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

Contents:

  1. Price for Cotton; Sewing Thread, Put Up for Retail Sale in Italy (CIF) - 2023
  2. Price for Cotton; Sewing Thread, Put Up for Retail Sale in Italy (FOB) - 2022
  3. Imports of Cotton; Sewing Thread, Put Up for Retail Sale in Italy
  4. Exports of Cotton; Sewing Thread, Put Up for Retail Sale in Italy

Price for Cotton; Sewing Thread, Put Up for Retail Sale in Italy (CIF) - 2023

The average import price for cotton; sewing thread, put up for retail sale stood at $16,972 per ton in December 2023, shrinking by -3.4% against the previous month. In general, the import price showed a slight decline. The pace of growth appeared the most rapid in July 2023 when the average import price increased by 60% against the previous month. Over the period under review, average import prices attained the peak figure at $21,087 per ton in December 2022; however, from January 2023 to December 2023, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From December 2022 to December 2023, the rate of growth in terms of prices for Germany amounted to +3.4% per month.

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

In 2022, the average export price for cotton; sewing thread, put up for retail sale amounted to $17,457 per ton, surging by 32% against the previous year. Over the period under review, the export price recorded prominent growth. The most prominent rate of growth was recorded in 2020 an increase of 95% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($71,929 per ton), while the average price for exports to France ($9,388 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 Switzerland (+10.6%), 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 Italy

In 2022, imports of cotton; sewing thread, put up for retail sale into Italy surged to 157 tons, growing by 16% compared with the previous year's figure. Over the period under review, imports, however, recorded a noticeable setback. The pace of growth was the most pronounced in 2021 with an increase of 25% against the previous year.

In value terms, imports of cotton; sewing thread, put up for retail sale rose remarkably to $1.9M in 2022. In general, imports, however, showed a slight setback. The pace of growth appeared the most rapid in 2021 with an increase of 34% against the previous year.

Import of Cotton; Sewing Thread, Put Up for Retail Sale in Italy (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China26024435048423.0%
Germany14431136847048.3%
Hungary467432477422-3.3%
India581257499318-18.2%
EgyptN/A26.8N/A69.961.5%
Slovenia426N/AN/AN/A0%
Others73.922.741.910512.4%
Total1,9511,2941,7351,869-1.4%

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

  1. China (82.6 tons)
  2. India (31.2 tons)
  3. Germany (23.8 tons)
  4. Hungary (9.6 tons)
  5. Egypt (6.3 tons)

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

In 2022, the amount of cotton; sewing thread, put up for retail sale exported from Italy reduced rapidly to 26 tons, falling by -27.8% against the year before. Overall, exports saw a precipitous setback.

In value terms, exports of cotton; sewing thread, put up for retail sale dropped modestly to $445K in 2022. Over the period under review, exports faced a abrupt contraction.

Export of Cotton; Sewing Thread, Put Up for Retail Sale in Italy (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Tunisia390191189125-31.6%
Morocco80.861.283.612014.1%
French PolynesiaN/A20.015.251.159.8%
Romania34.650.790.432.4-2.2%
France2.82.65.820.995.4%
Greece1.31.80.115.1126.5%
TurkeyN/A6.2N/A11.536.2%
Cote d'Ivoire106N/AN/AN/A0%
UruguayN/A19.8N/AN/A0%
Others56.915584.068.56.4%
Total673508468445-12.9%

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

  1. Tunisia (9.1 tons)
  2. Morocco (6.3 tons)
  3. Romania (2.6 tons)
  4. France (2.2 tons)
  5. French Polynesia (1.9 tons)
  6. Greece (0.9 tons)
  7. Turkey (0.4 tons)

Source: IndexBox Market Intelligence Platform

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