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

Contents:

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

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

The average import price for cotton; sewing thread, put up for retail sale stood at $7,702 per ton in 2022, waning by -40.9% against the previous year. Overall, the import price continues to indicate a noticeable setback. The growth pace was the most rapid in 2020 when the average import price increased by 55% against the previous year. As a result, import price attained the peak level of $13,570 per ton. From 2021 to 2022, the average import prices remained at a 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 Taiwan (Chinese) ($39,431 per ton), while the price for China ($3,557 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+5.3%), 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 Singapore (FOB) - 2022

In 2022, the average export price for cotton; sewing thread, put up for retail sale amounted to $18,755 per ton, falling by -32.9% against the previous year. Overall, the export price recorded a abrupt slump. The most prominent rate of growth was recorded in 2020 an increase of 62% against the previous year. The export price peaked at $42,522 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($46,330 per ton), while the average price for exports to Papua New Guinea ($4,800 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 Mauritius (+6.0%), 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 Singapore

In 2022, the amount of cotton; sewing thread, put up for retail sale imported into Singapore declined to 12 tons, shrinking by -11.9% on 2021 figures. Over the period under review, imports faced a deep setback. The pace of growth was the most pronounced in 2021 with an increase of 42%.

In value terms, imports of cotton; sewing thread, put up for retail sale fell sharply to $95K in 2022. In general, imports continue to indicate a dramatic descent. The most prominent rate of growth was recorded in 2021 when imports increased by 37% against the previous year.

Import of Cotton; Sewing Thread, Put Up for Retail Sale in Singapore (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Taiwan (Chinese)38.738.970.839.50.7%
China83.637.048.128.3-30.3%
Malaysia5.213.112.313.437.1%
India11.76.46.53.5-33.1%
Germany7.80.35.02.8-28.9%
Thailand29.2N/A0.71.7-61.2%
Others35.438.139.66.0-44.7%
Total21113418395.3-23.3%

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

  1. China (8.0 tons)
  2. Malaysia (2.3 tons)
  3. Taiwan (Chinese) (1.0 tons)
  4. India (0.5 tons)
  5. Germany (0.3 tons)
  6. Thailand (0.2 tons)

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

In 2022, exports of cotton; sewing thread, put up for retail sale from Singapore surged to 5 tons, jumping by 71% against 2021. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern.

In value terms, exports of cotton; sewing thread, put up for retail sale expanded sharply to $94K in 2022. Overall, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +7.8% 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 -23.1% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 63%. As a result, the exports attained the peak of $122K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Export of Cotton; Sewing Thread, Put Up for Retail Sale in Singapore (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Indonesia17.868.539.465.854.6%
Thailand0.719.11.16.5110.2%
Brunei Darussalam9.40.70.15.4-16.9%
French Polynesia2.91.01.04.414.9%
United StatesN/AN/A1.64.1156.2%
IndiaN/AN/AN/A3.80%
Malaysia36.828.15.10.8-72.1%
Papua New Guinea3.20.60.2N/A-75.0%
MauritiusN/A4.2N/AN/A0%
Others4.40.133.83.4-8.2%
Total75.212282.194.17.8%

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

  1. Indonesia (2794.0 kg)
  2. French Polynesia (674.0 kg)
  3. Brunei Darussalam (609.0 kg)
  4. India (382.0 kg)
  5. Thailand (233.0 kg)
  6. Malaysia (92.0 kg)
  7. United States (88.0 kg)
  8. Papua New Guinea (5.0 kg)

Source: IndexBox Market Intelligence Platform

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