Price for Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in Uruguay - 2023

Contents:

1. Price for Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in Uruguay (CIF) - 2022
2. Imports of Cotton; Waste Other than Garnetted Stock and Yarn (Including Thread) Waste in Uruguay

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

In 2022, the average import price for cotton; waste other than garnetted stock and yarn (including thread) waste amounted to $2,341 per ton, increasing by 27% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.6%. The pace of growth appeared the most rapid in 2013 when the average import price increased by 54%. As a result, import price reached the peak level of $2,537 per ton. From 2014 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Argentina ($2,530 per ton), while the price for Spain ($1,350 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+20.5%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the amount of cotton; waste other than garnetted stock and yarn (including thread) waste imported into Uruguay declined remarkably to 204 tons, with a decrease of -17.5% compared with the year before. Overall, imports recorded a noticeable decrease. The growth pace was the most rapid in 2021 when imports increased by 20%. As a result, imports reached the peak of 247 tons, and then contracted notably in the following year.

In value terms, imports of cotton; waste other than garnetted stock and yarn (including thread) waste amounted to $478K in 2022. The total import value increased at an average annual rate of +3.3% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 16%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.

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

1. Argentina (127.1 tons)
2. Pakistan (60.9 tons)
3. Spain (15.3 tons)

Source: IndexBox Market Intelligence Platform