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

Contents:

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

Price for Cotton; Yarn Waste (Including Thread Waste) in Ethiopia (CIF) - 2022

In 2022, the average import price for cotton; yarn waste (including thread waste) amounted to $2,574 per ton, rising by 136% against the previous year. Over the period under review, the import price showed a strong expansion. The most prominent rate of growth was recorded in 2017 when the average import price increased by 519%. As a result, import price reached the peak level of $3,051 per ton. From 2018 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to +16.1% per year.

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

The average export price for cotton; yarn waste (including thread waste) stood at $580 per ton in 2022, waning by -1.6% against the previous year. Over the period under review, the export price recorded a abrupt decline. The pace of growth appeared the most rapid in 2017 when the average export price increased by 5%. The export price peaked at $1,443 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Djibouti.

From 2012 to 2022, the rate of growth in terms of prices for Djibouti amounted to -0.2% per year.

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

In 2022, imports of cotton; yarn waste (including thread waste) into Ethiopia soared to 9.4 tons, picking up by 4,336% on the previous year. Over the period under review, imports, however, continue to indicate a abrupt decrease.

In value terms, imports of cotton; yarn waste (including thread waste) skyrocketed to $24K in 2022. In general, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. China (9.4 tons)

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

For the third consecutive year, Ethiopia recorded decline in overseas shipments of cotton; yarn waste (including thread waste), which decreased by -64.3% to 1.2 tons in 2022. In general, exports faced a precipitous decrease. The smallest decline of -2.5% was in 2020.

In value terms, exports of cotton; yarn waste (including thread waste) dropped significantly to $682 in 2022. Overall, exports recorded a precipitous decline. The most prominent rate of growth was recorded in 2020 with an increase of 2.3% against the previous year. As a result, the exports attained the peak of $2.7K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

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

1. Djibouti (1.2 tons)

Source: IndexBox Market Intelligence Platform