Price for Cotton Waste (Including Yarn Waste and Garnetted Stock) in Hong Kong SAR - 2022
Contents:
- Price for Cotton Waste (Including Yarn Waste and Garnetted Stock) in Hong Kong SAR (FOB) - 2022
- Price for Cotton Waste (Including Yarn Waste and Garnetted Stock) in Hong Kong SAR (CIF) - 2022
- Exports of Cotton Waste (Including Yarn Waste and Garnetted Stock) in Hong Kong SAR
- Imports of Cotton Waste (Including Yarn Waste and Garnetted Stock) in Hong Kong SAR
Price for Cotton Waste (Including Yarn Waste and Garnetted Stock) in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for cotton waste (including yarn waste and garnetted stock) amounted to $1,163 per ton, growing by 3.1% against the previous year. Overall, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for cotton waste (including yarn waste and garnetted stock) increased by +90.6% against 2016 indices. The most prominent rate of growth was recorded in 2013 an increase of 26% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($2,115 per ton), while the average price for exports to Thailand ($186 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 China (+1.1%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Cotton Waste (Including Yarn Waste and Garnetted Stock) in Hong Kong SAR (CIF) - 2022
The average import price for cotton waste (including yarn waste and garnetted stock) stood at $1,231 per ton in 2022, with an increase of 3.3% against the previous year. Overall, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for cotton waste (including yarn waste and garnetted stock) increased by +99.7% against 2016 indices. The pace of growth was the most pronounced in 2018 an increase of 55% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Togo ($6,200 per ton), while the price for Taiwan (Chinese) ($198 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+14.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Cotton Waste (Including Yarn Waste and Garnetted Stock) in Hong Kong SAR
In 2022, exports of cotton waste (including yarn waste and garnetted stock) from Hong Kong SAR shrank slightly to 381 tons, approximately equating the previous year. Over the period under review, exports showed a deep setback.
In value terms, exports of cotton waste (including yarn waste and garnetted stock) totaled $443K in 2022. In general, exports recorded a slight setback. The most prominent rate of growth was recorded in 2021 when exports increased by 2% against the previous year.
| Export of Cotton Waste (Including Yarn Waste and Garnetted Stock) in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 375 | 322 | 310 | 291 | -8.1% |
| Germany | 79.9 | 88.9 | 111 | 135 | 19.1% |
| Others | 13.3 | 14.7 | 12.9 | 16.5 | 7.5% |
| Total | 468 | 426 | 434 | 443 | -1.8% |
Top Export Markets for Cotton Waste (Including Yarn Waste and Garnetted Stock) from Hong Kong SAR in 2022:
- China (304.7 tons)
- Germany (63.7 tons)
Imports of Cotton Waste (Including Yarn Waste and Garnetted Stock) in Hong Kong SAR
In 2022, the amount of cotton waste (including yarn waste and garnetted stock) imported into Hong Kong SAR fell slightly to 160 tons, which is down by -3.6% on 2021 figures. In general, imports showed a pronounced slump.
In value terms, imports of cotton waste (including yarn waste and garnetted stock) contracted modestly to $197K in 2022. Overall, imports continue to indicate a relatively flat trend pattern.
| Import of Cotton Waste (Including Yarn Waste and Garnetted Stock) in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Togo | 57.7 | 65.3 | 71.6 | 76.8 | 10.0% |
| Netherlands | 17.5 | 19.5 | 21.0 | 22.1 | 8.1% |
| Lesotho | 13.0 | 14.7 | 16.1 | 17.3 | 10.0% |
| Mexico | 15.1 | 15.8 | 15.9 | 15.8 | 1.5% |
| Russia | 17.7 | 17.2 | 16.1 | 14.8 | -5.8% |
| Bahrain | 11.6 | 11.1 | 10.2 | 9.3 | -7.1% |
| Tunisia | 6.0 | 6.8 | 7.4 | 8.0 | 10.1% |
| Bangladesh | 9.2 | 7.2 | 5.5 | 4.1 | -23.6% |
| India | 9.0 | 7.0 | 5.2 | 3.8 | -25.0% |
| France | 4.9 | 4.6 | 4.1 | 3.6 | -9.8% |
| Uzbekistan | 4.2 | 3.3 | 2.5 | 1.9 | -23.2% |
| Turkmenistan | 1.5 | 1.7 | 1.8 | 1.8 | 6.3% |
| Taiwan (Chinese) | 3.4 | 2.6 | 1.9 | 1.4 | -25.6% |
| Others | 28.4 | 21.7 | 18.1 | 16.2 | -17.1% |
| Total | 199 | 198 | 198 | 197 | -0.3% |
Top Suppliers of Cotton Waste (Including Yarn Waste and Garnetted Stock) to Hong Kong SAR in 2022:
- Lesotho (35.3 tons)
- Tunisia (28.5 tons)
- Mexico (12.9 tons)
- Togo (12.4 tons)
- Bangladesh (10.2 tons)
- Netherlands (7.6 tons)
- Taiwan (Chinese) (7.2 tons)
- India (7.0 tons)
- Uzbekistan (7.0 tons)
- Bahrain (6.7 tons)
- Turkmenistan (5.2 tons)
- Russia (4.7 tons)
- France (3.0 tons)
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