Uzbekistan: Sewing Thread Market 2024

Sewing Thread Market Size in Uzbekistan

The Uzbek sewing thread market dropped sharply to $X in 2022, shrinking by X% against the previous year. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Sewing Thread Production in Uzbekistan

In value terms, sewing thread production amounted to less than $X in 2022 estimated in export price. In general, production, however, recorded a perceptible increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Sewing Thread Exports

Exports from Uzbekistan

After five years of growth, shipments abroad of sewing thread of man-made filaments or staple fibers decreased by X% to X tons in 2022. In general, exports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2021, and then fell in the following year.

In value terms, sewing thread exports shrank to $X in 2022. Over the period under review, exports, however, recorded a significant increase. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then shrank in the following year.

Exports by Country

Turkey (X tons) was the main destination for sewing thread exports from Uzbekistan, with a X% share of total exports. Moreover, sewing thread exports to Turkey exceeded the volume sent to the second major destination, Tajikistan (X tons), twofold. The third position in this ranking was taken by Kyrgyzstan (X tons), with a X% share.

From 2017 to 2022, the average annual growth rate of volume to Turkey amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tajikistan (X% per year) and Kyrgyzstan (X% per year).

In value terms, Turkey ($X) remains the key foreign market for sewing thread of man-made filaments or staple fibers exports from Uzbekistan, comprising X% of total exports. The second position in the ranking was held by Kyrgyzstan ($X), with a X% share of total exports. It was followed by Tajikistan, with a X% share.

From 2017 to 2022, the average annual rate of growth in terms of value to Turkey totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kyrgyzstan (X% per year) and Tajikistan (X% per year).

Export Prices by Country

The average sewing thread export price stood at $X per ton in 2022, waning by X% against the previous year. Over the period under review, the export price, however, saw a significant increase. The pace of growth was the most pronounced in 2019 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2021, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Tajikistan ($X per ton) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sewing Thread Imports

Imports into Uzbekistan

In 2022, after two years of decline, there was significant growth in supplies from abroad of sewing thread of man-made filaments or staple fibers, when their volume increased by X% to X tons. Over the period under review, imports saw measured growth. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, sewing thread imports soared to $X in 2022. In general, total imports indicated a resilient expansion from 2017 to 2022: its value increased at an average annual rate of X% over the last five-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of sewing thread to Uzbekistan, with a X% share of total imports. Moreover, sewing thread imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), more than tenfold.

From 2017 to 2022, the average annual growth rate of volume from China totaled X%.

In value terms, China ($X) constituted the largest supplier of sewing thread of man-made filaments or staple fibers to Uzbekistan, comprising X% of total imports. The second position in the ranking was taken by Turkey ($X), with a X% share of total imports.

From 2017 to 2022, the average annual rate of growth in terms of value from China amounted to X%.

Import Prices by Country

The average sewing thread import price stood at $X per ton in 2022, waning by X% against the previous year. Over the period under review, the import price, however, posted a remarkable increase. The pace of growth appeared the most rapid in 2021 an increase of X%. As a result, import price attained the peak level of $X per ton, and then reduced remarkably in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Turkey stood at $X per ton.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by China (X%).

Source: IndexBox Platform

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