Price for Wadding; Other Articles Thereof, of Cotton in Nepal - 2022
Contents:
- Price for Wadding; Other Articles Thereof, of Cotton in Nepal (CIF) - 2022
- Price for Wadding; Other Articles Thereof, of Cotton in Nepal (FOB) - 2022
- Imports of Wadding; Other Articles Thereof, of Cotton in Nepal
- Exports of Wadding; Other Articles Thereof, of Cotton in Nepal
Price for Wadding; Other Articles Thereof, of Cotton in Nepal (CIF) - 2022
In 2022, the average import price for wadding; other articles thereof, of cotta amounted to $4,209 per ton, with an increase of 1.7% against the previous year. Overall, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for wadding; other articles thereof, of cotta increased by +66.6% against 2018 indices. The growth pace was the most rapid in 2020 when the average import price increased by 48% against the previous year. The import price peaked at $4,684 per ton in 2013; however, from 2014 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 Turkey ($11,114 per ton), while the price for the United States ($1,456 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Wadding; Other Articles Thereof, of Cotton in Nepal (FOB) - 2022
The average export price for wadding; other articles thereof, of cotta stood at $18,877 per ton in 2022, surging by 22% against the previous year. Over the period under review, the export price recorded a prominent expansion. The most prominent rate of growth was recorded in 2014 when the average export price increased by 182%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see gradual growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($30,632 per ton), while the average price for exports to Canada ($8,000 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 Singapore (+6.8%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Wadding; Other Articles Thereof, of Cotton in Nepal
In 2022, the amount of wadding; other articles thereof, of cotta imported into Nepal shrank rapidly to 40 tons, reducing by -34.8% against 2021. Overall, imports showed a abrupt setback. The pace of growth appeared the most rapid in 2021 when imports increased by 48%.
In value terms, imports of wadding; other articles thereof, of cotta fell significantly to $168K in 2022. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 62%. As a result, imports attained the peak of $254K, and then contracted markedly in the following year.
| Import of Wadding; Other Articles Thereof, of Cotton in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 105 | 91.2 | 150 | 88.7 | -5.5% |
| India | 5.0 | 11.1 | 27.1 | 26.9 | 75.2% |
| Malaysia | 42.3 | 35.2 | 30.2 | 23.6 | -17.7% |
| Turkey | 2.7 | 1.5 | 11.7 | 7.0 | 37.4% |
| United States | 2.8 | 3.2 | 3.4 | 3.3 | 5.6% |
| Others | 13.9 | 15.1 | 31.6 | 18.9 | 10.8% |
| Total | 172 | 157 | 254 | 168 | -0.8% |
Top Suppliers of Wadding; Other Articles Thereof, of Cotton to Nepal in 2022:
- China (28.4 tons)
- India (4.6 tons)
- Malaysia (2.4 tons)
- United States (2.3 tons)
- Turkey (0.6 tons)
Exports of Wadding; Other Articles Thereof, of Cotton in Nepal
In 2022, shipments abroad of wadding; other articles thereof, of cotta was finally on the rise to reach 310 kg after two years of decline. In general, exports, however, continue to indicate a precipitous slump.
In value terms, exports of wadding; other articles thereof, of cotta surged to $5.9K in 2022. Overall, exports, however, continue to indicate a precipitous contraction.
| Export of Wadding; Other Articles Thereof, of Cotton in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 37.4 | 20.9 | 1.4 | 4.1 | -52.1% |
| Singapore | 1.5 | 1.8 | 1.0 | 1.6 | 2.2% |
| Ecuador | 3.9 | N/A | N/A | N/A | 0% |
| Others | 0.3 | 0.1 | 0.2 | 0.1 | -30.7% |
| Total | 43.0 | 22.8 | 2.6 | 5.9 | -48.4% |
Top Export Markets for Wadding; Other Articles Thereof, of Cotton from Nepal in 2022:
- Singapore (173.0 kg)
- United States (133.0 kg)
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