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

Contents:

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

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

The average import price for cotton; sewing thread, put up for retail sale stood at $10,393 per ton in 2022, increasing by 38% against the previous year. In general, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for cotton; sewing thread, put up for retail sale increased by +3.2% against 2018 indices. The pace of growth appeared the most rapid in 2018 an increase of 61%. The import price peaked in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($37,529 per ton), while the price for China ($4,602 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+17.7%), 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 Bangladesh (FOB) - 2022

The average export price for cotton; sewing thread, put up for retail sale stood at $11,107 per ton in 2022, with a decrease of -21.1% against the previous year. Overall, the export price, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2017 an increase of 109% against the previous year. The export price peaked at $14,071 per ton in 2021, and then declined rapidly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Maldives ($37,500 per ton), while the average price for exports to the United Arab Emirates ($3,571 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 Maldives (+48.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Cotton; Sewing Thread, Put Up for Retail Sale in Bangladesh

In 2022, overseas purchases of cotton; sewing thread, put up for retail sale decreased by -14.4% to 22 tons, falling for the second consecutive year after two years of growth. Overall, imports saw a perceptible descent. The most prominent rate of growth was recorded in 2020 with an increase of 6.8% against the previous year. As a result, imports reached the peak of 27 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of cotton; sewing thread, put up for retail sale soared to $229K in 2022. The total import value increased at an average annual rate of +10.6% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 20%. Imports peaked in 2022 and are likely to see steady growth in the near future.

Import of Cotton; Sewing Thread, Put Up for Retail Sale in Bangladesh (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Taiwan (Chinese)86.110311213115.0%
India21.316.226.448.931.9%
Italy8.710.411.313.214.9%
Spain7.89.410.211.915.1%
China20.943.418.910.0-21.8%
Turkey6.05.74.74.9-6.5%
Others18.314.510.29.5-19.6%
Total16920219322910.7%

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

  1. Taiwan (Chinese) (13.6 tons)
  2. India (3.5 tons)
  3. China (2.2 tons)
  4. Italy (1.4 tons)
  5. Spain (0.7 tons)
  6. Turkey (0.4 tons)

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

In 2022, approx. 234 kg of cotton; sewing thread, put up for retail sale were exported from Bangladesh; falling by -64.5% compared with the previous year's figure. Overall, exports continue to indicate a pronounced setback. The pace of growth was the most pronounced in 2021 with an increase of 166% against the previous year. As a result, the exports attained the peak of 660 kg, and then shrank remarkably in the following year.

In value terms, exports of cotton; sewing thread, put up for retail sale shrank rapidly to $2.6K in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 325%. As a result, the exports attained the peak of $9.3K, and then dropped remarkably in the following year.

Export of Cotton; Sewing Thread, Put Up for Retail Sale in Bangladesh (USD)
COUNTRY2019202020212022CAGR,
2019-2022
Brunei Darussalam1,2251,1461,8311,2691.2%
MozambiqueN/AN/AN/A7920%
Bahrain20.07842,261369164.2%
Maldives17915518275.0-25.2%
United Arab Emirates98.084.099.050.0-20.1%
VietnamN/AN/A4,277N/A0%
Others1,09314.063744.0-65.7%
Total2,6152,1839,2872,599-0.2%

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

  1. Mozambique (118.0 kg)
  2. Brunei Darussalam (55.0 kg)
  3. Bahrain (41.0 kg)
  4. United Arab Emirates (14.0 kg)
  5. Maldives (2.0 kg)

Source: IndexBox Market Intelligence Platform

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