Price for Cotton; Sewing Thread, Put Up for Retail Sale in South Korea - 2022
Contents:
- Price for Cotton; Sewing Thread, Put Up for Retail Sale in South Korea (CIF) - 2022
- Price for Cotton; Sewing Thread, Put Up for Retail Sale in South Korea (FOB) - 2022
- Imports of Cotton; Sewing Thread, Put Up for Retail Sale in South Korea
- Exports of Cotton; Sewing Thread, Put Up for Retail Sale in South Korea
Price for Cotton; Sewing Thread, Put Up for Retail Sale in South Korea (CIF) - 2022
In 2022, the average import price for cotton; sewing thread, put up for retail sale amounted to $14,235 per ton, leveling off at the previous year. Overall, the import price continues to indicate a slight curtailment. The most prominent rate of growth was recorded in 2019 when the average import price increased by 16% against the previous year. The import price peaked at $16,839 per ton in 2012; however, from 2013 to 2022, 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 Japan ($29,992 per ton), while the price for China ($8,257 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+19.5%), 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 South Korea (FOB) - 2022
In 2022, the average export price for cotton; sewing thread, put up for retail sale amounted to $10,722 per ton, rising by 15% against the previous year. Overall, the export price, however, saw a pronounced downturn. The pace of growth was the most pronounced in 2019 when the average export price increased by 40%. Over the period under review, the average export prices attained the maximum at $24,778 per ton in 2020; however, from 2021 to 2022, the 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 Indonesia ($21,861 per ton), while the average price for exports to Thailand ($902 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 Bahrain (-1.1%), while the prices for the other major destinations experienced a decline.
Imports of Cotton; Sewing Thread, Put Up for Retail Sale in South Korea
For the fourth consecutive year, South Korea recorded growth in supplies from abroad of cotton; sewing thread, put up for retail sale, which increased by 1.7% to 35 tons in 2022. Over the period under review, imports recorded a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 70% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in years to come.
In value terms, imports of cotton; sewing thread, put up for retail sale totaled $495K in 2022. In general, imports recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 67% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Cotton; Sewing Thread, Put Up for Retail Sale in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 159 | 163 | 267 | 336 | 28.3% |
| China | 61.5 | 86.9 | 162 | 110 | 21.4% |
| Japan | 15.1 | 20.9 | 16.6 | 27.4 | 22.0% |
| Others | 24.4 | 23.1 | 45.4 | 21.4 | -4.3% |
| Total | 260 | 294 | 491 | 495 | 23.9% |
Top Suppliers of Cotton; Sewing Thread, Put Up for Retail Sale to South Korea in 2022:
- India (20.2 tons)
- China (13.3 tons)
- Japan (0.9 tons)
Exports of Cotton; Sewing Thread, Put Up for Retail Sale in South Korea
In 2022, overseas shipments of cotton; sewing thread, put up for retail sale decreased by -46.7% to 35 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports saw a deep slump. The growth pace was the most rapid in 2021 with an increase of 8.4%. As a result, the exports attained the peak of 66 tons, and then contracted dramatically in the following year.
In value terms, exports of cotton; sewing thread, put up for retail sale shrank rapidly to $375K in 2022. Overall, exports showed a significant curtailment. The pace of growth appeared the most rapid in 2020 when exports increased by 25% against the previous year. As a result, the exports attained the peak of $1.5M. 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 South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 996 | 519 | 522 | 360 | -28.8% |
| Thailand | N/A | 0.1 | 0.5 | 2.5 | 400.0% |
| Bahrain | N/A | 3.8 | 10.4 | 1.7 | -33.1% |
| Mongolia | 46.0 | N/A | N/A | 1.6 | -67.4% |
| Nicaragua | 105 | 76.1 | 55.8 | 0.9 | -79.5% |
| Russia | 22.7 | 23.9 | 11.3 | N/A | -29.4% |
| Japan | N/A | 871 | N/A | N/A | 0% |
| Others | 28.4 | 7.6 | 9.6 | 8.0 | -34.4% |
| Total | 1,198 | 1,501 | 610 | 375 | -32.1% |
Top Export Markets for Cotton; Sewing Thread, Put Up for Retail Sale from South Korea in 2022:
- Vietnam (30.7 tons)
- Thailand (2.8 tons)
- Bahrain (0.9 tons)
- Mongolia (0.2 tons)
- Nicaragua (0.1 tons)
513
This report provides an in-depth analysis of the cotton sewing thread market in Republic of Korea.
1115
This report provides an in-depth analysis of the global cotton sewing thread market.
513
This report provides an in-depth analysis of the cotton sewing thread market in Republic of Korea.
1115
This report provides an in-depth analysis of the global cotton sewing thread market.
1057
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...
1109
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...
1662
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
1524
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
1057
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...
1109
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...
1662
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
1524
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
