Price for Wadding; Other Articles Thereof, of Cotton in China - 2024
Contents:
- Price for Wadding; Other Articles Thereof, of Cotton in China (FOB) - 2024
- Price for Wadding; Other Articles Thereof, of Cotton in China (CIF) - 2024
- Exports of Wadding; Other Articles Thereof, of Cotton in China
- Imports of Wadding; Other Articles Thereof, of Cotton in China
Price for Wadding; Other Articles Thereof, of Cotton in China (FOB) - 2024
In April 2024, the average export price for wadding; other articles thereof, of cotta amounted to $5,493 per ton, declining by -15.6% against the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2024 when the average export price increased by 25% month-to-month. As a result, the export price reached the peak level of $6,506 per ton, and then declined rapidly in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Malaysia ($14,767 per ton), while the average price for exports to India ($3,610 per ton) was amongst the lowest.
From April 2023 to April 2024, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+0.4%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Wadding; Other Articles Thereof, of Cotton in China (CIF) - 2024
The average import price for wadding; other articles thereof, of cotta stood at $7,631 per ton in April 2024, growing by 2.6% against the previous month. Overall, import price indicated a pronounced expansion from April 2023 to April 2024: its price increased at an average monthly rate of +2.1% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on April 2024 figures, import price for wadding; other articles thereof, of cotta decreased by -30.2% against February 2024 indices. The growth pace was the most rapid in February 2024 when the average import price increased by 68% against the previous month. As a result, import price attained the peak level of $10,929 per ton. From March 2024 to April 2024, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In April 2024, the country with the highest price was the United States ($18,524 per ton), while the price for Vietnam ($5,227 per ton) was amongst the lowest.
From April 2023 to April 2024, the most notable rate of growth in terms of prices was attained by India (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Wadding; Other Articles Thereof, of Cotton in China
For the fourth year in a row, China recorded growth in shipments abroad of wadding; other articles thereof, of cotta, which increased by 25% to 49K tons in 2022. The total export volume increased at an average annual rate of +10.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of wadding; other articles thereof, of cotta skyrocketed to $283M in 2022. In general, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +21.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +80.4% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Wadding; Other Articles Thereof, of Cotton in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 27.5 | 25.9 | 27.2 | 42.0 | 15.2% |
| South Korea | 12.7 | 17.3 | 21.5 | 21.3 | 18.8% |
| Japan | 17.9 | 19.6 | 19.3 | 20.0 | 3.8% |
| Australia | 6.7 | 8.9 | 8.8 | 17.2 | 36.9% |
| Vietnam | 4.8 | 5.8 | 13.4 | 15.6 | 48.1% |
| Philippines | 4.5 | 5.4 | 9.3 | 12.9 | 42.1% |
| Malaysia | 1.7 | 3.0 | 6.9 | 11.9 | 91.3% |
| Iraq | 1.3 | 3.4 | 2.4 | 10.7 | 101.9% |
| Mexico | 8.3 | 1.8 | 4.5 | 9.6 | 5.0% |
| India | 2.1 | 2.6 | 3.9 | 8.4 | 58.7% |
| United Kingdom | 5.3 | 6.3 | 8.4 | 6.0 | 4.2% |
| Canada | 3.1 | 2.9 | 2.9 | 4.6 | 14.1% |
| Nigeria | 2.4 | 3.4 | 3.8 | 3.3 | 11.2% |
| Others | 58.5 | 70.6 | 78.7 | 99.2 | 19.2% |
| Total | 157 | 177 | 211 | 283 | 21.7% |
Top Export Markets for Wadding; Other Articles Thereof, of Cotton from China in 2022:
- United States (9.0K tons)
- Japan (5.0K tons)
- South Korea (3.4K tons)
- Mexico (2.3K tons)
- Australia (2.1K tons)
- Vietnam (1.9K tons)
- Philippines (1.8K tons)
- India (1.4K tons)
- Iraq (1.4K tons)
- Canada (1.0K tons)
- United Kingdom (1.0K tons)
- Malaysia (1.0K tons)
- Nigeria (0.9K tons)
Imports of Wadding; Other Articles Thereof, of Cotton in China
Imports of wadding; other articles thereof, of cotta into China contracted notably to 3.2K tons in 2022, which is down by -28.4% against the year before. In general, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 18% against the previous year. As a result, imports attained the peak of 4.5K tons, and then shrank notably in the following year.
In value terms, imports of wadding; other articles thereof, of cotta shrank significantly to $26M in 2022. Over the period under review, imports continue to indicate a deep downturn. The smallest decline of -2.9% was in 2021.
| Import of Wadding; Other Articles Thereof, of Cotton in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 9.5 | 16.2 | 18.1 | 13.5 | 12.4% |
| Japan | 34.9 | 25.7 | 22.5 | 9.0 | -36.3% |
| Indonesia | 0.4 | 0.2 | 0.2 | 0.9 | 31.0% |
| Pakistan | 0.4 | 0.3 | 0.5 | 0.4 | 0.0% |
| United States | 0.5 | 0.4 | 0.4 | 0.4 | -7.2% |
| Spain | 1.5 | N/A | N/A | N/A | 0% |
| Turkey | 0.2 | 0.6 | 0.3 | N/A | 22.5% |
| Others | 2.5 | 2.4 | 2.3 | 1.4 | -17.6% |
| Total | 49.7 | 45.7 | 44.4 | 25.6 | -19.8% |
Top Suppliers of Wadding; Other Articles Thereof, of Cotton to China in 2022:
- Vietnam (1766.8 tons)
- Japan (711.5 tons)
- Indonesia (334.0 tons)
- Pakistan (221.7 tons)
- United States (56.5 tons)
- Turkey (4.4 tons)
- Spain (0.2 tons)
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