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

Contents:

1. Price for Wadding; Other Articles Thereof, of Cotton in Ethiopia (CIF) - 2022
2. Price for Wadding; Other Articles Thereof, of Cotton in Ethiopia (FOB) - 2022
3. Imports of Wadding; Other Articles Thereof, of Cotton in Ethiopia
4. Exports of Wadding; Other Articles Thereof, of Cotton in Ethiopia

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

In 2022, the average import price for wadding; other articles thereof, of cotta amounted to $4,298 per ton, which is down by -14.1% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. The growth pace was the most rapid in 2013 an increase of 57%. As a result, import price reached the peak level of $5,552 per ton. From 2014 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($37,010 per ton), while the price for Saudi Arabia ($3,029 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+20.1%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for wadding; other articles thereof, of cotta amounted to $8,331 per ton, picking up by 67% against the previous year. In general, the export price enjoyed a temperate increase. The pace of growth appeared the most rapid in 2014 when the average export price increased by 415% against the previous year. As a result, the export price attained the peak level of $25,214 per ton. From 2015 to 2022, the average export prices failed to regain momentum.

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 the UK ($75,303 per ton), while the average price for exports to Mauritius ($2,795 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 Germany (+1.3%).

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

In 2022, imports of wadding; other articles thereof, of cotta into Ethiopia dropped remarkably to 14 tons, which is down by -20.6% compared with 2021 figures. Overall, imports saw a precipitous setback. The most prominent rate of growth was recorded in 2021 with an increase of 35% against the previous year.

In value terms, imports of wadding; other articles thereof, of cotta contracted sharply to $59K in 2022. In general, imports continue to indicate a precipitous decline. The most prominent rate of growth was recorded in 2021 with an increase of 42% against the previous year.

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

1. China (11.1 tons)
2. Saudi Arabia (1.1 tons)
3. United Arab Emirates (0.9 tons)
4. Turkey (0.4 tons)

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

In 2022, exports of wadding; other articles thereof, of cotta from Ethiopia shrank markedly to 507 kg, dropping by -52.7% compared with the previous year's figure. Overall, exports faced a deep downturn. The pace of growth appeared the most rapid in 2021 with an increase of 63%. As a result, the exports attained the peak of 1.1 tons, and then contracted rapidly in the following year.

In value terms, exports of wadding; other articles thereof, of cotta reduced dramatically to $4.2K in 2022. Over the period under review, exports continue to indicate a abrupt decrease. The smallest decline of -11.2% was in 2020.

Top Export Markets for Wadding; Other Articles Thereof, of Cotton from Ethiopia in 2022:

1. Mauritius (463.0 kg)
2. United Kingdom (33.0 kg)
3. Germany (9.0 kg)

Source: IndexBox Market Intelligence Platform