | 7,028 | 100.0% |
Top Suppliers of Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste to Pakistan in 2022:
- Turkey (2974.0 tons)
- Indonesia (2216.0 tons)
- Bahrain (567.0 tons)
- Tanzania (512.0 tons)
- Benin (464.0 tons)
- Turkmenistan (319.0 tons)
- Cote d'Ivoire (300.0 tons)
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