What is the price of cotton per kilogram/pound in Senegal today?
The retail price range for Senegal cotton is between US$ 0.76 and US$ 1.90 per kilogram or between US$ 0.34 and US$ 0.86 per pound(lb). Click here to see today's exact prices of cotton in Senegal
The retail price range in CFA Franc BCEAO for cotton is between XOF 460.61 and XOF 1,160.27 per kilogram or between XOF 208.89 and XOF 526.20 per pound(lb) in Dakar and Touba.
Wholesale prices
In 2024, the approximate wholesale price range for Senegal cotton is between US$ 0.53 and US$ 1.33 per kilogram or between US$ 0.24 and US$ 0.60 per pound(lb).
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Senegal Cotton Export Prices - Historical, Trends and Prediction
The export price per kilogram of Cotton from Senegal over the last five years has seen a steady decline. In 2012, the price was 2.08 US dollars per kg, dropping to 1.81 US dollars per kg in 2013. This trend continued until 2015, when the price dropped to 1.21 US dollars per kg. In 2016, the price rose slightly to 1.27 US dollars per kg, before increasing to 1.42 US dollars per kg in 2017. The price then rose again to 1.63 US dollars per kg in 2018, before dropping to 1.49 US dollars per kg in 2019. The price then remained steady at 1.5 US dollars per kg in 2020 and 2021. Based on this trend, it is predicted that the export price per kilogram of Cotton from Senegal in 2023 will be 1.44 US dollars per kg, and in 2024 will be 1.51 US dollars per kg.The exports of cotton from Senegal are categorised as:
- Cotton yarn waste, incl. thread waste (HS code 520210)
- Cotton, neither carded nor combed (HS code 520100)
- Cotton, carded or combed (HS code 520300)
- Garnetted stock of cotton (HS code 520291)
- Cotton waste (excluding yarn waste, thread waste and garnetted stock) (HS code 520299)
- Cotton linters (HS code 140420)
Senegal Cotton Import Prices - Historical, Trends and Prediction
The import price per kilogram of Cotton into Senegal over the last five years has been relatively stable. In 2017, the price was $1.42, followed by $1.63 in 2018 and $1.49 in 2019. In 2020, the price was $1.50 and in 2021, it was $1.77. This indicates a slight increase in the price of Cotton over the last five years. Based on this trend, it is predicted that the import price per kilogram of Cotton into Senegal in 2023 will be $1.90 and in 2024 will be $2.08.Export values for Senegal cotton
The total values in export for cotton in Senegal were US$ 14,635, US$ 11,142, US$ 12,629 and US$ 12,009 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Senegal: 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.
Senegal cotton - Production, Exports, Imports, Seasons and HS Codes
In 2019 Senegal sold 8,027 tonnes of cotton. For 2019 alone, the demand for Senegal cotton (processed category) has gone up, flactuating by 3.507 % compared to the year 2018. Between 2017 and 2019, cotton's exports went up by 1.84 percent netting the country US$12.01m for the year 2019. Senegal's cotton exports are categorised as:
- Cotton, carded or combed (HS code 520300)
- Garnetted stock of cotton (HS code 520291)
- Cotton yarn waste, incl. thread waste (HS code 520210)
- Cotton, neither carded nor combed (HS code 520100)
- Cotton waste (excluding yarn waste, thread waste and garnetted stock) (HS code 520299)
- Cotton linters (HS code 140420)
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Senegal cotton export values
In 2019, Senegal supplied cotton with a value of 12.01m USD, a contraction of -4.90% from 2018's total cotton export of 12.629m USD. The annual reduction in value of Senegal cotton between 2017 to 2018 was 13.346 percent.
The per year variation in the quantity of Senegal's cotton exports between 2017 and 2019 was 1.84 pc when compared to a variation of 3.507% in the growth rate between 2018 and 2019.
Export markets for Senegal cotton ( in '000$ )
Senegal's leading export markets for cotton are Bangladesh, Singapore, Vietnam, Guinea and Portugal.
Senegal procured 348 tonnes of cotton in 2019.