Price for Cotton Waste (Including Yarn Waste and Garnetted Stock) in India - 2023
Contents:
- Price for Cotton Waste (Including Yarn Waste and Garnetted Stock) in India (FOB) - 2023
- Price for Cotton Waste (Including Yarn Waste and Garnetted Stock) in India (CIF) - 2023
- Exports of Cotton Waste (Including Yarn Waste and Garnetted Stock) in India
- Imports of Cotton Waste (Including Yarn Waste and Garnetted Stock) in India
Price for Cotton Waste (Including Yarn Waste and Garnetted Stock) in India (FOB) - 2023
The average export price for cotton waste (including yarn waste and garnetted stock) stood at $1,367 per ton in November 2023, reducing by -4.9% against the previous month. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in March 2023 when the average export price increased by 9% month-to-month. As a result, the export price reached the peak level of $1,762 per ton. From April 2023 to November 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Germany ($1,515 per ton), while the average price for exports to Nepal ($524 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Nepal (+3.1%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Cotton Waste (Including Yarn Waste and Garnetted Stock) in India (CIF) - 2023
In November 2023, the average import price for cotton waste (including yarn waste and garnetted stock) amounted to $397 per ton, reducing by -7.4% against the previous month. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in June 2023 when the average import price increased by 28% month-to-month. As a result, import price reached the peak level of $553 per ton. From July 2023 to November 2023, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Bangladesh.
From November 2022 to November 2023, the rate of growth in terms of prices for Bangladesh amounted to -0.6% per month.
Exports of Cotton Waste (Including Yarn Waste and Garnetted Stock) in India
In 2022, shipments abroad of cotton waste (including yarn waste and garnetted stock) decreased by -47% to 46K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, saw a buoyant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 99%.
In value terms, exports of cotton waste (including yarn waste and garnetted stock) contracted markedly to $63M in 2022. In general, exports, however, showed prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of 90% against the previous year.
| Export of Cotton Waste (Including Yarn Waste and Garnetted Stock) in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 14.3 | 22.9 | 42.1 | 16.5 | 4.9% |
| Germany | 5.7 | 22.8 | 12.7 | 13.8 | 34.3% |
| Belgium | 5.4 | 12.7 | 9.5 | 9.0 | 18.6% |
| Vietnam | 3.8 | 6.2 | 12.8 | 6.3 | 18.4% |
| Bangladesh | 0.6 | 0.9 | 3.0 | 3.2 | 74.7% |
| Thailand | 0.7 | 2.7 | 2.7 | 2.2 | 46.5% |
| Portugal | 0.9 | 2.2 | 2.3 | 1.5 | 18.6% |
| United States | 1.2 | 2.0 | 3.9 | 1.5 | 7.7% |
| Sweden | N/A | 0.9 | 0.9 | 1.4 | 24.7% |
| France | 0.1 | 1.1 | 1.0 | 1.2 | 128.9% |
| Italy | 0.2 | 1.3 | 2.0 | 1.1 | 76.5% |
| Indonesia | 0.3 | 1.0 | 0.6 | 0.7 | 32.6% |
| Nepal | 0.8 | 0.8 | 1.2 | 0.7 | -4.4% |
| Others | 10.5 | 7.1 | 5.1 | 4.2 | -26.3% |
| Total | 44.5 | 84.6 | 99.7 | 63.4 | 12.5% |
Top Export Markets for Cotton Waste (Including Yarn Waste and Garnetted Stock) from India in 2022:
- Taiwan (Chinese) (11.6K tons)
- Germany (8.9K tons)
- Belgium (6.2K tons)
- Vietnam (3.9K tons)
- Bangladesh (3.5K tons)
- Nepal (1.8K tons)
- Thailand (1.6K tons)
- Portugal (1.1K tons)
- Sweden (1.0K tons)
- France (0.9K tons)
- Italy (0.8K tons)
- United States (0.8K tons)
- Indonesia (0.7K tons)
Imports of Cotton Waste (Including Yarn Waste and Garnetted Stock) in India
In 2022, approx. 59K tons of cotton waste (including yarn waste and garnetted stock) were imported into India; with an increase of 15% compared with 2021. The total import volume increased at an average annual rate of +6.1% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of cotton waste (including yarn waste and garnetted stock) surged to $27M in 2022. The total import value increased at an average annual rate of +5.9% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Cotton Waste (Including Yarn Waste and Garnetted Stock) in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bangladesh | 19.9 | 20.8 | 19.8 | 23.8 | 6.1% |
| Others | 2.4 | 2.5 | 0.8 | 2.7 | 4.0% |
| Total | 22.3 | 23.2 | 20.7 | 26.6 | 6.1% |
Top Suppliers of Cotton Waste (Including Yarn Waste and Garnetted Stock) to India in 2022:
- Bangladesh (56.0K tons)
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