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

Contents:

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

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

In 2022, the average import price for cotton; sewing thread, put up for retail sale amounted to $4,681 per ton, increasing by 29% against the previous year. Over the period under review, the import price, however, recorded a mild curtailment. The most prominent rate of growth was recorded in 2016 when the average import price increased by 267%. As a result, import price reached the peak level of $24,399 per ton. From 2017 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Egypt ($18,450 per ton), while the price for China ($2,896 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+3.5%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average export price for cotton; sewing thread, put up for retail sale amounted to $45,187 per ton, increasing by 122% against the previous year. In general, the export price showed resilient growth. The growth pace was the most rapid in 2019 an increase of 299% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Latvia ($51,049 per ton), while the average price for exports to Mongolia ($26,357 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 Latvia (+27.2%), 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 Russia

In 2022, supplies from abroad of cotton; sewing thread, put up for retail sale decreased by -46.2% to 49 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, continue to indicate a moderate expansion. The growth pace was the most rapid in 2021 when imports increased by 72%. As a result, imports reached the peak of 91 tons, and then declined remarkably in the following year.

In value terms, imports of cotton; sewing thread, put up for retail sale fell notably to $231K in 2022. Overall, imports faced a sharp downturn. The smallest decline of -20.1% was in 2021.

Import of Cotton; Sewing Thread, Put Up for Retail Sale in Russia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Turkey24.250.951.111367.1%
China13.030.315764.670.6%
United Arab Emirates0.95.538.527.3211.9%
Egypt648214N/A18.9-69.2%
South Korea66.340.3N/AN/A-39.2%
Belarus24.059.550.0N/A44.3%
Others20.516.536.57.1-29.8%
Total797417333231-33.8%

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

  1. China (22.3 tons)
  2. Turkey (21.4 tons)
  3. United Arab Emirates (4.4 tons)
  4. Egypt (1.0 tons)

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

Exports of cotton; sewing thread, put up for retail sale from Russia dropped notably to 1.2 tons in 2022, waning by -45.2% compared with the year before. Over the period under review, exports showed a significant decrease. The smallest decline of -25.1% was in 2021.

In value terms, exports of cotton; sewing thread, put up for retail sale skyrocketed to $54K in 2022. Overall, exports showed a deep downturn.

Export of Cotton; Sewing Thread, Put Up for Retail Sale in Russia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
LatviaN/AN/A7.544.0486.7%
Kazakhstan2.80.42.38.142.5%
MongoliaN/A0.81.31.117.3%
Tajikistan0.50.61.10.1-41.5%
Lithuania1.36.41.7N/A14.4%
Belarus75.739.026.5N/A-40.8%
Ukraine1.71.70.5N/A-45.8%
Others2.61.83.10.3-51.3%
Total84.650.744.053.6-14.1%

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

  1. Latvia (861.0 kg)
  2. Kazakhstan (250.0 kg)
  3. Mongolia (42.0 kg)
  4. Tajikistan (15.0 kg)

Source: IndexBox Market Intelligence Platform

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