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

Contents:

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

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

The average import price for cotton; sewing thread, put up for retail sale stood at $4,481 per ton in 2022, falling by -3.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2014 an increase of 22%. Over the period under review, average import prices attained the maximum at $5,912 per ton in 2015; however, from 2016 to 2022, 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 China ($6,512 per ton), while the price for Turkey ($3,522 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.9%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for cotton; sewing thread, put up for retail sale stood at $19,936 per ton in 2022, approximately mirroring the previous year. Over the period under review, export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +5.5% 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 +8.9% against 2017 indices. The pace of growth appeared the most rapid in 2017 when the average export price increased by 45%. Over the period under review, the average export prices reached the maximum at $19,999 per ton in 2021, and then shrank slightly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Armenia ($69,556 per ton), while the average price for exports to Afghanistan ($15,786 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 Armenia (+25.2%), 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 Iran

For the third year in a row, Iran recorded decline in supplies from abroad of cotton; sewing thread, put up for retail sale, which decreased by -29.2% to 21 tons in 2022. In general, imports showed a significant contraction.

In value terms, imports of cotton; sewing thread, put up for retail sale shrank notably to $94K in 2022. Over the period under review, imports showed a precipitous contraction.

Import of Cotton; Sewing Thread, Put Up for Retail Sale in Iran (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Turkey20.818.49.549.133.1%
China54318112041.3-57.6%
United Arab Emirates29182.97.31.1-84.4%
Others10.01.40.82.2-39.6%
Total86428413793.6-52.3%

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

  1. Turkey (13.9 tons)
  2. China (6.3 tons)
  3. United Arab Emirates (0.3 tons)

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

In 2022, overseas shipments of cotton; sewing thread, put up for retail sale decreased by -77% to 233 kg, falling for the second consecutive year after two years of growth. Overall, exports faced a precipitous curtailment. The pace of growth was the most pronounced in 2020 with an increase of 24%. As a result, the exports attained the peak of 1.9 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of cotton; sewing thread, put up for retail sale reduced dramatically to $4.6K in 2022. In general, exports saw a significant decline. The most prominent rate of growth was recorded in 2020 with an increase of 24% against the previous year. As a result, the exports attained the peak of $31K. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Export of Cotton; Sewing Thread, Put Up for Retail Sale in Iran (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Afghanistan7.84.53.91.5-42.3%
Iraq2.23.35.11.3-16.1%
Azerbaijan7.62.77.71.0-49.1%
Armenia2.51.92.50.6-37.9%
KuwaitN/A3.6N/AN/A0%
TurkmenistanN/A14.3N/AN/A0%
Georgia3.60.51.2N/A-42.3%
Others1.60.5N/A0.1-60.3%
Total25.231.220.34.6-43.3%

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

  1. Afghanistan (98.0 kg)
  2. Azerbaijan (64.0 kg)
  3. Iraq (58.0 kg)
  4. Armenia (9.0 kg)
  5. Georgia (1.0 kg)

Source: IndexBox Market Intelligence Platform

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