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

Contents:

1. Price for Cotton; Yarn Waste (Including Thread Waste) in Singapore (CIF) - 2022
2. Price for Cotton; Yarn Waste (Including Thread Waste) in Singapore (FOB) - 2022
3. Imports of Cotton; Yarn Waste (Including Thread Waste) in Singapore
4. Exports of Cotton; Yarn Waste (Including Thread Waste) in Singapore

Price for Cotton; Yarn Waste (Including Thread Waste) in Singapore (CIF) - 2022

The average import price for cotton; yarn waste (including thread waste) stood at $704 per ton in 2022, surging by 6.2% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 39% against the previous year. The import price peaked at $891 per ton in 2015; however, from 2016 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 China ($2,000 per ton), while the price for Pakistan amounted to $704 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.6%), while the prices for the other major suppliers experienced a decline.

Price for Cotton; Yarn Waste (Including Thread Waste) in Singapore (FOB) - 2022

In 2022, the average export price for cotton; yarn waste (including thread waste) amounted to $23,500 per ton, approximately equating the previous year. In general, the export price saw significant growth. The most prominent rate of growth was recorded in 2019 when the average export price increased by 252% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Denmark ($46,333 per ton), while the average price for exports to Sri Lanka totaled $667 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+37.7%).

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

In 2022, purchases abroad of cotton; yarn waste (including thread waste) decreased by -92% to 19 tons, falling for the second year in a row after two years of growth. In general, imports showed a sharp decline. The pace of growth appeared the most rapid in 2020 when imports increased by 72% against the previous year. As a result, imports attained the peak of 264 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of cotton; yarn waste (including thread waste) dropped remarkably to $13K in 2022. Overall, imports recorded a precipitous curtailment. The growth pace was the most rapid in 2020 with an increase of 44% against the previous year. As a result, imports reached the peak of $160K. From 2021 to 2022, the growth of imports of remained at a lower figure.

Top Suppliers of Cotton; Yarn Waste (Including Thread Waste) to Singapore in 2022:

1. Pakistan (18.6 tons)

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

In 2022, approx. 6 kg of cotton; yarn waste (including thread waste) were exported from Singapore; flattening at the previous year's figure. Overall, exports continue to indicate a sharp setback. The smallest decline of -93.5% was in 2020.

In value terms, exports of cotton; yarn waste (including thread waste) amounted to $141 in 2022. Over the period under review, exports recorded a abrupt downturn. The smallest decline of -88.8% was in 2020.

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

1. Sri Lanka (3.0 kg)
2. Denmark (3.0 kg)

Source: IndexBox Market Intelligence Platform