Price for Cotton; Yarn Waste (Including Thread Waste) in India - 2023
Contents:
- Price for Cotton; Yarn Waste (Including Thread Waste) in India (CIF) - 2023
- Price for Cotton; Yarn Waste (Including Thread Waste) in India (FOB) - 2023
- Imports of Cotton; Yarn Waste (Including Thread Waste) in India
- Exports of Cotton; Yarn Waste (Including Thread Waste) in India
Price for Cotton; Yarn Waste (Including Thread Waste) in India (CIF) - 2023
In November 2023, the average import price for cotton; yarn waste (including thread waste) amounted to $536 per ton, standing approximately at the previous month. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 an increase of 11% month-to-month. As a result, import price reached the peak level of $577 per ton. From July 2023 to November 2023, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Bangladesh.
From November 2022 to November 2023, the rate of growth in terms of prices for Bangladesh amounted to +0.4% per month.
Price for Cotton; Yarn Waste (Including Thread Waste) in India (FOB) - 2023
In November 2023, the average export price for cotton; yarn waste (including thread waste) amounted to $1,335 per ton, shrinking by -12.6% against the previous month. Overall, the export price saw a mild curtailment. The most prominent rate of growth was recorded in May 2023 when the average export price increased by 87% against the previous month. The export price peaked at $1,874 per ton in January 2023; however, from February 2023 to November 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In November 2023, the country with the highest price was France ($10,947 per ton), while the average price for exports to Nepal ($1,057 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+47.8%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Cotton; Yarn Waste (Including Thread Waste) in India
Imports of cotton; yarn waste (including thread waste) into India amounted to 22K tons in 2022, increasing by 3.4% against the previous year's figure. Over the period under review, imports showed a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of cotton; yarn waste (including thread waste) rose notably to $11M in 2022. The total import value increased at an average annual rate of +1.9% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Cotton; Yarn Waste (Including Thread Waste) in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bangladesh | 10.2 | 9.2 | 10.1 | 10.7 | 1.6% |
| Others | 0.5 | 1.0 | 0.3 | 0.7 | 11.9% |
| Total | 10.7 | 10.2 | 10.4 | 11.3 | 1.8% |
Top Suppliers of Cotton; Yarn Waste (Including Thread Waste) to India in 2022:
- Bangladesh (21.2K tons)
Exports of Cotton; Yarn Waste (Including Thread Waste) in India
In 2022, overseas shipments of cotton; yarn waste (including thread waste) decreased by -44.2% to 958 tons, falling for the second year in a row after two years of growth. Overall, exports recorded a deep reduction. The pace of growth appeared the most rapid in 2020 with an increase of 80% against the previous year. As a result, the exports reached the peak of 2.5K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of cotton; yarn waste (including thread waste) plummeted to $1.4M in 2022. Over the period under review, exports showed a mild slump. The most prominent rate of growth was recorded in 2020 with an increase of 79%. As a result, the exports reached the peak of $2.6M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Cotton; Yarn Waste (Including Thread Waste) in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 710 | 179 | 276 | 498 | -11.2% |
| France | N/A | 185 | N/A | 424 | 51.4% |
| Vietnam | 61.7 | 579 | 1,580 | 283 | 66.2% |
| Kenya | 4.2 | 27.9 | 66.0 | 73.9 | 160.1% |
| South Korea | 77.7 | 35.5 | 53.2 | 39.7 | -20.1% |
| Sri Lanka | 10.6 | 2.2 | 3.9 | 17.0 | 17.1% |
| Germany | N/A | 1,330 | N/A | N/A | 0% |
| Taiwan (Chinese) | 123 | N/A | 73.8 | N/A | -22.5% |
| Pakistan | 126 | N/A | N/A | N/A | 0% |
| Brazil | 169 | 109 | N/A | N/A | -35.5% |
| Others | 160 | 137 | 32.5 | 46.7 | -33.7% |
| Total | 1,443 | 2,584 | 2,086 | 1,382 | -1.4% |
Top Export Markets for Cotton; Yarn Waste (Including Thread Waste) from India in 2022:
- Belgium (344.5 tons)
- France (297.9 tons)
- Vietnam (168.7 tons)
- South Korea (45.0 tons)
- Sri Lanka (31.3 tons)
- Kenya (29.2 tons)
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