Price for Cotton Waste (Including Yarn Waste and Garnetted Stock) in Ethiopia - 2022

Contents:

1. Price for Cotton Waste (Including Yarn Waste and Garnetted Stock) in Ethiopia (CIF) - 2022
2. Price for Cotton Waste (Including Yarn Waste and Garnetted Stock) in Ethiopia (FOB) - 2022
3. Imports of Cotton Waste (Including Yarn Waste and Garnetted Stock) in Ethiopia
4. Exports of Cotton Waste (Including Yarn Waste and Garnetted Stock) in Ethiopia

Price for Cotton Waste (Including Yarn Waste and Garnetted Stock) in Ethiopia (CIF) - 2022

The average import price for cotton waste (including yarn waste and garnetted stock) stood at $1,227 per ton in 2022, standing approx. at the previous year. Over the period under review, the import price, however, continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2019 when the average import price increased by 17% against the previous year. The import price peaked at $2,450 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for India amounted to -2.8% per year.

Price for Cotton Waste (Including Yarn Waste and Garnetted Stock) in Ethiopia (FOB) - 2022

The average export price for cotton waste (including yarn waste and garnetted stock) stood at $488 per ton in 2022, declining by -16.3% against the previous year. Overall, the export price saw a abrupt setback. The most prominent rate of growth was recorded in 2016 when the average export price increased by 25% against the previous year. Over the period under review, the average export prices reached the peak figure at $1,323 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($1,102 per ton), while the average price for exports to Sri Lanka ($450 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 China (+17.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Cotton Waste (Including Yarn Waste and Garnetted Stock) in Ethiopia

After three years of growth, overseas purchases of cotton waste (including yarn waste and garnetted stock) decreased by -49.9% to 57 tons in 2022. Over the period under review, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 411% against the previous year. As a result, imports attained the peak of 113 tons, and then declined significantly in the following year.

In value terms, imports of cotton waste (including yarn waste and garnetted stock) contracted significantly to $70K in 2022. In general, imports, however, saw significant growth. The growth pace was the most rapid in 2021 when imports increased by 474%. As a result, imports reached the peak of $139K, and then reduced sharply in the following year.

Top Suppliers of Cotton Waste (Including Yarn Waste and Garnetted Stock) to Ethiopia in 2022:

1. India (56.8 tons)

Exports of Cotton Waste (Including Yarn Waste and Garnetted Stock) in Ethiopia

In 2022, shipments abroad of cotton waste (including yarn waste and garnetted stock) was finally on the rise to reach 24 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of cotton waste (including yarn waste and garnetted stock) soared to $12K in 2022. Overall, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Cotton Waste (Including Yarn Waste and Garnetted Stock) from Ethiopia in 2022:

1. Sri Lanka (21.8 tons)
2. Djibouti (1.2 tons)
3. China (1.2 tons)

Source: IndexBox Market Intelligence Platform