Price for Cotton; Garnetted Stock Waste in Canada - 2023

Contents:

1. Price for Cotton; Garnetted Stock Waste in Canada (CIF) - 2022
2. Price for Cotton; Garnetted Stock Waste in Canada (FOB) - 2022
3. Imports of Cotton; Garnetted Stock Waste in Canada
4. Exports of Cotton; Garnetted Stock Waste in Canada

Price for Cotton; Garnetted Stock Waste in Canada (CIF) - 2022

The average cotton; garnetted stock waste import price stood at $1,229 per ton in 2022, falling by -2.8% against the previous year. In general, the import price recorded a mild shrinkage. The pace of growth was the most pronounced in 2021 when the average import price increased by 8.3% against the previous year. The import price peaked at $1,537 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($1,229 per ton), while the price for France ($1,225 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+0.5%), while the prices for the other major suppliers experienced a decline.

Price for Cotton; Garnetted Stock Waste in Canada (FOB) - 2022

The average cotton; garnetted stock waste export price stood at $529 per ton in 2022, falling by -33.9% against the previous year. Overall, the export price showed a deep downturn. The most prominent rate of growth was recorded in 2021 an increase of 19% against the previous year. Over the period under review, the average export prices hit record highs at $1,071 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, 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 Spain amounted to -4.2% per year.

Imports of Cotton; Garnetted Stock Waste in Canada

In 2022, approx. 131 tons of cotton; garnetted stock waste were imported into Canada; picking up by 6.4% compared with the previous year. The total import volume increased at an average annual rate of +13.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when imports increased by 40% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, cotton; garnetted stock waste imports rose slightly to $161K in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +15.2% 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 +52.8% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 40% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

Top Suppliers of Cotton; Garnetted Stock Waste to Canada in 2022:

1. United States (127.6 tons)
2. Spain (3.5 tons)
3. France (0.1 tons)

Exports of Cotton; Garnetted Stock Waste in Canada

In 2022, overseas shipments of cotton; garnetted stock waste were finally on the rise to reach 37 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a precipitous decrease.

In value terms, cotton; garnetted stock waste exports reduced markedly to $19K in 2022. In general, exports, however, showed a dramatic shrinkage. The smallest decline of -15% was in 2021.

Top Export Markets for Cotton; Garnetted Stock Waste from Canada in 2022:

1. United States (36.6 tons)

Source: IndexBox Market Intelligence Platform