Price for Cotton; Yarn Waste (Including Thread Waste) in South Korea - 2022
Contents:
- Price for Cotton; Yarn Waste (Including Thread Waste) in South Korea (FOB) - 2022
- Price for Cotton; Yarn Waste (Including Thread Waste) in South Korea (CIF) - 2022
- Exports of Cotton; Yarn Waste (Including Thread Waste) in South Korea
- Imports of Cotton; Yarn Waste (Including Thread Waste) in South Korea
Price for Cotton; Yarn Waste (Including Thread Waste) in South Korea (FOB) - 2022
The average export price for cotton; yarn waste (including thread waste) stood at $545 per ton in 2022, remaining stable against the previous year. Overall, the export price saw a deep reduction. The pace of growth appeared the most rapid in 2017 when the average export price increased by 41%. Over the period under review, the average export prices attained the maximum at $1,351 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
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 Japan ($1,228 per ton), while the average price for exports to Indonesia amounted to $543 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+14.7%), while the prices for the other major destinations experienced a decline.
Price for Cotton; Yarn Waste (Including Thread Waste) in South Korea (CIF) - 2022
The average import price for cotton; yarn waste (including thread waste) stood at $1,171 per ton in 2022, rising by 2.3% against the previous year. Over the period under review, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +3.6% 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; yarn waste (including thread waste) increased by +92.5% against 2020 indices. The growth pace was the most rapid in 2021 when the average import price increased by 88% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($6,000 per ton), while the price for India ($956 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+62.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Cotton; Yarn Waste (Including Thread Waste) in South Korea
In 2022, exports of cotton; yarn waste (including thread waste) from South Korea rose markedly to 616 tons, with an increase of 14% on the previous year's figure. Overall, exports, however, recorded a significant curtailment. The pace of growth was the most pronounced in 2021 when exports increased by 35% against the previous year.
In value terms, exports of cotton; yarn waste (including thread waste) expanded remarkably to $336K in 2022. In general, exports, however, recorded a dramatic setback. The growth pace was the most rapid in 2021 when exports increased by 49% against the previous year.
| Export of Cotton; Yarn Waste (Including Thread Waste) in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 231 | 163 | 294 | 334 | 13.1% |
| Japan | 636 | 33.9 | 0.4 | 0.8 | -89.2% |
| Vietnam | 76.0 | N/A | N/A | N/A | 0% |
| Taiwan (Chinese) | 179 | N/A | N/A | N/A | 0% |
| Others | 22.1 | N/A | N/A | 1.2 | -62.1% |
| Total | 1,145 | 197 | 294 | 336 | -33.5% |
Top Export Markets for Cotton; Yarn Waste (Including Thread Waste) from South Korea in 2022:
- Indonesia (615.3 tons)
- Japan (0.6 tons)
Imports of Cotton; Yarn Waste (Including Thread Waste) in South Korea
In 2022, approx. 98 tons of cotton; yarn waste (including thread waste) were imported into South Korea; rising by 77% on 2021. Over the period under review, imports recorded a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 91%. As a result, imports attained the peak of 99 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of cotton; yarn waste (including thread waste) skyrocketed to $115K in 2022. Overall, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Cotton; Yarn Waste (Including Thread Waste) in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 35.9 | 43.5 | 42.7 | 64.5 | 21.6% |
| Vietnam | N/A | 13.1 | N/A | 41.2 | 77.3% |
| Others | 1.0 | 3.5 | 20.7 | 9.5 | 111.8% |
| Total | 37.0 | 60.0 | 63.5 | 115 | 45.9% |
Top Suppliers of Cotton; Yarn Waste (Including Thread Waste) to South Korea in 2022:
- India (67.5 tons)
- Vietnam (30.6 tons)
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