Price for Cotton Waste (Including Yarn Waste and Garnetted Stock) in Egypt - 2023

Contents:

1. Price for Cotton Waste (Including Yarn Waste and Garnetted Stock) in Egypt (FOB) - 2023
2. Price for Cotton Waste (Including Yarn Waste and Garnetted Stock) in Egypt (CIF) - 2023
3. Exports of Cotton Waste (Including Yarn Waste and Garnetted Stock) in Egypt
4. Imports of Cotton Waste (Including Yarn Waste and Garnetted Stock) in Egypt

Price for Cotton Waste (Including Yarn Waste and Garnetted Stock) in Egypt (FOB) - 2023

In December 2023, the average export price for cotton waste (including yarn waste and garnetted stock) amounted to $804 per ton, growing by 2.9% against the previous month. Over the period under review, the export price, however, continues to indicate a deep slump. The pace of growth appeared the most rapid in August 2023 an increase of 110% against the previous month. As a result, the export price attained the peak level of $1,691 per ton. From September 2023 to December 2023, the the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In December 2023, the country with the highest price was Italy ($1,647 per ton), while the average price for exports to Saudi Arabia ($674 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (+0.9%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Cotton Waste (Including Yarn Waste and Garnetted Stock) in Egypt (CIF) - 2023

The average import price for cotton waste (including yarn waste and garnetted stock) stood at $952 per ton in December 2023, flattening at the previous month. Over the period under review, the import price showed a mild shrinkage. The pace of growth was the most pronounced in September 2023 when the average import price increased by 0.1% month-to-month. The import price peaked at $1,115 per ton in March 2023; however, from April 2023 to December 2023, import prices remained at a lower figure.

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

From December 2022 to December 2023, the rate of growth in terms of prices for Turkey amounted to -1.3% per month.

Exports of Cotton Waste (Including Yarn Waste and Garnetted Stock) in Egypt

In 2022, approx. 1.5K tons of cotton waste (including yarn waste and garnetted stock) were exported from Egypt; growing by 917% on the year before. Overall, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of cotton waste (including yarn waste and garnetted stock) soared to $1.9M in 2022. In general, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Cotton Waste (Including Yarn Waste and Garnetted Stock) from Egypt in 2022:

1. Saudi Arabia (591.5 tons)
2. India (339.8 tons)
3. Turkey (262.4 tons)
4. Georgia (115.1 tons)
5. Oman (114.9 tons)
6. Italy (40.9 tons)

Imports of Cotton Waste (Including Yarn Waste and Garnetted Stock) in Egypt

After three years of growth, purchases abroad of cotton waste (including yarn waste and garnetted stock) decreased by -51.2% to 868 tons in 2022. Overall, imports, however, saw significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 176% against the previous year. As a result, imports attained the peak of 1.8K tons, and then dropped rapidly in the following year.

In value terms, imports of cotton waste (including yarn waste and garnetted stock) fell notably to $968K in 2022. Over the period under review, imports, however, posted a remarkable increase. The pace of growth appeared the most rapid in 2021 with an increase of 222%. As a result, imports reached the peak of $1.9M, and then reduced dramatically in the following year.

Top Suppliers of Cotton Waste (Including Yarn Waste and Garnetted Stock) to Egypt in 2022:

1. Turkey (865.7 tons)

Source: IndexBox Market Intelligence Platform