Global Cotton Sewing Thread Market 2022

Cotton Sewing Thread Market Size

The global cotton sewing thread market stood at $X in 2020, increasing by X% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011 when the market value increased by X% against the previous year. Global consumption peaked at $X in 2013; however, from 2014 to 2020, consumption failed to regain the momentum.

Cotton Sewing Thread Production

In value terms, cotton sewing thread production dropped to $X in 2020 estimated in export prices. Overall, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2012 when the production volume increased by X% year-to-year. Over the period under review, global production hit record highs at $X in 2013; however, from 2014 to 2020, production stood at a somewhat lower figure.

Production By Country

The countries with the highest volumes of cotton sewing thread production in 2020 were China (X tonnes), Turkey (X tonnes) and India (X tonnes), with a combined X% share of global production.

From 2007 to 2020, the most notable rate of growth in terms of cotton sewing thread production, amongst the main producing countries, was attained by Turkey, while cotton sewing thread production for the other global leaders experienced more modest paces of growth.

Cotton Sewing Thread Exports

Exports

For the third year in a row, the global market recorded decline in shipments abroad of cotton sewing thread, which decreased by -X% to X tonnes in 2020. In general, exports saw a abrupt downturn. The pace of growth appeared the most rapid in 2017 when exports increased by X% year-to-year. Over the period under review, global exports reached the peak figure at X tonnes in 2008; however, from 2009 to 2020, exports failed to regain the momentum.

In value terms, cotton sewing thread exports dropped remarkably to $X in 2020. Overall, exports recorded a perceptible setback. The growth pace was the most rapid in 2010 when exports increased by X% against the previous year. Over the period under review, global exports reached the peak figure at $X in 2008; however, from 2009 to 2020, exports remained at a lower figure.

Exports by Country

In 2020, China (X tonnes) was the major exporter of cotton sewing thread, achieving X% of total exports. It was distantly followed by Turkey (X tonnes), India (X tonnes) and Pakistan (X tonnes), together mixing up a X% share of total exports. The following exporters - Italy (X tonnes), South Africa (X tonnes), Hong Kong SAR (X tonnes), the U.S. (X tonnes), Belgium (X tonnes), the United Arab Emirates (X tonnes), Thailand (X tonnes) and Guatemala (X tonnes) - together made up X% of total exports.

From 2007 to 2020, average annual rates of growth with regard to cotton sewing thread exports from China stood at -X%. At the same time, Turkey (+X%), Guatemala (+X%) and Belgium (+X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in the world, with a CAGR of +X% from 2007-2020. South Africa experienced a relatively flat trend pattern. By contrast, the United Arab Emirates (-X%), India (-X%), Pakistan (-X%), Italy (-X%), Hong Kong SAR (-X%), Thailand (-X%) and the U.S. (-X%) illustrated a downward trend over the same period. While the share of China (+X p.p.) and Turkey (+X p.p.) increased significantly in terms of the global exports from 2007-2020, the share of Thailand (-X p.p.), Hong Kong SAR (-X p.p.) and the U.S. (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest cotton sewing thread supplying countries worldwide were China ($X), Turkey ($X) and India ($X), with a combined X% share of global exports. Italy, Pakistan, Hong Kong SAR, the U.S., Thailand, Belgium, South Africa, Guatemala and the United Arab Emirates lagged somewhat behind, together accounting for a further X terms of the main exporting countries, Guatemala saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average cotton sewing thread export price amounted to $X per tonne, growing by X% against the previous year. Over the last thirteen-year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2011 when the average export price increased by X% y-o-y. Global export price peaked in 2020 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Italy ($X per tonne), while the United Arab Emirates ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Thailand, while the other global leaders experienced more modest paces of growth.

Cotton Sewing Thread Imports

Imports

In 2020, overseas purchases of cotton sewing thread increased by X% to X tonnes for the first time since 2014, thus ending a five-year declining trend. In general, imports, however, saw a noticeable decline. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Over the period under review, global imports reached the peak figure at X tonnes in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

In value terms, cotton sewing thread imports rose markedly to $X in 2020. Overall, imports, however, continue to indicate a perceptible shrinkage. The pace of growth appeared the most rapid in 2010 when imports increased by X% against the previous year. Over the period under review, global imports hit record highs at $X in 2012; however, from 2013 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, Guatemala (X tonnes), distantly followed by Myanmar (X tonnes) and the Dominican Republic (X tonnes) were the main importers of cotton sewing thread, together achieving X% of total imports. The following importers - Nigeria (X tonnes), Cambodia (X tonnes), the U.S. (X tonnes), Vietnam (X tonnes), Niger (X tonnes) and Italy (X tonnes) - together made up X% of total imports.

Imports into Guatemala increased at an average annual rate of +X% from 2007 to 2020. At the same time, Myanmar (+X%), Nigeria (+X%), Niger (+X%) and Vietnam (+X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in the world, with a CAGR of +X% from 2007-2020. Cambodia and the Dominican Republic experienced a relatively flat trend pattern. By contrast, the U.S. (-X%) and Italy (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of Guatemala, Myanmar, Nigeria and the Dominican Republic increased by +X%, +X%, +X% and +X% percentage points, while the U.S. (-X p.p.) and Italy (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X), the Dominican Republic ($X) and Myanmar ($X) were the countries with the highest levels of imports in 2020, together accounting for X% of global imports.

Among the main importing countries, Myanmar recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average cotton sewing thread import price stood at $X per tonne in 2020, waning by -X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 an increase of X% y-o-y. Over the period under review, average import prices attained the maximum at $X per tonne in 2017; however, from 2018 to 2020, import prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per tonne), while Niger ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the U.S., while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform