Lithuania: Sewing Thread Market 2024

Sewing Thread Market Size in Lithuania

The Lithuanian sewing thread market declined to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Sewing thread consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Sewing Thread Production in Lithuania

In value terms, sewing thread production reduced sharply to $X in 2022 estimated in export price. Overall, production continues to indicate a deep reduction. The pace of growth was the most pronounced in 2021 when the production volume increased by X%. Sewing thread production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Sewing Thread Exports

Exports from Lithuania

In 2022, after three years of growth, there was significant decline in shipments abroad of sewing thread of man-made filaments or staple fibers, when their volume decreased by X% to X tons. Overall, exports, however, continue to indicate perceptible growth. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2021, and then reduced dramatically in the following year.

In value terms, sewing thread exports dropped rapidly to $X in 2022. Over the period under review, total exports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 when exports increased by X%. The exports peaked at $X in 2021, and then declined remarkably in the following year.

Exports by Country

Russia (X tons) was the main destination for sewing thread exports from Lithuania, accounting for a X% share of total exports. Moreover, sewing thread exports to Russia exceeded the volume sent to the second major destination, Latvia (X tons), fourfold. Ukraine (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (X% per year) and Ukraine (X% per year).

In value terms, Russia ($X), Belarus ($X) and Latvia ($X) constituted the largest markets for sewing thread exported from Lithuania worldwide, together comprising X% of total exports. Ukraine, Uzbekistan, Kazakhstan and Romania lagged somewhat behind, together accounting for a further X%.

Romania, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination 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, rising by X% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belarus ($X per ton), while the average price for exports to Russia ($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 Romania (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sewing Thread Imports

Imports into Lithuania

In 2022, purchases abroad of sewing thread of man-made filaments or staple fibers decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by X%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, sewing thread imports dropped significantly to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then contracted rapidly in the following year.

Imports by Country

Germany (X tons), Poland (X tons) and the Czech Republic (X tons) were the main suppliers of sewing thread imports to Lithuania, with a combined X% share of total imports. China, Italy, Spain, Latvia, Denmark and the Netherlands lagged somewhat behind, together accounting for a further X%.

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

In value terms, Germany ($X), Poland ($X) and Italy ($X) constituted the largest sewing thread suppliers to Lithuania, with a combined X% share of total imports. Latvia, Denmark, China, the Czech Republic, Spain and the Netherlands lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Spain, with a CAGR of X%, saw the highest growth rate of 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, declining by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X%. As a result, import price attained the peak level of $X per ton, and then reduced in the following year.

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

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

Source: IndexBox Platform

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