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

Contents:

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

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

In 2022, the average import price for cotton; sewing thread, put up for retail sale amounted to $3,633 per ton, waning by -8.5% against the previous year. Over the period under review, the import price continues to indicate a abrupt slump. The pace of growth appeared the most rapid in 2017 when the average import price increased by 70%. Over the period under review, average import prices attained the peak figure at $30,371 per ton in 2013; however, from 2014 to 2022, 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 Germany ($16,655 per ton), while the price for China ($867 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+13.5%), while the prices for the other major suppliers experienced a decline.

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

The average export price for cotton; sewing thread, put up for retail sale stood at $29,461 per ton in 2022, picking up by 3.5% against the previous year. Overall, the export price posted a pronounced expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 122%. Over the period under review, the average export prices reached the maximum at $38,599 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($43,590 per ton), while the average price for exports to Switzerland ($1,026 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 Poland (+45.9%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, purchases abroad of cotton; sewing thread, put up for retail sale increased by 49% to 22 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, recorded a drastic downturn.

In value terms, imports of cotton; sewing thread, put up for retail sale soared to $81K in 2022. Overall, imports, however, saw a abrupt descent.

Import of Cotton; Sewing Thread, Put Up for Retail Sale in Bulgaria (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Greece54.14.832.143.2-7.2%
Germany13.216.96.912.5-1.8%
Turkey24.85.87.712.0-21.5%
China17.920.010.37.1-26.5%
Italy39.514.92.25.4-48.5%
Others4.9N/A0.30.8-45.3%
Total15462.459.481.0-19.3%

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

  1. Greece (11.7 tons)
  2. China (8.2 tons)
  3. Turkey (0.8 tons)
  4. Italy (0.8 tons)
  5. Germany (0.7 tons)

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

For the third consecutive year, Bulgaria recorded decline in overseas shipments of cotton; sewing thread, put up for retail sale, which decreased by -56.6% to 532 kg in 2022. Overall, exports faced a precipitous contraction. The smallest decline of -29% was in 2020.

In value terms, exports of cotton; sewing thread, put up for retail sale reduced dramatically to $16K in 2022. In general, exports faced a sharp reduction. The most prominent rate of growth was recorded in 2020 when exports increased by 57%. As a result, the exports attained the peak of $110K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Export of Cotton; Sewing Thread, Put Up for Retail Sale in Bulgaria (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
France35.928.316.210.6-33.4%
Greece20.14.718.13.2-45.8%
BelgiumN/AN/AN/A1.10%
Serbia0.83.5N/A0.7-4.4%
SwitzerlandN/AN/AN/AN/A0%
United Kingdom13.09.3N/AN/A-28.5%
PolandN/A63.9N/AN/A0%
OthersN/AN/A0.6N/A0%
Total69.711034.915.7-39.2%

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

  1. France (244.0 kg)
  2. Greece (180.0 kg)
  3. Switzerland (39.0 kg)
  4. Belgium (38.0 kg)
  5. Serbia (31.0 kg)

Source: IndexBox Market Intelligence Platform

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