Price for Cotton Waste (Including Yarn Waste and Garnetted Stock) in Vietnam - 2022
Contents:
- Price for Cotton Waste (Including Yarn Waste and Garnetted Stock) in Vietnam (CIF) - 2022
- Price for Cotton Waste (Including Yarn Waste and Garnetted Stock) in Vietnam (FOB) - 2022
- Imports of Cotton Waste (Including Yarn Waste and Garnetted Stock) in Vietnam
- Exports of Cotton Waste (Including Yarn Waste and Garnetted Stock) in Vietnam
Price for Cotton Waste (Including Yarn Waste and Garnetted Stock) in Vietnam (CIF) - 2022
In 2022, the average import price for cotton waste (including yarn waste and garnetted stock) amounted to $1,372 per ton, surging by 28% against the previous year. In general, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.5% 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 +99.7% against 2015 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($1,791 per ton), while the price for Benin ($441 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+18.5%), 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 Vietnam (FOB) - 2022
The average export price for cotton waste (including yarn waste and garnetted stock) stood at $1,591 per ton in December 2022, falling by -3.2% against the previous month. Over the period from December 2021 to December 2022, it increased at an average monthly rate of +2.1%. The most prominent rate of growth was recorded in January 2022 when the average export price increased by 33% month-to-month. The export price peaked at $1,652 per ton in June 2022; however, from July 2022 to December 2022, the export prices remained at a lower figure.
Average prices varied somewhat for the major export markets. In December 2022, the highest price was recorded for prices to Japan ($1,670 per ton) and Thailand ($1,670 per ton), while the average price for exports to South Korea ($1,126 per ton) and Pakistan ($1,572 per ton) were amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+3.2%), 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 Vietnam
In 2022, imports of cotton waste (including yarn waste and garnetted stock) into Vietnam reduced dramatically to 13K tons, falling by -50.2% against the year before. Overall, imports saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 76% against the previous year. As a result, imports attained the peak of 26K tons, and then shrank markedly in the following year.
In value terms, imports of cotton waste (including yarn waste and garnetted stock) declined markedly to $18M in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 107%. As a result, imports attained the peak of $28M, and then contracted remarkably in the following year.
| Import of Cotton Waste (Including Yarn Waste and Garnetted Stock) in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 3.8 | 6.2 | 12.8 | 6.3 | 18.4% |
| Nigeria | N/A | N/A | N/A | 4.4 | 0% |
| Uzbekistan | 4.5 | 2.2 | 6.6 | 2.4 | -18.9% |
| Pakistan | 2.3 | 1.8 | 2.4 | 2.2 | -1.5% |
| Italy | 0.8 | 0.4 | 0.4 | 0.8 | 0.0% |
| Benin | 0.2 | 0.2 | 0.4 | 0.6 | 44.2% |
| Indonesia | 2.6 | 0.9 | 1.5 | 0.5 | -42.3% |
| Cote d'Ivoire | 0.3 | 0.9 | 0.3 | 0.4 | 10.1% |
| United States | 0.2 | 0.2 | 2.4 | 0.3 | 14.5% |
| South Korea | 0.5 | 0.1 | 0.7 | 0.1 | -41.5% |
| Turkey | 1.5 | 0.3 | 0.3 | N/A | -55.3% |
| Others | 0.9 | 0.5 | 0.4 | 0.2 | -39.4% |
| Total | 17.6 | 13.6 | 28.2 | 18.0 | 0.8% |
Top Suppliers of Cotton Waste (Including Yarn Waste and Garnetted Stock) to Vietnam in 2022:
- India (3.5K tons)
- Nigeria (3.1K tons)
- Pakistan (1.7K tons)
- Uzbekistan (1.4K tons)
- Benin (1.3K tons)
- Italy (0.6K tons)
- Indonesia (0.6K tons)
- Cote d'Ivoire (0.5K tons)
- United States (0.2K tons)
- South Korea (0.1K tons)
Exports of Cotton Waste (Including Yarn Waste and Garnetted Stock) in Vietnam
For the third year in a row, Vietnam recorded decline in shipments abroad of cotton waste (including yarn waste and garnetted stock), which decreased by -26.9% to 4.5K tons in 2022. Over the period under review, exports faced a dramatic decrease. The smallest decline of -26.6% was in 2021.
In value terms, exports of cotton waste (including yarn waste and garnetted stock) shrank to $7.2M in 2022. Overall, exports faced a significant decrease.
| Export of Cotton Waste (Including Yarn Waste and Garnetted Stock) in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 2.3 | 2.5 | 2.8 | 3.2 | 11.6% |
| Thailand | 4.1 | 2.5 | 2.1 | 1.9 | -22.6% |
| Pakistan | 0.1 | N/A | 0.2 | 0.6 | 81.7% |
| United States | N/A | N/A | N/A | 0.5 | 0% |
| Malaysia | 0.6 | 0.4 | 1.0 | 0.5 | -5.9% |
| Taiwan (Chinese) | 7.7 | 1.4 | 1.2 | 0.2 | -70.4% |
| India | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| South Korea | N/A | 0.8 | N/A | 0.1 | -64.6% |
| Netherlands | 1.0 | 2.6 | N/A | N/A | 160.0% |
| Others | 0.2 | 0.3 | 0.2 | 0.2 | 0.0% |
| Total | 16.2 | 10.7 | 7.7 | 7.2 | -23.7% |
Top Export Markets for Cotton Waste (Including Yarn Waste and Garnetted Stock) from Vietnam in 2022:
- Japan (1926.3 tons)
- Thailand (1222.2 tons)
- Pakistan (359.7 tons)
- Malaysia (302.7 tons)
- United States (270.3 tons)
- Taiwan (Chinese) (111.6 tons)
- India (96.6 tons)
- South Korea (44.4 tons)
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