Price for Cotton; Yarn Waste (Including Thread Waste) in the UK - 2023
Contents:
- Price for Cotton; Yarn Waste (Including Thread Waste) in the UK (CIF) - 2022
- Price for Cotton; Yarn Waste (Including Thread Waste) in the UK (FOB) - 2022
- Imports of Cotton; Yarn Waste (Including Thread Waste) in the UK
- Exports of Cotton; Yarn Waste (Including Thread Waste) in the UK
Price for Cotton; Yarn Waste (Including Thread Waste) in the UK (CIF) - 2022
The average import price for cotton; yarn waste (including thread waste) stood at $3,027 per ton in 2022, growing by 176% against the previous year. In general, the import price posted resilient growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($14,707 per ton), while the price for Germany ($1,248 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+17.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cotton; Yarn Waste (Including Thread Waste) in the UK (FOB) - 2022
The average export price for cotton; yarn waste (including thread waste) stood at $12,017 per ton in 2022, surging by 1,050% against the previous year. Over the period under review, the export price posted a prominent expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Macao SAR ($27,832 per ton), while the average price for exports to Italy ($925 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Macao SAR (+4,507.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cotton; Yarn Waste (Including Thread Waste) in the UK
In 2022, overseas purchases of cotton; yarn waste (including thread waste) decreased by -93% to 60 tons, falling for the second year in a row after two years of growth. Overall, imports showed a precipitous descent. The most prominent rate of growth was recorded in 2020 when imports increased by 3.3% against the previous year. As a result, imports reached the peak of 877 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of cotton; yarn waste (including thread waste) dropped significantly to $181K in 2022. In general, imports continue to indicate a dramatic curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 12%.
| Import of Cotton; Yarn Waste (Including Thread Waste) in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | N/A | 1.5 | N/A | 65.6 | 561.3% |
| Pakistan | N/A | 138 | 125 | 64.8 | -31.5% |
| China | 98.0 | 23.0 | 6.8 | 41.6 | -24.8% |
| Germany | 647 | 494 | 433 | 6.6 | -78.3% |
| France | 28.0 | 163 | 165 | N/A | 142.8% |
| India | 134 | N/A | N/A | N/A | 0% |
| Turkey | 102 | 17.0 | 202 | N/A | 40.7% |
| Others | 3.9 | N/A | 3.4 | 2.3 | -16.1% |
| Total | 1,013 | 837 | 935 | 181 | -43.7% |
Top Suppliers of Cotton; Yarn Waste (Including Thread Waste) to the UK in 2022:
- Pakistan (46.4 tons)
- Germany (5.2 tons)
- Italy (4.5 tons)
- China (3.2 tons)
Exports of Cotton; Yarn Waste (Including Thread Waste) in the UK
In 2022, overseas shipments of cotton; yarn waste (including thread waste) decreased by -13.9% to 8.1 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports faced a sharp contraction. The pace of growth appeared the most rapid in 2020 when exports increased by 823% against the previous year. As a result, the exports attained the peak of 503 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) soared to $98K in 2022. Overall, exports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 1,384% against the previous year. As a result, the exports attained the peak of $573K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Cotton; Yarn Waste (Including Thread Waste) in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | N/A | N/A | 2.9 | 89.1 | 2972.4% |
| Belgium | 0.3 | N/A | 4.0 | 3.6 | 128.9% |
| Italy | N/A | N/A | 1.2 | 1.9 | 58.3% |
| France | 6.2 | 0.8 | N/A | 1.6 | -36.3% |
| Singapore | 4.9 | N/A | N/A | N/A | 0% |
| Saudi Arabia | N/A | 7.1 | N/A | N/A | 0% |
| Others | 27.2 | 565 | 1.8 | 1.4 | -62.8% |
| Total | 38.6 | 573 | 9.8 | 97.5 | 36.2% |
Top Export Markets for Cotton; Yarn Waste (Including Thread Waste) from the UK in 2022:
- Macao SAR (3.2 tons)
- Italy (2.0 tons)
- Belgium (1.7 tons)
- France (1.0 tons)
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