Price for Cotton; Garnetted Stock Waste in South Africa - 2023

Contents:

1. Price for Cotton; Garnetted Stock Waste in South Africa (CIF) - 2022
2. Price for Cotton; Garnetted Stock Waste in South Africa (FOB) - 2022
3. Imports of Cotton; Garnetted Stock Waste in South Africa
4. Exports of Cotton; Garnetted Stock Waste in South Africa

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

In 2022, the average cotton; garnetted stock waste import price amounted to $232 per ton, dropping by -96% against the previous year. In general, the import price continues to indicate a deep reduction. The pace of growth was the most pronounced in 2018 when the average import price increased by 422% against the previous year. Over the period under review, average import prices hit record highs at $7,213 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($1,549 per ton), while the price for Tunisia stood at $201 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+28.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cotton; Garnetted Stock Waste in South Africa (FOB) - 2022

The average cotton; garnetted stock waste export price stood at $314 per ton in 2022, falling by -15.8% against the previous year. Overall, the export price continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2015 an increase of 29% against the previous year. The export price peaked at $1,792 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Mozambique ($1,643 per ton), while the average price for exports to Namibia ($269 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 Angola (+1.1%), while the prices for the other major destinations experienced a decline.

Imports of Cotton; Garnetted Stock Waste in South Africa

In 2022, approx. 6.2 tons of cotton; garnetted stock waste were imported into South Africa; growing by 68,989% compared with the previous year's figure. Over the period under review, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, cotton; garnetted stock waste imports skyrocketed to $1.4K in 2022. In general, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Cotton; Garnetted Stock Waste to South Africa in 2022:

1. Tunisia (6.1 tons)
2. Spain (0.1 tons)

Exports of Cotton; Garnetted Stock Waste in South Africa

After two years of decline, overseas shipments of cotton; garnetted stock waste decreased by -41.9% to 25 kg in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern.

In value terms, cotton; garnetted stock waste exports contracted sharply to $8 in 2022. In general, exports continue to indicate a sharp slump.

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

1. Namibia (24.0 kg)
2. Angola (1.0 kg)

Source: IndexBox Market Intelligence Platform