Cyprus: Cotton Sewing Thread Market 2020

Cotton Sewing Thread Market Size in Cyprus

The revenue of the cotton sewing thread market in Cyprus amounted to $X in 2018, surging by X% against the previous year. The market value increased at an average annual rate of +X% from 2007 to 2018; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded over the period under review. The growth pace was the most rapid in 2010 when the market value increased by X% y-o-y. Cyprus cotton sewing thread consumption peaked at $X in 2011; however, from 2012 to 2018, consumption stood at a somewhat lower figure.

Cotton Sewing Thread Production in Cyprus

In value terms, cotton sewing thread production stood at $X in 2018 estimated in export prices. Overall, the total output indicated strong growth from 2007 to 2018: its value decreased at an average annual rate of -X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, cotton sewing thread production increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2008 when production volume increased by X% y-o-y. Cyprus cotton sewing thread production peaked in 2018 and is likely to continue its growth in the immediate term.

Cotton Sewing Thread Exports

Exports from Cyprus

In 2018, the exports of cotton sewing thread from Cyprus totaled X kg, coming down by -X% against the previous year. Overall, cotton sewing thread exports continue to indicate a dramatic deduction. The most prominent rate of growth was recorded in 2008 when exports increased by X% against the previous year. In that year, cotton sewing thread exports attained their peak of X tons. From 2009 to 2018, the growth of cotton sewing thread exports remained at a lower figure.

In value terms, cotton sewing thread exports totaled $X in 2018. Overall, cotton sewing thread exports continue to indicate a sharp curtailment. The pace of growth appeared the most rapid in 2008 with an increase of X% y-o-y. Over the period under review, cotton sewing thread exports reached their maximum at $X in 2012; however, from 2013 to 2018, exports failed to regain their momentum.

Exports by Country

China represented the largest exporter of cotton sewing thread in the world, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2018. It was distantly followed by Pakistan (X tons) and India (X tons), together comprising a X% share of total exports. The following exporters - Turkey (X tons), the U.S. (X tons), Italy (X tons), Egypt (X tons), Thailand (X tons) and China, Hong Kong SAR (X tons) - together made up X% of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Pakistan, while the other leaders experienced more modest paces of growth.

In value terms, the largest cotton sewing thread markets from Cyprus were China ($X), Pakistan ($X) and India ($X), together accounting for X% of total exports.

Among the main exporting countries, Pakistan experienced the highest rates of growth with regard to exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the cotton sewing thread export price in Cyprus amounted to $X per ton, growing by X% against the previous year. In general, the export price indicated buoyant growth from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, cotton sewing thread export price increased by +X% against 2007 indices. The pace of growth was the most pronounced in 2008 when the export price increased by X% year-to-year. Cyprus export price peaked in 2018 and is expected to retain its growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was Italy ($X per ton), while China ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, Hong Kong SAR, while the other leaders experienced more modest paces of growth.

Cotton Sewing Thread Imports

Imports into Cyprus

In 2018, the imports of cotton sewing thread into Cyprus stood at X kg, waning by -X% against the previous year. Overall, cotton sewing thread imports continue to indicate a drastic shrinkage. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Cyprus imports peaked at X tons in 2010; however, from 2011 to 2018, imports stood at a somewhat lower figure.

In value terms, cotton sewing thread imports amounted to $X in 2018. In general, cotton sewing thread imports continue to indicate a deep slump. The growth pace was the most rapid in 2017 when imports increased by X% y-o-y. Cyprus imports peaked at $X in 2010; however, from 2011 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, Cambodia (X tons), followed by the Dominican Republic (X tons), the U.S. (X tons) and Indonesia (X tons) were the major importers of cotton sewing thread, together generating X% of total imports. Italy (X tons), Thailand (X tons), Morocco (X tons), Nigeria (X tons), Japan (X tons), Vietnam (X tons), Tunisia (X tons) and Guatemala (X tons) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Nigeria, while the other leaders experienced more modest paces of growth.

In value terms, Cambodia ($X), the U.S. ($X) and Italy ($X) constituted the countries with the highest levels of imports in 2018, with a combined X% share of total imports. The Dominican Republic, Thailand, Morocco, Indonesia, Tunisia, Japan, Vietnam, Nigeria, Guatemala and Cyprus lagged somewhat behind, together accounting for a further X terms of the main importing countries, Nigeria experienced the highest rates of growth with regard to imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The cotton sewing thread import price in Cyprus stood at $X per ton in 2018, rising by X% against the previous year. Overall, the cotton sewing thread import price, however, continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2011 when the import price increased by X% year-to-year. In that year, the import prices for cotton sewing thread attained their peak level of $X per ton. From 2012 to 2018, the growth in terms of the import prices for cotton sewing thread failed to regain its momentum.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was the U.S. ($X per ton), while Guatemala ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Thailand, while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform