Price for Cotton; Sewing Thread, Put Up for Retail Sale in Colombia - 2022

Contents:

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

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

In 2022, the average import price for cotton; sewing thread, put up for retail sale amounted to $12,543 per ton, surging by 152% against the previous year. Over the period under review, the import price recorded a buoyant expansion. The import price peaked at $14,544 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($66,954 per ton), while the price for China ($4,394 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+29.2%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average export price for cotton; sewing thread, put up for retail sale amounted to $23,987 per ton, jumping by 53% against the previous year. In general, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The export price peaked at $26,093 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Panama ($26,491 per ton), while the average price for exports to Aruba totaled $12,563 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador (+454.9%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, overseas purchases of cotton; sewing thread, put up for retail sale decreased by -48.8% to 17 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 407% against the previous year. As a result, imports attained the peak of 33 tons, and then dropped dramatically in the following year.

In value terms, imports of cotton; sewing thread, put up for retail sale soared to $209K in 2022. Overall, imports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 128%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Import of Cotton; Sewing Thread, Put Up for Retail Sale in Colombia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Brazil13.016.921.098.496.3%
China19.122.414157.644.5%
IndiaN/AN/AN/A32.70%
Hong Kong SARN/AN/AN/A16.90%
Others8.854.1N/A3.7-25.1%
Total40.993.416220972.2%

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

  1. China (13.1 tons)
  2. Brazil (1.5 tons)
  3. Hong Kong SAR (1.2 tons)
  4. India (0.9 tons)

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

In 2022, the amount of cotton; sewing thread, put up for retail sale exported from Colombia soared to 790 kg, rising by 24% on 2021. Over the period under review, exports, however, continue to indicate a sharp shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 178% against the previous year.

In value terms, exports of cotton; sewing thread, put up for retail sale surged to $19K in 2022. Overall, exports, however, saw a dramatic slump.

Export of Cotton; Sewing Thread, Put Up for Retail Sale in Colombia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Panama38.14.47.917.2-23.3%
Aruba1.00.41.81.821.6%
Honduras0.2N/AN/AN/A0%
Others0.40.70.3N/A-13.4%
Total39.75.510.018.9-21.9%

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

  1. Panama (648.0 kg)
  2. Aruba (142.0 kg)

Source: IndexBox Market Intelligence Platform

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