Price for Wadding; Other Articles Thereof, of Cotton in Thailand - 2024
Contents:
- Price for Wadding; Other Articles Thereof, of Cotton in Thailand (FOB) - 2024
- Price for Wadding; Other Articles Thereof, of Cotton in Thailand (CIF) - 2024
- Exports of Wadding; Other Articles Thereof, of Cotton in Thailand
- Imports of Wadding; Other Articles Thereof, of Cotton in Thailand
Price for Wadding; Other Articles Thereof, of Cotton in Thailand (FOB) - 2024
The average export price for wadding; other articles thereof, of cotta stood at $6,651 per ton in May 2024, shrinking by -1.7% against the previous month. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in November 2023 when the average export price increased by 11% m-o-m. As a result, the export price reached the peak level of $6,970 per ton. From December 2023 to May 2024, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In May 2024, the country with the highest price was Japan ($11,769 per ton), while the average price for exports to the United Arab Emirates ($4,840 per ton) was amongst the lowest.
From May 2023 to May 2024, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+2.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Wadding; Other Articles Thereof, of Cotton in Thailand (CIF) - 2024
The average import price for wadding; other articles thereof, of cotta stood at $7,075 per ton in May 2024, picking up by 31% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.6%. The pace of growth appeared the most rapid in March 2024 when the average import price increased by 37% month-to-month. The import price peaked at $8,177 per ton in December 2023; however, from January 2024 to May 2024, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Vietnam ($10,250 per ton), while the price for Malaysia ($6,656 per ton) was amongst the lowest.
From May 2023 to May 2024, the most notable rate of growth in terms of prices was attained by Vietnam (+3.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Wadding; Other Articles Thereof, of Cotton in Thailand
In 2022, the amount of wadding; other articles thereof, of cotta exported from Thailand was estimated at 2.2K tons, with an increase of 3.2% on the previous year. In general, exports, however, saw a relatively flat trend pattern.
In value terms, exports of wadding; other articles thereof, of cotta rose rapidly to $14M in 2022. The total export value increased at an average annual rate of +2.0% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Wadding; Other Articles Thereof, of Cotton in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | 5.5 | 6.5 | 6.2 | 7.7 | 11.9% |
| Vietnam | 1.3 | 1.5 | 1.3 | 1.3 | 0.0% |
| Taiwan (Chinese) | 0.8 | 0.9 | 0.9 | 1.0 | 7.7% |
| Hong Kong SAR | 1.0 | 1.2 | 1.1 | 0.9 | -3.5% |
| Japan | 1.0 | 0.9 | 0.8 | 0.7 | -11.2% |
| Chile | 0.3 | 0.3 | 0.4 | 0.3 | 0.0% |
| South Korea | 0.4 | 0.5 | 0.5 | 0.3 | -9.1% |
| United Arab Emirates | 0.2 | 0.1 | 0.1 | 0.2 | 0.0% |
| South Africa | 1.0 | 0.6 | 0.3 | N/A | -45.2% |
| Others | 1.5 | 1.3 | 1.6 | 1.4 | -2.3% |
| Total | 13.2 | 13.8 | 13.1 | 14.0 | 2.0% |
Top Export Markets for Wadding; Other Articles Thereof, of Cotton from Thailand in 2022:
- Philippines (1076.6 tons)
- Vietnam (248.1 tons)
- Taiwan (Chinese) (227.3 tons)
- Hong Kong SAR (170.2 tons)
- Japan (100.4 tons)
- Chile (59.6 tons)
- South Korea (57.0 tons)
- United Arab Emirates (42.3 tons)
Imports of Wadding; Other Articles Thereof, of Cotton in Thailand
Imports of wadding; other articles thereof, of cotta into Thailand skyrocketed to 1K tons in 2022, growing by 18% on 2021 figures. Overall, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +13.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +59.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 35% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of wadding; other articles thereof, of cotta soared to $7.5M in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +17.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +82.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 51%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the immediate term.
| Import of Wadding; Other Articles Thereof, of Cotton in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,615 | 1,242 | 2,224 | 3,114 | 24.5% |
| Malaysia | 1,333 | 1,101 | 1,337 | 1,766 | 9.8% |
| Japan | 972 | 1,117 | 1,515 | 1,276 | 9.5% |
| Philippines | 0.3 | 8.2 | 346 | 886 | 1334.7% |
| Vietnam | 356 | 313 | 548 | 251 | -11.0% |
| India | 134 | 130 | 107 | 89.5 | -12.6% |
| Italy | 178 | 142 | 1.8 | 1.2 | -81.1% |
| Others | 68.7 | 74.3 | 151 | 150 | 29.7% |
| Total | 4,656 | 4,128 | 6,230 | 7,533 | 17.4% |
Top Suppliers of Wadding; Other Articles Thereof, of Cotton to Thailand in 2022:
- China (582.3 tons)
- Malaysia (223.8 tons)
- Japan (93.6 tons)
- India (37.9 tons)
- Vietnam (33.4 tons)
- Philippines (27.0 tons)
- Italy (0.1 tons)
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