Price for Cotton; Yarn Waste (Including Thread Waste) in Vietnam - 2022
Contents:
- Price for Cotton; Yarn Waste (Including Thread Waste) in Vietnam (FOB) - 2022
- Price for Cotton; Yarn Waste (Including Thread Waste) in Vietnam (CIF) - 2022
- Exports of Cotton; Yarn Waste (Including Thread Waste) in Vietnam
- Imports of Cotton; Yarn Waste (Including Thread Waste) in Vietnam
Price for Cotton; Yarn Waste (Including Thread Waste) in Vietnam (FOB) - 2022
The average export price for cotton; yarn waste (including thread waste) stood at $1,447 per ton in 2022, rising by 28% against the previous year. Overall, the export price recorded a strong expansion. The growth pace was the most rapid in 2018 when the average export price increased by 81%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see steady growth in years to come.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were India ($1,447 per ton) and Indonesia ($1,447 per ton), while the average price for exports to Taiwan (Chinese) ($1,447 per ton) and South Korea ($1,447 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+14.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cotton; Yarn Waste (Including Thread Waste) in Vietnam (CIF) - 2022
In 2022, the average import price for cotton; yarn waste (including thread waste) amounted to $1,201 per ton, increasing by 15% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 18%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.
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 India ($1,676 per ton), while the price for Benin ($208 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Cotton; Yarn Waste (Including Thread Waste) in Vietnam
For the fourth consecutive year, Vietnam recorded growth in shipments abroad of cotton; yarn waste (including thread waste), which increased by 43% to 1K tons in 2022. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 50%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of cotton; yarn waste (including thread waste) skyrocketed to $1.4M in 2022. Over the period under review, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Cotton; Yarn Waste (Including Thread Waste) in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 117 | 289 | 588 | 736 | 84.6% |
| Pakistan | N/A | N/A | N/A | 310 | 0% |
| India | N/A | 20.0 | 101 | 140 | 164.6% |
| Indonesia | 168 | 170 | 94.3 | 97.5 | -16.6% |
| Taiwan (Chinese) | 151 | 157 | 3.7 | 77.8 | -19.8% |
| Brazil | N/A | N/A | N/A | 45.3 | 0% |
| South Korea | N/A | 28.8 | N/A | 41.1 | 19.5% |
| Others | N/A | 28.9 | N/A | N/A | 0% |
| Total | 437 | 694 | 787 | 1,448 | 49.1% |
Top Export Markets for Cotton; Yarn Waste (Including Thread Waste) from Vietnam in 2022:
- Thailand (508.4 tons)
- Pakistan (214.5 tons)
- India (96.6 tons)
- Indonesia (67.4 tons)
- Taiwan (Chinese) (53.8 tons)
- Brazil (31.3 tons)
- South Korea (28.4 tons)
Imports of Cotton; Yarn Waste (Including Thread Waste) in Vietnam
In 2022, approx. 3.4K tons of cotton; yarn waste (including thread waste) were imported into Vietnam; shrinking by -69.6% against the year before. Overall, imports recorded a abrupt slump. The pace of growth appeared the most rapid in 2021 with an increase of 156% against the previous year. As a result, imports reached the peak of 11K tons, and then shrank rapidly in the following year.
In value terms, imports of cotton; yarn waste (including thread waste) fell notably to $4.1M in 2022. In general, imports faced a abrupt descent. The pace of growth appeared the most rapid in 2021 when imports increased by 203%. As a result, imports attained the peak of $12M, and then reduced dramatically in the following year.
| Import of Cotton; Yarn Waste (Including Thread Waste) in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uzbekistan | 4.5 | 2.2 | 6.4 | 2.4 | -18.9% |
| Pakistan | 0.4 | 1.0 | 1.0 | 1.3 | 48.1% |
| India | 0.1 | 0.6 | 1.6 | 0.3 | 44.2% |
| United States | 0.1 | 0.1 | 2.3 | 0.1 | 0.0% |
| Benin | N/A | N/A | N/A | N/A | 0% |
| Madagascar | N/A | N/A | 0.2 | N/A | 0% |
| Others | 0.5 | N/A | 0.1 | N/A | -55.3% |
| Total | 5.6 | 3.8 | 11.6 | 4.1 | -9.9% |
Top Suppliers of Cotton; Yarn Waste (Including Thread Waste) to Vietnam in 2022:
- Uzbekistan (1557.6 tons)
- Pakistan (1387.9 tons)
- Benin (204.8 tons)
- India (168.7 tons)
- United States (79.9 tons)
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