Price for Cotton Waste (Including Yarn Waste and Garnetted Stock) in Thailand - 2024
Contents:
- Price for Cotton Waste (Including Yarn Waste and Garnetted Stock) in Thailand (CIF) - 2024
- Price for Cotton Waste (Including Yarn Waste and Garnetted Stock) in Thailand (FOB) - 2022
- Imports of Cotton Waste (Including Yarn Waste and Garnetted Stock) in Thailand
- Exports of Cotton Waste (Including Yarn Waste and Garnetted Stock) in Thailand
Price for Cotton Waste (Including Yarn Waste and Garnetted Stock) in Thailand (CIF) - 2024
The average import price for cotton waste (including yarn waste and garnetted stock) stood at $1,341 per ton in January 2024, picking up by 2.3% against the previous month. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in March 2023 when the average import price increased by 24% month-to-month. Over the period under review, average import prices hit record highs at $1,705 per ton in October 2023; however, from November 2023 to January 2024, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was the United States ($1,792 per ton), while the price for the Philippines ($578 per ton) was amongst the lowest.
From February 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Vietnam (+4.5%), 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 Thailand (FOB) - 2022
In 2022, the average export price for cotton waste (including yarn waste and garnetted stock) amounted to $701 per ton, with an increase of 12% against the previous year. Overall, the export price, however, continues to indicate a noticeable slump. The pace of growth was the most pronounced in 2019 when the average export price increased by 14% against the previous year. The export price peaked at $1,035 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
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 Japan ($1,610 per ton), while the average price for exports to Malaysia ($388 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 Hong Kong SAR (+29.6%), 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 Thailand
In 2022, purchases abroad of cotton waste (including yarn waste and garnetted stock) decreased by -5.3% to 8.7K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +10.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 21%. As a result, imports reached the peak of 9.2K tons, and then contracted in the following year.
In value terms, imports of cotton waste (including yarn waste and garnetted stock) surged to $12M in 2022. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +17.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.8% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 27%. Over the period under review, imports of reached the maximum in 2022 and are likely to see gradual growth in the immediate term.
| Import of Cotton Waste (Including Yarn Waste and Garnetted Stock) in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 0.6 | 1.5 | 2.6 | 3.5 | 80.0% |
| India | 1.0 | 2.3 | 3.0 | 3.0 | 44.2% |
| United States | 3.0 | 2.1 | 1.6 | 1.5 | -20.6% |
| Vietnam | 0.6 | 0.5 | 0.9 | 1.3 | 29.4% |
| South Korea | 0.1 | 0.7 | 0.8 | 1.2 | 128.9% |
| Philippines | 0.3 | 0.3 | 0.8 | 0.8 | 38.7% |
| Taiwan (Chinese) | 0.5 | 0.6 | 0.4 | 0.4 | -7.2% |
| Others | 1.6 | 0.5 | 0.5 | 0.7 | -24.1% |
| Total | 7.7 | 8.4 | 10.7 | 12.4 | 17.2% |
Top Suppliers of Cotton Waste (Including Yarn Waste and Garnetted Stock) to Thailand in 2022:
- India (2.2K tons)
- Indonesia (2.1K tons)
- United States (0.9K tons)
- Vietnam (0.9K tons)
- Philippines (0.8K tons)
- South Korea (0.7K tons)
- Taiwan (Chinese) (0.4K tons)
Exports of Cotton Waste (Including Yarn Waste and Garnetted Stock) in Thailand
In 2022, the amount of cotton waste (including yarn waste and garnetted stock) exported from Thailand surged to 5.2K tons, jumping by 19% compared with 2021. Over the period under review, exports, however, continue to indicate a slight slump.
In value terms, exports of cotton waste (including yarn waste and garnetted stock) surged to $3.7M in 2022. In general, exports, however, saw a abrupt setback.
| Export of Cotton Waste (Including Yarn Waste and Garnetted Stock) in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 2,007 | 1,395 | 1,643 | 1,282 | -13.9% |
| Japan | 777 | 172 | 258 | 1,029 | 9.8% |
| Malaysia | 689 | 558 | 499 | 755 | 3.1% |
| Pakistan | 177 | 143 | 285 | 531 | 44.2% |
| Myanmar | 382 | 13.8 | 6.9 | 15.9 | -65.3% |
| United Kingdom | 475 | 454 | 14.6 | 15.1 | -68.3% |
| Belgium | 304 | 98.9 | 23.3 | N/A | -72.3% |
| Others | 134 | 149 | 16.2 | 37.0 | -34.9% |
| Total | 4,945 | 2,983 | 2,746 | 3,665 | -9.5% |
Top Export Markets for Cotton Waste (Including Yarn Waste and Garnetted Stock) from Thailand in 2022:
- Malaysia (1944.8 tons)
- Spain (1837.2 tons)
- Pakistan (722.6 tons)
- Japan (639.3 tons)
- United Kingdom (24.6 tons)
- Myanmar (8.1 tons)
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