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

Contents:

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

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

The average export price for cotton waste (including yarn waste and garnetted stock) stood at $1,532 per ton in 2022, with an increase of 34% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $1,674 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($5,022 per ton), while the average price for exports to Italy ($941 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 the United States (+11.3%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, the average import price for cotton waste (including yarn waste and garnetted stock) amounted to $851 per ton, growing by 5.3% against the previous year. In general, the import price, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2016 when the average import price increased by 31%. As a result, import price attained the peak level of $1,741 per ton. From 2017 to 2022, the average import prices remained at a 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 Argentina ($1,000 per ton), while the price for India ($328 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+19.2%), while the prices for the other major suppliers experienced a decline.

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

In 2022, overseas shipments of cotton waste (including yarn waste and garnetted stock) decreased by -6.8% to 213 tons, falling for the second consecutive year after two years of growth. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +10.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -18.9% against 2020 indices. The growth pace was the most rapid in 2020 when exports increased by 67% against the previous year. As a result, the exports reached the peak of 262 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of cotton waste (including yarn waste and garnetted stock) skyrocketed to $326K in 2022. Overall, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 115% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

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

1. Colombia (123.8 tons)
2. Italy (50.0 tons)
3. Germany (17.8 tons)
4. Venezuela (11.7 tons)
5. Ecuador (5.7 tons)
6. United States (2.6 tons)

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

For the third year in a row, Peru recorded decline in supplies from abroad of cotton waste (including yarn waste and garnetted stock), which decreased by -1% to 24 tons in 2022. Overall, imports continue to indicate a drastic downturn. The smallest decline of -1% was in 2021.

In value terms, imports of cotton waste (including yarn waste and garnetted stock) stood at $21K in 2022. In general, imports saw a deep slump. The most prominent rate of growth was recorded in 2021 when imports increased by 4.4%.

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

1. Chile (21.1 tons)
2. Turkey (1.2 tons)
3. India (1.2 tons)
4. United States (0.9 tons)

Source: IndexBox Market Intelligence Platform