Price for Cotton; Sewing Thread, Put Up for Retail Sale in Norway - 2024

Contents:

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

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

In 2022, the average import price for cotton; sewing thread, put up for retail sale amounted to $18,556 per ton, with an increase of 24% against the previous year. Overall, the import price, however, saw a pronounced reduction. The pace of growth was the most pronounced in 2021 an increase of 43% against the previous year. The import price peaked at $29,973 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Germany ($93,248 per ton), while the price for India ($13,944 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+4.6%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for cotton; sewing thread, put up for retail sale stood at $50,419 per ton in 2022, dropping by -53.3% against the previous year. Over the period under review, the export price, however, recorded strong growth. The most prominent rate of growth was recorded in 2019 an increase of 337% against the previous year. The export price peaked at $116,022 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Estonia ($65,400 per ton), while the average price for exports to Faroe Islands stood at $49,670 per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+33.1%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, supplies from abroad of cotton; sewing thread, put up for retail sale decreased by -78.1% to 15 tons, falling for the second year in a row after two years of growth. In general, imports recorded a sharp downturn. The pace of growth appeared the most rapid in 2020 when imports increased by 120%. As a result, imports attained the peak of 81 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of cotton; sewing thread, put up for retail sale contracted notably to $288K in 2022. Overall, imports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2020 with an increase of 67% against the previous year.

Import of Cotton; Sewing Thread, Put Up for Retail Sale in Norway (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
India409704962190-22.6%
Greece31.132.336.328.3-3.1%
Germany2.73.45.824.1107.4%
ChinaN/A39.68.710.9-47.5%
Others62.365.645.834.6-17.8%
Total5058451,058288-17.1%

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

  1. India (13.6 tons)
  2. China (0.5 tons)
  3. Greece (0.5 tons)
  4. Germany (0.3 tons)

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

Exports of cotton; sewing thread, put up for retail sale from Norway surged to 210 kg in 2022, rising by 468% compared with the previous year. In general, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of cotton; sewing thread, put up for retail sale soared to $11K in 2022. Overall, exports posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 170% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Export of Cotton; Sewing Thread, Put Up for Retail Sale in Norway (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Faroe IslandsN/AN/AN/A9.90%
EstoniaN/AN/A0.80.7-12.5%
Thailand1.9N/AN/AN/A0%
SwedenN/A1.30.8N/A-38.5%
DenmarkN/A1.90.8N/A-57.9%
NetherlandsN/A1.51.5N/A0.0%
OthersN/A0.5N/AN/A0%
Total1.95.24.010.677.4%

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

  1. Faroe Islands (200.0 kg)
  2. Estonia (10.0 kg)

Source: IndexBox Market Intelligence Platform

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