Price for Cotton Waste (Including Yarn Waste and Garnetted Stock) in Tanzania - 2023
Contents:
- Price for Cotton Waste (Including Yarn Waste and Garnetted Stock) in Tanzania (FOB) - 2022
- Price for Cotton Waste (Including Yarn Waste and Garnetted Stock) in Tanzania (CIF) - 2022
- Exports of Cotton Waste (Including Yarn Waste and Garnetted Stock) in Tanzania
- Imports of Cotton Waste (Including Yarn Waste and Garnetted Stock) in Tanzania
Price for Cotton Waste (Including Yarn Waste and Garnetted Stock) in Tanzania (FOB) - 2022
The average export price for cotton waste (including yarn waste and garnetted stock) stood at $1,000 per ton in 2022, growing by 16% against the previous year. In general, the export price showed a temperate increase. The most prominent rate of growth was recorded in 2020 an increase of 75%. The export price peaked in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($1,669 per ton), while the average price for exports to India ($545 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 Spain (+9.0%), 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 Tanzania (CIF) - 2022
The average import price for cotton waste (including yarn waste and garnetted stock) stood at $553 per ton in 2022, falling by -32.4% against the previous year. Over the period under review, the import price continues to indicate a deep slump. The pace of growth appeared the most rapid in 2014 an increase of 275% against the previous year. The import price peaked at $2,173 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Pakistan ($1,639 per ton), while the price for the United Arab Emirates ($156 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+6.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Cotton Waste (Including Yarn Waste and Garnetted Stock) in Tanzania
In 2022, approx. 1.5K tons of cotton waste (including yarn waste and garnetted stock) were exported from Tanzania; growing by 6.3% on 2021. Over the period under review, exports, however, saw a sharp downturn.
In value terms, exports of cotton waste (including yarn waste and garnetted stock) surged to $1.5M in 2022. The total export value increased at an average annual rate of +1.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Cotton Waste (Including Yarn Waste and Garnetted Stock) in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 79.7 | 407 | 415 | 609 | 97.0% |
| Kenya | 413 | 289 | 463 | 439 | 2.1% |
| Pakistan | 195 | 111 | 185 | 165 | -5.4% |
| India | 174 | 102 | 66.0 | 115 | -12.9% |
| Nepal | N/A | N/A | N/A | 19.9 | 0% |
| Spain | N/A | 11.5 | 12.9 | 18.6 | 27.2% |
| South Africa | 39.8 | 85.1 | 17.5 | 18.2 | -23.0% |
| China | 393 | 10.0 | N/A | N/A | -97.5% |
| Portugal | 55.2 | 17.8 | 73.7 | N/A | 15.5% |
| Others | 97.3 | N/A | N/A | 131 | 10.4% |
| Total | 1,447 | 1,032 | 1,233 | 1,517 | 1.6% |
Top Export Markets for Cotton Waste (Including Yarn Waste and Garnetted Stock) from Tanzania in 2022:
- Kenya (497.3 tons)
- Switzerland (365.1 tons)
- Pakistan (302.8 tons)
- India (211.4 tons)
- Nepal (23.8 tons)
- Spain (23.2 tons)
- South Africa (22.8 tons)
Imports of Cotton Waste (Including Yarn Waste and Garnetted Stock) in Tanzania
In 2022, imports of cotton waste (including yarn waste and garnetted stock) into Tanzania reduced rapidly to 9.2 tons, with a decrease of -32.9% against 2021 figures. In general, imports, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2021 with an increase of 669% against the previous year. As a result, imports attained the peak of 14 tons, and then dropped markedly in the following year.
In value terms, imports of cotton waste (including yarn waste and garnetted stock) fell significantly to $5.1K in 2022. Overall, imports recorded a slight decline. The pace of growth was the most pronounced in 2021 when imports increased by 759% against the previous year. As a result, imports reached the peak of $11K, and then reduced rapidly in the following year.
| Import of Cotton Waste (Including Yarn Waste and Garnetted Stock) in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 4.0 | N/A | 6.5 | 2.4 | -15.7% |
| India | 0.6 | 1.2 | 0.8 | 1.6 | 38.7% |
| United Arab Emirates | 0.2 | N/A | N/A | 0.8 | 58.7% |
| Pakistan | 0.5 | N/A | N/A | 0.2 | -26.3% |
| China | 0.1 | 0.1 | 3.9 | N/A | 524.5% |
| Others | N/A | N/A | 0.1 | N/A | 0% |
| Total | 5.3 | 1.3 | 11.2 | 5.1 | -1.3% |
Top Suppliers of Cotton Waste (Including Yarn Waste and Garnetted Stock) to Tanzania in 2022:
- United Arab Emirates (5.2 tons)
- India (2.2 tons)
- Turkey (1.6 tons)
- Pakistan (0.1 tons)
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