Iceland: Cotton Sewing Thread Market Overview 2020

Cotton Sewing Thread Market Size in Iceland

The revenue of the cotton sewing thread market in Iceland amounted to $X in 2018, coming down by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, cotton sewing thread consumption continues to indicate a deep deduction. The most prominent rate of growth was recorded in 2013 when the market value increased by X% y-o-y. In that year, the cotton sewing thread market reached its peak level of $X. From 2014 to 2018, the growth of the cotton sewing thread market remained at a somewhat lower figure.

Cotton Sewing Thread Exports

Exports from Iceland

In 2018, approx. X kg of cotton sewing thread were exported from Iceland; lowering by -X% against the previous year. Over the period under review, cotton sewing thread exports continue to indicate a precipitous contraction. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. In that year, cotton sewing thread exports attained their peak of X kg. From 2017 to 2018, the growth of cotton sewing thread exports remained at a somewhat lower figure.

In value terms, cotton sewing thread exports amounted to $X in 2018. Over the period under review, cotton sewing thread exports continue to indicate a dramatic decline. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, cotton sewing thread exports reached their peak figure at $X in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

Exports by Country

China was the largest exporting country with an export of around X tonnes, which reached X% of total exports. It was distantly followed by Pakistan (X tonnes) and India (X tonnes), together making up a X% share of total exports. Turkey (X tonnes), the U.S. (X tonnes), Italy (X tonnes), Egypt (X tonnes), Thailand (X tonnes) and China, Hong Kong SAR (X tonnes) followed a long way behind the leaders.

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 Iceland were China ($X), Pakistan ($X) and India ($X), with a combined X% share of total exports.

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

Export Prices by Country

The cotton sewing thread export price in Iceland stood at $X per tonne in 2018, surging by X% against the previous year. Overall, the cotton sewing thread export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the export price increased by X% year-to-year. Over the period under review, the export prices for cotton sewing thread reached their peak figure 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 ($X per tonne), while China ($X per tonne) 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 Iceland

In 2018, the amount of cotton sewing thread imported into Iceland stood at X tonnes, therefore, remained relatively stable against the previous year. Over the period under review, cotton sewing thread imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2009 when imports increased by X% against the previous year. Over the period under review, cotton sewing thread imports reached their maximum at X tonnes in 2013; however, from 2014 to 2018, imports remained at a lower figure.

In value terms, cotton sewing thread imports amounted to $X in 2018. Over the period under review, cotton sewing thread imports, however, continue to indicate an abrupt setback. The growth pace was the most rapid in 2013 when imports increased by X% year-to-year. In that year, cotton sewing thread imports attained their peak of $X. From 2014 to 2018, the growth of cotton sewing thread imports remained at a lower figure.

Imports by Country

In 2018, Cambodia (X tonnes), followed by the Dominican Republic (X tonnes), the U.S. (X tonnes) and Indonesia (X tonnes) represented the major importers of cotton sewing thread, together mixing up X% of total imports. The following importers - Italy (X tonnes), Thailand (X tonnes), Morocco (X tonnes), Nigeria (X tonnes), Japan (X tonnes), Viet Nam (X tonnes), Tunisia (X tonnes) and Guatemala (X tonnes) - together made up X% of total imports.

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, the largest cotton sewing thread importing markets into Iceland were Cambodia ($X), the U.S. ($X) and Italy ($X), together accounting for X% of total imports. These countries were followed by the Dominican Republic, Thailand, Morocco, Indonesia, Tunisia, Japan, Viet Nam, Nigeria, Guatemala and Iceland, which together accounted for a further X the main importing countries, Nigeria recorded the highest growth rate of imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the cotton sewing thread import price in Iceland amounted to $X per tonne, reducing by -X% against the previous year. Over the period under review, the cotton sewing thread import price continues to indicate an abrupt contraction. The most prominent rate of growth was recorded in 2012 when the import price increased by X% y-o-y. Iceland import price peaked at $X per tonne in 2007; however, from 2008 to 2018, import prices stood at a somewhat lower figure.

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. ($X per tonne), while Guatemala ($X per tonne) 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 AI Platform