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

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

The average import price for cotton; yarn waste (including thread waste) stood at $1,155 per ton in 2022, dropping by -58.3% against the previous year. In general, the import price saw a deep reduction. The pace of growth was the most pronounced in 2021 an increase of 71% against the previous year. Over the period under review, average import prices hit record highs at $3,421 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($1,182 per ton), while the price for Turkey stood at $1,155 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (-7.8%).

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

Imports of cotton; yarn waste (including thread waste) into Libya soared to 985 kg in 2022, rising by 26% on 2021 figures. Overall, imports saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 1,051% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, imports of cotton; yarn waste (including thread waste) declined dramatically to $1.1K in 2022. In general, imports enjoyed a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 1,870% against the previous year. As a result, imports attained the peak of $2.2K, and then dropped sharply in the following year.