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

Contents:

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

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

In 2022, the average import price for cotton; sewing thread, put up for retail sale amounted to $34,798 per ton, rising by 43% against the previous year. Overall, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for cotton; sewing thread, put up for retail sale increased by +116.6% against 2018 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 States ($61,641 per ton), while the price for the Netherlands ($4,642 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+51.6%), 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 Ireland (FOB) - 2022

In 2022, the average export price for cotton; sewing thread, put up for retail sale amounted to $15,692 per ton, with a decrease of -23.1% against the previous year. In general, the export price showed a drastic downturn. The pace of growth appeared the most rapid in 2020 a decrease of -4.3%. Over the period under review, the average export prices attained the maximum at $29,111 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($17,247 per ton), while the average price for exports to Ukraine amounted to $10,714 per ton.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (-6.3%).

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

In 2022, overseas purchases of cotton; sewing thread, put up for retail sale decreased by -24.4% to 4.8 tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +2.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 26%. As a result, imports attained the peak of 6.4 tons, and then dropped significantly in the following year.

In value terms, imports of cotton; sewing thread, put up for retail sale expanded rapidly to $168K in 2022. In general, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +25.2% 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 +96.3% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 49% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Import of Cotton; Sewing Thread, Put Up for Retail Sale in Ireland (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Kingdom26.064.742.332.47.6%
China38.637.165.330.6-7.4%
United States13.221.119.022.118.7%
Germany3.34.11.84.28.4%
IndiaN/A0.42.52.1129.1%
NetherlandsN/AN/A0.61.183.3%
DenmarkN/AN/A0.90.90.0%
Hong Kong SAR4.4N/A5.80.4-55.0%
OthersN/A0.317.074.11471.6%
Total85.612815516825.2%

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

  1. China (2039.0 kg)
  2. United Kingdom (888.0 kg)
  3. United States (359.0 kg)
  4. Netherlands (246.0 kg)
  5. Germany (230.0 kg)
  6. India (160.0 kg)
  7. Denmark (107.0 kg)
  8. Hong Kong SAR (14.0 kg)

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

In 2022, approx. 107 kg of cotton; sewing thread, put up for retail sale were exported from Ireland; increasing by 123% on the previous year. In general, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 6,680%. As a result, the exports reached the peak of 1 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of cotton; sewing thread, put up for retail sale surged to $1.7K in 2022. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 6,392% against the previous year. As a result, the exports attained the peak of $23K. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Export of Cotton; Sewing Thread, Put Up for Retail Sale in Ireland (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United KingdomN/AN/A0.91.344.4%
UkraineN/AN/AN/A0.30%
SingaporeN/A17.9N/AN/A0%
United StatesN/A5.1N/AN/A0%
Others0.4N/A0.10.1-37.0%
Total0.423.01.01.762.0%

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

  1. United Kingdom (77.0 kg)
  2. Ukraine (28.0 kg)

Source: IndexBox Market Intelligence Platform

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