Price for Wadding; Other Articles Thereof, of Cotton in South Africa - 2024
Contents:
- Price for Wadding; Other Articles Thereof, of Cotton in South Africa (CIF) - 2024
- Price for Wadding; Other Articles Thereof, of Cotton in South Africa (FOB) - 2022
- Imports of Wadding; Other Articles Thereof, of Cotton in South Africa
- Exports of Wadding; Other Articles Thereof, of Cotton in South Africa
Price for Wadding; Other Articles Thereof, of Cotton in South Africa (CIF) - 2024
In April 2024, the average import price for wadding; other articles thereof, of cotta amounted to $6,938 per ton, increasing by 27% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.7%. The most prominent rate of growth was recorded in July 2023 when the average import price increased by 30% against the previous month. Over the period under review, average import prices reached the peak figure in April 2024.
Average prices varied somewhat amongst the major supplying countries. In April 2024, the countries with the highest prices were India ($7,922 per ton) and Italy ($7,213 per ton), while the price for Thailand ($5,986 per ton) and China ($6,637 per ton) were amongst the lowest.
From April 2023 to April 2024, the most notable rate of growth in terms of prices was attained by China (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Wadding; Other Articles Thereof, of Cotton in South Africa (FOB) - 2022
The average export price for wadding; other articles thereof, of cotta stood at $6,182 per ton in 2022, increasing by 10% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by 29%. The export price peaked at $7,357 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
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 Zambia ($7,930 per ton), while the average price for exports to Malawi ($3,713 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 Mozambique (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Wadding; Other Articles Thereof, of Cotton in South Africa
In 2022, overseas purchases of wadding; other articles thereof, of cotta decreased by -10.6% to 950 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports showed a perceptible slump. The pace of growth was the most pronounced in 2020 when imports increased by 2.1% against the previous year. As a result, imports reached the peak of 1.1K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of wadding; other articles thereof, of cotta shrank to $5.3M in 2022. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 13%. As a result, imports reached the peak of $6.1M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Wadding; Other Articles Thereof, of Cotton in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.2 | 2.7 | 2.3 | 2.7 | 7.1% |
| India | 1.5 | 1.9 | 2.1 | 1.9 | 8.2% |
| Italy | 0.4 | 0.4 | 0.4 | 0.2 | -20.6% |
| Turkey | 0.1 | 0.2 | 0.2 | 0.1 | 0.0% |
| Thailand | 1.0 | 0.7 | 0.2 | 0.1 | -53.6% |
| Others | 0.2 | 0.2 | 0.2 | 0.2 | 0.0% |
| Total | 5.4 | 6.1 | 5.4 | 5.3 | -0.6% |
Top Suppliers of Wadding; Other Articles Thereof, of Cotton to South Africa in 2022:
- China (542.7 tons)
- India (301.9 tons)
- Italy (48.7 tons)
- Turkey (22.6 tons)
- Thailand (18.6 tons)
Exports of Wadding; Other Articles Thereof, of Cotton in South Africa
In 2022, overseas shipments of wadding; other articles thereof, of cotta decreased by -24% to 144 tons, falling for the second year in a row after two years of growth. Overall, exports showed a deep setback. The most prominent rate of growth was recorded in 2020 when exports increased by 17%. As a result, the exports attained the peak of 204 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of wadding; other articles thereof, of cotta fell sharply to $892K in 2022. In general, exports continue to indicate a slight reduction. The growth pace was the most rapid in 2021 with an increase of 13%. As a result, the exports attained the peak of $1.1M, and then dropped sharply in the following year.
| Export of Wadding; Other Articles Thereof, of Cotton in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Namibia | 258 | 349 | 314 | 328 | 8.3% |
| Botswana | 147 | 198 | 352 | 234 | 16.8% |
| Swaziland | 71.3 | 80.5 | 103 | 79.3 | 3.6% |
| Zambia | 205 | 72.6 | 58.2 | 68.8 | -30.5% |
| Lesotho | 43.6 | 53.8 | 86.9 | 42.5 | -0.8% |
| Malawi | 22.3 | 74.4 | 34.2 | 39.8 | 21.3% |
| Mozambique | 36.6 | 21.2 | 25.2 | 21.8 | -15.9% |
| Others | 154 | 90.2 | 90.3 | 78.4 | -20.2% |
| Total | 938 | 940 | 1,064 | 892 | -1.7% |
Top Export Markets for Wadding; Other Articles Thereof, of Cotton from South Africa in 2022:
- Namibia (61.9 tons)
- Botswana (29.7 tons)
- Swaziland (12.8 tons)
- Malawi (10.7 tons)
- Lesotho (10.4 tons)
- Zambia (8.7 tons)
- Mozambique (3.4 tons)
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