New Zealand: Sewing Thread Market 2024

Sewing Thread Market Size in New Zealand

In 2022, after two years of growth, there was significant decline in the New Zealand sewing thread market, when its value decreased by X% to $X. In general, consumption, however, continues to indicate a slight downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Sewing Thread Exports

Exports from New Zealand

In 2022, sewing thread exports from New Zealand skyrocketed to X tons, picking up by X% on 2021. Over the period under review, exports posted a buoyant increase. The growth pace was the most rapid in 2019 with an increase of X%. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, sewing thread exports shrank notably to $X in 2022. In general, exports, however, continue to indicate a pronounced slump. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Tonga (X tons), Vanuatu (X tons) and Solomon Islands (X kg) were the main destinations of sewing thread exports from New Zealand, with a combined X% share of total exports.

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

In value terms, Fiji ($X), French Polynesia ($X) and New Caledonia ($X) constituted the largest markets for sewing thread exported from New Zealand worldwide, with a combined X% share of total exports. Cook Islands, Tonga, the United States, Samoa, Vanuatu, Solomon Islands and Australia lagged somewhat behind, together accounting for a further X%.

Tonga, with a CAGR of X%, saw the highest rates of growth with regard to 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, falling by X% against the previous year. Overall, the export price continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2020 an increase of X%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Solomon Islands ($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 Samoa (X%), while the prices for the other major destinations experienced a decline.

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Sewing Thread Imports

Imports into New Zealand

Sewing thread imports into New Zealand rose remarkably to X tons in 2022, growing by X% against the previous year's figure. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, sewing thread imports reduced to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Germany (X tons) and Thailand (X tons) were the main suppliers of sewing thread imports to New Zealand, with a combined X% share of total imports. Taiwan (Chinese), India, Turkey, South Korea, the United States, Malaysia, Vietnam, Australia, Hong Kong SAR and Indonesia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of sewing thread of man-made filaments or staple fibers to New Zealand, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Thailand (X% per year).

Import Prices by Country

In 2022, the average sewing thread import price amounted to $X per ton, shrinking by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of X%. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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