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

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

In 2022, the average import price for wadding; other articles thereof, of cotta amounted to $5,521 per ton, with a decrease of -16.8% against the previous year. Overall, the import price saw a noticeable decrease. The most prominent rate of growth was recorded in 2021 when the average import price increased by 38%. The import price peaked at $8,714 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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 Colombia ($19,416 per ton), while the price for China ($2,874 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+16.2%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for wadding; other articles thereof, of cotta stood at $9,346 per ton in 2022, therefore, remained relatively stable against the previous year. Overall, the export price recorded modest growth. The pace of growth was the most pronounced in 2021 when the average export price increased by 47%. The export price peaked in 2022 and is likely to see gradual growth in years to come.

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

From 2012 to 2022, the rate of growth in terms of prices for Panama amounted to +21.3% per year.

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

In 2022, approx. 542 tons of wadding; other articles thereof, of cotta were imported into Ecuador; rising by 87% compared with the previous year. Over the period under review, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 101% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, imports of wadding; other articles thereof, of cotta soared to $3M in 2022. In general, imports posted a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 100% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Import of Wadding; Other Articles Thereof, of Cotton in Ecuador (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	228	743	549	960	61.5%
Netherlands	522	672	514	822	16.3%
Brazil	16.1	245	279	280	159.1%
France	126	337	186	216	19.7%
Italy	59.0	141	86.5	206	51.7%
Turkey	1.3	1.7	6.5	140	375.8%
Peru	104	104	102	138	9.9%
Poland	43.1	76.4	87.4	107	35.4%
Others	124	122	116	121	-0.8%
Total	1,223	2,443	1,927	2,992	34.7%

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

China (334.0 tons)
Netherlands (47.7 tons)
Italy (42.1 tons)
Peru (30.7 tons)
France (23.9 tons)
Brazil (20.3 tons)
Turkey (19.8 tons)
Poland (17.0 tons)

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

For the third consecutive year, Ecuador recorded growth in shipments abroad of wadding; other articles thereof, of cotta, which increased by 20% to 1.8 tons in 2022. In general, exports enjoyed significant growth. The growth pace was the most rapid in 2021 with an increase of 91%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, exports of wadding; other articles thereof, of cotta skyrocketed to $17K in 2022. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 181%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see steady growth in the near future.