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

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

In 2022, the average import price for cotton; yarn waste (including thread waste) amounted to $3,251 per ton, picking up by 40% against the previous year. In general, the import price continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2019 an increase of 66%. The import price peaked in 2022 and is likely to see steady growth in years to come.

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 Indonesia ($7,821 per ton), while the price for Malaysia ($2,402 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for cotton; yarn waste (including thread waste) amounted to $3,500 per ton, remaining constant against the previous year. Overall, the export price saw a noticeable decline. The growth pace was the most rapid in 2019 when the average export price decreased by -2.3%. Over the period under review, the average export prices reached the peak figure at $4,161 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

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

From 2018 to 2022, the rate of growth in terms of prices for Thailand amounted to -7.8% per year.

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

Imports of cotton; yarn waste (including thread waste) into Myanmar surged to 1.1K tons in 2022, growing by 44% on the previous year. In general, imports, however, faced a deep slump. The pace of growth was the most pronounced in 2020 with an increase of 82%. As a result, imports reached the peak of 2.7K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of cotton; yarn waste (including thread waste) surged to $3.4M in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern.

Import of Cotton; Yarn Waste (Including Thread Waste) in Myanmar (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	3,336	6,276	1,572	2,443	-9.9%
Thailand	57.0	56.7	38.8	592	118.2%
Indonesia	N/A	N/A	N/A	218	0%
Japan	N/A	0.6	3.0	92.6	1142.3%
South Korea	7.8	72.8	4.3	56.8	93.8%
Malaysia	36.3	42.5	7.7	1.6	-64.7%
Bangladesh	N/A	134	N/A	N/A	0%
Others	15.0	92.0	92.2	44.3	43.5%
Total	3,452	6,675	1,718	3,448	-0.0%

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

China (808.2 tons)
Thailand (173.7 tons)
Indonesia (27.8 tons)
South Korea (22.3 tons)
Japan (17.6 tons)
Malaysia (0.7 tons)

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

In 2022, shipments abroad of cotton; yarn waste (including thread waste) decreased by 0% to 69 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports faced a abrupt decline. The pace of growth appeared the most rapid in 2020 with an increase of 11%. As a result, the exports attained the peak of 138 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of cotton; yarn waste (including thread waste) stood at $242K in 2022. In general, exports saw a dramatic decline. The smallest decline of -4.2% was in 2020.