Price for Cotton; Yarn Waste (Including Thread Waste) in South Africa - 2024

Contents:

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

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

The average export price for cotton; yarn waste (including thread waste) stood at $1,408 per ton in 2022, increasing by 33% against the previous year. Overall, the export price showed a pronounced increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by 102% against the previous year. As a result, the export price attained the peak level of $5,038 per ton. From 2016 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Swaziland ($2,234 per ton), while the average price for exports to Spain stood at $964 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+26.3%), while the prices for the other major destinations experienced mixed trend patterns.

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

The average import price for cotton; yarn waste (including thread waste) stood at $299 per ton in 2022, declining by -26.5% against the previous year. Overall, the import price faced a sharp shrinkage. The pace of growth was the most pronounced in 2015 when the average import price increased by 249%. The import price peaked at $4,274 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +48.9% per year.

Exports of Cotton; Yarn Waste (Including Thread Waste) in South Africa

In 2022, after three years of growth, there was significant decline in overseas shipments of cotton; yarn waste (including thread waste), when their volume decreased by -8.6% to 48 tons. The total export volume increased at an average annual rate of +3.5% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 11%.

In value terms, exports of cotton; yarn waste (including thread waste) surged to $68K in 2022. In general, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +74.9% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 37%. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in the near future.

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

1. Spain (48.0 tons)

Imports of Cotton; Yarn Waste (Including Thread Waste) in South Africa

In 2022, imports of cotton; yarn waste (including thread waste) into South Africa skyrocketed to 9.9 tons, jumping by 97% against the year before. In general, imports, however, recorded a sharp decrease.

In value terms, imports of cotton; yarn waste (including thread waste) surged to $3K in 2022. Overall, imports, however, saw a sharp decrease.

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

1. Mauritius (9.9 tons)

Source: IndexBox Market Intelligence Platform