Price for Cotton Waste (Including Yarn Waste and Garnetted Stock) in Sri Lanka - 2022
Contents:
- Price for Cotton Waste (Including Yarn Waste and Garnetted Stock) in Sri Lanka (CIF) - 2022
- Price for Cotton Waste (Including Yarn Waste and Garnetted Stock) in Sri Lanka (FOB) - 2022
- Imports of Cotton Waste (Including Yarn Waste and Garnetted Stock) in Sri Lanka
- Exports of Cotton Waste (Including Yarn Waste and Garnetted Stock) in Sri Lanka
Price for Cotton Waste (Including Yarn Waste and Garnetted Stock) in Sri Lanka (CIF) - 2022
The average import price for cotton waste (including yarn waste and garnetted stock) stood at $688 per ton in 2022, declining by -34% against the previous year. Overall, the import price, however, showed temperate growth. The most prominent rate of growth was recorded in 2016 when the average import price increased by 92% against the previous year. Over the period under review, average import prices hit record highs at $1,128 per ton in 2018; however, from 2019 to 2022, 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 Pakistan ($1,136 per ton), while the price for Ethiopia ($450 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+2.5%), while the prices for the other major suppliers experienced a decline.
Price for Cotton Waste (Including Yarn Waste and Garnetted Stock) in Sri Lanka (FOB) - 2022
The average export price for cotton waste (including yarn waste and garnetted stock) stood at $422 per ton in 2022, dropping by -10% against the previous year. Overall, export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for cotton waste (including yarn waste and garnetted stock) decreased by -27.4% against 2018 indices. The growth pace was the most rapid in 2013 when the average export price increased by 61% against the previous year. Over the period under review, the average export prices attained the maximum at $581 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Maldives ($1,521 per ton), while the average price for exports to Myanmar ($207 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 Australia (+296.6%), 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 Sri Lanka
In 2022, supplies from abroad of cotton waste (including yarn waste and garnetted stock) decreased by -13% to 416 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports recorded a perceptible contraction. The most prominent rate of growth was recorded in 2020 with an increase of 6.4% against the previous year. As a result, imports attained the peak of 484 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of cotton waste (including yarn waste and garnetted stock) contracted markedly to $286K in 2022. Overall, imports recorded a pronounced descent. The pace of growth was the most pronounced in 2020 with an increase of 47%.
| Import of Cotton Waste (Including Yarn Waste and Garnetted Stock) in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Pakistan | 244 | 279 | 351 | 156 | -13.9% |
| India | 65.2 | 86.8 | 62.0 | 86.5 | 9.9% |
| United Kingdom | 17.1 | 9.2 | 16.2 | 34.4 | 26.2% |
| Ethiopia | N/A | N/A | N/A | 9.8 | 0% |
| Indonesia | N/A | 82.4 | 49.9 | N/A | -39.4% |
| Others | N/A | 21.2 | 19.5 | N/A | -8.0% |
| Total | 326 | 478 | 499 | 286 | -4.3% |
Top Suppliers of Cotton Waste (Including Yarn Waste and Garnetted Stock) to Sri Lanka in 2022:
- India (186.5 tons)
- Pakistan (137.0 tons)
- United Kingdom (71.1 tons)
- Ethiopia (21.8 tons)
Exports of Cotton Waste (Including Yarn Waste and Garnetted Stock) in Sri Lanka
In 2022, the amount of cotton waste (including yarn waste and garnetted stock) exported from Sri Lanka plummeted to 240 tons, which is down by -28.3% against the year before. Overall, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 231%. As a result, the exports attained the peak of 335 tons, and then declined dramatically in the following year.
In value terms, exports of cotton waste (including yarn waste and garnetted stock) shrank markedly to $101K in 2022. Over the period under review, exports showed a abrupt slump. The growth pace was the most rapid in 2021 with an increase of 206%.
| Export of Cotton Waste (Including Yarn Waste and Garnetted Stock) in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 17.3 | N/A | 22.2 | 49.0 | 41.5% |
| Maldives | 24.3 | N/A | 43.2 | 30.5 | 7.9% |
| Myanmar | N/A | 1.9 | 7.3 | 9.6 | 124.8% |
| United Kingdom | 15.8 | 8.5 | 7.1 | 4.2 | -35.7% |
| India | 67.6 | 12.1 | N/A | 0.6 | -79.3% |
| Spain | 11.3 | 10.8 | 58.0 | N/A | 126.6% |
| Oman | 21.8 | 8.9 | 10.2 | N/A | -31.6% |
| Others | 8.7 | 9.0 | 8.9 | 7.2 | -6.1% |
| Total | 167 | 51.2 | 157 | 101 | -15.4% |
Top Export Markets for Cotton Waste (Including Yarn Waste and Garnetted Stock) from Sri Lanka in 2022:
- Malaysia (162.3 tons)
- Myanmar (46.4 tons)
- Maldives (20.1 tons)
- United Kingdom (6.2 tons)
- India (1.0 tons)
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