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

Contents:

  1. Price for Cotton; Sewing Thread, Put Up for Retail Sale in Saudi Arabia (FOB) - 2022
  2. Exports of Cotton; Sewing Thread, Put Up for Retail Sale in Saudi Arabia

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

In 2021, the average export price for cotton; sewing thread, put up for retail sale amounted to $19,969 per ton, growing by 32% against the previous year. Over the period from 2020 to 2021, it increased at an average annual rate of +31.9%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($2,795 per ton), while the average price for exports to Bahrain ($804 per ton) was amongst the lowest.

From 2020 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Jordan (0.0%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, approx. 563 kg of cotton; sewing thread, put up for retail sale were exported from Saudi Arabia; waning by -54.3% against the previous year's figure. Overall, exports recorded a abrupt decrease. The growth pace was the most rapid in 2021 when exports increased by 247%. As a result, the exports attained the peak of 1.2 tons, and then fell sharply in the following year.

In value terms, exports of cotton; sewing thread, put up for retail sale fell sharply to $11K in 2022. Over the period under review, exports showed a perceptible descent. The pace of growth appeared the most rapid in 2021 when exports increased by 358% against the previous year. As a result, the exports attained the peak of $25K, and then fell notably in the following year.

Export of Cotton; Sewing Thread, Put Up for Retail Sale in Saudi Arabia (Thousand USD)
COUNTRY20202021CAGR,
2020-2021
United Arab EmiratesN/A23.20%
QatarN/A0.70%
BahrainN/A0.50%
Jordan5.4N/A0%
OthersN/A0.30%
Total5.424.6355.6%

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

  1. United Arab Emirates (8.3 tons)
  2. Bahrain (0.6 tons)
  3. Qatar (0.3 tons)

Source: IndexBox Market Intelligence Platform

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