Price for Cotton; Garnetted Stock Waste in Thailand - 2023

Price for Cotton; Garnetted Stock Waste in Thailand (FOB) - 2023

In September 2023, the average cotton; garnetted stock waste export price amounted to $695 per ton, dropping by -5.8% against the previous month. In general, the export price recorded a perceptible slump. The most prominent rate of growth was recorded in November 2022 an increase of 67% m-o-m. Over the period under review, the average export prices hit record highs at $904 per ton in September 2022; however, from October 2022 to September 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In September 2023, the country with the highest price was Spain ($801 per ton), while the average price for exports to Malaysia ($434 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+1.4%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Cotton; Garnetted Stock Waste in Thailand (CIF) - 2022

In 2022, the average cotton; garnetted stock waste import price amounted to $1,019 per ton, growing by 19% against the previous year. Overall, the import price enjoyed slight growth. The pace of growth was the most pronounced in 2017 when the average import price increased by 64% against the previous year. Over the period under review, average import prices hit record highs at $1,247 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($1,250 per ton), while the price for Vietnam amounted to $998 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Cotton; Garnetted Stock Waste in Thailand

Cotton; garnetted stock waste exports from Thailand rose slightly to 4.1K tons in 2022, growing by 2.4% on 2021. In general, exports, however, saw a perceptible contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 17% against the previous year.

In value terms, cotton; garnetted stock waste exports surged to $3.1M in 2022. Over the period under review, exports, however, saw a abrupt slump.

Export of Cotton; Garnetted Stock Waste in Thailand (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Spain	2,191	1,395	1,643	1,282	-16.4%
Japan	848	172	258	1,029	6.7%
Malaysia	588	505	499	603	0.8%
Pakistan	61.6	81.4	165	161	37.7%
Others	38.5	N/A	N/A	0.7	-73.7%
Total	3,727	2,153	2,565	3,076	-6.2%

Top Export Markets for Cotton; Garnetted Stock Waste from Thailand in 2022:

Spain (1848.0 tons)
Malaysia (1417.8 tons)
Japan (643.1 tons)
Pakistan (227.3 tons)

Imports of Cotton; Garnetted Stock Waste in Thailand

In 2022, supplies from abroad of cotton; garnetted stock waste decreased by -61.5% to 254 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 1,578% against the previous year.

In value terms, cotton; garnetted stock waste imports contracted significantly to $259K in 2022. Overall, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 1,526% against the previous year.