Price for Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in Thailand - 2024
Contents:
- Price for Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in Thailand (CIF) - 2024
- Price for Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in Thailand (FOB) - 2022
- Imports of Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in Thailand
- Exports of Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in Thailand
Price for Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in Thailand (CIF) - 2024
The average import price for cotton; waste other than garnetted stock and yarn (including thread) waste stood at $1,362 per ton in May 2024, falling by -5.5% against the previous month. In general, the import price showed a pronounced shrinkage. The pace of growth was the most pronounced in October 2023 an increase of 9.5% m-o-m. Over the period under review, average import prices hit record highs at $1,728 per ton in May 2023; however, from June 2023 to May 2024, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In May 2024, the country with the highest price was the United States ($1,786 per ton), while the price for Taiwan (Chinese) ($425 per ton) was amongst the lowest.
From May 2023 to May 2024, the most notable rate of growth in terms of prices was attained by Turkey (+3.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in Thailand (FOB) - 2022
The average export price for cotton; waste other than garnetted stock and yarn (including thread) waste stood at $1,438 per ton in 2022, surging by 44% against the previous year. Overall, the export price, however, recorded a mild decline. The export price peaked at $1,963 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Myanmar ($3,482 per ton), while the average price for exports to the UK ($612 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 India (+18.7%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in Thailand
In 2022, after three years of growth, there was decline in supplies from abroad of cotton; waste other than garnetted stock and yarn (including thread) waste, when their volume decreased by -2.1% to 7.9K tons. The total import volume increased at an average annual rate of +11.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 28%.
In value terms, imports of cotton; waste other than garnetted stock and yarn (including thread) waste surged to $11M in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +17.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.2% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 18% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 0.6 | 1.5 | 2.6 | 3.5 | 80.0% |
| India | 1.0 | 2.3 | 3.0 | 3.0 | 44.2% |
| United States | 3.0 | 2.1 | 1.6 | 1.2 | -26.3% |
| South Korea | 0.1 | 0.7 | 0.8 | 1.2 | 128.9% |
| Vietnam | 0.6 | 0.4 | 0.4 | 1.0 | 18.6% |
| Philippines | 0.3 | 0.3 | 0.8 | 0.8 | 38.7% |
| Japan | 0.1 | N/A | 0.1 | 0.3 | 44.2% |
| Taiwan (Chinese) | 0.5 | 0.5 | 0.2 | 0.1 | -41.5% |
| Others | 1.1 | 0.5 | 0.3 | 0.3 | -35.2% |
| Total | 7.1 | 8.2 | 9.7 | 11.4 | 17.1% |
Top Suppliers of Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste to Thailand in 2022:
- India (2173.5 tons)
- Indonesia (2114.9 tons)
- Philippines (815.3 tons)
- South Korea (743.5 tons)
- United States (731.7 tons)
- Vietnam (600.3 tons)
- Japan (334.9 tons)
- Taiwan (Chinese) (185.0 tons)
Exports of Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in Thailand
After two years of decline, overseas shipments of cotton; waste other than garnetted stock and yarn (including thread) waste increased by 320% to 194 tons in 2022. In general, exports, however, continue to indicate a dramatic downturn.
In value terms, exports of cotton; waste other than garnetted stock and yarn (including thread) waste skyrocketed to $278K in 2022. Overall, exports, however, showed a dramatic slump.
| Export of Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Pakistan | 45.3 | N/A | N/A | 198 | 63.5% |
| Malaysia | 151 | 46.6 | N/A | 28.4 | -42.7% |
| Lao People's Democratic Republic | 0.3 | 0.1 | 4.9 | 21.1 | 312.8% |
| United Kingdom | 475 | 454 | 14.6 | 15.1 | -68.3% |
| India | N/A | 13.2 | 0.5 | 13.0 | -0.8% |
| Belgium | 304 | 98.9 | 23.3 | N/A | -72.3% |
| Taiwan (Chinese) | 34.8 | N/A | N/A | N/A | 0% |
| Netherlands | 40.9 | 112 | N/A | N/A | 173.8% |
| Others | 24.9 | 16.1 | 2.7 | 2.2 | -55.5% |
| Total | 1,076 | 741 | 46.1 | 278 | -36.3% |
Top Export Markets for Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste from Thailand in 2022:
- Pakistan (113.6 tons)
- Malaysia (34.5 tons)
- United Kingdom (24.7 tons)
- Lao People's Democratic Republic (14.9 tons)
- India (5.3 tons)
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