Price for Cotton; Garnetted Stock Waste in the Dominican Republic - 2022

Price for Cotton; Garnetted Stock Waste in the Dominican Republic (CIF) - 2022

In 2022, the average cotton; garnetted stock waste import price amounted to $447 per ton, reducing by -64.9% against the previous year. Over the period under review, the import price recorded a deep reduction. The most prominent rate of growth was recorded in 2016 when the average import price increased by 42%. Over the period under review, average import prices hit record highs at $1,975 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to +14.3% per year.

Price for Cotton; Garnetted Stock Waste in the Dominican Republic (FOB) - 2022

In 2022, the average cotton; garnetted stock waste export price amounted to $554 per ton, which is down by -18.1% against the previous year. Overall, the export price recorded a pronounced slump. The most prominent rate of growth was recorded in 2021 an increase of 56% against the previous year. The export price peaked at $749 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($607 per ton), while the average price for exports to Spain totaled $154 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-5.6%).

Imports of Cotton; Garnetted Stock Waste in the Dominican Republic

After three years of growth, overseas purchases of cotton; garnetted stock waste decreased by -93.1% to 5.2 tons in 2022. Over the period under review, imports faced a precipitous decrease. The pace of growth was the most pronounced in 2020 with an increase of 35%.

In value terms, cotton; garnetted stock waste imports fell significantly to $2.3K in 2022. In general, imports recorded a sharp contraction. The growth pace was the most rapid in 2021 with an increase of 29% against the previous year. As a result, imports attained the peak of $96K, and then declined rapidly in the following year.

Import of Cotton; Garnetted Stock Waste in the Dominican Republic (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	38.1	27.6	2.3	2.3	-60.8%
Spain	1.8	2.6	4.2	N/A	52.8%
China	5.0	14.4	23.7	N/A	117.7%
India	14.1	20.8	35.7	N/A	59.1%
Pakistan	6.7	9.5	30.3	N/A	112.7%
Others	N/A	N/A	0.2	N/A	0%
Total	65.7	74.9	96.4	2.3	-67.3%

Top Suppliers of Cotton; Garnetted Stock Waste to the Dominican Republic in 2022:

United States (5.3 tons)

Exports of Cotton; Garnetted Stock Waste in the Dominican Republic

In 2022, the amount of cotton; garnetted stock waste exported from the Dominican Republic declined to 85 tons, which is down by -5.3% on the year before. Over the period under review, exports continue to indicate a precipitous curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 16% against the previous year.

In value terms, cotton; garnetted stock waste exports dropped rapidly to $47K in 2022. Overall, exports continue to indicate a dramatic decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 81%.