Price for Cotton; Yarn Waste (Including Thread Waste) in Pakistan - 2023

Price for Cotton; Yarn Waste (Including Thread Waste) in Pakistan (FOB) - 2023

In July 2023, the average export price for cotton; yarn waste (including thread waste) amounted to $1,169 per ton, jumping by 60% against the previous month. Overall, the export price saw a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In July 2023, the country with the highest price was Malaysia ($1,968 per ton), while the average price for exports to Afghanistan ($96.0 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Cotton; Yarn Waste (Including Thread Waste) in Pakistan (CIF) - 2023

In June 2023, the average import price for cotton; yarn waste (including thread waste) amounted to $1,219 per ton, jumping by 206% against the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $1,422 per ton in July 2022; however, from August 2022 to June 2023, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Turkmenistan.

From June 2022 to June 2023, the rate of growth in terms of prices for Turkmenistan amounted to -0.5% per month.

Exports of Cotton; Yarn Waste (Including Thread Waste) in Pakistan

In 2022, exports of cotton; yarn waste (including thread waste) from Pakistan surged to 14K tons, growing by 115% compared with the previous year's figure. In general, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of cotton; yarn waste (including thread waste) soared to $15M in 2022. Overall, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Cotton; Yarn Waste (Including Thread Waste) in Pakistan (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
France	2.9	2.8	4.2	4.7	17.5%
Taiwan (Chinese)	1.1	0.5	0.5	3.9	52.5%
Italy	0.5	0.7	0.3	1.6	47.4%
Vietnam	0.4	1.0	1.0	1.3	48.1%
Spain	0.2	0.2	0.2	1.1	76.5%
Indonesia	N/A	N/A	0.1	0.8	700.0%
Malaysia	N/A	0.1	0.1	0.5	123.6%
Afghanistan	0.2	0.1	0.1	0.1	-20.6%
Others	1.1	0.7	0.6	1.4	8.4%
Total	6.6	6.1	6.9	15.3	32.3%

Top Export Markets for Cotton; Yarn Waste (Including Thread Waste) from Pakistan in 2022:

Taiwan (Chinese) (3.7K tons)
France (3.6K tons)
Vietnam (1.4K tons)
Italy (1.1K tons)
Spain (1.0K tons)
Malaysia (0.8K tons)
Indonesia (0.6K tons)
Afghanistan (0.2K tons)

Imports of Cotton; Yarn Waste (Including Thread Waste) in Pakistan

In 2022, approx. 3.1K tons of cotton; yarn waste (including thread waste) were imported into Pakistan; increasing by 119% compared with the previous year. In general, imports recorded a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of cotton; yarn waste (including thread waste) surged to $2.6M in 2022. Over the period under review, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Cotton; Yarn Waste (Including Thread Waste) in Pakistan (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Turkey	N/A	35.5	82.1	1,180	476.5%
Turkmenistan	N/A	N/A	N/A	599	0%
Thailand	158	168	395	435	40.2%
Tanzania	155	111	90.5	124	-7.2%
Bahrain	227	264	242	110	-21.5%
China	44.9	N/A	N/A	98.4	29.9%
Romania	N/A	N/A	N/A	47.0	0%
Uzbekistan	N/A	N/A	131	25.1	-80.8%
United States	105	N/A	N/A	13.9	-49.0%
Bangladesh	242	0.4	29.2	N/A	-65.3%
Others	40.2	123	2.9	10.9	-35.3%
Total	972	702	973	2,643	39.6%