Price for Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Ghana - 2023
Contents:
- Price for Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Ghana (CIF) - 2022
- Price for Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Ghana (FOB) - 2022
- Imports of Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Ghana
- Exports of Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Ghana
Price for Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Ghana (CIF) - 2022
In 2022, the average import price for cotton yarn (other than sewing thread), put up for retail sale amounted to $2,245 per ton, waning by -16.1% against the previous year. Over the period under review, the import price continues to indicate a mild shrinkage. The pace of growth was the most pronounced in 2014 when the average import price increased by 60%. The import price peaked at $6,375 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Nigeria ($5,918 per ton), while the price for Burkina Faso ($1,336 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.9%), while the prices for the other major suppliers experienced a decline.
Price for Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Ghana (FOB) - 2022
In 2022, the average export price for cotton yarn (other than sewing thread), put up for retail sale amounted to $13,134 per ton, approximately mirroring the previous year. Overall, the export price, however, saw a strong increase. The growth pace was the most rapid in 2016 an increase of 82% against the previous year. As a result, the export price attained the peak level of $13,620 per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Mali ($415,362 per ton), while the average price for exports to Burkina Faso ($6,581 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 Mali (+63.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Ghana
In 2022, imports of cotton yarn (other than sewing thread), put up for retail sale into Ghana skyrocketed to 61 tons, picking up by 15% against 2021 figures. In general, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +11.0% 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 decreased by -11.7% against 2020 indices. The growth pace was the most rapid in 2020 when imports increased by 55% against the previous year. As a result, imports reached the peak of 69 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of cotton yarn (other than sewing thread), put up for retail sale dropped to $137K in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +14.5% 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 +50.3% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 45% against the previous year.
| Import of Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 60.8 | 50.8 | 101 | 109 | 21.5% |
| Ethiopia | 10.8 | 63.3 | 22.3 | 13.4 | 7.5% |
| Burkina Faso | N/A | N/A | N/A | 6.7 | 0% |
| India | N/A | 6.0 | 7.5 | 4.5 | -13.4% |
| Netherlands | 12.6 | 5.5 | 3.5 | 2.1 | -45.0% |
| Nigeria | 3.2 | 2.9 | 1.9 | 0.6 | -42.8% |
| Others | 3.7 | 3.7 | 5.2 | 1.0 | -35.3% |
| Total | 91.1 | 132 | 142 | 137 | 14.6% |
Top Suppliers of Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale to Ghana in 2022:
- China (49.7 tons)
- Burkina Faso (5.0 tons)
- Ethiopia (2.5 tons)
- India (2.3 tons)
- Netherlands (1.0 tons)
- Nigeria (0.1 tons)
Exports of Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Ghana
In 2022, the amount of cotton yarn (other than sewing thread), put up for retail sale exported from Ghana skyrocketed to 686 kg, with an increase of 40% compared with 2021. Over the period under review, exports continue to indicate significant growth. The growth pace was the most rapid in 2020 when exports increased by 412%. As a result, the exports reached the peak of 880 kg. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of cotton yarn (other than sewing thread), put up for retail sale surged to $9K in 2022. In general, exports enjoyed a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 417% against the previous year. As a result, the exports attained the peak of $12K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Burkina Faso | 1.4 | 6.8 | 3.4 | 4.1 | 43.1% |
| Niger | 0.3 | 1.8 | 1.3 | 2.3 | 97.2% |
| Others | 0.5 | 2.9 | 1.8 | 2.6 | 73.2% |
| Total | 2.2 | 11.5 | 6.5 | 9.0 | 59.9% |
Top Export Markets for Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale from Ghana in 2022:
- Burkina Faso (619.0 kg)
- Niger (59.0 kg)
385
This report provides an in-depth analysis of the cotton yarn market in Ghana.
6510
This report provides an in-depth analysis of the global cotton yarn market.
751
Learn about the world's best import markets for cotton yarn and how they drive the global textile industry. Discover the top players and find out how these countries rely on imports to meet their cotton yarn requirements.
1195
After two years of growth, the global cotton yarn market decreased by -2.8% to $77.2B in 2019. China ($38.9B) led the market, alone. The second position in the ranking was occupied by India ($12.8B). It was followed by Pakistan.
1338
In value terms, cotton waste imports stood at $X in 2016. Overall, cotton waste imports continue to indicate a relatively flat trend pattern. In that year, global cotton waste imports attained its ...
708
In 2016, approx. X tons of cotton were imported worldwide; increasing by X% against the previous year figure. Overall, it indicated a remarkable growth from 2007 to 2016: the total imports volume...
782
In value terms, cotton yarn for retail sale imports totaled $X in 2016. Overall, cotton yarn for retail sale imports continue to indicate a relatively flat trend pattern. Over the period under revi...
975
In value terms, cotton waste exports stood at $X in 2016. Overall, cotton waste exports continue to indicate a slight growth. In that year, global cotton waste exports attained its maximum level of...
2751
In 2016, the global cotton exports amounted to X tons, declining by -X% against the previous year figure. Overall, it indicated a notable growth from 2007 to 2016: the total exports volume inc...
741
In value terms, cotton yarn for retail sale exports stood at $X in 2016. Overall, cotton yarn for retail sale exports continue to indicate a mild contraction. In that year, global cotton yarn for r...
1164
In 2016, approx. X tons of cotton yarn were imported worldwide- lowering by -X% against the previous year level. The total import volume increased at an average annual rate of +X% over the pe...
1070
In value terms, cotton yarn exports amounted to $X in 2016. Overall, it indicated a prominent increase from 2007 to 2016: the total exports value increased at an average annual rate of +X% over t...
