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

Contents:

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

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

In 2022, the average export price for cotton waste (including yarn waste and garnetted stock) amounted to $1,307 per ton, picking up by 11% against the previous year. Overall, the export price enjoyed resilient growth. The pace of growth was the most pronounced in 2019 an increase of 130%. As a result, the export price reached the peak level of $2,356 per ton. From 2020 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($1,521 per ton), while the average price for exports to France ($376 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 Belgium (+17.3%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for cotton waste (including yarn waste and garnetted stock) stood at $1,544 per ton in 2022, approximately mirroring the previous year. Over the period under review, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for cotton waste (including yarn waste and garnetted stock) decreased by -0.0% against 2020 indices. The pace of growth appeared the most rapid in 2020 an increase of 98%. As a result, import price reached the peak level of $1,545 per ton; afterwards, it flattened through to 2022.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($1,997 per ton), while the price for Spain ($1,145 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, after three years of growth, there was significant decline in shipments abroad of cotton waste (including yarn waste and garnetted stock), when their volume decreased by -50.4% to 54 tons. Over the period under review, exports, however, enjoyed a strong expansion. The pace of growth was the most pronounced in 2020 when exports increased by 77% against the previous year.

In value terms, exports of cotton waste (including yarn waste and garnetted stock) reduced markedly to $71K in 2022. Overall, exports saw a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 15% against the previous year. As a result, the exports reached the peak of $129K, and then contracted remarkably in the following year.

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

1. Netherlands (28.1 tons)
2. Belgium (22.6 tons)
3. France (2.1 tons)

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

In 2022, after three years of growth, there was significant decline in supplies from abroad of cotton waste (including yarn waste and garnetted stock), when their volume decreased by -71.3% to 29 tons. Over the period under review, imports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2021 when imports increased by 197% against the previous year. As a result, imports attained the peak of 100 tons, and then shrank notably in the following year.

In value terms, imports of cotton waste (including yarn waste and garnetted stock) declined notably to $44K in 2022. In general, imports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 345%.

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

1. France (16.5 tons)
2. Spain (11.1 tons)
3. India (0.9 tons)

Source: IndexBox Market Intelligence Platform