Philippines - Sewing Thread Of Man-Made Filaments Or Staple Fibers - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSewing Thread Price in the Philippines - 2023
Contents:
- Sewing Thread Price in the Philippines (CIF) - 2023
- Sewing Thread Price in the Philippines (FOB) - 2022
- Sewing Thread Imports in the Philippines
- Sewing Thread Exports in the Philippines
Sewing Thread Price in the Philippines (CIF) - 2023
In June 2023, the average sewing thread import price amounted to $5,846 per ton, picking up by 19% against the previous month. In general, the import price, however, saw a mild slump. The most prominent rate of growth was recorded in September 2022 an increase of 80% against the previous month. The import price peaked at $8,818 per ton in November 2022; however, from December 2022 to June 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Japan ($24,105 per ton), while the price for China ($2,342 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 Taiwan (Chinese) (+4.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Sewing Thread Price in the Philippines (FOB) - 2022
The average sewing thread export price stood at $16,540 per ton in 2022, with an increase of 45% against the previous year. In general, export price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +10.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 an increase of 95%. As a result, the export price attained the peak level of $18,531 per ton. From 2020 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 Japan ($106,026 per ton), while the average price for exports to Vietnam ($9,347 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 the United Arab Emirates (+38.4%), while the prices for the other major destinations experienced more modest paces of growth.
Sewing Thread Imports in the Philippines
For the third year in a row, the Philippines recorded decline in overseas purchases of sewing thread of man-made filaments or staple fibers, which decreased by -27.3% to 2K tons in 2022. Overall, imports saw a dramatic setback. The smallest decline of -20.9% was in 2021.
In value terms, sewing thread imports contracted to $13M in 2022. Over the period under review, imports saw a abrupt downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 22% against the previous year.
Import of Sewing Thread in the Philippines (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Hong Kong SAR | 2.3 | 2.0 | 4.2 | 3.7 | 17.2% |
China | 3.6 | 3.3 | 4.0 | 3.5 | -0.9% |
South Korea | 4.5 | 2.9 | 3.2 | 2.4 | -18.9% |
Japan | 3.6 | 1.9 | 1.4 | 1.4 | -27.0% |
Taiwan (Chinese) | 0.4 | 0.2 | 0.3 | 0.7 | 20.5% |
Vietnam | 0.5 | 0.1 | 0.2 | 0.3 | -15.7% |
Thailand | 1.0 | 0.7 | 0.3 | 0.2 | -41.5% |
Others | 0.8 | 0.5 | 0.7 | 0.8 | 0.0% |
Total | 16.7 | 11.6 | 14.1 | 13.0 | -8.0% |
Top Suppliers of Sewing Thread to the Philippines in 2022:
- China (1260.1 tons)
- South Korea (224.1 tons)
- Hong Kong SAR (187.1 tons)
- Taiwan (Chinese) (88.0 tons)
- Japan (71.3 tons)
- Thailand (56.9 tons)
- Vietnam (37.6 tons)
Sewing Thread Exports in the Philippines
In 2022, shipments abroad of sewing thread of man-made filaments or staple fibers decreased by -95.7% to 565 kg, falling for the second year in a row after two years of growth. Overall, exports showed a abrupt decrease. The pace of growth was the most pronounced in 2020 when exports increased by 10,807%. As a result, the exports attained the peak of 80 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, sewing thread exports contracted notably to $9.3K in 2022. In general, exports showed a abrupt decrease. The pace of growth appeared the most rapid in 2020 with an increase of 6,832%. As a result, the exports reached the peak of $942K. From 2021 to 2022, the growth of the exports remained at a lower figure.
Export of Sewing Thread in the Philippines (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Vietnam | N/A | 5.4 | 0.9 | 4.2 | -11.8% |
Japan | N/A | N/A | N/A | 4.0 | 0% |
Cambodia | 4.3 | 891 | 16.9 | 0.8 | -42.9% |
Brunei Darussalam | N/A | 0.1 | 0.1 | 0.3 | 73.2% |
Indonesia | N/A | N/A | 16.3 | N/A | 0% |
Others | 9.2 | 45.4 | 117 | 0.1 | -77.8% |
Total | 13.6 | 942 | 151 | 9.3 | -11.9% |
Top Export Markets for Sewing Thread from the Philippines in 2022:
- Vietnam (444.0 kg)
- Cambodia (56.0 kg)
- Japan (38.0 kg)
- Brunei Darussalam (20.0 kg)
This report provides an in-depth analysis of the sewing thread market in the Philippines. 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:
- Philippines
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Philippines
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the global sewing thread market.
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In value terms, sewing thread of man-made staple fibers exports stood at $X in 2016. In general, sewing thread of man-made staple fibers exports continue to indicate a moderate shrinkage. In that y...
Global sewing thread imports totaled X tons in 2016, waning by -X% against the previous year figure. In general, sewing thread imports continue to indicate a slight decline. The most prominent...
Global sewing thread imports totaled X tons in 2016, waning by -X% against the previous year figure. In general, sewing thread imports continue to indicate a slight decline. The most prominent...
In value terms, sewing thread of man-made staple fibers exports stood at $X in 2016. In general, sewing thread of man-made staple fibers exports continue to indicate a moderate shrinkage. In that y...
Global sewing thread imports totaled X tons in 2016, waning by -X% against the previous year figure. In general, sewing thread imports continue to indicate a slight decline. The most prominent...
Global sewing thread imports totaled X tons in 2016, waning by -X% against the previous year figure. In general, sewing thread imports continue to indicate a slight decline. The most prominent...