China: Sewing Thread Market 2024

Sewing Thread Market Size in China

For the fourth year in a row, the Chinese sewing thread market recorded decline in sales value, which decreased by X% to $X in 2022. Overall, consumption showed a slight descent. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Sewing Thread Production in China

In value terms, sewing thread production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production showed a mild slump. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

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Sewing Thread Exports

Exports from China

In 2022, approx. X tons of sewing thread of man-made filaments or staple fibers were exported from China; approximately equating the year before. In general, exports showed a mild setback. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, sewing thread exports rose remarkably to $X in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Vietnam (X tons), Bangladesh (X tons) and Indonesia (X tons) were the main destinations of sewing thread exports from China, with a combined X% share of total exports. Russia, Nigeria, Pakistan, Cambodia, Iran, Myanmar, Ghana, Peru, Colombia and Hong Kong SAR lagged somewhat behind, together comprising a further X%.

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

In value terms, Vietnam ($X), Cambodia ($X) and Bangladesh ($X) constituted the largest markets for sewing thread exported from China worldwide, with a combined X% share of total exports. Hong Kong SAR, Indonesia, Russia, Pakistan, Myanmar, Nigeria, Iran, Ghana, Peru and Colombia lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Myanmar, with a CAGR of X%, recorded 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 average sewing thread export price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the export price continues to indicate a modest increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Iran ($X 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 Cambodia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sewing Thread Imports

Imports into China

Sewing thread imports into China dropped remarkably to X tons in 2022, which is down by X% against the previous year's figure. Overall, imports saw a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, sewing thread imports contracted rapidly to $X in 2022. Over the period under review, imports showed a abrupt decline. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

South Korea (X tons), Japan (X tons) and the UK (X tons) were the main suppliers of sewing thread imports to China, with a combined X% share of total imports. Turkey, Germany, Taiwan (Chinese), India, Hong Kong SAR, Thailand and Indonesia lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest sewing thread suppliers to China were Japan ($X), the UK ($X) and Germany ($X), with a combined X% share of total imports.

The UK, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average sewing thread import price amounted to $X per ton, jumping by X% against the previous year. Over the period under review, import price indicated resilient growth 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 2015 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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