Price for Cotton; Sewing Thread, Put Up for Retail Sale in Australia - 2024

Contents:

  1. Price for Cotton; Sewing Thread, Put Up for Retail Sale in Australia (CIF) - 2022
  2. Price for Cotton; Sewing Thread, Put Up for Retail Sale in Australia (FOB) - 2022
  3. Imports of Cotton; Sewing Thread, Put Up for Retail Sale in Australia
  4. Exports of Cotton; Sewing Thread, Put Up for Retail Sale in Australia

Price for Cotton; Sewing Thread, Put Up for Retail Sale in Australia (CIF) - 2022

In 2022, the average import price for cotton; sewing thread, put up for retail sale amounted to $36,100 per ton, growing by 38% against the previous year. Overall, the import price continues to indicate buoyant growth. The pace of growth was the most pronounced in 2017 an increase of 55% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Greece ($160,586 per ton), while the price for China ($7,805 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+27.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cotton; Sewing Thread, Put Up for Retail Sale in Australia (FOB) - 2022

The average export price for cotton; sewing thread, put up for retail sale stood at $14,482 per ton in 2022, which is down by -13.2% against the previous year. In general, the export price recorded a mild reduction. The most prominent rate of growth was recorded in 2016 an increase of 222%. Over the period under review, the average export prices reached the peak figure at $17,370 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($19,017 per ton), while the average price for exports to New Zealand ($10,106 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Fiji (-0.2%), while the prices for the other major destinations experienced a decline.

Imports of Cotton; Sewing Thread, Put Up for Retail Sale in Australia

After three years of growth, overseas purchases of cotton; sewing thread, put up for retail sale decreased by -47.3% to 24 tons in 2022. Over the period under review, imports faced a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 6.8%. As a result, imports reached the peak of 45 tons, and then reduced notably in the following year.

In value terms, imports of cotton; sewing thread, put up for retail sale dropped significantly to $854K in 2022. Overall, imports, however, saw a remarkable increase. The pace of growth appeared the most rapid in 2020 when imports increased by 44%.

Import of Cotton; Sewing Thread, Put Up for Retail Sale in Australia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Greece24341859844922.7%
Netherlands13.642.4108111101.3%
China98.284.086.077.9-7.4%
India60.967.463.172.05.7%
Japan51.456.932.248.8-1.7%
Italy46.711479.044.6-1.5%
United States3.62.631.233.9111.2%
Indonesia4.45.44.43.4-8.2%
Others46.128.117212.8-34.8%
Total5678181,17485414.6%

Top Suppliers of Cotton; Sewing Thread, Put Up for Retail Sale to Australia in 2022:

  1. China (10.0 tons)
  2. India (5.7 tons)
  3. Greece (2.8 tons)
  4. Netherlands (1.7 tons)
  5. Japan (1.1 tons)
  6. United States (0.8 tons)
  7. Italy (0.5 tons)
  8. Indonesia (0.4 tons)

Exports of Cotton; Sewing Thread, Put Up for Retail Sale in Australia

Exports of cotton; sewing thread, put up for retail sale from Australia contracted markedly to 1.7 tons in 2022, with a decrease of -43% against the previous year. Overall, exports saw a significant decrease. The growth pace was the most rapid in 2021 when exports increased by 10% against the previous year.

In value terms, exports of cotton; sewing thread, put up for retail sale declined sharply to $24K in 2022. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 99% against the previous year. As a result, the exports attained the peak of $49K, and then contracted notably in the following year.

Export of Cotton; Sewing Thread, Put Up for Retail Sale in Australia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
FijiN/A5.8N/A13.049.7%
New Zealand15.36.713.04.6-33.0%
MalaysiaN/A4.09.42.9-14.9%
VietnamN/AN/A1.91.1-42.1%
Papua New Guinea9.1N/A0.20.1-77.8%
GermanyN/AN/A23.2N/A0%
OthersN/A8.10.92.5-44.4%
Total24.424.548.724.1-0.4%

Top Export Markets for Cotton; Sewing Thread, Put Up for Retail Sale from Australia in 2022:

  1. Fiji (879.0 kg)
  2. New Zealand (451.0 kg)
  3. Malaysia (256.0 kg)
  4. Vietnam (59.0 kg)
  5. Papua New Guinea (5.0 kg)

Source: IndexBox Market Intelligence Platform

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