Southern Asia: Cotton Sewing Thread Market 2024

Cotton Sewing Thread Market Size in Southern Asia

The South Asian cotton sewing thread market rose slightly to $X in 2023, growing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2020; however, from 2021 to 2023, consumption remained at a lower figure.

Cotton Sewing Thread Production in Southern Asia

In value terms, cotton sewing thread production reduced modestly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2023, production failed to regain momentum.

Cotton Sewing Thread Exports

Exports in Southern Asia

After four years of growth, overseas shipments of cotton sewing thread decreased by X% to X tons in 2023. Overall, exports saw a abrupt slump. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2023, the growth of the exports remained at a lower figure.

In value terms, cotton sewing thread exports contracted significantly to $X in 2023. Over the period under review, exports continue to indicate a deep downturn. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Pakistan represented the main exporter of cotton sewing thread in Southern Asia, with the volume of exports finishing at X tons, which was near X% of total exports in 2023. It was distantly followed by India (X tons), comprising a X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by India (with a CAGR of X%).

In value terms, India ($X) remains the largest cotton sewing thread supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was taken by Pakistan ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in India amounted to X%.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2023, falling by X% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the export price increased by X%. Over the period under review, the export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was India ($X per ton), while Pakistan totaled $X per ton.

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

Cotton Sewing Thread Imports

Imports in Southern Asia

In 2023, imports of cotton sewing thread in Southern Asia soared to X tons, picking up by X% compared with 2022 figures. Overall, imports, however, recorded a deep downturn. The volume of import peaked at X tons in 2016; however, from 2017 to 2023, imports stood at a somewhat lower figure.

In value terms, cotton sewing thread imports shrank to $X in 2023. In general, imports, however, showed a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

The purchases of the three major importers of cotton sewing thread, namely India, Bangladesh and Nepal, represented more than two-thirds of total import. Sri Lanka (X tons) took the next position in the ranking, followed by Afghanistan (X tons). All these countries together held near X% share of total imports. The following importers - Pakistan (X tons) and Maldives (X tons) - each reached a X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for Maldives (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Bangladesh ($X) constitutes the largest market for imported cotton sewing thread in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Sri Lanka ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Bangladesh stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Sri Lanka (X% per year) and India (X% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2023, shrinking by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The level of import peaked at $X per ton in 2021; however, from 2022 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Bangladesh ($X per ton), while Nepal ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Bangladesh (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform