Price for Cotton; Sewing Thread, Put Up for Retail Sale in Thailand - 2024

Contents:

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

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

In 2022, the average export price for cotton; sewing thread, put up for retail sale amounted to $2,341 per ton, rising by 8.1% against the previous year. In general, the export price, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2018 when the average export price increased by 206%. Over the period under review, the average export prices reached the peak figure at $9,626 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat 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 UK ($4,929 per ton), while the average price for exports to Cambodia amounted to $2,279 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+1.2%).

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

In 2022, the average import price for cotton; sewing thread, put up for retail sale amounted to $3,195 per ton, stabilizing at the previous year. Over the period under review, the import price showed modest growth. The growth pace was the most rapid in 2018 an increase of 396%. As a result, import price attained the peak level of $4,405 per ton. From 2019 to 2022, the average import prices remained at a somewhat 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 South Korea ($18,069 per ton), while the price for China ($1,435 per ton) was amongst the lowest.

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

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

For the fourth year in a row, Thailand recorded growth in overseas shipments of cotton; sewing thread, put up for retail sale, which increased by 16% to 78 tons in 2022. In general, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 17,881% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, exports of cotton; sewing thread, put up for retail sale soared to $182K in 2022. Overall, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 2,840% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in years to come.

Export of Cotton; Sewing Thread, Put Up for Retail Sale in Thailand (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
CambodiaN/A86.914117441.5%
Others3.13.14.78.338.9%
Total3.189.9146182288.7%

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

  1. Cambodia (76.2 tons)

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

For the third year in a row, Thailand recorded decline in supplies from abroad of cotton; sewing thread, put up for retail sale, which decreased by -35.7% to 8 tons in 2022. Over the period under review, imports continue to indicate a significant contraction. The smallest decline of -22.4% was in 2021.

In value terms, imports of cotton; sewing thread, put up for retail sale declined rapidly to $26K in 2022. In general, imports saw a significant decrease. The smallest decline of -25.1% was in 2020.

Import of Cotton; Sewing Thread, Put Up for Retail Sale in Thailand (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China39.836.318.510.6-35.7%
South KoreaN/A0.10.52.6409.9%
Japan5.67.02.22.1-27.9%
Italy14.70.8N/AN/A-94.6%
Turkey5.11.15.1N/A0.0%
Others16.215.513.210.3-14.0%
Total81.360.939.525.5-32.1%

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

  1. China (7.4 tons)
  2. Japan (0.1 tons)
  3. South Korea (0.1 tons)

Source: IndexBox Market Intelligence Platform

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