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

Contents:

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

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

In 2022, the average import price for cotton; sewing thread, put up for retail sale amounted to $6,489 per ton, increasing by 112% against the previous year. Over the period under review, the import price posted a measured increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 France ($23,936 per ton), while the price for Taiwan (Chinese) ($196 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+36.1%), 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 Oman (FOB) - 2022

The average export price for cotton; sewing thread, put up for retail sale stood at $17,899 per ton in 2022, with an increase of 16% against the previous year. Over the last decade, it increased at an average annual rate of +4.8%. The pace of growth was the most pronounced in 2017 when the average export price increased by 45% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($20,921 per ton), while the average price for exports to Qatar ($1,155 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 Jordan (+3.5%), while the prices for the other major destinations experienced a decline.

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

In 2022, purchases abroad of cotton; sewing thread, put up for retail sale decreased by -81.1% to 12 tons, falling for the second year in a row after two years of growth. Overall, imports showed a dramatic decline. The pace of growth was the most pronounced in 2020 with an increase of 321%. As a result, imports attained the peak of 208 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 declined rapidly to $77K in 2022. Over the period under review, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2020 with an increase of 329% against the previous year. As a result, imports attained the peak of $510K. From 2021 to 2022, the growth of imports of remained at a lower figure.

Import of Cotton; Sewing Thread, Put Up for Retail Sale in Oman (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Arab Emirates10948118263.4-16.5%
FranceN/AN/AN/A10.50%
Saudi Arabia3.614.13.31.1-32.6%
Pakistan2.17.12.21.0-21.9%
Taiwan (Chinese)0.20.70.20.1-20.6%
Others3.46.94.81.1-31.4%
Total11951019377.2-13.4%

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

  1. United Arab Emirates (10.3 tons)
  2. Taiwan (Chinese) (0.5 tons)
  3. France (0.4 tons)
  4. Pakistan (0.3 tons)
  5. Saudi Arabia (0.2 tons)

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

In 2022, overseas shipments of cotton; sewing thread, put up for retail sale decreased by -12.6% to 888 kg, falling for the second year in a row after two years of growth. Over the period under review, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +15.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -23.5% against 2020 indices. The pace of growth was the most pronounced in 2020 when exports increased by 99%. As a result, the exports attained the peak of 1.2 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of cotton; sewing thread, put up for retail sale amounted to $16K in 2022. Overall, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +19.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.1% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 68% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the near future.

Export of Cotton; Sewing Thread, Put Up for Retail Sale in Oman (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Saudi Arabia6.510.911.414.631.0%
Jordan2.43.83.71.0-25.3%
Qatar0.10.50.40.10.0%
Others0.30.30.20.1-30.7%
Total9.215.615.715.920.0%

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

  1. Saudi Arabia (699.0 kg)
  2. Qatar (110.0 kg)
  3. Jordan (66.0 kg)

Source: IndexBox Market Intelligence Platform

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