Report Update: May 1, 2024

Finland - Sewing Thread Of Man-Made Filaments Or Staple Fibers - Market Analysis, Forecast, Size, Trends and Insights

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Sewing Thread Price in Finland - 2023

Sewing Thread Price in Finland (CIF) - 2023

In June 2023, the average sewing thread import price amounted to $31,996 per ton, surging by 43% against the previous month. Overall, the import price posted a strong increase. The pace of growth was the most pronounced in November 2022 when the average import price increased by 96% m-o-m. Over the period under review, average import prices reached the maximum at $32,890 per ton in March 2023; however, from April 2023 to June 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($47,155 per ton), while the price for Poland ($10,418 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by China (+29.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Sewing Thread Price in Finland (FOB) - 2022

The average sewing thread export price stood at $28,886 per ton in 2022, jumping by 227% against the previous year. In general, the export price saw a modest increase. Over the period under review, the average export prices attained the maximum at $40,919 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($118,755 per ton), while the average price for exports to Vietnam ($13,667 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 China (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.

Sewing Thread Imports in Finland

In 2022, the amount of sewing thread of man-made filaments or staple fibers imported into Finland expanded slightly to 66 tons, rising by 5% compared with the previous year's figure. Over the period under review, imports, however, continue to indicate a deep slump. The pace of growth appeared the most rapid in 2020 with an increase of 13%. As a result, imports reached the peak of 90 tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, sewing thread imports expanded rapidly to $1.3M in 2022. In general, imports, however, continue to indicate a abrupt curtailment.

Import of Sewing Thread in Finland (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	613	825	336	353	-16.8%
Germany	717	523	315	350	-21.3%
Estonia	69.1	92.5	114	147	28.6%
India	90.7	85.7	89.9	113	7.6%
Hungary	43.2	55.2	48.3	112	37.4%
Turkey	70.1	72.3	59.6	64.7	-2.6%
Sweden	1.4	30.3	36.9	36.7	197.1%
Belgium	16.2	17.2	9.1	14.0	-4.7%
Hong Kong SAR	N/A	N/A	30.2	11.9	-60.6%
Others	282	210	141	102	-28.8%
Total	1,904	1,912	1,181	1,304	-11.9%

Top Suppliers of Sewing Thread to Finland in 2022:

China (18.5 tons)
Germany (11.9 tons)
India (11.7 tons)
Estonia (10.6 tons)
Sweden (3.5 tons)
Hungary (2.7 tons)
Belgium (1.5 tons)
Turkey (1.0 tons)
Hong Kong SAR (0.3 tons)

Sewing Thread Exports in Finland

Sewing thread exports from Finland declined remarkably to 18 tons in 2022, which is down by -69.3% against 2021 figures. Overall, exports, however, saw prominent growth. The most prominent rate of growth was recorded in 2021 when exports increased by 429% against the previous year. As a result, the exports reached the peak of 60 tons, and then fell dramatically in the following year.

In value terms, sewing thread exports reached $533K in 2022. Over the period under review, exports saw a perceptible downturn. The pace of growth appeared the most rapid in 2021 with an increase of 23%.

Export of Sewing Thread in Finland (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Norway	102	102	102	100	-0.7%
Vietnam	76.1	10.3	50.8	79.3	1.4%
China	49.2	37.8	52.0	69.9	12.4%
Poland	64.0	37.4	24.4	54.4	-5.3%
Denmark	62.8	65.7	74.8	52.9	-5.6%
Russia	31.8	37.3	38.8	50.5	16.7%
Estonia	45.1	36.1	30.9	30.3	-12.4%
Latvia	40.8	38.6	34.0	30.2	-9.5%
Ukraine	14.7	11.6	7.3	12.9	-4.3%
Ethiopia	N/A	N/A	68.7	N/A	0%
Others	106	54.9	47.9	51.9	-21.2%
Total	593	432	532	533	-3.5%

Top Export Markets for Sewing Thread from Finland in 2022:

Vietnam (5.8 tons)
Poland (3.5 tons)
Russia (1.9 tons)
China (1.7 tons)
Estonia (1.3 tons)
Ukraine (0.9 tons)
Denmark (0.8 tons)
Latvia (0.8 tons)
Norway (0.8 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the sewing thread market in Finland. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 13108510 - Sewing thread of man-made filaments
Prodcom 13108550 - Sewing thread of man-made staple fibres

Country coverage:

Finland

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Finland
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023