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

Contents:

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

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

In 2022, the average import price for cotton; sewing thread, put up for retail sale amounted to $9,499 per ton, picking up by 66% against the previous year. Over the period under review, the import price showed a modest expansion. The import price peaked at $14,774 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Taiwan (Chinese) ($9,495 per ton) and Germany ($9,486 per ton), while the price for Hong Kong SAR ($9,118 per ton) and Japan ($9,484 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+8.1%), 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 Vietnam (FOB) - 2022

In 2022, the average export price for cotton; sewing thread, put up for retail sale amounted to $14,691 per ton, picking up by 31% against the previous year. In general, the export price enjoyed a moderate increase. The pace of growth appeared the most rapid in 2016 an increase of 132% against the previous year. As a result, the export price attained the peak level of $29,024 per ton. From 2017 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($73,000 per ton), while the average price for exports to Guatemala ($4,283 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 the Philippines (+32.2%), 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 Vietnam

In 2022, the amount of cotton; sewing thread, put up for retail sale imported into Vietnam plummeted to 44 tons, dropping by -70.2% against the previous year. Overall, imports saw a sharp slump. The most prominent rate of growth was recorded in 2021 with an increase of 31%.

In value terms, imports of cotton; sewing thread, put up for retail sale fell remarkably to $419K in 2022. In general, imports continue to indicate a sharp reduction. The growth pace was the most rapid in 2021 with an increase of 6.2%.

Import of Cotton; Sewing Thread, Put Up for Retail Sale in Vietnam (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China496318535238-21.7%
South Korea75318216078.8-52.9%
Hong Kong SAR50719754.746.9-54.8%
Japan13847.828.419.2-48.2%
Germany14.22.524.512.9-3.1%
Taiwan (Chinese)75.411.911.02.9-66.2%
Peru48.717.39.22.3-63.9%
Others51.021.324.219.1-27.9%
Total2,083798847419-41.4%

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

  1. China (25.0 tons)
  2. South Korea (8.3 tons)
  3. Hong Kong SAR (5.1 tons)
  4. Japan (2.0 tons)
  5. Germany (1.4 tons)
  6. Taiwan (Chinese) (0.3 tons)
  7. Peru (0.2 tons)

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

In 2022, the amount of cotton; sewing thread, put up for retail sale exported from Vietnam fell markedly to 3.8 tons, which is down by -72.7% compared with the year before. In general, exports showed a significant contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 96%.

In value terms, exports of cotton; sewing thread, put up for retail sale reduced sharply to $56K in 2022. Over the period under review, exports faced a precipitous shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 71%.

Export of Cotton; Sewing Thread, Put Up for Retail Sale in Vietnam (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
South Korea1.50.427.412.9104.9%
Hong Kong SAR3.20.53.311.050.9%
Cambodia25.430.544.410.6-25.3%
Guatemala67.719.933.38.6-49.7%
Philippines24.68.014.74.2-44.5%
Lao People's Democratic Republic15.322.00.93.2-40.6%
Malaysia2.70.62.50.9-30.7%
BahrainN/A0.54.30.1-55.3%
AustraliaN/AN/A3.1N/A0%
Others26.89.423.14.7-44.0%
Total16791.815756.3-30.4%

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

  1. Guatemala (2008.0 kg)
  2. South Korea (411.0 kg)
  3. Cambodia (410.0 kg)
  4. Lao People's Democratic Republic (378.0 kg)
  5. Hong Kong SAR (245.0 kg)
  6. Malaysia (134.0 kg)
  7. Philippines (79.0 kg)
  8. Bahrain (5.0 kg)

Source: IndexBox Market Intelligence Platform

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