Cotton Sewing Thread Price in India Increases Modestly to $10.3 per kg

India Cotton Sewing Thread Export Price in September 2022

In September 2022, the cotton sewing thread price amounted to $10.3 per kg (FOB, India), increasing by 14% against the previous month. Over the last eight months, it increased at an average monthly rate of +2.0%. The pace of growth appeared the most rapid in February 2022 an increase of 18% month-to-month. As a result, the export price attained the peak level of $10.4 per kg; afterwards, it flattened through to September 2022.

Prices varied noticeably by the country of destination: the country with the highest price was Brazil ($26.2 per kg), while the average price for exports to Nepal ($2.0 per kg) was amongst the lowest.

From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+21.1%), while the prices for the other major destinations experienced more modest paces of growth.

India Cotton Sewing Thread Export Prices by Type

Average prices varied somewhat for the major types of exported product. In September 2022, the product with the highest price was cotton; sewing thread, put up for retail sale ($11.2 per kg), while the average price for exports of cotton; sewing thread, containing less than 85% by weight of cotton, not put up for retail sale ($7,924 per ton) was amongst the lowest.

From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for the following types: cotton; sewing thread, put up for retail sale (+2.9%), while the prices for the other products experienced mixed trend patterns.

India Cotton Sewing Thread Exports

In September 2022, exports of cotton sewing thread from India declined rapidly to 78 tons, shrinking by -38% on the previous month. In general, exports faced a abrupt decrease. The most prominent rate of growth was recorded in July 2022 with an increase of 16% month-to-month. Over the period under review, the exports reached the maximum at 198 tons in February 2022; however, from March 2022 to September 2022, the exports stood at a somewhat lower figure.

In value terms, cotton sewing thread exports fell remarkably to $799K (IndexBox estimates) in September 2022. Overall, exports showed a abrupt contraction. The growth pace was the most rapid in February 2022 when exports increased by 27% against the previous month. As a result, the exports attained the peak of $2.1M. From March 2022 to September 2022, the growth of the exports remained at a lower figure.

India Cotton Sewing Thread Exports by Type

Cotton; sewing thread, put up for retail sale (39 tons), cotton; sewing thread, containing 85% or more by weight of cotton, not put up for retail sale (38 tons) and cotton; sewing thread, containing less than 85% by weight of cotton, not put up for retail sale (699 kg) were the main products of cotton sewing thread exports from India.

From January 2022 to September 2022, the most notable rate of growth in terms of shipments, amongst the major product types, was attained by cotton; sewing thread, containing 85% or more by weight of cotton, not put up for retail sale (with a CAGR of -4.8%), while the other products experienced a decline.

In value terms, the most traded types of cotton sewing thread in India were cotton; sewing thread, put up for retail sale ($435K), cotton; sewing thread, containing 85% or more by weight of cotton, not put up for retail sale ($358K) and cotton; sewing thread, containing less than 85% by weight of cotton, not put up for retail sale ($5.5K).

Among the main product categories, cotton; sewing thread, containing 85% or more by weight of cotton, not put up for retail sale, with a CAGR of -3.5%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other products experienced a decline.

India Cotton Sewing Thread Exports by Country

Bangladesh (23 tons) was the main destination for cotton sewing thread exports from India, with a 30% share of total exports. Moreover, cotton sewing thread exports to Bangladesh exceeded the volume sent to the second major destination, Spain (8.7 tons), threefold. The third position in this ranking was taken by Sri Lanka (6.6 tons), with an 8.5% share.

From January 2022 to September 2022, the average monthly rate of growth in terms of volume to Bangladesh stood at +71.1%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Spain (+130.2% per month) and Sri Lanka (+0.1% per month).

In value terms, Bangladesh ($261K) emerged as the key foreign market for cotton sewing thread exports from India, comprising 33% of total exports. The second position in the ranking was taken by Spain ($81K), with a 10% share of total exports. It was followed by the United States, with a 10% share.

From January 2022 to September 2022, the average monthly growth rate of value to Bangladesh totaled +61.2%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Spain (+115.5% per month) and the United States (+3.4% per month).

Cotton Sewing Thread Market Overview

Cotton sewing thread is an important component in the production of textile products. It is used to stitch together fabric pieces and add strength and durability to the finished product. It is used in a variety of applications, including garments, home furnishings, and industrial uses.

The cotton sewing thread market in India has been growing rapidly in recent years, driven by factors such as the increasing popularity of ready-to-wear garments and the growing demand for home sewing. The Indian sewing thread market is highly fragmented, with a large number of small and medium-sized players. The major players in the market are Vardhman Textiles, Coats India, and JKThreads.

The high cost of raw materials and competition from synthetic sewing threads are some of the key challenges faced by players operating in the Indian cotton sewing thread market. Nevertheless, rising awareness about the benefits of using natural fabrics is expected to create lucrative opportunities for market players in the coming years. Additionally, the growing preference for eco-friendly and biodegradable products fuels the demand for cotton sewing threads in India.

Source: IndexBox Market Intelligence Platform