Asia: Sewing Thread Market 2024

Sewing Thread Market Size in Asia

The Asian sewing thread market fell to $X in 2022, stabilizing at the previous year. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Sewing Thread Production in Asia

In value terms, sewing thread production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

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Sewing Thread Exports

Exports in Asia

In 2022, the amount of sewing thread of man-made filaments or staple fibers exported in Asia was estimated at X tons, growing by X% on the previous year. Overall, exports, however, continue to indicate a mild slump. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, sewing thread exports expanded slightly to $X in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

China prevails in exports structure, resulting at X tons, which was near X% of total exports in 2022. Kyrgyzstan (X tons), Turkey (X tons), Vietnam (X tons) and Hong Kong SAR (X tons) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to sewing thread exports from China stood at X%. At the same time, Kyrgyzstan (X%), Vietnam (X%) and Turkey (X%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. By contrast, Hong Kong SAR (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Kyrgyzstan and Turkey increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest sewing thread supplier in Asia, comprising X% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a X% share of total exports. It was followed by Vietnam, with a X% share.

In China, sewing thread exports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Hong Kong SAR (X% per year) and Vietnam (X% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (X%), while the other leaders experienced more modest paces of growth.

Sewing Thread Imports

Imports in Asia

In 2022, approx. X tons of sewing thread of man-made filaments or staple fibers were imported in Asia; leveling off at 2021 figures. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, sewing thread imports reached $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

The purchases of the six major importers of sewing thread of man-made filaments or staple fibers, namely Vietnam, Bangladesh, Myanmar, Turkey, Cambodia and Indonesia, represented more than half of total import. Kyrgyzstan (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Pakistan (X%). The following importers - Hong Kong SAR (X tons), Uzbekistan (X tons), Kazakhstan (X tons), the United Arab Emirates (X tons) and Thailand (X tons) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Myanmar (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest sewing thread importing markets in Asia were Vietnam ($X), Cambodia ($X) and Turkey ($X), with a combined X% share of total imports. Hong Kong SAR, Bangladesh, Indonesia, Pakistan, Thailand, Kyrgyzstan, the United Arab Emirates, Myanmar, Kazakhstan and Uzbekistan lagged somewhat behind, together comprising a further X%.

Kyrgyzstan, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton; afterwards, it flattened through to 2022.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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