CIS: Sewing Thread Market 2024

Sewing Thread Market Size in CIS

For the fifth consecutive year, the CIS sewing thread market recorded growth in sales value, which increased by X% to $X in 2022. In general, consumption, however, recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Sewing Thread Production in CIS

In value terms, sewing thread production expanded rapidly to $X in 2022 estimated in export price. Overall, production continues to indicate a abrupt downturn. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Sewing Thread Exports

Exports in CIS

In 2022, sewing thread exports in the CIS soared to X tons, increasing by X% on the previous year's figure. Over the period under review, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, sewing thread exports skyrocketed to $X in 2022. In general, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Kyrgyzstan dominates exports structure, recording X tons, which was near X% of total exports in 2022. It was distantly followed by Uzbekistan (X tons), comprising a X% share of total exports. The following exporters - Belarus (X tons) and Russia (X tons) - each resulted at a X% share of total exports.

Exports from Kyrgyzstan increased at an average annual rate of X% from 2012 to 2022. At the same time, Uzbekistan (X%) and Belarus (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of X% from 2012-2022. Russia experienced a relatively flat trend pattern. Kyrgyzstan (X p.p.) and Uzbekistan (X p.p.) significantly strengthened its position in terms of the total exports, while Belarus and Russia saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Kyrgyzstan ($X) emerged as the largest sewing thread supplier in the CIS, comprising X% of total exports. The second position in the ranking was held by Belarus ($X), with a X% share of total exports. It was followed by Russia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Kyrgyzstan amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Belarus (X% per year) and Russia (X% per year).

Export Prices by Country

The export price in the CIS stood at $X per ton in 2022, waning by X% against the previous year. In general, the export price recorded a abrupt setback. The growth pace was the most rapid in 2018 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, 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 Russia ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced mixed trends in the export price figures.

Sewing Thread Imports

Imports in CIS

In 2022, overseas purchases of sewing thread of man-made filaments or staple fibers increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports recorded a strong increase. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, sewing thread imports soared to $X in 2022. Overall, imports saw a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Russia (X tons) was the major importer of sewing thread of man-made filaments or staple fibers, constituting X% of total imports. Kyrgyzstan (X tons) took the second position in the ranking, distantly followed by Uzbekistan (X tons) and Kazakhstan (X tons). All these countries together took near X% share of total imports. Belarus (X tons) and Azerbaijan (X tons) took a minor share of total imports.

Imports into Russia increased at an average annual rate of X% from 2012 to 2022. At the same time, Azerbaijan (X%), Kazakhstan (X%), Kyrgyzstan (X%), Uzbekistan (X%) and Belarus (X%) displayed positive paces of growth. Moreover, Azerbaijan emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2022. While the share of Uzbekistan (X p.p.) and Kazakhstan (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Belarus (X p.p.) and Russia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported sewing thread of man-made filaments or staple fibers in the CIS, comprising X% of total imports. The second position in the ranking was taken by Kyrgyzstan ($X), with a X% share of total imports. It was followed by Kazakhstan, with a X% share.

In Russia, sewing thread imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Kyrgyzstan (X% per year) and Kazakhstan (X% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, reducing by X% against the previous year. Overall, the import price recorded a noticeable descent. The growth pace was the most rapid in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Belarus ($X per ton), while Uzbekistan ($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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