Price for Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Myanmar - 2023
Contents:
- Price for Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Myanmar (CIF) - 2023
- Price for Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Myanmar (FOB) - 2022
- Imports of Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Myanmar
- Exports of Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Myanmar
Price for Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Myanmar (CIF) - 2023
In December 2023, the average import price for cotton yarn (other than sewing thread), put up for retail sale amounted to $2,919 per ton, rising by 15% against the previous month. In general, import price indicated a moderate expansion from December 2022 to December 2023: its price increased at an average monthly rate of +3.6% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, import price for cotton yarn (other than sewing thread), put up for retail sale increased by +67.7% against August 2023 indices. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 50% against the previous month. The import price peaked in December 2023.
Prices varied noticeably by the country of origin: the country with the highest price was China ($4,531 per ton), while the price for India stood at $1,545 per ton.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Thailand (+15.8%), while the prices for the other major suppliers experienced a decline.
Price for Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Myanmar (FOB) - 2022
The average export price for cotton yarn (other than sewing thread), put up for retail sale stood at $7,530 per ton in 2022, remaining stable against the previous year. Overall, the export price recorded a deep downturn. The most prominent rate of growth was recorded in 2016 when the average export price increased by 141% against the previous year. Over the period under review, the average export prices reached the maximum at $25,416 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($31,396 per ton), while the average price for exports to India totaled $4,688 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+7.4%).
Imports of Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Myanmar
In 2022, the amount of cotton yarn (other than sewing thread), put up for retail sale imported into Myanmar reached 4.9K tons, growing by 2.7% against 2021. Overall, imports, however, recorded a noticeable decrease. The growth pace was the most rapid in 2021 with an increase of 9.2%.
In value terms, imports of cotton yarn (other than sewing thread), put up for retail sale expanded slightly to $8.9M in 2022. In general, imports, however, showed a slight curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 16%.
| Import of Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Myanmar (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 6.7 | 4.8 | 5.1 | 5.4 | -6.9% |
| Thailand | 1.0 | 1.0 | 1.9 | 2.2 | 30.1% |
| China | 0.3 | 0.9 | 0.6 | 0.5 | 18.6% |
| South Korea | 0.9 | 0.4 | 0.5 | 0.4 | -23.7% |
| Others | 0.4 | 0.4 | 0.5 | 0.4 | 0.0% |
| Total | 9.3 | 7.5 | 8.7 | 8.9 | -1.5% |
Top Suppliers of Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale to Myanmar in 2022:
- India (3558.4 tons)
- Thailand (801.8 tons)
- China (322.1 tons)
- South Korea (133.9 tons)
Exports of Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Myanmar
In 2022, after three years of growth, there was significant decline in overseas shipments of cotton yarn (other than sewing thread), put up for retail sale, when their volume decreased by -28.7% to 42 tons. Over the period under review, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 4,068%.
In value terms, exports of cotton yarn (other than sewing thread), put up for retail sale contracted rapidly to $313K in 2022. Overall, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 3,424%.
| Export of Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 4.4 | 138 | 291 | 174 | 240.7% |
| Thailand | 0.9 | 43.1 | 145 | 138 | 435.2% |
| Others | N/A | 4.4 | 3.9 | 0.1 | -84.9% |
| Total | 5.3 | 185 | 440 | 313 | 289.4% |
Top Export Markets for Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale from Myanmar in 2022:
- India (37.1 tons)
- Thailand (4.4 tons)
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