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

Contents:

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

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

The average import price for cotton; sewing thread, put up for retail sale stood at $7,582 per ton in 2022, with a decrease of -31.6% against the previous year. In general, the import price, however, continues to indicate pronounced growth. The pace of growth was the most pronounced in 2021 when the average import price increased by 83%. As a result, import price attained the peak level of $11,084 per ton, and then reduced sharply in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($66,115 per ton), while the price for the United Arab Emirates ($1,479 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+7.5%), 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 Kuwait (FOB) - 2022

In 2022, the average export price for cotton; sewing thread, put up for retail sale amounted to $15,000 per ton, declining by -11.8% against the previous year. In general, the export price, however, enjoyed a prominent increase. The pace of growth was the most pronounced in 2015 an increase of 31% against the previous year. The export price peaked at $26,814 per ton in 2019; however, from 2020 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 Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for Saudi Arabia amounted to +52.3% per year.

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

In 2022, the amount of cotton; sewing thread, put up for retail sale imported into Kuwait expanded remarkably to 5.5 tons, with an increase of 13% compared with the previous year's figure. The total import volume increased at an average annual rate of +10.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 14%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, imports of cotton; sewing thread, put up for retail sale contracted sharply to $42K in 2022. Overall, imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 108% against the previous year. As a result, imports attained the peak of $54K, and then contracted significantly in the following year.

Import of Cotton; Sewing Thread, Put Up for Retail Sale in Kuwait (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Kingdom0.811.235.619.0187.4%
Turkey6.51.52.98.17.6%
India0.10.71.36.2295.8%
China10.16.55.54.8-22.0%
United States0.20.50.80.751.8%
United Arab Emirates4.41.01.50.7-45.8%
Spain0.50.30.80.4-7.2%
Taiwan (Chinese)4.80.80.60.1-72.5%
IranN/A1.5N/AN/A0%
Others6.51.95.11.8-34.8%
Total34.025.954.041.87.1%

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

  1. China (1637.0 kg)
  2. Turkey (1506.0 kg)
  3. India (1159.0 kg)
  4. United Arab Emirates (463.0 kg)
  5. United Kingdom (288.0 kg)
  6. United States (134.0 kg)
  7. Spain (96.0 kg)
  8. Taiwan (Chinese) (11.0 kg)

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

In 2022, shipments abroad of cotton; sewing thread, put up for retail sale decreased by 0% to 1 kg, falling for the second consecutive year after two years of growth. Over the period under review, exports recorded a significant decline. The pace of growth was the most pronounced in 2020 when exports increased by 24% against the previous year. As a result, the exports reached the peak of 73 kg. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of cotton; sewing thread, put up for retail sale shrank to $15 in 2022. In general, exports faced a sharp slump. The pace of growth was the most pronounced in 2020 with an increase of 10% against the previous year. As a result, the exports attained the peak of $1.7K. 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 Kuwait (USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Arab EmiratesN/AN/AN/A15.00%
QatarN/A480N/AN/A0%
Saudi Arabia1,5821,266N/AN/A-20.0%
OthersN/AN/A17.0N/A0%
Total1,5821,74617.015.0-78.8%

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

  1. United Arab Emirates (1.0 kg)

Source: IndexBox Market Intelligence Platform

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