Italy: Sewing Thread Market 2024

Sewing Thread Market Size in Italy

After two years of growth, the Italian sewing thread market decreased by X% to $X in 2022. In general, consumption continues to indicate a abrupt downturn. Sewing thread consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Sewing Thread Production in Italy

In value terms, sewing thread production plummeted to $X in 2022 estimated in export price. In general, production saw a abrupt setback. The pace of growth appeared the most rapid in 2020 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

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Sewing Thread Exports

Exports from Italy

In 2022, the amount of sewing thread of man-made filaments or staple fibers exported from Italy surged to X tons, growing by X% compared with 2021 figures. Over the period under review, exports, however, recorded a pronounced slump. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, sewing thread exports expanded modestly to $X in 2022. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Tunisia (X tons), Romania (X tons) and Albania (X tons) were the main destinations of sewing thread exports from Italy, together accounting for X% of total exports. Germany, Serbia, Russia, Bulgaria, Moldova, Mexico, Poland, France and Spain lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Tunisia ($X), Romania ($X) and Albania ($X) were the largest markets for sewing thread exported from Italy worldwide, together comprising X% of total exports. Serbia, Germany, Russia, Bulgaria, France, Mexico, Moldova, Poland and Spain lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Mexico, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average sewing thread export price amounted to $X per ton, reducing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2021, and then declined significantly in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, 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.

Sewing Thread Imports

Imports into Italy

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 year in a row after four years of decline. The total import 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. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the near future.

In value terms, sewing thread imports soared to $X in 2022. Overall, imports showed a modest increase. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of sewing thread to Italy, accounting for a X% share of total imports. Moreover, sewing thread imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. Hungary (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Hungary (X% per year).

In value terms, Germany ($X), China ($X) and Hungary ($X) constituted the largest sewing thread suppliers to Italy, together accounting for X% of total imports.

In terms of the main suppliers, Hungary, 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 average sewing thread import price stood at $X per ton in 2022, rising by X% against the previous year. Overall, the import price, however, recorded a perceptible slump. The growth pace was the most rapid in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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