Price for Cotton Waste (Including Yarn Waste and Garnetted Stock) in the UK - 2024
Contents:
- Price for Cotton Waste (Including Yarn Waste and Garnetted Stock) in the UK (CIF) - 2024
- Price for Cotton Waste (Including Yarn Waste and Garnetted Stock) in the UK (FOB) - 2022
- Imports of Cotton Waste (Including Yarn Waste and Garnetted Stock) in the UK
- Exports of Cotton Waste (Including Yarn Waste and Garnetted Stock) in the UK
Price for Cotton Waste (Including Yarn Waste and Garnetted Stock) in the UK (CIF) - 2024
The average import price for cotton waste (including yarn waste and garnetted stock) stood at $2,674 per ton in December 2023, with an increase of 108% against the previous month. Overall, the import price posted a buoyant expansion. The pace of growth was the most pronounced in May 2023 when the average import price increased by 126% month-to-month. As a result, import price attained the peak level of $2,770 per ton. From June 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 China ($10,362 per ton), while the price for Belgium ($391 per ton) was amongst the lowest.
From January 2023 to December 2023, the most notable rate of growth in terms of prices was attained by Germany (+8.1%), 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 the UK (FOB) - 2022
In 2022, the average export price for cotton waste (including yarn waste and garnetted stock) amounted to $5,607 per ton, picking up by 42% against the previous year. Overall, the export price continues to indicate prominent growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by 65% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($12,643 per ton), while the average price for exports to Italy ($560 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 Macao SAR (+72.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cotton Waste (Including Yarn Waste and Garnetted Stock) in the UK
In 2022, imports of cotton waste (including yarn waste and garnetted stock) into the UK skyrocketed to 9.1K tons, picking up by 27% compared with the previous year's figure. The total import volume increased at an average annual rate of +8.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained 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 $15M in 2022. Overall, imports enjoyed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Cotton Waste (Including Yarn Waste and Garnetted Stock) in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 0.5 | 2.8 | 2.4 | 5.3 | 119.7% |
| China | 1.3 | 1.0 | 1.3 | 2.3 | 20.9% |
| India | 0.1 | N/A | N/A | 2.2 | 180.2% |
| Pakistan | 0.2 | 0.2 | 0.1 | 1.6 | 100.0% |
| Germany | 1.3 | 0.8 | 1.4 | 1.6 | 7.2% |
| France | 1.9 | 1.4 | 1.6 | 0.9 | -22.0% |
| Belgium | 1.0 | 0.4 | 0.9 | 0.6 | -15.7% |
| Others | 0.6 | 0.1 | N/A | 0.5 | -5.9% |
| Total | 6.9 | 6.7 | 7.8 | 14.8 | 29.0% |
Top Suppliers of Cotton Waste (Including Yarn Waste and Garnetted Stock) to the UK in 2022:
- Turkey (2.8K tons)
- Belgium (1.5K tons)
- India (1.2K tons)
- France (1.2K tons)
- Germany (1.1K tons)
- Pakistan (0.8K tons)
- China (0.3K tons)
Exports of Cotton Waste (Including Yarn Waste and Garnetted Stock) in the UK
Exports of cotton waste (including yarn waste and garnetted stock) from the UK skyrocketed to 56 tons in 2022, growing by 87% against the previous year. Overall, exports, however, continue to indicate a sharp slump.
In value terms, exports of cotton waste (including yarn waste and garnetted stock) skyrocketed to $312K in 2022. In general, exports, however, showed a deep downturn.
| Export of Cotton Waste (Including Yarn Waste and Garnetted Stock) in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | N/A | N/A | 2.9 | 89.1 | 2972.4% |
| Ireland | 4.9 | 0.9 | 33.8 | 80.9 | 154.6% |
| Sri Lanka | 17.1 | 9.2 | 16.2 | 34.4 | 26.2% |
| France | 6.6 | 1.0 | 4.3 | 21.1 | 47.3% |
| Barbados | 20.2 | 16.1 | N/A | 16.4 | -6.7% |
| Antigua and Barbuda | N/A | N/A | 13.9 | 16.3 | 17.3% |
| Jamaica | 38.7 | N/A | N/A | 4.5 | -51.2% |
| Poland | 11.6 | 565 | 5.9 | 2.9 | -37.0% |
| Italy | 10.9 | 13.9 | 4.2 | 1.9 | -44.1% |
| Trinidad and Tobago | 192 | N/A | N/A | N/A | 0% |
| Singapore | 4.9 | N/A | N/A | N/A | 0% |
| Others | 118 | 50.3 | 35.8 | 44.4 | -27.8% |
| Total | 426 | 656 | 117 | 312 | -9.9% |
Top Export Markets for Cotton Waste (Including Yarn Waste and Garnetted Stock) from the UK in 2022:
- Ireland (11.4 tons)
- Macao SAR (8.6 tons)
- France (8.2 tons)
- Barbados (6.7 tons)
- Sri Lanka (6.1 tons)
- Antigua and Barbuda (5.8 tons)
- Italy (3.4 tons)
- Jamaica (1.5 tons)
- Poland (1.3 tons)
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