Central Asia: Sewing Thread Market 2024

Sewing Thread Market Size in Central Asia

The Central Asian sewing thread market fell to $X in 2022, waning by X% against the previous year. Over the period under review, consumption, however, recorded a resilient increase. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Sewing Thread Production in Central Asia

In value terms, sewing thread production skyrocketed to $X in 2022 estimated in export price. In general, production enjoyed a tangible expansion. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Sewing Thread Exports

Exports in Central Asia

For the third year in a row, Central Asia recorded growth in overseas shipments of sewing thread of man-made filaments or staple fibers, which increased by X% to X tons in 2022. In general, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, sewing thread exports surged to $X in 2022. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Kyrgyzstan prevails in exports structure, finishing at X tons, which was approx. X% of total exports in 2022. It was distantly followed by Uzbekistan (X tons), making up a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to sewing thread exports from Kyrgyzstan stood at X%. At the same time, Uzbekistan (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of X% from 2012-2022. Uzbekistan (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kyrgyzstan ($X) emerged as the largest sewing thread supplier in Central Asia, comprising X% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with a X% share of total exports.

In Kyrgyzstan, sewing thread exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per ton, surging by X% against the previous year. Overall, the export price posted a strong expansion. The growth pace was the most rapid in 2015 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the export prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Kyrgyzstan ($X per ton), while Uzbekistan amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%).

Sewing Thread Imports

Imports in Central Asia

In 2022, after two years of decline, there was significant growth in overseas purchases of sewing thread of man-made filaments or staple fibers, when their volume increased by X% to X tons. Overall, imports saw a strong expansion. The pace of growth was the most pronounced in 2017 when imports increased by X%. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, sewing thread imports skyrocketed to $X in 2022. In general, imports saw a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

Kyrgyzstan was the largest importing country with an import of about X tons, which recorded X% of total imports. Uzbekistan (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Kazakhstan (X%). The following importers - Tajikistan (X tons) and Turkmenistan (X tons) - each amounted to a X% share 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 Kazakhstan (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 Central Asia were Kyrgyzstan ($X), Kazakhstan ($X) and Uzbekistan ($X), with a combined X% share of total imports.

Kyrgyzstan, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The import price in Central Asia stood at $X per ton in 2022, growing by X% against the previous year. Import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sewing thread import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 an increase of X%. Over the period under review, import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Turkmenistan ($X per ton), while Uzbekistan ($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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