Price for Cotton; Garnetted Stock Waste in Uzbekistan - 2023

Price for Cotton; Garnetted Stock Waste in Uzbekistan (FOB) - 2022

In 2022, the average cotton; garnetted stock waste export price amounted to $519 per ton, which is down by -11.6% against the previous year. In general, export price indicated a buoyant increase from 2017 to 2022: its price increased at an average annual rate of +11.3% over the last five-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cotton; garnetted stock waste export price increased by +1.5% against 2018 indices. The most prominent rate of growth was recorded in 2018 an increase of 68%. Over the period under review, the average export prices hit record highs at $587 per ton in 2021, and then fell in the following year.

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 Italy ($779 per ton), while the average price for exports to Iran ($324 per ton) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+29.7%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the average cotton; garnetted stock waste import price amounted to $180 per ton, remaining relatively unchanged against the previous year. In general, the import price faced a dramatic decline. The growth pace was the most rapid in 2020 when the average import price decreased by -38.9% against the previous year. Over the period under review, average import prices hit record highs at $593 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Iran.

From 2018 to 2022, the rate of growth in terms of prices for Iran amounted to -25.8% per year.

Exports of Cotton; Garnetted Stock Waste in Uzbekistan

In 2022, overseas shipments of cotton; garnetted stock waste decreased by -36.7% to 598 tons, falling for the second consecutive year after two years of growth. Overall, exports continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2020 when exports increased by 1.3% against the previous year. As a result, the exports attained the peak of 1.1K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, cotton; garnetted stock waste exports shrank markedly to $310K in 2022. In general, exports faced a abrupt shrinkage. The growth pace was the most rapid in 2021 with an increase of 4.7%. As a result, the exports reached the peak of $555K, and then shrank dramatically in the following year.

Export of Cotton; Garnetted Stock Waste in Uzbekistan (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Italy	88.6	57.2	85.8	129	13.3%
Russia	59.7	46.6	81.8	115	24.4%
Spain	37.9	54.6	12.7	44.0	5.1%
Iran	4.1	4.3	5.1	22.6	76.6%
Armenia	8.9	10.5	137	N/A	292.3%
Vietnam	N/A	32.3	N/A	N/A	0%
Turkey	3.8	5.4	11.7	N/A	75.5%
Ukraine	110	103	53.7	N/A	-30.1%
Others	196	215	167	N/A	-7.7%
Total	509	530	555	310	-15.2%

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

Russia (300.0 tons)
Italy (165.8 tons)
Iran (69.9 tons)
Spain (62.1 tons)

Imports of Cotton; Garnetted Stock Waste in Uzbekistan

For the third year in a row, Uzbekistan recorded decline in supplies from abroad of cotton; garnetted stock waste, which decreased by 0% to 7.5 tons in 2022. Over the period under review, imports saw a significant curtailment. The smallest decline of -70.6% was in 2020.

In value terms, cotton; garnetted stock waste imports totaled $1.3K in 2022. Overall, imports continue to indicate a sharp downturn. The smallest decline of -82% was in 2020.