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

Contents:

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

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

The average import price for cotton; sewing thread, put up for retail sale stood at $15,089 per ton in 2022, growing by 30% against the previous year. Over the period under review, the import price, however, showed a pronounced slump. The most prominent rate of growth was recorded in 2016 when the average import price increased by 59% against the previous year. Over the period under review, average import prices reached the maximum at $24,556 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($82,793 per ton), while the price for Pakistan ($5,290 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+17.9%), 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 the UK (FOB) - 2022

In 2022, the average export price for cotton; sewing thread, put up for retail sale amounted to $10,305 per ton, which is down by -54% against the previous year. Over the period under review, the export price continues to indicate a drastic downturn. The pace of growth was the most pronounced in 2021 an increase of 208%. The export price peaked at $27,682 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 overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($91,421 per ton), while the average price for exports to Taiwan (Chinese) ($1,511 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 India (+13.4%), 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 the UK

In 2022, after three years of growth, there was significant decline in supplies from abroad of cotton; sewing thread, put up for retail sale, when their volume decreased by -26% to 98 tons. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +9.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 34% against the previous year.

In value terms, imports of cotton; sewing thread, put up for retail sale fell modestly to $1.5M in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +13.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +46.7% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 38% against the previous year.

Import of Cotton; Sewing Thread, Put Up for Retail Sale in the UK (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China23937660054331.5%
GreeceN/AN/A3.53188985.7%
India144158264107-9.4%
PakistanN/A12.176.597.8184.3%
Germany38868734186.0-39.5%
United States74.573.765.621.3-34.1%
Turkey3.516.923.420.480.0%
South Africa36.811.224.015.0-25.9%
Others11953.113826630.8%
Total1,0051,3891,5361,47413.6%

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

  1. China (50.6 tons)
  2. Pakistan (18.5 tons)
  3. India (10.3 tons)
  4. Greece (6.2 tons)
  5. Turkey (2.2 tons)
  6. South Africa (1.8 tons)
  7. Germany (1.0 tons)
  8. United States (0.6 tons)

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

In 2022, the amount of cotton; sewing thread, put up for retail sale exported from the UK surged to 43 tons, rising by 168% against 2021 figures. Overall, exports showed a buoyant expansion.

In value terms, exports of cotton; sewing thread, put up for retail sale soared to $444K in 2022. The total export value increased at an average annual rate of +8.4% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. 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 UK (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Netherlands2.22.49.2149307.6%
United States82.458.219314219.9%
MoroccoN/AN/A9.849.7407.1%
Taiwan (Chinese)N/AN/AN/A36.90%
France44.640.647.37.2-45.5%
Germany27.927.51.65.9-40.4%
Ireland42.146.731.93.9-54.8%
Belgium13.720.0N/A3.6-35.9%
Poland20.931.63.42.8-48.8%
Italy23.832.110.32.7-51.6%
Spain13.054.810.1N/A-11.9%
IsraelN/A42.53.5N/A-91.8%
Others77.653.140.240.2-19.7%
Total3484093614448.5%

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

  1. Taiwan (Chinese) (24.5 tons)
  2. Netherlands (6.8 tons)
  3. Morocco (5.9 tons)
  4. United States (1.6 tons)
  5. Ireland (0.5 tons)
  6. France (0.3 tons)
  7. Italy (0.2 tons)
  8. Germany (0.2 tons)
  9. Poland (0.1 tons)
  10. Belgium (0.1 tons)

Source: IndexBox Market Intelligence Platform

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