Price for Cotton; Sewing Thread, Put Up for Retail Sale in the Philippines - 2023
Contents:
- Price for Cotton; Sewing Thread, Put Up for Retail Sale in the Philippines (CIF) - 2022
- Price for Cotton; Sewing Thread, Put Up for Retail Sale in the Philippines (FOB) - 2022
- Imports of Cotton; Sewing Thread, Put Up for Retail Sale in the Philippines
- Exports of Cotton; Sewing Thread, Put Up for Retail Sale in the Philippines
Price for Cotton; Sewing Thread, Put Up for Retail Sale in the Philippines (CIF) - 2022
The average import price for cotton; sewing thread, put up for retail sale stood at $924 per ton in 2022, dropping by -9.8% against the previous year. Overall, the import price recorded a abrupt decline. The most prominent rate of growth was recorded in 2019 an increase of 247%. As a result, import price attained the peak level of $6,801 per ton. From 2020 to 2022, the average import prices failed to regain momentum.
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) ($3,600 per ton), while the price for China ($523 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+10.1%), while the prices for the other major suppliers experienced a decline.
Price for Cotton; Sewing Thread, Put Up for Retail Sale in the Philippines (FOB) - 2022
The average export price for cotton; sewing thread, put up for retail sale stood at $41,423 per ton in 2021, approximately mirroring the previous year. Over the period under review, the export price saw a significant expansion. The pace of growth appeared the most rapid in 2020 an increase of 293%. The export price peaked in 2021 and is expected to retain growth in the near future.
There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($293,718 per ton), while the average price for exports to Indonesia ($7,600 per ton) was amongst the lowest.
From 2016 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+40.1%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Cotton; Sewing Thread, Put Up for Retail Sale in the Philippines
In 2022, approx. 44 tons of cotton; sewing thread, put up for retail sale were imported into the Philippines; which is down by -54.4% on 2021 figures. Over the period under review, imports saw a sharp decline. The growth pace was the most rapid in 2021 with an increase of 651%.
In value terms, imports of cotton; sewing thread, put up for retail sale declined dramatically to $41K in 2022. Overall, imports recorded a precipitous slump. The most prominent rate of growth was recorded in 2021 when imports increased by 584%.
| Import of Cotton; Sewing Thread, Put Up for Retail Sale in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 40.7 | 14.4 | 55.9 | 19.9 | -21.2% |
| Taiwan (Chinese) | N/A | N/A | 40.5 | 17.4 | -57.0% |
| Japan | 25.5 | N/A | 0.1 | 2.5 | -53.9% |
| Hong Kong SAR | 591 | N/A | N/A | N/A | 0% |
| Others | 0.6 | N/A | 2.2 | 0.9 | 14.5% |
| Total | 658 | 14.4 | 98.7 | 40.6 | -60.5% |
Top Suppliers of Cotton; Sewing Thread, Put Up for Retail Sale to the Philippines in 2022:
- China (38.1 tons)
- Taiwan (Chinese) (4.8 tons)
- Japan (1.0 tons)
Exports of Cotton; Sewing Thread, Put Up for Retail Sale in the Philippines
Exports of cotton; sewing thread, put up for retail sale from the Philippines surged to 1.5 tons in 2021, growing by 10,350% on the year before. Over the period under review, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of cotton; sewing thread, put up for retail sale skyrocketed to $61K in 2021. Overall, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Cotton; Sewing Thread, Put Up for Retail Sale in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Papua New Guinea | N/A | 0.2 | 37.7 | 18750.0% | |
| United Arab Emirates | N/A | N/A | 22.9 | 0% | |
| Others | 0.1 | 0.4 | N/A | 300.0% | |
| Total | 0.1 | 0.6 | 60.6 | 2361.7% | |
Top Export Markets for Cotton; Sewing Thread, Put Up for Retail Sale from the Philippines in 2022:
- Papua New Guinea (1380.0 kg)
- United Arab Emirates (78.0 kg)
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This report provides an in-depth analysis of the cotton sewing thread market in the Philippines.
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This report provides an in-depth analysis of the global cotton sewing thread market.
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This report provides an in-depth analysis of the cotton sewing thread market in the Philippines.
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This report provides an in-depth analysis of the global cotton sewing thread market.
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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...
1661
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
1523
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...
1661
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
1523
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
