Price for Cotton; Yarn Waste (Including Thread Waste) in the United States - 2023

Contents:

1. Price for Cotton; Yarn Waste (Including Thread Waste) in the United States (FOB) - 2022
2. Price for Cotton; Yarn Waste (Including Thread Waste) in the United States (CIF) - 2023
3. Exports of Cotton; Yarn Waste (Including Thread Waste) in the United States
4. Imports of Cotton; Yarn Waste (Including Thread Waste) in the United States

Price for Cotton; Yarn Waste (Including Thread Waste) in the United States (FOB) - 2022

In 2022, the average export price for cotton; yarn waste (including thread waste) amounted to $1,010 per ton, increasing by 8.1% against the previous year. Over the period under review, export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for cotton; yarn waste (including thread waste) increased by +81.8% against 2017 indices. The pace of growth appeared the most rapid in 2021 an increase of 42% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($1,447 per ton), while the average price for exports to Italy ($734 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+20.2%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Cotton; Yarn Waste (Including Thread Waste) in the United States (CIF) - 2023

In December 2023, the average import price for cotton; yarn waste (including thread waste) amounted to $714 per ton, waning by -14.8% against the previous month. Over the period under review, the import price showed a slight contraction. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 328% m-o-m. As a result, import price attained the peak level of $2,188 per ton. From May 2023 to December 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Pakistan ($1,935 per ton), while the price for Honduras ($397 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Honduras (0.0%), while the prices for the other major suppliers experienced a decline.

Exports of Cotton; Yarn Waste (Including Thread Waste) in the United States

In 2022, approx. 3.4K tons of cotton; yarn waste (including thread waste) were exported from the United States; which is down by -44.3% against 2021. Overall, exports recorded a deep contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 50% against the previous year. As a result, the exports attained the peak of 6.2K tons, and then contracted sharply in the following year.

In value terms, exports of cotton; yarn waste (including thread waste) plummeted to $3.5M in 2022. Over the period under review, exports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 113%. As a result, the exports reached the peak of $5.8M, and then fell remarkably in the following year.

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

1. Mexico (1829.8 tons)
2. Italy (267.4 tons)
3. Guatemala (243.9 tons)
4. Turkey (228.5 tons)
5. Spain (212.4 tons)
6. Bangladesh (180.7 tons)
7. India (159.5 tons)
8. Brazil (53.8 tons)
9. Portugal (36.7 tons)

Imports of Cotton; Yarn Waste (Including Thread Waste) in the United States

Imports of cotton; yarn waste (including thread waste) into the United States dropped markedly to 421 tons in 2022, with a decrease of -17.7% against the year before. Overall, total imports indicated notable growth from 2019 to 2022: its volume increased at an average annual rate of +4.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +31.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 60%. As a result, imports reached the peak of 512 tons, and then contracted significantly in the following year.

In value terms, imports of cotton; yarn waste (including thread waste) contracted significantly to $295K in 2022. Over the period under review, imports, however, showed prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 128%. As a result, imports reached the peak of $391K, and then fell sharply in the following year.

Top Suppliers of Cotton; Yarn Waste (Including Thread Waste) to the United States in 2022:

1. Turkey (220.7 tons)
2. Mexico (112.0 tons)
3. Pakistan (88.2 tons)

Source: IndexBox Market Intelligence Platform