Which Country Exports the Most Cotton Sewing Thread in the World?

IndexBox has just published a new report "World: Cotton Sewing Thread - Market Report. Analysis and Forecast to 2025". Here is a summary of the report's key findings.

In 2016, the global cotton sewing thread imports totaled 74K tonnes, remaining relatively unchanged against the previous year figure. In general, cotton sewing thread imports continue to indicate a perceptible contraction. The pace of growth appeared the most rapid in 2015, when import increased by 3% from the previous year level. Global cotton sewing thread import peaked of 100K tonnes in 2008- however, from 2009 to 2016, it stood at a somewhat lower level.

In value terms, cotton sewing thread imports totaled $172M in 2016. In general, cotton sewing thread imports continue to indicate a temperate deduction. In that year, global cotton sewing thread imports attained its maximum level of $229M. From 2009 to 2016, growth of global cotton sewing thread imports failed to regain its strength.

Top Cotton Sewing Thread Importing Countries in the World

1. Dominican Republic (13.1 million USD)

2. South Korea (12.5 million USD)

3. Cambodia (10.4 million USD)

4. Indonesia (9.6 million USD)

5. Guatemala (3.5 million USD)

6. Philippines (3.2 million USD)

7. United Kingdom (2.0 million USD)

8. China (1.4 million USD)

9. India (0.3 million USD)

10. Pakistan (0.2 million USD)

11. Oman (0.2 million USD)

12. Israel (0.1 million USD)

Cotton Sewing Thread Imports By Country

In 2016, Israel (17K tonnes), distantly followed by China (6.6K tonnes), India (6.5K tonnes), and Pakistan (4K tonnes) represented the key importers of cotton sewing thread, together achieving 46% of total imports. South Korea (3.1K tonnes), the UK (2.4K tonnes), the Philippines (2.1K tonnes), Guatemala (2K tonnes), the Dominican Republic (1.4K tonnes), Oman (1.4K tonnes), Indonesia (1.4K tonnes), and Cambodia (1.3K tonnes) followed a long way behind this figure.

Imports into Israel increased at an average annual rate of +1.7% from 2007 to 2016. At the same time, the Philippines (+25.1%), the Dominican Republic (+18.5%), Cambodia (+10.3%), South Korea (+7.3%), Oman (+6.7%), Guatemala (+6.2%), and the UK (+1.3%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest growing importer/exporter in the world, with a CAGR of +25.1% from 2007-2016. India, and Pakistan experienced a relatively flat trend pattern. By contrast, China (-1.6%), and Indonesia (-11.3%) illustrated a downward trend over the same period. While the share of Indonesia (4%) increased significantly, the share of South Korea (-1.9%), the Philippines (-2.4%), and Israel (-3.3%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest cotton sewing thread markets worldwide were the Dominican Republic ($13M), South Korea ($13M) and Cambodia ($10M), with a combined 21% share of global imports. These countries were followed by Indonesia, Guatemala, the Philippines, the UK, China, India, Pakistan, Oman and Israel, which together accounted for a further 12%.

Indonesia (+34.1% per year) experienced the highest growth rate of cotton sewing thread imports, in terms of the main importing countries, over the last 9 years, while the other global leaders experienced more modest paces of growth.

Cotton Sewing Thread Import Prices By Country

In 2016, the average import price for cotton sewing thread amounted to $2,322 per tonne, dropping by -8.0% against the previous year. Overall, cotton sewing thread import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011, when import price increased by 27% y-o-y. Global cotton sewing thread import peaked of $3,080 per tonne in 2014- however, from 2015 to 2016, it failed to regain its strength.

Import prices varied noticeably by country of destination. the country with the highest import prices was the Dominican Republic ($9,207 per tonne), while Israel ($5 per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of cotton sewing thread import prices was attained by Indonesia (+51.2% per year), while the other global leaders experienced more modest paces of growth.

Do you want to know more about global cotton sewing thread market? Get the latest trends and insight from our report. It includes a wide range of statistics on

• cotton sewing thread market share
• cotton sewing thread prices
• cotton sewing thread industry
• cotton sewing thread sales
• cotton sewing thread import
• cotton sewing thread export
• cotton sewing thread market forecast
• cotton sewing thread price forecast
• key cotton sewing thread producers

All data provided in this article covers the following product: HS Code 5204 - Cotton sewing thread, whether or not put up for retail sale.

Source: World: Cotton Sewing Thread - Market Report. Analysis and Forecast to 2025