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

Contents:

  1. Price for Cotton; Sewing Thread, Put Up for Retail Sale in Canada (CIF) - 2024
  2. Price for Cotton; Sewing Thread, Put Up for Retail Sale in Canada (FOB) - 2022
  3. Imports of Cotton; Sewing Thread, Put Up for Retail Sale in Canada
  4. Exports of Cotton; Sewing Thread, Put Up for Retail Sale in Canada

Price for Cotton; Sewing Thread, Put Up for Retail Sale in Canada (CIF) - 2024

The average import price for cotton; sewing thread, put up for retail sale stood at $13,572 per ton in January 2024, surging by 34% against the previous month. In general, the import price, however, saw a mild downturn. The most prominent rate of growth was recorded in August 2023 when the average import price increased by 141% m-o-m. Over the period under review, average import prices hit record highs at $18,017 per ton in February 2023; however, from March 2023 to January 2024, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Romania ($80,514 per ton), while the price for China ($4,668 per ton) was amongst the lowest.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by the United States (+18.1%), 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 Canada (FOB) - 2022

The average export price for cotton; sewing thread, put up for retail sale stood at $12,221 per ton in 2022, reducing by -22% against the previous year. In general, the export price saw a deep setback. The most prominent rate of growth was recorded in 2018 when the average export price increased by 91%. Over the period under review, the average export prices hit record highs at $34,006 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -9.8% per year.

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

In 2022, supplies from abroad of cotton; sewing thread, put up for retail sale decreased by -21.2% to 69 tons, falling for the second year in a row after two years of growth. Overall, imports showed a noticeable curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 61% against the previous year. As a result, imports reached the peak of 128 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of cotton; sewing thread, put up for retail sale contracted notably to $778K in 2022. Over the period under review, imports recorded a pronounced contraction. The most prominent rate of growth was recorded in 2020 with an increase of 9.6%. As a result, imports reached the peak of $990K. From 2021 to 2022, the growth of imports of remained at a lower figure.

Import of Cotton; Sewing Thread, Put Up for Retail Sale in Canada (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China12214019017913.6%
Greece169290169121-10.5%
France27811890.695.4-30.0%
United States68.763.064.594.511.2%
Italy48.510915084.620.4%
Egypt56.056.161.154.0-1.2%
India33.227.454.245.310.9%
Others127188159105-6.1%
Total903990939778-4.8%

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

  1. China (17.1 tons)
  2. United States (13.2 tons)
  3. Greece (11.5 tons)
  4. France (7.8 tons)
  5. Italy (6.4 tons)
  6. India (3.7 tons)
  7. Egypt (3.2 tons)

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

In 2022, the amount of cotton; sewing thread, put up for retail sale exported from Canada skyrocketed to 6.2 tons, increasing by 75% compared with the previous year's figure. Over the period under review, exports saw a significant increase. As a result, the exports reached 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 surged to $76K in 2022. In general, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 56% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Export of Cotton; Sewing Thread, Put Up for Retail Sale in Canada (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States24.134.855.776.246.8%
Others3.51.20.3N/A-70.7%
Total27.636.056.076.240.3%

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

  1. United States (6.2 tons)

Source: IndexBox Market Intelligence Platform

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