Price for Cotton; Yarn Waste (Including Thread Waste) in Egypt - 2023

Contents:

1. Price for Cotton; Yarn Waste (Including Thread Waste) in Egypt (CIF) - 2023
2. Price for Cotton; Yarn Waste (Including Thread Waste) in Egypt (FOB) - 2022
3. Imports of Cotton; Yarn Waste (Including Thread Waste) in Egypt
4. Exports of Cotton; Yarn Waste (Including Thread Waste) in Egypt

Price for Cotton; Yarn Waste (Including Thread Waste) in Egypt (CIF) - 2023

The average import price for cotton; yarn waste (including thread waste) stood at $952 per ton in December 2023, therefore, remained relatively stable against the previous month. In general, the import price saw a slight decrease. The pace of growth appeared the most rapid in August 2023 when the average import price increased by less than 0.1% against the previous month. The import price peaked at $1,115 per ton in March 2023; however, from April 2023 to December 2023, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Turkey.

From December 2022 to December 2023, the rate of growth in terms of prices for Turkey amounted to -1.3% per month.

Price for Cotton; Yarn Waste (Including Thread Waste) in Egypt (FOB) - 2022

The average export price for cotton; yarn waste (including thread waste) stood at $1,394 per ton in 2022, jumping by 30% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 66% against the previous year. As a result, the export price attained the peak level of $2,320 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Georgia ($1,394 per ton), while the average price for exports to Turkey totaled $1,394 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (+30.4%), while the prices for the other major destinations experienced a decline.

Imports of Cotton; Yarn Waste (Including Thread Waste) in Egypt

In 2022, overseas purchases of cotton; yarn waste (including thread waste) decreased by -45.7% to 868 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, saw significant growth. The growth pace was the most rapid in 2020 when imports increased by 389%.

In value terms, imports of cotton; yarn waste (including thread waste) contracted remarkably to $968K in 2022. Overall, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 178%. As a result, imports reached the peak of $1.6M, and then shrank dramatically in the following year.

Top Suppliers of Cotton; Yarn Waste (Including Thread Waste) to Egypt in 2022:

1. Turkey (865.7 tons)

Exports of Cotton; Yarn Waste (Including Thread Waste) in Egypt

In 2022, exports of cotton; yarn waste (including thread waste) from Egypt soared to 169 tons, surging by 71% compared with the year before. In general, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of cotton; yarn waste (including thread waste) skyrocketed to $236K in 2022. Overall, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Cotton; Yarn Waste (Including Thread Waste) from Egypt in 2022:

1. Georgia (115.1 tons)
2. Turkey (54.1 tons)

Source: IndexBox Market Intelligence Platform