Price for Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in the Philippines - 2024
Contents:
- Price for Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in the Philippines (FOB) - 2022
- Price for Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in the Philippines (CIF) - 2022
- Exports of Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in the Philippines
- Imports of Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in the Philippines
Price for Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in the Philippines (FOB) - 2022
In 2022, the average export price for cotton; waste other than garnetted stock and yarn (including thread) waste amounted to $1,005 per ton, which is down by -8.5% against the previous year. In general, the export price showed a deep reduction. The most prominent rate of growth was recorded in 2014 an increase of 144%. As a result, the export price reached the peak level of $3,380 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was India ($1,664 per ton), while the average price for exports to Thailand stood at $963 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (-0.4%).
Price for Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in the Philippines (CIF) - 2022
The average import price for cotton; waste other than garnetted stock and yarn (including thread) waste stood at $1,944 per ton in 2022, jumping by 15% against the previous year. Over the period under review, the import price posted a resilient increase. The pace of growth was the most pronounced in 2013 when the average import price increased by 37%. The import price peaked in 2022 and is likely to continue growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($9,482 per ton), while the price for China ($627 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+34.8%), 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 the Philippines
For the fourth year in a row, the Philippines recorded growth in overseas shipments of cotton; waste other than garnetted stock and yarn (including thread) waste, which increased by 24% to 869 tons in 2022. Overall, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 125%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of cotton; waste other than garnetted stock and yarn (including thread) waste rose significantly to $873K in 2022. In general, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 143%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 257 | 313 | 766 | 785 | 45.1% |
| India | N/A | N/A | N/A | 88.2 | 0% |
| Others | 2.2 | 2.8 | 1.5 | 0.3 | -48.5% |
| Total | 260 | 315 | 768 | 873 | 49.7% |
Top Export Markets for Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste from the Philippines in 2022:
- Thailand (815.3 tons)
- India (53.0 tons)
Imports of Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in the Philippines
For the third year in a row, the Philippines recorded decline in overseas purchases of cotton; waste other than garnetted stock and yarn (including thread) waste, which decreased by -98.1% to 7.4 tons in 2022. Over the period under review, imports saw a sharp reduction. The smallest decline of -33% was in 2020.
In value terms, imports of cotton; waste other than garnetted stock and yarn (including thread) waste shrank sharply to $14K in 2022. In general, imports faced a dramatic contraction. The smallest decline of -47.2% was in 2020.
| Import of Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 1,305 | 308 | 7.7 | 4.7 | -84.7% |
| South Korea | N/A | 0.1 | N/A | 4.1 | 540.3% |
| China | 2,658 | 3,831 | 10.4 | 3.2 | -89.4% |
| Taiwan (Chinese) | 22.1 | N/A | N/A | 2.4 | -52.3% |
| Thailand | 3,078 | 81.5 | N/A | N/A | -97.4% |
| Vietnam | 1,525 | 35.4 | N/A | N/A | -97.7% |
| India | 2,542 | 50.6 | N/A | N/A | -98.0% |
| Indonesia | 559 | 715 | N/A | N/A | 27.9% |
| Pakistan | 1,919 | 2,019 | 615 | N/A | -43.4% |
| Others | 26.0 | 161 | 9.2 | 0.1 | -84.3% |
| Total | 13,633 | 7,201 | 642 | 14.4 | -89.8% |
Top Suppliers of Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste to the Philippines in 2022:
- China (5.1 tons)
- South Korea (1.2 tons)
- Taiwan (Chinese) (0.6 tons)
- Japan (0.5 tons)
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