Price for Cotton Waste (Including Yarn Waste and Garnetted Stock) in South Africa - 2024

Contents:

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

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

In 2022, the average import price for cotton waste (including yarn waste and garnetted stock) amounted to $1,659 per ton, rising by 40% against the previous year. Over the period under review, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.1% 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) increased by +74.4% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 China ($4,965 per ton), while the price for Mozambique ($281 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+23.8%), 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 South Africa (FOB) - 2022

The average export price for cotton waste (including yarn waste and garnetted stock) stood at $960 per ton in 2022, falling by -24.8% against the previous year. Over the period under review, the export price showed a noticeable reduction. The growth pace was the most rapid in 2019 an increase of 63% against the previous year. The export price peaked at $1,821 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Swaziland ($2,444 per ton), while the average price for exports to Taiwan (Chinese) ($449 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 Malawi (+9.9%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, supplies from abroad of cotton waste (including yarn waste and garnetted stock) was finally on the rise to reach 565 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, saw a deep reduction.

In value terms, imports of cotton waste (including yarn waste and garnetted stock) soared to $938K in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +9.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. Mauritius (229.8 tons)
2. Pakistan (207.2 tons)
3. India (67.0 tons)
4. Mozambique (22.0 tons)
5. Tanzania (18.0 tons)
6. China (12.2 tons)

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

In 2022, approx. 164 tons of cotton waste (including yarn waste and garnetted stock) were exported from South Africa; picking up by 72% against the previous year. Overall, exports enjoyed a significant increase. As a result, the exports reached 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 $158K in 2022. In general, exports posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 94%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in years to come.

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

1. Taiwan (Chinese) (68.4 tons)
2. Spain (47.9 tons)
3. Namibia (26.2 tons)
4. Zambia (5.3 tons)
5. Angola (3.3 tons)
6. Malawi (2.6 tons)
7. Swaziland (0.2 tons)

Source: IndexBox Market Intelligence Platform