Price for Wadding; Other Articles Thereof, of Cotton in Angola - 2022

Price for Wadding; Other Articles Thereof, of Cotton in Angola (CIF) - 2022

The average import price for wadding; other articles thereof, of cotta stood at $4,677 per ton in 2022, falling by -4.4% against the previous year. Overall, the import price, however, recorded a modest expansion. The pace of growth appeared the most rapid in 2019 when the average import price increased by 65% against the previous year. The import price peaked at $5,706 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Namibia ($17,926 per ton), while the price for China ($3,196 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Namibia (+22.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Wadding; Other Articles Thereof, of Cotton in Angola (FOB) - 2022

In 2022, the average export price for wadding; other articles thereof, of cotta amounted to $3,592 per ton, shrinking by -8.4% against the previous year. Overall, the export price saw a noticeable slump. The most prominent rate of growth was recorded in 2021 when the average export price increased by 37% against the previous year. Over the period under review, the average export prices hit record highs at $5,163 per ton in 2012; however, from 2013 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 Democratic Republic of the Congo.

From 2012 to 2022, the rate of growth in terms of prices for Democratic Republic of the Congo amounted to -3.5% per year.

Imports of Wadding; Other Articles Thereof, of Cotton in Angola

After three years of growth, supplies from abroad of wadding; other articles thereof, of cotta decreased by -50.8% to 82 tons in 2022. Over the period under review, imports recorded a abrupt downturn. The pace of growth appeared the most rapid in 2021 with an increase of 40% against the previous year. As a result, imports reached the peak of 166 tons, and then contracted notably in the following year.

In value terms, imports of wadding; other articles thereof, of cotta plummeted to $381K in 2022. Overall, imports, however, saw prominent growth. The pace of growth was the most pronounced in 2021 with an increase of 82%. As a result, imports reached the peak of $811K, and then shrank sharply in the following year.

Import of Wadding; Other Articles Thereof, of Cotton in Angola (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	185	319	396	178	-1.3%
South Africa	60.4	42.1	106	59.8	-0.3%
Portugal	47.2	30.3	207	56.3	6.1%
Greece	13.2	23.5	50.3	33.2	36.0%
Namibia	0.1	1.0	7.1	29.9	568.7%
Others	20.9	30.7	44.3	24.2	5.0%
Total	327	446	811	381	5.2%

Top Suppliers of Wadding; Other Articles Thereof, of Cotton to Angola in 2022:

China (55.7 tons)
Portugal (10.7 tons)
South Africa (9.0 tons)
Greece (1.9 tons)
Namibia (1.7 tons)

Exports of Wadding; Other Articles Thereof, of Cotton in Angola

In 2022, after three years of growth, there was significant decline in shipments abroad of wadding; other articles thereof, of cotta, when their volume decreased by -6.7% to 1.4 tons. Over the period under review, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 633%.

In value terms, exports of wadding; other articles thereof, of cotta shrank to $5K in 2022. Overall, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 576% against the previous year.