What is the price of cotton per kilogram/pound in Madagascar today?
The retail price range for Madagascar cotton is between US$ 2.87 and US$ 7.65 per kilogram or between US$ 1.30 and US$ 3.47 per pound(lb). Click here to see today's exact prices of cotton in Madagascar
The retail price range in Malagasy Ariary for cotton is between MGA 12,686.28 and MGA 33,830.09 per kilogram or between MGA 5,753.42 and MGA 15,342.44 per pound(lb) in Antananarivo and Toamasina.
Wholesale prices
In 2024, the approximate wholesale price range for Madagascar cotton is between US$ 2.01 and US$ 5.35 per kilogram or between US$ 0.91 and US$ 2.43 per pound(lb).
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Madagascar Cotton Export Prices - Historical, Trends and Prediction
The export price per kilogram of Cotton from Madagascar over the last five years has been relatively stable. In 2017, the price was 1.33 US $ per kg, followed by 1.08 US $ per kg in 2018. In 2019, the price increased to 1.64 US $ per kg, and then further increased to 2.06 US $ per kg in 2020. The price then decreased to 1.23 US $ per kg in 2021. The latest data shows that the price has increased again to 2.31 US $ per kg in 2022. Based on this trend, it is predicted that the export price per kilogram of Cotton from Madagascar in 2023 will be around 2.50 US $ per kg, and in 2024 it will be around 2.70 US $ per kg.The exports of cotton from Madagascar are classified as:
- Garnetted stock of cotton (HS code 520291)
- Cotton yarn waste, incl. thread waste (HS code 520210)
- Cotton waste (excluding yarn waste, thread waste and garnetted stock) (HS code 520299)
- Cotton, carded or combed (HS code 520300)
- Cotton linters (HS code 140420)
- Cotton, neither carded nor combed (HS code 520100)
Madagascar Cotton Import Prices - Historical, Trends and Prediction
The import price per kilogram of Cotton into Madagascar over the last five years has been relatively stable. In 2017, the price was 1.33 US$ per kg, followed by 1.08 US$ per kg in 2018. In 2019, the price increased to 1.64 US$ per kg, and then further increased to 2.06 US$ per kg in 2020. The price then decreased to 1.23 US$ per kg in 2021. The latest data shows that the price has increased again to 2.31 US$ per kg in 2022. Based on the trend of the last five years, it is predicted that the import price per kilogram of Cotton into Madagascar in 2023 will be around 2.50 US$ per kg, and in 2024 it will be around 2.70 US$ per kg.Export values for Madagascar cotton
The total values in export for cotton in Madagascar were US$ 3,171, US$ 3,751, US$ 1,127 and US$ 2,562 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Madagascar: 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.
Madagascar cotton - Production, Exports, Imports, Seasons and HS Codes
The amount of cotton shipped by Madagascar in 2020 was 881 metric tonnes. In 2019 Madagascar sold 1,563 tonnes of cotton. For the year 2019 alone, the market for Madagascar cotton (processed category) has surged, with a change of 65.048 pc compared to the year 2018. Between 2017 and 2019, cotton's exports decreased by -47.37 pc earning the nation US$2.56m for the year 2019. Madagascar's cotton exports are categorised as:
- Cotton linters (HS code 140420)
- Cotton yarn waste, incl. thread waste (HS code 520210)
- Cotton waste (excluding yarn waste, thread waste and garnetted stock) (HS code 520299)
- Cotton, neither carded nor combed (HS code 520100)
- Cotton, carded or combed (HS code 520300)
- Garnetted stock of cotton (HS code 520291)
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Madagascar cotton export values
In 2019, Madagascar exported cotton valued at 2.56m USD, a growth of 127.15% from 2018's total cotton export of 1.127m USD. The yearly change in value of Madagascar cotton between 2017 to 2018 was -69.955%.
The per year change in the volume of Madagascar's cotton exports between 2017 and 2019 was -47.37 per cent compared to a variation of 65.048% in the period between 2018 and 2019.
Export markets for Madagascar cotton ( in '000$ )
Madagascar's best performing export markets for cotton are Italy, France, US, United Arab Emirates (UAE) and Pakistan.
Madagascar procured 71 tonnes of cotton in 2019.