Price for Wadding; Other Articles Thereof, of Cotton in Italy - 2024
Contents:
- Price for Wadding; Other Articles Thereof, of Cotton in Italy (FOB) - 2024
- Price for Wadding; Other Articles Thereof, of Cotton in Italy (CIF) - 2024
- Exports of Wadding; Other Articles Thereof, of Cotton in Italy
- Imports of Wadding; Other Articles Thereof, of Cotton in Italy
Price for Wadding; Other Articles Thereof, of Cotton in Italy (FOB) - 2024
In February 2024, the average export price for wadding; other articles thereof, of cotta amounted to $5,469 per ton, with a decrease of -6.1% against the previous month. Over the period under review, the export price recorded a slight decline. The growth pace was the most rapid in July 2023 an increase of 19% month-to-month. Over the period under review, the average export prices reached the maximum at $6,488 per ton in September 2023; however, from October 2023 to February 2024, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In February 2024, the country with the highest price was the United States ($10,531 per ton), while the average price for exports to the UK ($4,461 per ton) was amongst the lowest.
From February 2023 to February 2024, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Wadding; Other Articles Thereof, of Cotton in Italy (CIF) - 2024
In February 2024, the average import price for wadding; other articles thereof, of cotta amounted to $3,937 per ton, with a decrease of -15.1% against the previous month. Over the period under review, the import price recorded a perceptible reduction. The pace of growth was the most pronounced in October 2023 when the average import price increased by 65% against the previous month. As a result, import price reached the peak level of $7,029 per ton. From November 2023 to February 2024, the average import prices remained at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In February 2024, the country with the highest price was India ($4,313 per ton), while the price for China stood at $3,885 per ton.
From February 2023 to February 2024, the most notable rate of growth in terms of prices was attained by India (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Wadding; Other Articles Thereof, of Cotton in Italy
In 2022, overseas shipments of wadding; other articles thereof, of cotta decreased by -7.9% to 7.8K tons for the first time since 2018, thus ending a three-year rising trend. In general, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +16.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 60% against the previous year.
In value terms, exports of wadding; other articles thereof, of cotta reduced to $45M in 2022. Over the period under review, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +13.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 53%.
| Export of Wadding; Other Articles Thereof, of Cotton in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 7.7 | 9.2 | 7.2 | 8.5 | 3.3% |
| United Kingdom | 2.1 | 14.9 | 17.6 | 7.7 | 54.2% |
| United Arab Emirates | 3.5 | 4.1 | 3.5 | 3.1 | -4.0% |
| Canada | 2.1 | 2.3 | 2.7 | 2.9 | 11.4% |
| Greece | 0.9 | 0.9 | 1.1 | 2.0 | 30.5% |
| Spain | 1.1 | 1.5 | 1.9 | 1.9 | 20.0% |
| Vietnam | 0.1 | 0.2 | 0.4 | 1.7 | 157.1% |
| Germany | 0.4 | 0.3 | 0.5 | 1.5 | 55.4% |
| India | 0.1 | 0.1 | 0.1 | 1.0 | 115.4% |
| Slovenia | 0.8 | 0.8 | 0.9 | 1.0 | 7.7% |
| Algeria | 0.1 | 0.2 | 0.5 | 0.8 | 100.0% |
| Poland | 0.5 | 0.9 | 0.6 | 0.5 | 0.0% |
| Croatia | 0.5 | 0.7 | 0.7 | 0.5 | 0.0% |
| Others | 10.8 | 11.0 | 10.8 | 12.0 | 3.6% |
| Total | 30.8 | 47.0 | 48.3 | 45.1 | 13.6% |
Top Export Markets for Wadding; Other Articles Thereof, of Cotton from Italy in 2022:
- United Kingdom (1974.3 tons)
- France (1236.9 tons)
- Canada (658.4 tons)
- United Arab Emirates (431.8 tons)
- Vietnam (318.0 tons)
- Spain (264.8 tons)
- Germany (258.5 tons)
- Greece (224.8 tons)
- India (207.3 tons)
- Slovenia (163.9 tons)
- Algeria (160.6 tons)
- Poland (107.5 tons)
- Croatia (95.8 tons)
Imports of Wadding; Other Articles Thereof, of Cotton in Italy
In 2022, approx. 2.8K tons of wadding; other articles thereof, of cotta were imported into Italy; rising by 22% compared with the previous year's figure. The total import volume increased at an average annual rate of +7.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 24%. Over the period under review, imports of reached the maximum in 2022 and are likely to see steady growth in years to come.
In value terms, imports of wadding; other articles thereof, of cotta skyrocketed to $18M in 2022. The total import value increased at an average annual rate of +9.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Wadding; Other Articles Thereof, of Cotton in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 5.3 | 5.1 | 5.3 | 5.1 | -1.3% |
| Germany | 1.9 | 3.1 | 4.0 | 4.4 | 32.3% |
| China | 1.8 | 1.8 | 1.9 | 2.1 | 5.3% |
| Greece | 0.4 | 0.2 | 0.2 | 2.0 | 71.0% |
| Poland | 0.1 | 0.1 | 0.3 | 1.0 | 115.4% |
| Netherlands | 0.6 | 1.0 | 0.5 | 0.6 | 0.0% |
| Austria | 0.8 | 0.2 | 0.4 | 0.4 | -20.6% |
| Bulgaria | 0.8 | 0.2 | 0.6 | 0.3 | -27.9% |
| Others | 1.8 | 0.9 | 0.8 | 1.7 | -1.9% |
| Total | 13.4 | 12.6 | 14.1 | 17.7 | 9.7% |
Top Suppliers of Wadding; Other Articles Thereof, of Cotton to Italy in 2022:
- France (1073.7 tons)
- Germany (465.8 tons)
- China (347.8 tons)
- Greece (277.1 tons)
- Poland (196.8 tons)
- Netherlands (87.1 tons)
- Austria (78.1 tons)
- Bulgaria (57.7 tons)
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