Latest Report Update: Mar 24, 2021

Vietnam - Sewing Thread Of Man-Made Filaments Or Staple Fibers - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

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Vietnam: Sewing Thread Market Overview 2021

Sewing Thread Market Size in Vietnam

In 2019, after two years of growth, there was decline in the Vietnamese sewing thread market, when its value decreased by -X% to $X. Overall, the total consumption indicated a remarkable increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2008 with an increase of X% year-to-year. Sewing thread consumption peaked at $X in 2018, and then contracted modestly in the following year.

Sewing Thread Exports

Exports from Vietnam

After two years of decline, overseas shipments of sewing thread of man-made filaments or staple fibers increased by X% to X tonnes in 2019. Overall, total exports indicated measured growth from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Exports peaked at X tonnes in 2016; however, from 2017 to 2019, exports stood at a somewhat lower figure.

In value terms, sewing thread exports soared to $X in 2019. Over the period under review, total exports indicated temperate growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Cambodia (X tonnes) was the main destination for sewing thread exports from Viet Nam, with a X% share of total exports. Moreover, sewing thread exports to Cambodia exceeded the volume sent to the second major destination, Guatemala (X tonnes), threefold. The third position in this ranking was occupied by Indonesia (X tonnes), with a X% share.

From 2007 to 2019, the average annual growth rate of volume to Cambodia totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (+X% per year) and Indonesia (+X% per year).

In value terms, Cambodia ($X) emerged as the key foreign market for sewing thread exports from Viet Nam, comprising X% of total exports. The second position in the ranking was occupied by Indonesia ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value to Cambodia totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+X% per year) and Japan (+X% per year).

Export Prices by Country

The average sewing thread export price stood at $X per tonne in 2019, increasing by X% against the previous year. Over the last twelve-year period, it increased at an average annual rate of +X%. As a result, export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2019, the country with the highest price was Cambodia ($X per tonne), while the average price for exports to Guatemala ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Cambodia, while the prices for the other major destinations experienced more modest paces of growth.

Sewing Thread Imports

Imports into Vietnam

In 2019, approx. X tonnes of sewing thread of man-made filaments or staple fibers were imported into Viet Nam; with an increase of X% on 2018 figures. The total import volume increased at an average annual rate of +X% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. Over the period under review, imports hit record highs at X tonnes in 2016; however, from 2017 to 2019, imports stood at a somewhat lower figure.

In value terms, sewing thread imports rose markedly to $X in 2019. In general, imports showed prominent growth. The growth pace was the most rapid in 2012 with an increase of X% y-o-y. Over the period under review, imports reached the peak figure in 2019 and are likely to see steady growth in years to come.

Imports by Country

In 2019, China (X tonnes) constituted the largest supplier of sewing thread to Viet Nam, accounting for a X% share of total imports. Moreover, sewing thread imports from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X tonnes), fourfold. The third position in this ranking was occupied by South Korea (X tonnes), with a X% share.

From 2007 to 2019, the average annual growth rate of volume from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+X% per year) and South Korea (-X% per year).

In value terms, China ($X) constituted the largest supplier of sewing thread to Viet Nam, comprising X% of total imports. The second position in the ranking was occupied by Hong Kong SAR ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+X% per year) and South Korea (-X% per year).

Import Prices by Country

In 2019, the average sewing thread import price amounted to $X per tonne, shrinking by -X% against the previous year. Over the period under review, import price indicated a noticeable increase from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, sewing thread import price increased by +X% against 2016 indices. The growth pace was the most rapid in 2013 when the average import price increased by X% y-o-y. Over the period under review, average import prices hit record highs at $X per tonne in 2018, and then dropped in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was Thailand ($X per tonne), while the price for China ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sewing thread of man-made filaments or staple fibers in the world?
+
The countries with the highest volumes of sewing thread consumption in 2019 were China (108K tonnes), Turkey (77K tonnes) and the U.S. (55K tonnes), with a combined 37% share of global consumption. These countries were followed by Germany, India, Indonesia, Mexico, Bangladesh, France, Viet Nam and Japan, which together accounted for a further 28%.
What are the largest producers of sewing thread of man-made filaments or staple fibers in the world?
+
China (259K tonnes) constituted the country with the largest volume of sewing thread production, comprising approx. 42% of total volume. Moreover, sewing thread production in China exceeded the figures recorded by the second-largest producer, Turkey (66K tonnes), fourfold. The U.S. (59K tonnes) ranked third in terms of total production with a 9.6% share.
What are the leading suppliers of sewing thread of man-made filaments or staple fibers to Vietnam?
+
In value terms, China ($68M) constituted the largest supplier of sewing thread to Viet Nam, comprising 50% of total imports. The second position in the ranking was occupied by Hong Kong SAR ($33M), with a 25% share of total imports. It was followed by South Korea, with a 9.9% share.
What are the leading importers of sewing thread of man-made filaments or staple fibers from Vietnam?
+
In value terms, Cambodia ($11M) emerged as the key foreign market for sewing thread exports from Viet Nam, comprising 46% of total exports. The second position in the ranking was occupied by Indonesia ($2.3M), with a 9.8% share of total exports. It was followed by Japan, with a 9.3% share.
What is the average export price for sewing thread of man-made filaments or staple fibers in Vietnam?
+
In 2019, the average sewing thread export price amounted to $8,006 per tonne, surging by 29% against the previous year.
What is the average import price for sewing thread of man-made filaments or staple fibers in Vietnam?
+
The average sewing thread import price stood at $8,876 per tonne in 2019, shrinking by -1.9% against the previous year.

Product coverage:
• Prodcom 13108510 - Sewing thread of man-made filaments
• Prodcom 13108550 - Sewing thread of man-made staple fibres

This report provides an in-depth analysis of the sewing thread market in Vietnam. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Viet Nam

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Vietnam
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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