Price for Cotton; Yarn Waste (Including Thread Waste) in Hong Kong SAR - 2022
Contents:
- Price for Cotton; Yarn Waste (Including Thread Waste) in Hong Kong SAR (CIF) - 2022
- Price for Cotton; Yarn Waste (Including Thread Waste) in Hong Kong SAR (FOB) - 2022
- Imports of Cotton; Yarn Waste (Including Thread Waste) in Hong Kong SAR
- Exports of Cotton; Yarn Waste (Including Thread Waste) in Hong Kong SAR
Price for Cotton; Yarn Waste (Including Thread Waste) in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for cotton; yarn waste (including thread waste) amounted to $1,031 per ton, therefore, remained relatively stable against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 48% against the previous year. The import price peaked at $1,037 per ton in 2021, and then declined in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Pakistan ($3,582 per ton), while the price for Bangladesh ($384 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+12.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cotton; Yarn Waste (Including Thread Waste) in Hong Kong SAR (FOB) - 2022
The average export price for cotton; yarn waste (including thread waste) stood at $772 per ton in 2022, with a decrease of -34% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 69%. Over the period under review, the average export prices attained the maximum at $1,250 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($786 per ton), while the average price for exports to Pakistan amounted to $529 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+0.4%).
Imports of Cotton; Yarn Waste (Including Thread Waste) in Hong Kong SAR
After three years of growth, overseas purchases of cotton; yarn waste (including thread waste) decreased by -2% to 384 tons in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 2.3%.
In value terms, imports of cotton; yarn waste (including thread waste) shrank modestly to $396K in 2022. The total import value increased at an average annual rate of +2.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 5.3%. As a result, imports attained the peak of $406K, and then reduced in the following year.
| Import of Cotton; Yarn Waste (Including Thread Waste) in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 220 | 236 | 246 | 239 | 2.8% |
| Lesotho | 23.9 | 29.5 | 35.6 | 39.9 | 18.6% |
| Malaysia | 10.7 | 10.7 | 10.4 | 9.5 | -3.9% |
| Canada | 5.5 | 6.8 | 8.2 | 9.1 | 18.3% |
| Mauritius | 8.6 | 9.0 | 9.3 | 8.9 | 1.1% |
| India | 11.1 | 10.6 | 9.9 | 8.5 | -8.5% |
| Mexico | 7.4 | 7.6 | 7.5 | 7.0 | -1.8% |
| Bangladesh | 8.5 | 7.2 | 5.9 | 4.5 | -19.1% |
| Turkmenistan | 2.8 | 3.3 | 3.9 | 4.2 | 14.5% |
| Taiwan (Chinese) | 4.8 | 4.3 | 3.8 | 3.1 | -13.6% |
| Others | 63.1 | 60.7 | 65.6 | 62.1 | -0.5% |
| Total | 366 | 386 | 406 | 396 | 2.7% |
Top Suppliers of Cotton; Yarn Waste (Including Thread Waste) to Hong Kong SAR in 2022:
- Turkey (194.7 tons)
- Lesotho (65.7 tons)
- India (19.3 tons)
- Canada (12.2 tons)
- Bangladesh (11.8 tons)
- Mexico (11.2 tons)
- Mauritius (10.5 tons)
- Turkmenistan (9.7 tons)
- Taiwan (Chinese) (7.6 tons)
- Malaysia (6.0 tons)
Exports of Cotton; Yarn Waste (Including Thread Waste) in Hong Kong SAR
In 2022, overseas shipments of cotton; yarn waste (including thread waste) were finally on the rise to reach 230 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, faced a dramatic downturn.
In value terms, exports of cotton; yarn waste (including thread waste) soared to $178K in 2022. Over the period under review, exports, however, saw a deep reduction.
| Export of Cotton; Yarn Waste (Including Thread Waste) in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 234 | 251 | 87.4 | 173 | -9.6% |
| Pakistan | 2.2 | 4.4 | 1.6 | 3.5 | 16.7% |
| Others | 5.9 | 9.1 | 1.6 | 1.2 | -41.2% |
| Total | 242 | 264 | 90.6 | 178 | -9.7% |
Top Export Markets for Cotton; Yarn Waste (Including Thread Waste) from Hong Kong SAR in 2022:
- China (220.0 tons)
- Pakistan (6.5 tons)
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