Thailand: Cotton Sewing Thread Market 2024

Cotton Sewing Thread Market Size in Thailand

The Thai cotton sewing thread market was finally on the rise to reach $X in 2023, after four years of decline. In general, the total consumption indicated noticeable growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2023, consumption failed to regain momentum.

Cotton Sewing Thread Production in Thailand

In value terms, cotton sewing thread production shrank modestly to $X in 2023 estimated in export price. Overall, production continues to indicate a measured increase. The pace of growth was the most pronounced in 2013 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2023, production remained at a lower figure.

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Cotton Sewing Thread Exports

Exports from Thailand

After five years of growth, overseas shipments of cotton sewing thread decreased by X% to X tons in 2023. Over the period under review, exports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The exports peaked at X tons in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

In value terms, cotton sewing thread exports reduced dramatically to $X in 2023. In general, exports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

Exports by Country

Cambodia (X tons) was the main destination for cotton sewing thread exports from Thailand, accounting for a X% share of total exports. Moreover, cotton sewing thread exports to Cambodia exceeded the volume sent to the second major destination, Lao People's Democratic Republic (X tons), threefold. The third position in this ranking was taken by Myanmar (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Cambodia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lao People's Democratic Republic (X% per year) and Myanmar (X% per year).

In value terms, Cambodia ($X) remains the key foreign market for cotton sewing thread exports from Thailand, comprising X% of total exports. The second position in the ranking was held by Myanmar ($X), with a X% share of total exports. It was followed by Hong Kong SAR, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Cambodia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Myanmar (X% per year) and Hong Kong SAR (X% per year).

Export Prices by Country

The average cotton sewing thread export price stood at $X per ton in 2023, leveling off at the previous year. Over the period under review, the export price continues to indicate a slight increase. The pace of growth was the most pronounced in 2017 an increase of X%. The export price peaked at $X per ton in 2019; however, from 2020 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2012 to 2023, 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 Thailand

In 2023, approx. X tons of cotton sewing thread were imported into Thailand; rising by X% compared with 2022 figures. Overall, imports showed tangible growth. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2023, imports remained at a lower figure.

In value terms, cotton sewing thread imports skyrocketed to $X in 2023. In general, imports, however, saw a deep slump. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, China (X tons) constituted the largest cotton sewing thread supplier to Thailand, with a X% share of total imports. It was followed by Japan (X tons), with a X% share of total imports. The third position in this ranking was taken by India (X kg), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and India (X% per year).

In value terms, China ($X) constituted the largest supplier of cotton sewing thread to Thailand, comprising X% of total imports. The second position in the ranking was held by Japan ($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 from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and India (X% per year).

Import Prices by Country

In 2023, the average cotton sewing thread import price amounted to $X per ton, dropping by X% against the previous year. Overall, the import price showed a deep setback. The growth pace was the most rapid in 2022 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2023, 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