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

Contents:

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

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

In December 2022, the average export price for cotton; waste other than garnetted stock and yarn (including thread) waste amounted to $1,772 per ton, remaining stable against the previous month. Over the last eleven-month period, it increased at an average monthly rate of +1.3%. The pace of growth was the most pronounced in July 2022 an increase of 8.7% month-to-month. Over the period under review, the average export prices attained the peak figure at $1,786 per ton in November 2022, and then reduced modestly in the following month.

Average prices varied noticeably for the major external markets. In December 2022, the country with the highest price was Japan ($1,786 per ton), while the average price for exports to Taiwan (Chinese) amounted to $1,727 per ton.

From January 2022 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+3.3%), 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 South Korea (CIF) - 2022

The average import price for cotton; waste other than garnetted stock and yarn (including thread) waste stood at $1,146 per ton in 2022, increasing by 16% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 32%. As a result, import price reached the peak level of $1,320 per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($8,306 per ton), while the price for Costa Rica ($1,054 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+40.0%), 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 South Korea

In 2022, exports of cotton; waste other than garnetted stock and yarn (including thread) waste from South Korea reduced rapidly to 2.8K tons, which is down by -37.9% compared with 2021. Overall, exports saw a abrupt contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 28%. As a result, the exports attained the peak of 4.6K tons, and then fell significantly in the following year.

In value terms, exports of cotton; waste other than garnetted stock and yarn (including thread) waste fell sharply to $4.1M in 2022. In general, exports saw a abrupt shrinkage. The growth pace was the most rapid in 2021 with an increase of 26%. As a result, the exports reached the peak of $5.4M, and then reduced sharply in the following year.

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

1. Japan (2299.3 tons)
2. Taiwan (Chinese) (454.0 tons)
3. Vietnam (84.3 tons)

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

In 2022, overseas purchases of cotton; waste other than garnetted stock and yarn (including thread) waste decreased by -52.1% to 216 tons, falling for the second consecutive year after two years of growth. Overall, imports, however, saw significant growth. The pace of growth was the most pronounced in 2020 with an increase of 441% against the previous year. As a result, imports reached the peak of 462 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of cotton; waste other than garnetted stock and yarn (including thread) waste shrank dramatically to $247K in 2022. In general, imports, however, saw a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 312%.

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

1. Bangladesh (100.6 tons)
2. Costa Rica (84.0 tons)
3. India (31.2 tons)

Source: IndexBox Market Intelligence Platform