CIS: Sewing Needle Market 2020

Sewing Needle Market Size in CIS

The revenue of the sewing needle market in CIS amounted to $X in 2017, dropping by -X% against the previous year. The sewing needle consumption continues to indicate a mild slump. The growth pace was the most rapid in 2016, when it surged by X% against the previous year. The level of sewing needle consumption peaked of $X in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

Sewing Needle Production in CIS

In 2017, approx. X tons of sewing, knitting needles and bodkins of iron or steel were produced in CIS; surging by X% against the previous year. The sewing needle production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011, with an increase of X% year-to-year. Over the period under review, the sewing needle production reached its maximum volume in 2017, and is likely to continue its growth in the immediate term.

Sewing Needle Exports in CIS

The exports stood at X tons in 2017, going up by X% against the previous year. The sewing needle exports continue to indicate a remarkable growth. The most prominent rate of growth was recorded in 2014, when it surged by X% against the previous year. The volume of exports peaked in 2017, and are expected to retain its growth in the near future.

In value terms, sewing needle exports stood at $X in 2017. The sewing needle exports continue to indicate a prominent increase. The level of exports peaked in 2017, and are likely to see steady growth in the near future.

Sewing Needle Exports by Country in CIS

Russia dominates sewing needle exports structure, reaching X tons, which was approx. X% of total exports in 2017. Belarus (X kg) occupied the weak share of total exports.

Russia was also the fastest growing in terms of the sewing, knitting needles and bodkins of iron or steel exports, with a CAGR of +X% from 2007 to 2017. At the same time, Belarus (+X%) displayed positive paces of growth. Russia (-X%) significantly weakened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest sewing needle supplier in CIS, making up X% of global exports. The second position in the ranking was occupied by Belarus ($X), with a X% share of global exports.

In Russia, sewing needle exports expanded at an average annual rate of +X% over the period from 2007-2017.

Sewing Needle Export Prices by Country in CIS

In 2017, the sewing needle export price in CIS amounted to $X per kg, jumping by X% against the previous year. The sewing needle export price continues to indicate a slight contraction. The pace of growth appeared the most rapid in 2013, when the export prices increased by X% year-to-year. Over the period under review, the export prices for sewing, knitting needles and bodkins of iron or steel reached its peak figure level of $X per kg in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Average export prices varied noticeably amongst the major exporting countries. In 2017, major exporting countries recorded the following export prices: in Belarus ($X per kg) and Russia ($X per kg), while Russia ($X per kg) and Belarus ($X per kg) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Belarus (-X% per year).

Sewing Needle Imports in CIS

In 2017, the amount of sewing, knitting needles and bodkins of iron or steel imported in CIS totaled X tons, going up by X% against the previous year. The total imports indicated a moderate increase from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the sewing needle imports increased by +X% against 2015 indices. The pace of growth was the most pronounced in 2010, with an increase of X% against the previous year. The volume of imports peaked of X tons in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

In value terms, sewing needle imports totaled $X in 2017. The sewing needle imports continue to indicate a remarkable increase. The level of imports peaked of $X in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Sewing Needle Imports by Country in CIS

Russia was the key importer of sewing, knitting needles and bodkins of iron or steel in CIS, with the volume of imports finishing at X tons, which was approx. X% of total imports in 2017. It was distantly followed by Kyrgyzstan (X tons), creating X% share of total imports. Azerbaijan (X tons), Kazakhstan (X tons) and Belarus (X tons) followed a long way behind the leaders.

Imports into Russia increased at an average annual rate of +X% from 2007 to 2017. At the same time, Belarus (+X%), Kazakhstan (+X%) and Kyrgyzstan (+X%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest growing importer in CIS, with a CAGR of +X% from 2007-2017. By contrast, Azerbaijan (-X%) illustrated a downward trend over the same period. While the share of Azerbaijan (X%) increased significantly in terms of the global imports from 2007-2017, the share of Kyrgyzstan (-X%) and Russia (-X%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported sewing, knitting needles and bodkins of iron or steel in CIS, making up X% of global imports. The second position in the ranking was occupied by Belarus ($X), with a X% share of global imports. It was followed by Kyrgyzstan, with a X% share.

From 2007 to 2017, the average annual growth rate of value in Russia stood at +X%. In the other countries, the average annual rates were as follows: Belarus (+X% per year) and Kyrgyzstan (+X% per year).

Sewing Needle Import Prices by Country in CIS

The sewing needle import price in CIS stood at $X per ton in 2017, waning by -X% against the previous year. Over the last decade, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2015, an increase of X% year-to-year. The level of import price peaked of $X per ton in 2016, and then declined slightly in the following year.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Belarus ($X per kg), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Azerbaijan (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform