What is the price of cotton per kilogram/pound in Guinea today?
The retail price range for Guinea cotton is between US$ 4.79 and US$ 7.66 per kilogram or between US$ 2.17 and US$ 3.47 per pound(lb). Click here to see today's exact prices of cotton in Guinea
The retail price range in Guinean Franc for cotton is between XOF 2,990.63 and XOF 4,785.00 per kilogram or between XOF 1,356.29 and XOF 2,170.07 per pound(lb) in Conakry and Guéckédou (Guékédou).
Wholesale prices
In 2024, the approximate wholesale price range for Guinea cotton is between US$ 3.35 and US$ 5.36 per kilogram or between US$ 1.52 and US$ 2.43 per pound(lb).
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Guinea Cotton Export Prices - Historical, Trends and Prediction
The export price per kilogram of Cotton from Guinea over the last five years has been quite varied. In 2016, the price was at its highest at 29.37 US dollars per kilogram. This was followed by a sharp decline in 2017 to 0.00 US dollars per kilogram. The price then remained at 0.00 US dollars per kilogram for the next three years. Looking ahead, it is likely that the export price of Cotton from Guinea will remain at 0.00 US dollars per kilogram for 2023 and 2024.The cotton exports from Guinea are categorised as:
- Cotton yarn waste, incl. thread waste (HS code 520210)
- Cotton, carded or combed (HS code 520300)
- Garnetted stock of cotton (HS code 520291)
- Cotton linters (HS code 140420)
- Cotton, neither carded nor combed (HS code 520100)
- Cotton waste (excluding yarn waste, thread waste and garnetted stock) (HS code 520299)
Guinea Cotton Import Prices - Historical, Trends and Prediction
The import price per kilogram of Cotton into Guinea over the last five years has been quite volatile. In 2012, the price was 1.40 US dollars per kg, which increased to 2.44 US dollars per kg in 2013. This was followed by a sharp increase to 43.93 US dollars per kg in 2014. The price then dropped to 19.82 US dollars per kg in 2015, before increasing again to 29.37 US dollars per kg in 2016. Since then, the price has been zero for the years 2017, 2018, 2019, 2020 and 2021. It is difficult to predict the prices for 2023 and 2024, as the import price of Cotton into Guinea has been quite volatile over the last five years. However, based on the trend of the last five years, it is likely that the price will remain relatively stable in the coming years.Export values for Guinea cotton
The total values in export for cotton in Guinea were US$ 7,342, US$ 5,487, US$ 2,034 and US$ 2,699 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Guinea: 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.
Guinea cotton - Production, Exports, Imports, Seasons and HS Codes
In 2019 Guinea shipped 1,790 tonnes of cotton. Through 2019 alone, the interest in Guinea cotton (processed category) has improved, changing by 28.777 pc compared to the year 2018. Between 2017 and 2019, cotton's exports reduced by -45.66 percent earning the country US$2.70m for the year 2019. Guinea's cotton exports are classified as:
- Cotton waste (excluding yarn waste, thread waste and garnetted stock) (HS code 520299)
- Cotton linters (HS code 140420)
- Cotton, carded or combed (HS code 520300)
- Cotton yarn waste, incl. thread waste (HS code 520210)
- Cotton, neither carded nor combed (HS code 520100)
- Garnetted stock of cotton (HS code 520291)
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Guinea cotton export values
In 2019, Guinea exported cotton costing 2.70m USD, a surge of 32.74% from 2018's total cotton export of 2.034m USD. The annual change in value of Guinea cotton between 2017 to 2018 was -62.931%.
The annual/yearly variation in the amount of Guinea's cotton exports between 2017 and 2019 was -45.66% compared to a variation of 28.777% in the period between 2018 and 2019.
Export markets for Guinea cotton ( in '000$ )
Guinea's leading export markets for cotton are Portugal, Germany, France, Pakistan and Bangladesh.
Guinea imported 670 tonnes of cotton in 2019.