Greece: Cotton Sewing Thread Market 2024

Cotton Sewing Thread Market Size in Greece

The Greek cotton sewing thread market rose to $X in 2023, increasing by X% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. Cotton sewing thread consumption peaked at $X in 2015; however, from 2016 to 2023, consumption remained at a lower figure.

Cotton Sewing Thread Production in Greece

In value terms, cotton sewing thread production fell modestly to $X in 2023 estimated in export price. Overall, production, however, continues to indicate a noticeable setback. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2023, production failed to regain momentum.

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Cotton Sewing Thread Exports

Exports from Greece

In 2023, overseas shipments of cotton sewing thread decreased by X% to X tons, falling for the second year in a row after two years of growth. In general, exports recorded a deep downturn. The growth pace was the most rapid in 2021 when exports increased by X%. The exports peaked at X tons in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.

In value terms, cotton sewing thread exports reduced markedly to $X in 2023. Over the period under review, exports recorded a abrupt setback. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The exports peaked at $X in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

Exports by Country

Spain (X tons), Bulgaria (X tons) and Italy (X tons) were the main destinations of cotton sewing thread exports from Greece, together accounting for X% of total exports. Israel, Poland, the United States and France lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for Poland (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Spain ($X) emerged as the key foreign market for cotton sewing thread exports from Greece, comprising X% of total exports. The second position in the ranking was held by Israel ($X), with a X% share of total exports. It was followed by Bulgaria, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Spain amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (X% per year) and Bulgaria (X% per year).

Export Prices by Country

The average cotton sewing thread export price stood at $X per ton in 2023, rising by X% against the previous year. In general, export price indicated a modest expansion from 2012 to 2023: its price increased 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 2023 figures, cotton sewing thread export price increased by X% against 2021 indices. 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 destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Poland ($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 Spain (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cotton Sewing Thread Imports

Imports into Greece

In 2023, overseas purchases of cotton sewing thread decreased by X% to X tons, falling for the second consecutive year after three years of growth. In general, imports, however, showed resilient growth. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

In value terms, cotton sewing thread imports shrank notably to $X in 2023. Overall, imports continue to indicate a abrupt contraction. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2023, Bulgaria (X tons) constituted the largest cotton sewing thread supplier to Greece, accounting for a X% share of total imports. Moreover, cotton sewing thread imports from Bulgaria exceeded the figures recorded by the second-largest supplier, Turkey (X tons), fivefold. China (X tons) ranked third in terms of total imports with a X% share.

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

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

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

Import Prices by Country

In 2023, the average cotton sewing thread import price amounted to $X per ton, shrinking by X% against the previous year. In general, the import price saw a precipitous decrease. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2023, 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 Italy ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform