Price for Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in Turkey - 2024
Contents:
- Price for Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in Turkey (FOB) - 2024
- Price for Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in Turkey (CIF) - 2024
- Exports of Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in Turkey
- Imports of Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in Turkey
Price for Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in Turkey (FOB) - 2024
The average export price for cotton; waste other than garnetted stock and yarn (including thread) waste stood at $1,373 per ton in March 2024, surging by 4.9% against the previous month. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in June 2023 an increase of 19% against the previous month. As a result, the export price reached the peak level of $1,758 per ton. From July 2023 to March 2024, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In March 2024, the country with the highest price was Bangladesh ($1,639 per ton), while the average price for exports to Thailand ($800 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (+8.3%), 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 Turkey (CIF) - 2024
The average import price for cotton; waste other than garnetted stock and yarn (including thread) waste stood at $1,027 per ton in March 2024, rising by 3.2% against the previous month. In general, the import price, however, showed a slight reduction. The most prominent rate of growth was recorded in November 2023 when the average import price increased by 25% month-to-month. As a result, import price attained the peak level of $1,210 per ton. From December 2023 to March 2024, the average import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In March 2024, the countries with the highest prices were Uzbekistan ($1,061 per ton) and the United States ($893 per ton), while the price for Turkmenistan ($808 per ton) and Azerbaijan ($871 per ton) were amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by Iran (+4.2%), 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 Turkey
In 2022, exports of cotton; waste other than garnetted stock and yarn (including thread) waste from Turkey contracted to 30K tons, which is down by -11.1% on the year before. Over the period under review, exports faced a deep contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 2.7% against the previous year.
In value terms, exports of cotton; waste other than garnetted stock and yarn (including thread) waste surged to $52M in 2022. The total export value increased at an average annual rate of +3.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 15.6 | 13.0 | 11.4 | 19.9 | 8.5% |
| Pakistan | 2.4 | 0.8 | 0.6 | 11.0 | 66.1% |
| Italy | 4.2 | 2.5 | 5.6 | 3.2 | -8.7% |
| United Kingdom | 5.9 | 6.8 | 4.4 | 3.2 | -18.4% |
| United States | 4.1 | 4.4 | 1.6 | 2.9 | -10.9% |
| France | 3.4 | 1.6 | 0.9 | 2.2 | -13.5% |
| Switzerland | N/A | 0.8 | 2.3 | 2.0 | 58.1% |
| Spain | 1.2 | 2.4 | 4.1 | 1.6 | 10.1% |
| Belgium | 2.0 | 1.2 | 1.7 | 1.3 | -13.4% |
| Egypt | 0.1 | 0.2 | 2.4 | 0.9 | 108.0% |
| Sweden | 1.3 | 1.8 | 0.6 | 0.9 | -11.5% |
| Others | 6.8 | 2.4 | 3.6 | 2.7 | -26.5% |
| Total | 47.1 | 37.9 | 39.2 | 52.0 | 3.4% |
Top Export Markets for Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste from Turkey in 2022:
- Germany (10.9K tons)
- Pakistan (5.6K tons)
- Italy (2.0K tons)
- United Kingdom (1.7K tons)
- United States (1.5K tons)
- France (1.4K tons)
- Switzerland (1.3K tons)
- Egypt (1.2K tons)
- Spain (1.0K tons)
- Sweden (0.8K tons)
- Belgium (0.7K tons)
Imports of Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in Turkey
After three years of growth, overseas purchases of cotton; waste other than garnetted stock and yarn (including thread) waste decreased by -46.3% to 25K tons in 2022. Over the period under review, imports, however, posted a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 181% against the previous year. As a result, imports reached the peak of 47K tons, and then dropped markedly in the following year.
In value terms, imports of cotton; waste other than garnetted stock and yarn (including thread) waste reduced remarkably to $35M in 2022. In general, imports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 255%. As a result, imports attained the peak of $47M, and then fell sharply in the following year.
| Import of Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uzbekistan | N/A | 2.8 | 24.3 | 17.0 | 146.4% |
| Turkmenistan | 2.1 | 3.8 | 13.5 | 8.0 | 56.2% |
| India | 0.3 | 2.5 | 0.9 | 3.1 | 117.8% |
| Azerbaijan | 1.8 | 2.2 | 3.6 | 2.6 | 13.0% |
| United States | 2.3 | 1.0 | 0.8 | 1.3 | -17.3% |
| Kazakhstan | N/A | 0.7 | 1.0 | 0.6 | -7.4% |
| Cote d'Ivoire | N/A | N/A | N/A | 0.6 | 0% |
| Others | 0.7 | 0.3 | 3.1 | 1.7 | 34.4% |
| Total | 7.2 | 13.3 | 47.2 | 34.9 | 69.2% |
Top Suppliers of Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste to Turkey in 2022:
- Uzbekistan (10.2K tons)
- Turkmenistan (6.3K tons)
- Azerbaijan (2.9K tons)
- India (1.6K tons)
- United States (1.3K tons)
- Kazakhstan (0.8K tons)
- Cote d'Ivoire (0.4K tons)
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