Africa: Cotton Sewing Thread Market 2024

Cotton Sewing Thread Market Size in Africa

The African cotton sewing thread market reached $X in 2023, surging by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The level of consumption peaked at $X in 2017; however, from 2018 to 2023, consumption remained at a lower figure.

Cotton Sewing Thread Production in Africa

In value terms, cotton sewing thread production expanded modestly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2023, production failed to regain momentum.

Cotton Sewing Thread Exports

Exports in Africa

In 2023, overseas shipments of cotton sewing thread decreased by X% to X tons, falling for the fifth year in a row after three years of growth. Over the period under review, exports showed a perceptible descent. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

In value terms, cotton sewing thread exports dropped sharply to $X in 2023. Overall, exports recorded a abrupt descent. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The shipments of the four major exporters of cotton sewing thread, namely Malawi, South Africa, Lesotho and Egypt, represented more than two-thirds of total export. The following exporters - Uganda (X tons) and Niger (X tons) - each amounted to a X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for Lesotho (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X), South Africa ($X) and Lesotho ($X) were the countries with the highest levels of exports in 2023, together comprising X% of total exports.

Among the main exporting countries, Lesotho, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Africa stood at $X per ton in 2023, waning by X% against the previous year. In general, the export price saw a pronounced downturn. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Egypt ($X per ton), while Niger ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Uganda (X%), while the other leaders experienced more modest paces of growth.

Cotton Sewing Thread Imports

Imports in Africa

In 2023, after three years of decline, there was significant growth in supplies from abroad of cotton sewing thread, when their volume increased by X% to X tons. In general, imports, however, recorded a pronounced contraction. The growth pace was the most rapid in 2013 when imports increased by X%. The volume of import peaked at X tons in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

In value terms, cotton sewing thread imports expanded to $X in 2023. Over the period under review, imports, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Burkina Faso (X tons) and Nigeria (X tons) represented the largest importers of cotton sewing thread in 2023, resulting at near X% and X% of total imports, respectively. Gambia (X tons) ranks next in terms of the total imports with a X% share, followed by Kenya (X%), Lesotho (X%) and Tunisia (X%). Ghana (X tons), Morocco (X tons), Angola (X tons), Algeria (X tons), Mozambique (X tons), Tanzania (X tons) and Swaziland (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Gambia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Tunisia ($X), Morocco ($X) and Kenya ($X) constituted the countries with the highest levels of imports in 2023, together comprising X% of total imports. Lesotho, Nigeria, Swaziland, Algeria, Ghana, Burkina Faso, Angola, Mozambique, Gambia and Tanzania lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Burkina Faso, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Africa stood at $X per ton in 2023, waning by X% against the previous year. Over the period under review, the import price saw a mild setback. The pace of growth was the most pronounced in 2021 an increase of X%. The level of import peaked at $X per ton in 2016; however, from 2017 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Morocco ($X per ton), while Gambia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Kenya (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform