Price for Wadding; Other Articles Thereof, of Cotton in the United States - 2024
Contents:
- Price for Wadding; Other Articles Thereof, of Cotton in the United States (CIF) - 2024
- Price for Wadding; Other Articles Thereof, of Cotton in the United States (FOB) - 2024
- Imports of Wadding; Other Articles Thereof, of Cotton in the United States
- Exports of Wadding; Other Articles Thereof, of Cotton in the United States
Price for Wadding; Other Articles Thereof, of Cotton in the United States (CIF) - 2024
The average import price for wadding; other articles thereof, of cotta stood at $5,576 per ton in April 2024, approximately reflecting the previous month. Over the period under review, the import price, however, continues to indicate a slight curtailment. The most prominent rate of growth was recorded in October 2023 an increase of 6.7% against the previous month. The import price peaked at $6,496 per ton in April 2023; however, from May 2023 to April 2024, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In April 2024, the country with the highest price was Canada ($8,895 per ton), while the price for China ($4,590 per ton) was amongst the lowest.
From April 2023 to April 2024, the most notable rate of growth in terms of prices was attained by India (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Wadding; Other Articles Thereof, of Cotton in the United States (FOB) - 2024
The average export price for wadding; other articles thereof, of cotta stood at $5,898 per ton in April 2024, shrinking by -5.5% against the previous month. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in September 2023 when the average export price increased by 22% month-to-month. The export price peaked at $6,280 per ton in December 2023; however, from January 2024 to April 2024, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Australia ($10,102 per ton), while the average price for exports to Mexico ($4,507 per ton) was amongst the lowest.
From April 2023 to April 2024, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+1.4%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Wadding; Other Articles Thereof, of Cotton in the United States
For the fourth year in a row, the United States recorded growth in overseas purchases of wadding; other articles thereof, of cotta, which increased by 22% to 19K tons in 2022. The total import volume increased at an average annual rate of +9.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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 skyrocketed to $112M in 2022. The total import value increased at an average annual rate of +11.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Wadding; Other Articles Thereof, of Cotton in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 30.2 | 30.3 | 31.0 | 44.0 | 13.4% |
| Mexico | 20.8 | 22.0 | 20.4 | 30.6 | 13.7% |
| Switzerland | 7.3 | 3.6 | 2.7 | 12.6 | 20.0% |
| Turkey | 1.7 | 2.9 | 2.9 | 5.2 | 45.2% |
| India | 9.0 | 9.7 | 10.1 | 3.7 | -25.6% |
| Canada | 2.3 | 6.4 | 3.6 | 3.1 | 10.5% |
| Others | 9.3 | 14.5 | 13.9 | 12.8 | 11.2% |
| Total | 80.5 | 89.3 | 84.7 | 112 | 11.6% |
Top Suppliers of Wadding; Other Articles Thereof, of Cotton to the United States in 2022:
- China (9.8K tons)
- Mexico (5.8K tons)
- Switzerland (1.0K tons)
- Turkey (0.8K tons)
- India (0.7K tons)
- Canada (0.4K tons)
Exports of Wadding; Other Articles Thereof, of Cotton in the United States
In 2022, after two years of decline, there was growth in shipments abroad of wadding; other articles thereof, of cotta, when their volume increased by 1.6% to 6.3K tons. Over the period under review, exports, however, showed a drastic downturn.
In value terms, exports of wadding; other articles thereof, of cotta rose rapidly to $30M in 2022. Overall, exports, however, showed a abrupt shrinkage.
| Export of Wadding; Other Articles Thereof, of Cotton in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 21.8 | 20.3 | 19.1 | 19.9 | -3.0% |
| Mexico | 2.1 | 1.7 | 1.6 | 3.0 | 12.6% |
| Taiwan (Chinese) | 1.1 | 1.2 | 1.0 | 1.0 | -3.1% |
| Germany | 0.7 | 0.2 | 0.2 | 0.8 | 4.6% |
| Netherlands | 2.3 | 0.6 | 0.6 | 0.5 | -39.9% |
| Singapore | 0.7 | 0.4 | 0.5 | 0.3 | -24.6% |
| Japan | 0.4 | 0.1 | 0.2 | 0.2 | -20.6% |
| Switzerland | 1.7 | 0.3 | 0.4 | 0.1 | -61.1% |
| Others | 5.4 | 4.0 | 3.4 | 4.0 | -9.5% |
| Total | 36.1 | 28.9 | 27.1 | 29.9 | -6.1% |
Top Export Markets for Wadding; Other Articles Thereof, of Cotton from the United States in 2022:
- Canada (4782.9 tons)
- Mexico (418.3 tons)
- Germany (145.7 tons)
- Singapore (141.9 tons)
- Taiwan (Chinese) (132.2 tons)
- Japan (99.4 tons)
- Netherlands (78.9 tons)
- Switzerland (8.5 tons)
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