Price for Cotton; Sewing Thread, Put Up for Retail Sale in Finland - 2023

Contents:

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

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

In 2022, the average import price for cotton; sewing thread, put up for retail sale amounted to $21,333 per ton, shrinking by -23.4% against the previous year. In general, the import price, however, showed a slight expansion. The growth pace was the most rapid in 2017 when the average import price increased by 120%. The import price peaked at $42,040 per ton in 2013; however, from 2014 to 2022, 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 Hungary ($26,656 per ton), while the price for India ($10,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+5.7%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average export price for cotton; sewing thread, put up for retail sale amounted to $24,871 per ton, declining by -13.6% against the previous year. Over the period under review, the export price, however, showed a significant expansion. The pace of growth appeared the most rapid in 2015 an increase of 1,105% against the previous year. As a result, the export price attained the peak level of $36,151 per ton. From 2016 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($53,913 per ton), while the average price for exports to Norway ($5,406 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 Switzerland (+57.5%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, purchases abroad of cotton; sewing thread, put up for retail sale was finally on the rise to reach 3.6 tons after two years of decline. Overall, imports, however, saw a dramatic slump.

In value terms, imports of cotton; sewing thread, put up for retail sale surged to $76K in 2022. In general, imports, however, recorded a deep setback.

Import of Cotton; Sewing Thread, Put Up for Retail Sale in Finland (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Hungary16.722.523.030.322.0%
EstoniaN/A0.39.329.5891.6%
Turkey5.76.3N/A6.96.6%
China1.21.6N/A6.272.9%
Germany2.62.01.61.0-27.3%
Switzerland30.77.9N/AN/A-74.3%
India42.70.1N/AN/A-99.8%
Others7.42.72.32.0-35.3%
Total10743.436.276.1-10.7%

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

  1. Estonia (1454.0 kg)
  2. Hungary (1138.0 kg)
  3. China (547.0 kg)
  4. Turkey (339.0 kg)
  5. Germany (35.0 kg)
  6. India (1.0 kg)

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

For the fourth consecutive year, Finland recorded growth in shipments abroad of cotton; sewing thread, put up for retail sale, which increased by 15% to 560 kg in 2022. Over the period under review, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +19.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +71.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 44% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, exports of cotton; sewing thread, put up for retail sale dropped slightly to $14K in 2022. The total export value increased at an average annual rate of +13.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 47%.

Export of Cotton; Sewing Thread, Put Up for Retail Sale in Finland (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Sweden4.35.76.88.224.0%
Estonia1.83.33.72.815.9%
Denmark2.93.83.22.5-4.8%
Norway0.30.40.40.410.1%
Others0.30.8N/AN/A166.7%
Total9.614.014.113.913.1%

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

  1. Sweden (228.0 kg)
  2. Estonia (213.0 kg)
  3. Norway (69.0 kg)
  4. Denmark (46.0 kg)

Source: IndexBox Market Intelligence Platform

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