Price for Cotton; Yarn Waste (Including Thread Waste) in Luxembourg - 2023

Contents:

1. Price for Cotton; Yarn Waste (Including Thread Waste) in Luxembourg (CIF) - 2022
2. Price for Cotton; Yarn Waste (Including Thread Waste) in Luxembourg (FOB) - 2022
3. Imports of Cotton; Yarn Waste (Including Thread Waste) in Luxembourg
4. Exports of Cotton; Yarn Waste (Including Thread Waste) in Luxembourg

Price for Cotton; Yarn Waste (Including Thread Waste) in Luxembourg (CIF) - 2022

In 2022, the average import price for cotton; yarn waste (including thread waste) amounted to $114 per ton, increasing by 6.8% against the previous year. Over the period under review, the import price recorded buoyant growth. The most prominent rate of growth was recorded in 2018 when the average import price increased by 143% against the previous year. As a result, import price attained the peak level of $200 per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($149 per ton), while the price for France totaled $112 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (-1.3%), while the prices for the other major suppliers experienced a decline.

Price for Cotton; Yarn Waste (Including Thread Waste) in Luxembourg (FOB) - 2022

The average export price for cotton; yarn waste (including thread waste) stood at $6,333 per ton in 2022, with an increase of 10% against the previous year. Over the period from 2020 to 2022, it increased at an average annual rate of +10.4%. The most prominent rate of growth was recorded in 2021 an increase of 11% 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.

As there is only one major export destination, the average price level is determined by prices for France.

From 2020 to 2022, the rate of growth in terms of prices for France amounted to +10.4% per year.

Imports of Cotton; Yarn Waste (Including Thread Waste) in Luxembourg

In 2022, imports of cotton; yarn waste (including thread waste) into Luxembourg skyrocketed to 25 tons, picking up by 714% against the previous year. Over the period under review, imports recorded a significant expansion. The growth pace was the most rapid in 2020 with an increase of 1,860%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, imports of cotton; yarn waste (including thread waste) soared to $2.9K in 2022. Overall, imports saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 2,240% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Cotton; Yarn Waste (Including Thread Waste) to Luxembourg in 2022:

1. France (23.8 tons)
2. Germany (1.2 tons)

Exports of Cotton; Yarn Waste (Including Thread Waste) in Luxembourg

After two years of growth, shipments abroad of cotton; yarn waste (including thread waste) decreased by -25% to 6 kg in 2022. Overall, total exports indicated buoyant growth from 2020 to 2022: its volume increased at an average annual rate of +9.5% over the last two-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +20.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 60%. As a result, the exports attained the peak of 8 kg, and then shrank markedly in the following year.

In value terms, exports of cotton; yarn waste (including thread waste) contracted notably to $38 in 2022. Over the period under review, total exports indicated a significant expansion from 2020 to 2022: its value increased at an average annual rate of +20.9% over the last two-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +46.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 77%. As a result, the exports reached the peak of $46, and then contracted remarkably in the following year.

Top Export Markets for Cotton; Yarn Waste (Including Thread Waste) from Luxembourg in 2022:

1. France (6.0 kg)

Source: IndexBox Market Intelligence Platform