Price for Cotton; Garnetted Stock Waste in the United States - 2023

Contents:

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

Price for Cotton; Garnetted Stock Waste in the United States (FOB) - 2023

In September 2023, the average cotton; garnetted stock waste export price amounted to $858 per ton, surging by 11% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.6%. The pace of growth was the most pronounced in December 2022 an increase of 35% m-o-m. Over the period under review, the average export prices hit record highs at $903 per ton in April 2023; however, from May 2023 to September 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In September 2023, the country with the highest price was Mexico ($1,337 per ton), while the average price for exports to Brazil ($671 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+0.8%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Cotton; Garnetted Stock Waste in the United States (CIF) - 2022

The average cotton; garnetted stock waste import price stood at $536 per ton in 2022, jumping by 24% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 47% against the previous year. Over the period under review, average import prices attained the peak figure at $584 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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 Mexico ($1,054 per ton), while the price for Tunisia ($173 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+32.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Cotton; Garnetted Stock Waste in the United States

Cotton; garnetted stock waste exports from the United States soared to 5.3K tons in 2022, picking up by 92% compared with the year before. In general, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, cotton; garnetted stock waste exports skyrocketed to $3.8M in 2022. Overall, exports recorded a significant increase. 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 the United States in 2022:

1. Brazil (4.6K tons)
2. Mexico (0.5K tons)
3. Canada (0.1K tons)
4. Bangladesh (0.1K tons)

Imports of Cotton; Garnetted Stock Waste in the United States

In 2022, purchases abroad of cotton; garnetted stock waste decreased by -53% to 867 tons, falling for the second consecutive year after two years of growth. In general, imports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2020 with an increase of 42%. As a result, imports attained the peak of 2K tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, cotton; garnetted stock waste imports declined rapidly to $465K in 2022. Overall, imports faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by 15% against the previous year. As a result, imports attained the peak of $924K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Top Suppliers of Cotton; Garnetted Stock Waste to the United States in 2022:

1. Turkey (403.7 tons)
2. Mexico (215.0 tons)
3. Tunisia (211.0 tons)
4. Canada (36.6 tons)

Source: IndexBox Market Intelligence Platform