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

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

In 2022, the average import price for cotton; sewing thread, put up for retail sale amounted to $2,143 per ton, growing by 9.2% against the previous year. Over the period under review, the import price, however, showed a deep reduction. The pace of growth was the most pronounced in 2014 an increase of 46%. As a result, import price reached the peak level of $7,272 per ton. From 2015 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($24,957 per ton), while the price for China ($1,801 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+27.2%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average export price for cotton; sewing thread, put up for retail sale amounted to $12,500 per ton, shrinking by -42.3% against the previous year. Over the period under review, the export price, however, recorded a strong increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 77% against the previous year. The export price peaked at $21,667 per ton in 2021, and then declined markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cayman Islands ($19,000 per ton), while the average price for exports to Bolivia amounted to $6,000 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cayman Islands (+10.9%).

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

In 2022, approx. 112 tons of cotton; sewing thread, put up for retail sale were imported into Ecuador; picking up by 90% against the previous year. In general, imports posted significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 103%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, imports of cotton; sewing thread, put up for retail sale skyrocketed to $241K in 2022. Over the period under review, imports posted a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Cotton; Sewing Thread, Put Up for Retail Sale in Ecuador (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	160	65.6	101	191	6.1%
Peru	7.7	7.7	8.3	24.4	46.9%
Turkey	N/A	N/A	7.2	22.9	218.1%
Others	1.8	1.6	0.4	2.4	10.1%
Total	170	74.9	116	241	12.3%

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

China (106.3 tons)
Peru (3.7 tons)
Turkey (2.4 tons)

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

For the third year in a row, Ecuador recorded decline in overseas shipments of cotton; sewing thread, put up for retail sale, which decreased by -33.3% to 2 kg in 2022. In general, exports saw a dramatic curtailment.

In value terms, exports of cotton; sewing thread, put up for retail sale reduced sharply to $25 in 2022. Over the period under review, exports recorded a sharp decline. The smallest decline of -38.1% was in 2021.