Southern Asia: Sewing Needle Market 2020

Sewing Needle Market Size in Southern Asia

The revenue of the sewing needle market in Southern Asia amounted to $X in 2017, declining by -X% against the previous year. The sewing needle consumption continues to indicate a remarkable increase. The pace of growth appeared the most rapid in 2015, with an increase of X% against the previous year. In that year, the sewing needle market reached their peak level of $X. From 2016 to 2017, growth of the sewing needle market stood at a somewhat lower level.

Sewing Needle Production in Southern Asia

In 2017, the amount of sewing, knitting needles and bodkins of iron or steel produced in Southern Asia amounted to X tons, going down by -X% against the previous year. The sewing needle production continues to indicate a mild reduction. The pace of growth appeared the most rapid in 2016, with an increase of X% against the previous year. In that year, the sewing needle production attained their peak volume of X tons, and then declined slightly in the following year.

Sewing Needle Exports in Southern Asia

In 2017, approx. X tons of sewing, knitting needles and bodkins of iron or steel were exported in Southern Asia; rising by X% against the previous year. The sewing needle exports continue to indicate a temperate increase. The pace of growth appeared the most rapid in 2012, when exports increased by X% y-o-y. In that year, the sewing needle exports reached their peak volume of X tons. From 2013 to 2017, growth of the sewing needle exports stood at a somewhat lower level.

In value terms, sewing needle exports stood at $X in 2017. The sewing needle exports continue to indicate a relatively flat trend pattern. In that year, the sewing needle exports reached their peak level of $X. From 2013 to 2017, growth of the sewing needle exports stood at a somewhat lower level.

Sewing Needle Exports by Country in Southern Asia

India (X tons) represented roughly X% of total exports of sewing, knitting needles and bodkins of iron or steel in 2017.

India was also the fastest growing in terms of the sewing, knitting needles and bodkins of iron or steel exports, with a CAGR of +X% from 2007 to 2017. While the share of India (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest sewing needle supplier in Southern Asia.

In India, sewing needle exports remained relatively stable over the period from 2007-2017.

Sewing Needle Export Prices by Country in Southern Asia

The sewing needle export price in Southern Asia stood at $X per ton in 2017, approximately mirroring the previous year. The sewing needle export price continues to indicate a measured contraction. The most prominent rate of growth was recorded in 2013, when the export prices increased by X% against the previous year. The level of export price peaked of $X per ton in 2007; however, from 2008 to 2017, it failed to regain its momentum.

As there is only one major export destination, the average price level is determined by export prices for India.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by India (-X% per year).

Sewing Needle Imports in Southern Asia

In 2017, approx. X tons of sewing, knitting needles and bodkins of iron or steel were imported in Southern Asia; rising by X% against the previous year. The sewing needle imports continue to indicate a strong growth. The pace of growth appeared the most rapid in 2009, with an increase of X% y-o-y. The volume of imports peaked in 2017, and are expected to retain its growth in the near future.

In value terms, sewing needle imports totaled $X in 2017. The sewing needle imports continue to indicate a prominent expansion. The level of imports peaked in 2017, and are expected to retain its growth in the immediate term.

Sewing Needle Imports by Country in Southern Asia

India represented the key importing country with an import of about X tons, which reached X% of total imports. Pakistan (X tons) occupied the second position in the ranking, distantly followed by Bangladesh (X tons). All these countries together held approx. X% share of total imports. Sri Lanka (X tons) took the mild share of total imports.

Imports into India increased at an average annual rate of +X% from 2007 to 2017. At the same time, Bangladesh (+X%) and Pakistan (+X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest growing importer in Southern Asia, with a CAGR of +X% from 2007-2017. Sri Lanka experienced a relatively flat trend pattern. While the share of Bangladesh (-X%), Pakistan (-X%) and India (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported sewing, knitting needles and bodkins of iron or steel in Southern Asia, making up X% of global imports. The second position in the ranking was occupied by Pakistan ($X), with a X% share of global imports. It was followed by Bangladesh, with a X% share.

From 2007 to 2017, the average annual growth rate of value in India totaled +X%. In the other countries, the average annual rates were as follows: Pakistan (+X% per year) and Bangladesh (+X% per year).

Sewing Needle Import Prices by Country in Southern Asia

In 2017, the sewing needle import price in Southern Asia amounted to $X per ton, rising by X% against the previous year. The sewing needle import price continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2012, an increase of X% against the previous year. Over the period under review, the import prices for sewing, knitting needles and bodkins of iron or steel attained its peak figure level of $X per kg in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was India ($X per kg), while Bangladesh ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Pakistan (+X% per year), while the other leaders experienced mixed trends in the import price figures.

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Source: IndexBox Platform