Price for Cotton; Sewing Thread, Put Up for Retail Sale in Iraq - 2022

Contents:

  1. Price for Cotton; Sewing Thread, Put Up for Retail Sale in Iraq (CIF) - 2022
  2. Imports of Cotton; Sewing Thread, Put Up for Retail Sale in Iraq

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

The average import price for cotton; sewing thread, put up for retail sale stood at $4,380 per ton in 2022, shrinking by -8.3% against the previous year. Over the period under review, the import price, however, saw a prominent expansion. The pace of growth was the most pronounced in 2015 when the average import price increased by 63%. Over the period under review, average import prices hit record highs at $6,486 per ton in 2017; however, from 2018 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 the United Arab Emirates ($7,732 per ton), while the price for Iran ($2,924 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+6.9%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the amount of cotton; sewing thread, put up for retail sale imported into Iraq dropped notably to 15 tons, waning by -72.7% on the year before. Overall, imports continue to indicate a dramatic descent. The pace of growth appeared the most rapid in 2021 when imports increased by 129%.

In value terms, imports of cotton; sewing thread, put up for retail sale contracted rapidly to $64K in 2022. In general, imports saw a dramatic contraction. The pace of growth appeared the most rapid in 2021 with an increase of 121% against the previous year.

Import of Cotton; Sewing Thread, Put Up for Retail Sale in Iraq (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China37668.317339.7-52.7%
Turkey4.623.79.114.747.3%
Iran2.74.96.65.325.2%
United Arab Emirates79.918.868.03.8-63.8%
Others0.70.60.80.84.6%
Total46311625764.3-48.2%

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

  1. China (9.4 tons)
  2. Turkey (2.9 tons)
  3. Iran (1.8 tons)
  4. United Arab Emirates (0.5 tons)

Source: IndexBox Market Intelligence Platform

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