Price for Cotton; Garnetted Stock Waste in Pakistan - 2023

Contents:

1. Price for Cotton; Garnetted Stock Waste in Pakistan (FOB) - 2023
2. Price for Cotton; Garnetted Stock Waste in Pakistan (CIF) - 2022
3. Exports of Cotton; Garnetted Stock Waste in Pakistan
4. Imports of Cotton; Garnetted Stock Waste in Pakistan

Price for Cotton; Garnetted Stock Waste in Pakistan (FOB) - 2023

In April 2023, the average cotton; garnetted stock waste export price amounted to $636 per ton, surging by 10% against the previous month. Overall, the export price, however, showed a abrupt contraction. The pace of growth appeared the most rapid in August 2022 when the average export price increased by 68% against the previous month. The export price peaked at $1,281 per ton in April 2022; however, from May 2022 to April 2023, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In April 2023, the highest price was recorded for prices to the United States ($677 per ton) and the UK ($676 per ton), while the average price for exports to Brazil ($579 per ton) and Estonia ($597 per ton) were amongst the lowest.

From April 2022 to April 2023, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+9.5%), while the prices for the other major destinations experienced a decline.

Price for Cotton; Garnetted Stock Waste in Pakistan (CIF) - 2022

The average cotton; garnetted stock waste import price stood at $1,033 per ton in 2022, picking up by 52% against the previous year. In general, the import price showed prominent growth. The pace of growth was the most pronounced in 2020 when the average import price increased by 82%. The import price peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Bangladesh ($1,166 per ton), while the price for Bahrain ($639 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+29.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Cotton; Garnetted Stock Waste in Pakistan

Cotton; garnetted stock waste exports from Pakistan skyrocketed to 18K tons in 2022, jumping by 144% compared with the previous year's figure. In general, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, cotton; garnetted stock waste exports surged to $19M in 2022. Over the period under review, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +16.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +58.2% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Cotton; Garnetted Stock Waste from Pakistan in 2022:

1. Philippines (3.0K tons)
2. United Kingdom (1.5K tons)
3. Russia (1.5K tons)
4. China (1.4K tons)
5. Afghanistan (1.3K tons)
6. France (1.2K tons)
7. Taiwan (Chinese) (0.9K tons)
8. Italy (0.8K tons)
9. Algeria (0.8K tons)
10. Netherlands (0.7K tons)
11. United States (0.7K tons)
12. Greece (0.5K tons)
13. Tunisia (0.4K tons)

Imports of Cotton; Garnetted Stock Waste in Pakistan

In 2022, the amount of cotton; garnetted stock waste imported into Pakistan amounted to 3.9K tons, rising by 13% compared with 2021. In general, imports posted significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 159% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, cotton; garnetted stock waste imports soared to $4M in 2022. Over the period under review, imports recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 111% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

Top Suppliers of Cotton; Garnetted Stock Waste to Pakistan in 2022:

1. Bangladesh (2151.2 tons)
2. United Arab Emirates (1389.5 tons)
3. Bahrain (166.1 tons)
4. Thailand (129.8 tons)

Source: IndexBox Market Intelligence Platform