Price for Cotton; Sewing Thread, Put Up for Retail Sale in Mexico - 2023

Contents:

  1. Price for Cotton; Sewing Thread, Put Up for Retail Sale in Mexico (FOB) - 2023
  2. Price for Cotton; Sewing Thread, Put Up for Retail Sale in Mexico (CIF) - 2022
  3. Exports of Cotton; Sewing Thread, Put Up for Retail Sale in Mexico
  4. Imports of Cotton; Sewing Thread, Put Up for Retail Sale in Mexico

Price for Cotton; Sewing Thread, Put Up for Retail Sale in Mexico (FOB) - 2023

The average export price for cotton; sewing thread, put up for retail sale stood at $138K per ton in July 2023, almost unchanged from the previous month. In general, the export price posted a resilient expansion. The export price peaked at $143K per ton in March 2023; however, from April 2023 to July 2023, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From October 2022 to July 2023, the rate of growth in terms of prices for the United States amounted to +9.9% per month.

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

The average import price for cotton; sewing thread, put up for retail sale stood at $8,687 per ton in 2022, falling by -2.8% against the previous year. Over the period under review, the import price continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2020 an increase of 22% against the previous year. As a result, import price reached the peak level of $13,384 per ton. From 2021 to 2022, the average 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 the United States ($8,698 per ton), while the price for China amounted to $4,464 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+1.2%), while the prices for the other major suppliers experienced a decline.

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

Exports of cotton; sewing thread, put up for retail sale from Mexico surged to 369 tons in 2022, growing by 39% compared with the previous year's figure. Over the period under review, exports, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 16,939%.

In value terms, exports of cotton; sewing thread, put up for retail sale surged to $2.3M in 2022. Overall, exports, however, continue to indicate a perceptible descent. The pace of growth was the most pronounced in 2021 when exports increased by 6,425% against the previous year.

Export of Cotton; Sewing Thread, Put Up for Retail Sale in Mexico (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Dominican Republic2.5N/A1.02.3-2.7%
OthersN/AN/AN/AN/A0%
Total2.6N/A1.12.3-4.0%

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

  1. Dominican Republic (367.2 tons)

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

In 2022, the amount of cotton; sewing thread, put up for retail sale imported into Mexico reduced remarkably to 11 tons, shrinking by -39.7% compared with the year before. In general, imports continue to indicate a sharp reduction. The growth pace was the most rapid in 2021 with an increase of 17%.

In value terms, imports of cotton; sewing thread, put up for retail sale reduced markedly to $95K in 2022. Overall, imports faced a significant curtailment. The smallest decline of -21.8% was in 2021.

Import of Cotton; Sewing Thread, Put Up for Retail Sale in Mexico (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States23116514394.6-25.7%
China40.740.318.50.1-86.5%
Others0.60.7N/AN/A16.7%
Total27220616194.7-29.7%

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

  1. United States (10.9 tons)

Source: IndexBox Market Intelligence Platform

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