Europe: Sewing Thread Market 2024

Sewing Thread Market Size in Europe

For the third consecutive year, the Europe sewing thread market recorded growth in sales value, which increased by X% to $X in 2022. Over the period under review, consumption, however, showed a slight decline. The pace of growth was the most pronounced in 2018 when the market value increased by X%. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Sewing Thread Production in Europe

In value terms, sewing thread production reached $X in 2022 estimated in export price. Over the period under review, production, however, showed a noticeable downturn. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Sewing Thread Exports

Exports in Europe

In 2022, shipments abroad of sewing thread of man-made filaments or staple fibers increased by X% to X tons, rising for the second year in a row after two years of decline. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, sewing thread exports dropped slightly to $X in 2022. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Germany (X tons) was the major exporter of sewing thread of man-made filaments or staple fibers, mixing up X% of total exports. Romania (X tons) took the second position in the ranking, followed by Italy (X tons) and the Netherlands (X tons). All these countries together took near X% share of total exports. The UK (X tons), Hungary (X tons), the Czech Republic (X tons), Spain (X tons), France (X tons), Belgium (X tons), Portugal (X tons), Slovenia (X tons) and Poland (X tons) followed a long way behind the leaders.

Exports from Germany increased at an average annual rate of X% from 2012 to 2022. At the same time, Portugal (X%), France (X%), the Netherlands (X%), Belgium (X%), Poland (X%), Hungary (X%), the UK (X%), Spain (X%) and the Czech Republic (X%) displayed positive paces of growth. Moreover, Portugal emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2022. Romania experienced a relatively flat trend pattern. By contrast, Slovenia (X%) and Italy (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Germany increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

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

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

Export Prices by Country

In 2022, the export price in Europe amounted to $X per ton, which is down by X% against the previous year. Overall, the export price showed a pronounced descent. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. The level of export peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while Belgium ($X per ton) was amongst the lowest.

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

Sewing Thread Imports

Imports in Europe

In 2022, supplies from abroad of sewing thread of man-made filaments or staple fibers increased by X% to X tons, rising for the second consecutive year after three years of decline. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, sewing thread imports rose markedly to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Russia (X tons) and Belgium (X tons) represented roughly X% of total imports in 2022. Italy (X tons) ranks next in terms of the total imports with a X% share, followed by Germany (X%), Romania (X%) and the Czech Republic (X%). Ukraine (X tons), Spain (X tons), the Netherlands (X tons), Poland (X tons), France (X tons), Hungary (X tons) and Bulgaria (X tons) took a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Russia ($X) and Italy ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports.

In terms of the main importing countries, Russia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Europe stood at $X per ton in 2022, dropping by X% against the previous year. Over the period under review, the import price recorded a perceptible slump. The most prominent rate of growth was recorded in 2016 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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