Finland: Cotton Sewing Thread Market 2024

Cotton Sewing Thread Market Size in Finland

In 2023, the Finnish cotton sewing thread market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. Over the period under review, consumption showed a abrupt descent. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2023, consumption failed to regain momentum.

Cotton Sewing Thread Exports

Exports from Finland

In 2023, approx. X kg of cotton sewing thread were exported from Finland; reducing by X% on the year before. In general, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.

In value terms, cotton sewing thread exports contracted remarkably to $X in 2023. Overall, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2023, the exports failed to regain momentum.

Exports by Country

Estonia (X kg) was the main destination for cotton sewing thread exports from Finland, with a X% share of total exports. Moreover, cotton sewing thread exports to Estonia exceeded the volume sent to the second major destination, Sweden (X kg), more than tenfold. The third position in this ranking was taken by Denmark (X kg), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Estonia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (X% per year) and Denmark (X% per year).

In value terms, Estonia ($X) emerged as the key foreign market for cotton sewing thread exports from Finland, comprising X% of total exports. The second position in the ranking was taken by Sweden ($X), with a X% share of total exports. It was followed by Denmark, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Estonia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (X% per year) and Denmark (X% per year).

Export Prices by Country

In 2023, the average cotton sewing thread export price amounted to $X per ton, reducing by X% against the previous year. Overall, the export price, however, enjoyed a buoyant increase. The growth pace was the most rapid in 2013 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2023, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to Norway ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (X%), while the prices for the other major destinations experienced mixed trend patterns.

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Cotton Sewing Thread Imports

Imports into Finland

In 2023, purchases abroad of cotton sewing thread decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. In general, imports continue to indicate a sharp setback. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2016; however, from 2017 to 2023, imports failed to regain momentum.

In value terms, cotton sewing thread imports reduced markedly to $X in 2023. Over the period under review, imports saw a abrupt downturn. The pace of growth was the most pronounced in 2018 when imports increased by X%. Imports peaked at $X in 2016; however, from 2017 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Hungary (X kg) constituted the largest cotton sewing thread supplier to Finland, accounting for a X% share of total imports. Moreover, cotton sewing thread imports from Hungary exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X kg), fivefold. Turkey (X kg) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Hungary amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Turkey (X% per year).

In value terms, Hungary ($X) constituted the largest supplier of cotton sewing thread to Finland, comprising X% of total imports. The second position in the ranking was held by Turkey ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2023, the average annual growth rate of value from Hungary stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Germany (X% per year).

Import Prices by Country

The average cotton sewing thread import price stood at $X per ton in 2023, increasing by X% against the previous year. Over the period under review, the import price showed a buoyant expansion. The pace of growth was the most pronounced in 2019 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2020 to 2023, the average import prices failed to regain momentum.

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

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

Source: IndexBox Platform