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

Contents:

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

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

The average import price for cotton; sewing thread, put up for retail sale stood at $23,205 per ton in 2022, rising by 50% against the previous year. Over the last decade, it increased at an average annual rate of +3.6%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($30,228 per ton), while the price for Poland ($16,300 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+9.5%), 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 Lithuania (FOB) - 2022

The average export price for cotton; sewing thread, put up for retail sale stood at $42,833 per ton in 2022, declining by -18.1% against the previous year. Over the period under review, the export price, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2020 an increase of 124%. Over the period under review, the average export prices hit record highs at $52,269 per ton in 2021, and then declined dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($153,000 per ton), while the average price for exports to Norway ($10,000 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 Norway (+58.5%), 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 Lithuania

After three years of growth, purchases abroad of cotton; sewing thread, put up for retail sale decreased by -49.4% to 2.8 tons in 2022. In general, imports showed a abrupt descent. The most prominent rate of growth was recorded in 2021 when imports increased by 60% against the previous year. As a result, imports attained the peak of 5.5 tons, and then dropped significantly in the following year.

In value terms, imports of cotton; sewing thread, put up for retail sale contracted markedly to $65K in 2022. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +9.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +30.1% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 34% against the previous year. As a result, imports reached the peak of $86K, and then shrank notably in the following year.

Import of Cotton; Sewing Thread, Put Up for Retail Sale in Lithuania (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Turkey44.948.176.653.45.9%
China0.23.60.76.5219.1%
Germany1.13.33.23.039.7%
Poland0.51.71.20.711.9%
Latvia1.70.50.50.5-33.5%
Russia1.36.41.7N/A14.4%
Others0.10.21.60.791.3%
Total49.863.985.564.89.2%

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

  1. Turkey (2389.0 kg)
  2. China (215.0 kg)
  3. Germany (109.0 kg)
  4. Poland (40.0 kg)
  5. Latvia (26.0 kg)

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

In 2022, after three years of growth, there was significant decline in overseas shipments of cotton; sewing thread, put up for retail sale, when their volume decreased by -94.4% to 6 kg. Overall, exports faced a significant contraction. The most prominent rate of growth was recorded in 2020 with an increase of 118%.

In value terms, exports of cotton; sewing thread, put up for retail sale fell markedly to $257 in 2022. In general, exports faced a sharp shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 389% against the previous year.

Export of Cotton; Sewing Thread, Put Up for Retail Sale in Lithuania (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Russia0.63.15.30.2-30.7%
Czech RepublicN/AN/AN/A0.10%
TajikistanN/AN/AN/AN/A0%
NorwayN/AN/AN/AN/A0%
BelarusN/AN/A0.2N/A0%
OthersN/AN/A0.1N/A0%
Total0.63.15.60.3-20.6%

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

  1. Czech Republic (4.0 kg)
  2. Norway (1.0 kg)
  3. Russia (1.0 kg)

Source: IndexBox Market Intelligence Platform

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