Pakistan: Cotton Sewing Thread Market 2024

Cotton Sewing Thread Market Size in Pakistan

The Pakistani cotton sewing thread market fell slightly to $X in 2022, approximately equating the previous year. Overall, the total consumption indicated a notable expansion 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. Based on 2022 figures, consumption decreased by X% against 2017 indices. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Cotton Sewing Thread Production in Pakistan

In value terms, cotton sewing thread production totaled $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Cotton sewing thread production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

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Cotton Sewing Thread Exports

Exports from Pakistan

In 2022, overseas shipments of cotton sewing thread increased by X% to X tons, rising for the fourth consecutive year after two years of decline. In general, exports, however, continue to indicate a deep contraction. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, cotton sewing thread exports surged to $X in 2022. Over the period under review, exports, however, saw a abrupt decrease. The pace of growth appeared the most rapid in 2019 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Spain (X tons), Afghanistan (X tons) and Nigeria (X tons) were the main destinations of cotton sewing thread exports from Pakistan, with a combined X% share of total exports.

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

In value terms, the largest markets for cotton sewing thread exported from Pakistan were Spain ($X), Nigeria ($X) and Turkey ($X), with a combined X% share of total exports.

Nigeria, 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

The average cotton sewing thread export price stood at $X per ton in 2022, rising by X% against the previous year. In general, the export price saw a relatively flat trend pattern. The export price peaked at $X per ton in 2014; however, from 2015 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 Turkey ($X per ton), while the average price for exports to Afghanistan ($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 China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cotton Sewing Thread Imports

Imports into Pakistan

In 2022, supplies from abroad of cotton sewing thread decreased by X% to X tons, falling for the sixth year in a row after two years of growth. Over the period under review, imports faced a significant contraction. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, cotton sewing thread imports fell dramatically to $X in 2022. Overall, imports faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest cotton sewing thread supplier to Pakistan, accounting for a X% share of total imports. Moreover, cotton sewing thread imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X kg), threefold. The third position in this ranking was held by Bahrain (X kg), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Bahrain (X% per year).

In value terms, China ($X), Bahrain ($X) and Italy ($X) appeared to be the largest cotton sewing thread suppliers to Pakistan, with a combined X% share of total imports. The United Arab Emirates and the UK lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, the United Arab Emirates, 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

In 2022, the average cotton sewing thread import price amounted to $X per ton, falling by X% against the previous year. Over the period under review, the import price, however, enjoyed a remarkable increase. The pace of growth was the most pronounced in 2017 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2020; however, from 2021 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 the UK ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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