Price for Cotton Waste (Including Yarn Waste and Garnetted Stock) in Ireland - 2023

Contents:

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

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

In 2022, the average import price for cotton waste (including yarn waste and garnetted stock) amounted to $11,680 per ton, declining by -2.2% against the previous year. In general, the import price, however, saw a resilient expansion. The pace of growth appeared the most rapid in 2021 an increase of 110% against the previous year. As a result, import price reached the peak level of $11,937 per ton, and then reduced modestly in the following year.

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 Pakistan ($17,192 per ton), while the price for Germany ($1,993 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+45.4%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for cotton waste (including yarn waste and garnetted stock) stood at $2,161 per ton in 2022, jumping by 31% against the previous year. In general, the export price, however, continues to indicate a perceptible decrease. The export price peaked at $6,375 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the UK.

From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to +717.7% per year.

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

For the fourth consecutive year, Ireland recorded growth in overseas purchases of cotton waste (including yarn waste and garnetted stock), which increased by 119% to 28 tons in 2022. Overall, imports posted a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 801% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, imports of cotton waste (including yarn waste and garnetted stock) soared to $330K in 2022. In general, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 1,793%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

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

1. China (9.2 tons)
2. South Korea (8.4 tons)
3. United Kingdom (4.0 tons)
4. Germany (1.5 tons)

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

In 2022, shipments abroad of cotton waste (including yarn waste and garnetted stock) decreased by -95.9% to 137 kg for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports recorded a precipitous setback.

In value terms, exports of cotton waste (including yarn waste and garnetted stock) reduced notably to $296 in 2022. Overall, exports faced a significant decline.

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

1. United Kingdom (2.0 kg)

Source: IndexBox Market Intelligence Platform