Spain: Cotton Sewing Thread Market 2024

Cotton Sewing Thread Market Size in Spain

The Spanish cotton sewing thread market was finally on the rise to reach $X in 2022, after two years of decline. Overall, consumption, however, continues to indicate a precipitous setback. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Cotton Sewing Thread Production in Spain

In value terms, cotton sewing thread production declined rapidly to $X in 2022 estimated in export price. Over the period under review, production recorded a deep setback. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. Cotton sewing thread production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

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Cotton Sewing Thread Exports

Exports from Spain

In 2022, approx. X tons of cotton sewing thread were exported from Spain; shrinking by X% on 2021 figures. In general, exports continue to indicate a deep reduction. The growth pace was the most rapid in 2015 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, cotton sewing thread exports shrank significantly to $X in 2022. Over the period under review, exports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2015 when exports increased by X%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Morocco (X tons), France (X tons) and Portugal (X tons) were the main destinations of cotton sewing thread exports from Spain, together accounting for X% of total exports. Mexico, Germany and Algeria lagged somewhat behind, together comprising a further X%.

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

In value terms, Morocco ($X) emerged as the key foreign market for cotton sewing thread exports from Spain, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with a X% share of total exports. It was followed by Portugal, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Morocco totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Portugal (X% per year).

Export Prices by Country

In 2022, the average cotton sewing thread export price amounted to $X per ton, reducing by X% against the previous year. Overall, the export price continues to indicate a noticeable decline. The growth pace was the most rapid in 2020 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to France ($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 Mexico (X%), while the prices for the other major destinations experienced mixed trend patterns.

Cotton Sewing Thread Imports

Imports into Spain

In 2022, supplies from abroad of cotton sewing thread increased by X% to X tons, rising for the third year in a row after three years of decline. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, cotton sewing thread imports dropped significantly to $X in 2022. Over the period under review, imports, however, saw a abrupt setback. The pace of growth was the most pronounced in 2016 when imports increased by X%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Italy (X tons), Portugal (X tons) and China (X tons) were the main suppliers of cotton sewing thread imports to Spain, together accounting for X% of total imports.

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

In value terms, Italy ($X), India ($X) and China ($X) constituted the largest cotton sewing thread suppliers to Spain, together comprising X% of total imports.

Italy, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

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 showed a abrupt decrease. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the average import prices failed to regain momentum.

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 France ($X per ton), while the price for Portugal ($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 mixed trend patterns.

Source: IndexBox Platform

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