Price for Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Egypt - 2024
Contents:
- Price for Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Egypt (FOB) - 2024
- Price for Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Egypt (CIF) - 2022
- Exports of Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Egypt
- Imports of Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Egypt
Price for Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Egypt (FOB) - 2024
The average export price for cotton yarn (other than sewing thread), put up for retail sale stood at $21,457 per ton in March 2024, falling by -12.6% against the previous month. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2023 an increase of 47% month-to-month. Over the period under review, the average export prices hit record highs at $28,193 per ton in October 2023; however, from November 2023 to March 2024, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In March 2024, the country with the highest price was the Netherlands ($28,218 per ton), while the average price for exports to Nigeria ($16,341 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Egypt (CIF) - 2022
The average import price for cotton yarn (other than sewing thread), put up for retail sale stood at $13,223 per ton in 2022, growing by 6.8% against the previous year. Over the period under review, the import price continues to indicate a buoyant increase. The pace of growth was the most pronounced in 2020 when the average import price increased by 111% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were India ($13,250 per ton) and China ($13,250 per ton), while the price for Germany ($10,290 per ton) and Turkey ($13,250 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+17.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Egypt
In 2022, approx. 1K tons of cotton yarn (other than sewing thread), put up for retail sale were exported from Egypt; rising by 22% against 2021. Over the period under review, exports, however, continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2021 with an increase of 34% against the previous year.
In value terms, exports of cotton yarn (other than sewing thread), put up for retail sale rose to $11M in 2022. In general, exports enjoyed prominent growth. The most prominent rate of growth was recorded in 2021 when exports increased by 134%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Egypt (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 5.1 | 2.9 | 4.0 | 4.5 | -4.1% |
| Italy | 0.6 | N/A | 0.9 | 1.6 | 38.7% |
| United States | 0.2 | 0.6 | 1.1 | 1.2 | 81.7% |
| Germany | 0.1 | N/A | 0.3 | 1.2 | 128.9% |
| Romania | N/A | N/A | 0.9 | 1.0 | 11.1% |
| Austria | N/A | N/A | N/A | 0.8 | 0% |
| Czech Republic | N/A | N/A | 0.2 | 0.3 | 50.0% |
| Nigeria | 0.2 | 0.3 | 1.3 | N/A | 155.0% |
| Hungary | 0.5 | 0.2 | 0.1 | N/A | -55.3% |
| Pakistan | N/A | N/A | 1.0 | N/A | 0% |
| Others | 0.8 | 0.4 | 0.7 | 0.3 | -27.9% |
| Total | 7.5 | 4.4 | 10.4 | 10.9 | 13.3% |
Top Export Markets for Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale from Egypt in 2022:
- Turkey (453.9 tons)
- Italy (159.6 tons)
- Germany (122.6 tons)
- Romania (96.7 tons)
- United States (79.3 tons)
- Austria (76.1 tons)
- Czech Republic (22.9 tons)
- Hungary (2.0 tons)
Imports of Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Egypt
In 2022, imports of cotton yarn (other than sewing thread), put up for retail sale into Egypt declined rapidly to 2.5 tons, with a decrease of -80.2% on the previous year's figure. Over the period under review, imports continue to indicate a dramatic downturn. The smallest decline of -24.7% was in 2021.
In value terms, imports of cotton yarn (other than sewing thread), put up for retail sale shrank remarkably to $34K in 2022. In general, imports recorded a sharp shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 15%.
| Import of Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 88.7 | N/A | N/A | 27.5 | -32.3% |
| India | 398 | N/A | 152 | 2.0 | -82.9% |
| China | 12.2 | 135 | 3.1 | 1.6 | -49.2% |
| Pakistan | 318 | N/A | N/A | 1.5 | -83.2% |
| Hong Kong SAR | 16.3 | N/A | 2.3 | N/A | -62.4% |
| Others | 1.6 | 3.1 | 1.1 | 1.0 | -14.5% |
| Total | 834 | 138 | 159 | 33.5 | -65.8% |
Top Suppliers of Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale to Egypt in 2022:
- Turkey (2074.0 kg)
- India (148.0 kg)
- China (122.0 kg)
- Pakistan (113.0 kg)
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