Price for Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in the United States - 2024
Contents:
- Price for Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in the United States (CIF) - 2024
- Price for Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in the United States (FOB) - 2022
- Imports of Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in the United States
- Exports of Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in the United States
Price for Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in the United States (CIF) - 2024
In April 2024, the average import price for cotton; waste other than garnetted stock and yarn (including thread) waste amounted to $1,486 per ton, shrinking by -16.5% against the previous month. Overall, the import price saw a pronounced decline. The most prominent rate of growth was recorded in November 2023 when the average import price increased by 25% against the previous month. Over the period under review, average import prices hit record highs at $2,158 per ton in May 2023; however, from June 2023 to April 2024, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Pakistan ($2,390 per ton), while the price for Guatemala ($573 per ton) was amongst the lowest.
From April 2023 to April 2024, the most notable rate of growth in terms of prices was attained by Mexico (+1.9%), 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 the United States (FOB) - 2022
The average export price for cotton; waste other than garnetted stock and yarn (including thread) waste stood at $778 per ton in 2022, reducing by -4.2% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 19%. As a result, the export price attained the peak level of $812 per ton, and then declined in the following year.
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 Honduras ($1,212 per ton), while the average price for exports to Canada ($684 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 Colombia (+11.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in the United States
In 2022, overseas purchases of cotton; waste other than garnetted stock and yarn (including thread) waste decreased by -16.5% to 11K tons, falling for the second year in a row after two years of growth. Overall, total imports indicated a mild increase from 2019 to 2022: its volume increased at an average annual rate of +1.4% 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 decreased by -35.8% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 62% against the previous year. As a result, imports reached the peak of 16K 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 expanded notably to $20M in 2022. The total import value increased at an average annual rate of +14.3% 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 39% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to continue growth in the immediate term.
| Import of Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 3.4 | 5.5 | 8.7 | 8.6 | 36.3% |
| Pakistan | 2.0 | 3.0 | 4.3 | 5.4 | 39.2% |
| Turkey | 5.7 | 6.9 | 3.0 | 3.7 | -13.4% |
| Mexico | 1.1 | 1.2 | 1.4 | 0.9 | -6.5% |
| Costa Rica | N/A | 0.1 | 0.1 | 0.6 | 144.9% |
| Indonesia | 0.7 | 1.5 | 0.2 | 0.5 | -10.6% |
| Vietnam | N/A | N/A | N/A | 0.4 | 0% |
| Others | 0.5 | 0.4 | 0.4 | 0.1 | -41.5% |
| Total | 13.5 | 18.8 | 18.1 | 20.2 | 14.4% |
Top Suppliers of Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste to the United States in 2022:
- India (4.5K tons)
- Pakistan (2.1K tons)
- Turkey (1.6K tons)
- Mexico (1.3K tons)
- Costa Rica (0.4K tons)
- Indonesia (0.2K tons)
- Vietnam (0.2K tons)
Exports of Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in the United States
In 2022, shipments abroad of cotton; waste other than garnetted stock and yarn (including thread) waste was finally on the rise to reach 10K tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a abrupt setback.
In value terms, exports of cotton; waste other than garnetted stock and yarn (including thread) waste skyrocketed to $7.9M in 2022. In general, exports, however, recorded a abrupt shrinkage.
| Export of Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 1,170 | 934 | 1,094 | 3,436 | 43.2% |
| Canada | 4,152 | 2,439 | 1,523 | 1,634 | -26.7% |
| Honduras | 125 | 761 | 845 | 1,229 | 114.2% |
| Turkey | 2,605 | 1,155 | 934 | 964 | -28.2% |
| Italy | 181 | 254 | 257 | 350 | 24.6% |
| Vietnam | 54.7 | 108 | 107 | 188 | 50.9% |
| Spain | 735 | 158 | 23.3 | N/A | -82.2% |
| Colombia | 17.8 | 508 | 383 | N/A | 363.9% |
| Others | 463 | 364 | 1,155 | 59.7 | -49.5% |
| Total | 9,505 | 6,680 | 6,321 | 7,861 | -6.1% |
Top Export Markets for Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste from the United States in 2022:
- Mexico (4.9K tons)
- Canada (2.4K tons)
- Turkey (1.1K tons)
- Honduras (1.0K tons)
- Italy (0.4K tons)
- Vietnam (0.2K tons)
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