Northern America: Cotton Sewing Thread Market 2024

Cotton Sewing Thread Market Size in Northern America

The North American cotton sewing thread market expanded slightly to $X in 2023, surging by X% against the previous year. Over the period under review, consumption showed buoyant growth. Over the period under review, the market attained the peak level at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Cotton Sewing Thread Production in Northern America

In value terms, cotton sewing thread production expanded modestly to $X in 2023 estimated in export price. Over the period under review, production continues to indicate prominent growth. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, production reached the peak level at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Cotton Sewing Thread Exports

Exports in Northern America

In 2023, approx. X tons of cotton sewing thread were exported in Northern America; which is down by X% on the year before. In general, exports saw a pronounced slump. The growth pace was the most rapid in 2022 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

In value terms, cotton sewing thread exports shrank to $X in 2023. Over the period under review, exports showed a noticeable reduction. The growth pace was the most rapid in 2022 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2023, the exports remained at a lower figure.

Exports by Country

The United States prevails in exports structure, finishing at X tons, which was near X% of total exports in 2023. It was distantly followed by Canada (X tons), making up a X% share of total exports.

Exports from the United States decreased at an average annual rate of X% from 2012 to 2023. At the same time, Canada (X%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of X% from 2012-2023. Canada (X p.p.) significantly strengthened its position in terms of the total exports, while the United States saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, the United States ($X) remains the largest cotton sewing thread supplier in Northern America, comprising X% of total exports. The second position in the ranking was held by Canada ($X), with a X% share of total exports.

In the United States, cotton sewing thread exports declined by an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in Northern America amounted to $X per ton, jumping by X% against the previous year. In general, the export price continues to indicate modest growth. The pace of growth appeared the most rapid in 2015 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2023, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%).

Cotton Sewing Thread Imports

Imports in Northern America

In 2023, approx. X tons of cotton sewing thread were imported in Northern America; surging by X% against the year before. In general, imports, however, continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, cotton sewing thread imports surged to $X in 2023. Overall, imports, however, recorded a relatively flat trend pattern. The level of import peaked at $X in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

Imports by Country

The United States was the major importing country with an import of around X tons, which finished at X% of total imports. It was distantly followed by Canada (X tons), generating a X% share of total imports.

The United States was also the fastest-growing in terms of the cotton sewing thread imports, with a CAGR of X% from 2012 to 2023. Canada (X%) illustrated a downward trend over the same period. While the share of the United States (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Canada (X p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported cotton sewing thread in Northern America, comprising X% of total imports. The second position in the ranking was held by Canada ($X), with a X% share of total imports.

In the United States, cotton sewing thread imports remained relatively stable over the period from 2012-2023.

Import Prices by Country

In 2023, the import price in Northern America amounted to $X per ton, surging by X% against the previous year. Overall, the import price posted prominent growth. The most prominent rate of growth was recorded in 2013 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2020; however, from 2021 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Canada (X%).

Source: IndexBox Platform