EU: Cotton Sewing Thread Market 2024

Cotton Sewing Thread Market Size in the EU

In 2023, after five years of decline, there was significant growth in the EU cotton sewing thread market, when its value increased by X% to $X. Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2023, consumption failed to regain momentum.

Cotton Sewing Thread Production in the EU

In value terms, cotton sewing thread production dropped slightly to $X in 2023 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2023, production failed to regain momentum.

Cotton Sewing Thread Exports

Exports in the EU

In 2023, after two years of growth, there was significant decline in overseas shipments of cotton sewing thread, when their volume decreased by X% to X tons. Over the period under review, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2022 when exports increased by X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, cotton sewing thread exports expanded remarkably to $X in 2023. Overall, exports continue to indicate a perceptible setback. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

In 2023, Spain (X tons) and Italy (X tons) were the key exporters of cotton sewing thread in the European Union, together generating X% of total exports. Belgium (X tons) took the next position in the ranking, followed by France (X tons), Germany (X tons), the Netherlands (X tons), Portugal (X tons) and Slovenia (X tons). All these countries together took near X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by the Netherlands (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) remains the largest cotton sewing thread supplier in the European Union, comprising X% of total exports. The second position in the ranking was taken by France ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Italy stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: France (X% per year) and Germany (X% per year).

Export Prices by Country

In 2023, the export price in the European Union amounted to $X per ton, increasing by X% against the previous year. Export price indicated a remarkable increase from 2012 to 2023: 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. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was France ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by France (X%), while the other leaders experienced more modest paces of growth.

Cotton Sewing Thread Imports

Imports in the EU

In 2023, supplies from abroad of cotton sewing thread decreased by X% to X tons for the first time since 2019, thus ending a three-year rising trend. In general, imports showed a mild decline. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, cotton sewing thread imports declined to $X in 2023. Overall, imports recorded a noticeable slump. The growth pace was the most rapid in 2021 with an increase of X%. The level of import peaked at $X in 2013; however, from 2014 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Spain (X tons) was the key importer of cotton sewing thread, achieving X% of total imports. Italy (X tons) ranks second in terms of the total imports with a X% share, followed by Belgium (X%), France (X%), Romania (X%), Germany (X%) and the Netherlands (X%).

From 2012 to 2023, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Spain ($X) and France ($X) constituted the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Germany, Romania, Belgium and the Netherlands lagged somewhat behind, together accounting for a further X%.

The Netherlands, with a CAGR of X%, saw 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 a decline in the imports figures.

Import Prices by Country

The import price in the European Union stood at $X per ton in 2023, shrinking by X% against the previous year. Overall, the import price showed a perceptible curtailment. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Germany ($X per ton), while Spain ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Germany (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform