Price for Cotton Waste (Including Yarn Waste and Garnetted Stock) in Colombia - 2022
Contents:
- Price for Cotton Waste (Including Yarn Waste and Garnetted Stock) in Colombia (CIF) - 2022
- Price for Cotton Waste (Including Yarn Waste and Garnetted Stock) in Colombia (FOB) - 2022
- Imports of Cotton Waste (Including Yarn Waste and Garnetted Stock) in Colombia
- Exports of Cotton Waste (Including Yarn Waste and Garnetted Stock) in Colombia
Price for Cotton Waste (Including Yarn Waste and Garnetted Stock) in Colombia (CIF) - 2022
The average import price for cotton waste (including yarn waste and garnetted stock) stood at $1,471 per ton in 2022, picking up by 6.8% against the previous year. In general, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for cotton waste (including yarn waste and garnetted stock) increased by +98.2% against 2016 indices. The most prominent rate of growth was recorded in 2017 an increase of 39% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($1,894 per ton), while the price for Spain ($593 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+18.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cotton Waste (Including Yarn Waste and Garnetted Stock) in Colombia (FOB) - 2022
The average export price for cotton waste (including yarn waste and garnetted stock) stood at $774 per ton in 2022, which is down by -1.7% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average export price increased by 75%. Over the period under review, the average export prices hit record highs at $1,115 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($16,909 per ton), while the average price for exports to Venezuela ($351 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 Guatemala (+10.6%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Cotton Waste (Including Yarn Waste and Garnetted Stock) in Colombia
In 2022, purchases abroad of cotton waste (including yarn waste and garnetted stock) decreased by -48.5% to 210 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports recorded a significant curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 89% against the previous year. As a result, imports attained the peak of 893 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of cotton waste (including yarn waste and garnetted stock) shrank rapidly to $308K in 2022. In general, imports recorded a sharp shrinkage. The pace of growth appeared the most rapid in 2020 when imports increased by 81%. As a result, imports attained the peak of $1.2M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Cotton Waste (Including Yarn Waste and Garnetted Stock) in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | 111 | 366 | 215 | 164 | 13.9% |
| Pakistan | 143 | 150 | 68.4 | 51.6 | -28.8% |
| India | 306 | 364 | 55.5 | 50.1 | -45.3% |
| United States | 31.4 | 183 | 104 | 12.8 | -25.9% |
| Spain | 5.5 | 22.2 | 27.7 | 11.0 | 26.0% |
| Brazil | 27.8 | 49.8 | 56.3 | 6.0 | -40.0% |
| Mexico | 12.8 | 18.8 | 17.5 | 5.2 | -25.9% |
| Belgium | 8.9 | 13.5 | 13.0 | 4.0 | -23.4% |
| Others | 1.2 | 7.9 | 3.4 | 3.6 | 44.2% |
| Total | 648 | 1,175 | 561 | 308 | -22.0% |
Top Suppliers of Cotton Waste (Including Yarn Waste and Garnetted Stock) to Colombia in 2022:
- Peru (95.9 tons)
- Pakistan (29.5 tons)
- India (26.4 tons)
- Spain (18.5 tons)
- United States (17.1 tons)
- Mexico (6.7 tons)
- Belgium (6.5 tons)
- Brazil (3.0 tons)
Exports of Cotton Waste (Including Yarn Waste and Garnetted Stock) in Colombia
In 2022, shipments abroad of cotton waste (including yarn waste and garnetted stock) decreased by -14.5% to 85 tons, falling for the second consecutive year after two years of growth. Overall, total exports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +15.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -24.2% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 104%. As a result, the exports attained the peak of 112 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of cotton waste (including yarn waste and garnetted stock) contracted dramatically to $66K in 2022. Over the period under review, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 257%. As a result, the exports reached the peak of $80K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Cotton Waste (Including Yarn Waste and Garnetted Stock) in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | N/A | N/A | N/A | 23.1 | 0% |
| Ecuador | 12.6 | 1.4 | 1.2 | 21.8 | 20.0% |
| Venezuela | 9.8 | 1.2 | 1.1 | 20.8 | 28.5% |
| Guatemala | N/A | 77.6 | 75.9 | N/A | -2.2% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 22.5 | 80.2 | 78.2 | 65.7 | 42.9% |
Top Export Markets for Cotton Waste (Including Yarn Waste and Garnetted Stock) from Colombia in 2022:
- Venezuela (59.2 tons)
- Ecuador (24.3 tons)
- Netherlands (1.4 tons)
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