Price for Cotton; Sewing Thread, Put Up for Retail Sale in Ethiopia - 2022
Contents:
- Price for Cotton; Sewing Thread, Put Up for Retail Sale in Ethiopia (CIF) - 2022
- Price for Cotton; Sewing Thread, Put Up for Retail Sale in Ethiopia (FOB) - 2022
- Imports of Cotton; Sewing Thread, Put Up for Retail Sale in Ethiopia
- Exports of Cotton; Sewing Thread, Put Up for Retail Sale in Ethiopia
Price for Cotton; Sewing Thread, Put Up for Retail Sale in Ethiopia (CIF) - 2022
The average import price for cotton; sewing thread, put up for retail sale stood at $4,227 per ton in 2022, rising by 9% against the previous year. Overall, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for cotton; sewing thread, put up for retail sale increased by +68.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 34%. The import price peaked at $4,901 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.
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 Turkey ($12,533 per ton), while the price for Pakistan ($2,023 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+14.6%), 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 Ethiopia (FOB) - 2022
In 2022, the average export price for cotton; sewing thread, put up for retail sale amounted to $14,600 per ton, waning by -2.8% against the previous year. Over the period under review, export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for cotton; sewing thread, put up for retail sale increased by +42.1% against 2015 indices. The growth pace was the most rapid in 2013 when the average export price increased by 44%. As a result, the export price attained the peak level of $16,612 per ton. From 2014 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kenya ($82,000 per ton), while the average price for exports to Nigeria totaled $13,458 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (+1.5%).
Imports of Cotton; Sewing Thread, Put Up for Retail Sale in Ethiopia
In 2022, the amount of cotton; sewing thread, put up for retail sale imported into Ethiopia surged to 9.5 tons, rising by 55% compared with the previous year's figure. Over the period under review, imports, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2020 with an increase of 493% against the previous year. As a result, imports attained the peak of 68 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of cotton; sewing thread, put up for retail sale soared to $40K in 2022. Overall, imports showed resilient growth. The most prominent rate of growth was recorded in 2020 when imports increased by 587% against the previous year. As a result, imports reached the peak of $198K. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Cotton; Sewing Thread, Put Up for Retail Sale in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 23.0 | 156 | 8.3 | 19.4 | -5.5% |
| Turkey | 2.8 | 25.9 | 8.5 | 10.3 | 54.4% |
| Italy | 1.9 | 10.9 | 4.5 | 6.8 | 53.0% |
| Pakistan | 0.8 | 3.6 | 1.2 | 1.4 | 20.5% |
| Others | 0.4 | 1.5 | 1.4 | 2.3 | 79.2% |
| Total | 28.8 | 198 | 23.8 | 40.2 | 11.8% |
Top Suppliers of Cotton; Sewing Thread, Put Up for Retail Sale to Ethiopia in 2022:
- China (5.8 tons)
- Italy (1.8 tons)
- Turkey (0.8 tons)
- Pakistan (0.7 tons)
Exports of Cotton; Sewing Thread, Put Up for Retail Sale in Ethiopia
After three years of growth, shipments abroad of cotton; sewing thread, put up for retail sale decreased by -30.2% to 60 kg in 2022. Overall, exports showed a deep downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 10%. As a result, the exports reached the peak of 86 kg, and then dropped significantly in the following year.
In value terms, exports of cotton; sewing thread, put up for retail sale dropped dramatically to $876 in 2022. In general, exports recorded a noticeable slump. The most prominent rate of growth was recorded in 2021 with an increase of 24%. As a result, the exports attained the peak of $1.3K, and then shrank rapidly in the following year.
| Export of Cotton; Sewing Thread, Put Up for Retail Sale in Ethiopia (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nigeria | 934 | 1,034 | 662 | 794 | -5.3% |
| Kenya | N/A | N/A | N/A | 82.0 | 0% |
| Cote d'Ivoire | N/A | N/A | 630 | N/A | 0% |
| Others | N/A | 7.0 | N/A | N/A | 0% |
| Total | 934 | 1,041 | 1,292 | 876 | -2.1% |
Top Export Markets for Cotton; Sewing Thread, Put Up for Retail Sale from Ethiopia in 2022:
- Nigeria (59.0 kg)
- Kenya (1.0 kg)
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This report provides an in-depth analysis of the cotton sewing thread market in Ethiopia.
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This report provides an in-depth analysis of the global cotton sewing thread market.
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This report provides an in-depth analysis of the cotton sewing thread market in Ethiopia.
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This report provides an in-depth analysis of the global cotton sewing thread market.
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In 2016, the global cotton sewing thread imports totaled X tons, remaining relatively unchanged against the previous year figure. In general, cotton sewing thread imports continue to indicate a pe...
1156
In 2016, the global cotton sewing thread imports totaled X tons, remaining relatively unchanged against the previous year figure. In general, cotton sewing thread imports continue to indicate a pe...
1679
The global trade in cotton sewing thread amounted to X million USD in 2015, fluctuating mildly over the period under review. A X% drop in 2009 was followed by another X% decline in 2010, after which exports alternated be
1550
Despite a drop in exports in 2014, India remained one of the leaders in the global cotton sewing thread trade. In 2014, India exported X tons of cotton sewing thread totaling X million USD, X% under the previous year. Its primary trading partne
1075
In 2016, the global cotton sewing thread imports totaled X tons, remaining relatively unchanged against the previous year figure. In general, cotton sewing thread imports continue to indicate a pe...
1156
In 2016, the global cotton sewing thread imports totaled X tons, remaining relatively unchanged against the previous year figure. In general, cotton sewing thread imports continue to indicate a pe...
1679
The global trade in cotton sewing thread amounted to X million USD in 2015, fluctuating mildly over the period under review. A X% drop in 2009 was followed by another X% decline in 2010, after which exports alternated be
1550
Despite a drop in exports in 2014, India remained one of the leaders in the global cotton sewing thread trade. In 2014, India exported X tons of cotton sewing thread totaling X million USD, X% under the previous year. Its primary trading partne
