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

Contents:

  1. Price for Cotton; Sewing Thread, Put Up for Retail Sale in Myanmar (CIF) - 2022
  2. Imports of Cotton; Sewing Thread, Put Up for Retail Sale in Myanmar

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

In 2022, the average import price for cotton; sewing thread, put up for retail sale amounted to $2,434 per ton, shrinking by -2.2% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 8.5%. The import price peaked at $2,729 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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 Japan ($41,111 per ton), while the price for China ($2,294 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+34.4%), while the prices for the other major suppliers experienced more modest paces of growth.

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

Imports of cotton; sewing thread, put up for retail sale into Myanmar surged to 33 tons in 2022, picking up by 123% compared with the year before. Over the period under review, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 1,798% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, imports of cotton; sewing thread, put up for retail sale surged to $80K in 2022. Overall, imports showed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 1,664% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.

Import of Cotton; Sewing Thread, Put Up for Retail Sale in Myanmar (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
ChinaN/A2.136.162.7446.4%
Thailand7.4N/AN/A16.630.9%
OthersN/AN/A0.50.620.0%
Total7.42.136.679.9121.0%

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

  1. China (27.3 tons)
  2. Thailand (5.2 tons)

Source: IndexBox Market Intelligence Platform

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