Price for Wadding; Other Articles Thereof, of Cotton in the UK - 2024
Contents:
- Price for Wadding; Other Articles Thereof, of Cotton in the UK (CIF) - 2024
- Price for Wadding; Other Articles Thereof, of Cotton in the UK (FOB) - 2022
- Imports of Wadding; Other Articles Thereof, of Cotton in the UK
- Exports of Wadding; Other Articles Thereof, of Cotton in the UK
Price for Wadding; Other Articles Thereof, of Cotton in the UK (CIF) - 2024
In March 2024, the average import price for wadding; other articles thereof, of cotta amounted to $5,766 per ton, rising by 7% against the previous month. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 17% against the previous month. As a result, import price attained the peak level of $6,551 per ton. From May 2023 to March 2024, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In March 2024, the country with the highest price was the Netherlands ($8,719 per ton), while the price for India ($4,816 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by Italy (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Wadding; Other Articles Thereof, of Cotton in the UK (FOB) - 2022
In 2022, the average export price for wadding; other articles thereof, of cotta amounted to $8,446 per ton, picking up by 1.7% against the previous year. In general, the export price, however, saw a perceptible descent. The pace of growth was the most pronounced in 2021 when the average export price increased by 35%. Over the period under review, the average export prices hit record highs at $13,106 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($22,613 per ton), while the average price for exports to Poland ($3,524 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 Spain (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Wadding; Other Articles Thereof, of Cotton in the UK
In 2022, the amount of wadding; other articles thereof, of cotta imported into the UK soared to 9.5K tons, picking up by 41% against the previous year. The total import volume increased at an average annual rate of +6.4% 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.
In value terms, imports of wadding; other articles thereof, of cotta soared to $52M in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +12.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -5.3% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 51% against the previous year. As a result, imports reached the peak of $55M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Wadding; Other Articles Thereof, of Cotton in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 2.0 | 21.6 | 15.9 | 12.6 | 84.7% |
| Turkey | 9.1 | 8.1 | 7.6 | 9.5 | 1.4% |
| Netherlands | 4.3 | 6.0 | 3.1 | 4.5 | 1.5% |
| India | 5.3 | 4.6 | 4.5 | 3.9 | -9.7% |
| China | 2.3 | 2.7 | 3.2 | 3.7 | 17.2% |
| France | 2.1 | 2.1 | 0.8 | 3.4 | 17.4% |
| Germany | 0.7 | 0.5 | 0.6 | 3.4 | 69.4% |
| Bulgaria | 2.6 | 0.6 | 2.8 | 3.2 | 7.2% |
| Greece | 3.3 | 3.5 | 0.2 | 1.3 | -26.7% |
| Others | 4.6 | 5.3 | 5.9 | 6.6 | 12.8% |
| Total | 36.4 | 55.0 | 44.7 | 52.1 | 12.7% |
Top Suppliers of Wadding; Other Articles Thereof, of Cotton to the UK in 2022:
- Italy (3235.8 tons)
- Turkey (1605.9 tons)
- India (682.5 tons)
- Bulgaria (659.4 tons)
- Netherlands (642.1 tons)
- France (603.6 tons)
- China (570.7 tons)
- Germany (475.0 tons)
- Greece (183.0 tons)
Exports of Wadding; Other Articles Thereof, of Cotton in the UK
In 2022, shipments abroad of wadding; other articles thereof, of cotta decreased by -21.8% to 508 tons, falling for the second year in a row after two years of growth. Over the period under review, exports faced a abrupt descent. The pace of growth was the most pronounced in 2020 when exports increased by 14%. As a result, the exports reached the peak of 960 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of wadding; other articles thereof, of cotta dropped rapidly to $4.3M in 2022. In general, exports recorded a noticeable reduction. The growth pace was the most rapid in 2020 when exports increased by 24%. As a result, the exports attained the peak of $5.9M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Wadding; Other Articles Thereof, of Cotton in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 2,125 | 2,725 | 2,251 | 1,321 | -14.7% |
| Denmark | 372 | 551 | 504 | 944 | 36.4% |
| France | 157 | 237 | 69.2 | 295 | 23.4% |
| United States | 117 | 471 | 484 | 143 | 6.9% |
| Belgium | 165 | 419 | 89.0 | 136 | -6.2% |
| Trinidad and Tobago | 79.9 | 46.2 | 62.1 | 111 | 11.6% |
| United Arab Emirates | 125 | 62.2 | 152 | 99.2 | -7.4% |
| Jamaica | 61.9 | 72.9 | 85.0 | 80.6 | 9.2% |
| Canada | 11.9 | N/A | N/A | 72.2 | 82.4% |
| Netherlands | 115 | 66.4 | 285 | 69.5 | -15.5% |
| Poland | 4.4 | 98.8 | 130 | 65.4 | 145.9% |
| Germany | 138 | 157 | 204 | 26.6 | -42.2% |
| Others | 1,306 | 1,008 | 1,077 | 923 | -10.9% |
| Total | 4,778 | 5,915 | 5,392 | 4,287 | -3.5% |
Top Export Markets for Wadding; Other Articles Thereof, of Cotton from the UK in 2022:
- Denmark (144.0 tons)
- Ireland (143.6 tons)
- France (27.9 tons)
- Trinidad and Tobago (20.0 tons)
- Poland (18.6 tons)
- United Arab Emirates (16.7 tons)
- Jamaica (11.4 tons)
- United States (9.9 tons)
- Canada (8.4 tons)
- Netherlands (5.8 tons)
- Belgium (5.1 tons)
- Germany (2.2 tons)
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