What is the price of cotton per kilogram/pound in Eritrea today?
The retail price range for Eritrea cotton is between US$ 2.38 and US$ 5.33 per kilogram or between US$ 1.08 and US$ 2.42 per pound(lb). Click here to see today's exact prices of cotton in Eritrea
The retail price range in Nakfa for cotton is between ERN 35.73 and ERN 80.03 per kilogram or between ERN 16.20 and ERN 36.29 per pound(lb) in Asmara and Mitsiwa.
Wholesale prices
In 2024, the approximate wholesale price range for Eritrea cotton is between US$ 1.67 and US$ 3.73 per kilogram or between US$ 0.76 and US$ 1.69 per pound(lb).
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Eritrea Cotton Export Prices - Historical, Trends and Prediction
The export price of cotton from Eritrea over the last five years has seen a steady decline. In 2015, the price per kilogram was $1.00, dropping to $0.95 in 2016 and $0.86 in 2017. In 2018, the price per kilogram increased slightly to $0.90, before dropping to its lowest point of $0.52 in 2019. Based on this trend, it is predicted that the export price of cotton from Eritrea in 2023 will be $0.44 and in 2024 will be $0.37.Eritrea Cotton Import Prices - Historical, Trends and Prediction
The import price per kilogram of Cotton into Eritrea over the last five years has seen a steady decline. In 2015, the price was $1.00, dropping to $0.95 in 2016 and further to $0.86 in 2017. In 2018, the price rose slightly to $0.90, before dropping to its lowest point of $0.52 in 2019. Based on this trend, it is likely that the import price of Cotton into Eritrea will continue to decrease in the coming years. We can predict that the import price of Cotton into Eritrea in 2023 will be around $0.40 and in 2024 will be around $0.30.Export values for Eritrea cotton
The total values in export for cotton in Eritrea were US$ 35, US$ 12, US$ 9 and US$ 11 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Eritrea: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of cotton in other countries across Africa: Algeria cotton, Angola cotton, Botswana cotton, Burundi cotton, Cameroon cotton, Cape Verde cotton, Central African Republic cotton, Comoros cotton, DRC Congo cotton & Benin cotton.
Eritrea cotton - Production, Exports, Imports, Seasons and HS Codes
In 2019 Eritrea exported 21 tonnes of cotton. For 2019 alone, the interest in Eritrea cotton (processed category) has escalated, changing by 110 percent compared to the year 2018. Between 2017 and 2019, cotton's exports increased by 50 percent netting Eritrea US$0.01m for the year 2019. Eritrea's cotton exports are categorised as:
- Cotton waste (excluding yarn waste, thread waste and garnetted stock) (HS code 520299)
- Cotton, carded or combed (HS code 520300)
- Garnetted stock of cotton (HS code 520291)
- Cotton linters (HS code 140420)
- Cotton yarn waste, incl. thread waste (HS code 520210)
- Cotton, neither carded nor combed (HS code 520100)
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Eritrea cotton export values
In 2019, Eritrea supplied cotton worth 0.01m USD, an improvement of 11.11% from 2018's total cotton export of 0.009m USD. The yearly growth in value of Eritrea cotton between 2017 to 2018 was -25 percent.
The annual/yearly variation in the quantity of Eritrea's cotton exports between 2017 and 2019 was 50 per cent in comparison to a variation of 110% in the period between 2018 and 2019.
Export markets for Eritrea cotton ( in '000$ )
Eritrea purchased 2 tonnes of cotton in 2019.