Philippines - Cotton Sewing Thread - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCotton Sewing Thread Price in the Philippines - 2023
Contents:
- Cotton Sewing Thread Price in the Philippines (CIF) - 2022
- Cotton Sewing Thread Price in the Philippines (FOB) - 2022
- Cotton Sewing Thread Imports in the Philippines
- Cotton Sewing Thread Exports in the Philippines
Cotton Sewing Thread Price in the Philippines (CIF) - 2022
The average cotton sewing thread import price stood at $7,900 per ton in 2022, increasing by 20% against the previous year. Overall, the import price saw a remarkable increase. The pace of growth was the most pronounced in 2016 an increase of 83% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hong Kong SAR ($19,879 per ton), while the price for Taiwan (Chinese) ($1,521 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+18.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Cotton Sewing Thread Price in the Philippines (FOB) - 2022
The average cotton sewing thread export price stood at $12,279 per ton in 2022, waning by -13.3% against the previous year. In general, the export price, however, enjoyed buoyant growth. The pace of growth was the most pronounced in 2014 an increase of 138% against the previous year. Over the period under review, the average export prices attained the peak figure at $14,155 per ton in 2021, and then contracted in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($35,080 per ton), while the average price for exports to Papua New Guinea ($2,992 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 France (+33.5%), while the prices for the other major destinations experienced more modest paces of growth.
Cotton Sewing Thread Imports in the Philippines
In 2022, the amount of cotton sewing thread imported into the Philippines shrank dramatically to 401 tons, dropping by -21.6% compared with 2021. Overall, imports continue to indicate a precipitous descent.
In value terms, cotton sewing thread imports contracted to $3.2M in 2022. Over the period under review, imports showed a sharp reduction.
Import of Cotton Sewing Thread in the Philippines (Thousand USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 5,870 | 2,756 | 2,056 | 2,119 | -28.8% |
Hong Kong SAR | 1,146 | 213 | 443 | 305 | -35.7% |
Vietnam | 195 | 344 | 101 | 129 | -12.9% |
South Korea | 235 | 199 | 152 | 113 | -21.7% |
India | 66.6 | 117 | 100 | 68.2 | 0.8% |
Taiwan (Chinese) | 120 | 81.8 | 96.9 | 36.2 | -32.9% |
Thailand | 111 | 14.2 | 2.1 | 24.6 | -39.5% |
Indonesia | N/A | 41.4 | 4.2 | 22.5 | -26.3% |
Others | 571 | 431 | 411 | 350 | -15.1% |
Total | 8,314 | 4,198 | 3,366 | 3,168 | -27.5% |
Top Suppliers of Cotton Sewing Thread to the Philippines in 2022:
- China (286.8 tons)
- Taiwan (Chinese) (23.8 tons)
- Vietnam (17.8 tons)
- Hong Kong SAR (15.3 tons)
- South Korea (13.3 tons)
- India (12.8 tons)
- Thailand (7.9 tons)
- Indonesia (6.3 tons)
Cotton Sewing Thread Exports in the Philippines
In 2022, approx. 13 tons of cotton sewing thread were exported from the Philippines; increasing by 11% against the previous year. Overall, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +21.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -9.3% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 98% against the previous year. As a result, the exports attained the peak of 14 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, cotton sewing thread exports reduced modestly to $160K in 2022. Over the period under review, exports saw significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 98% against the previous year.
Export of Cotton Sewing Thread in the Philippines (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Vietnam | 49.0 | 106 | 87.8 | 89.2 | 22.1% |
France | 6.7 | 4.3 | 31.1 | 37.3 | 77.2% |
Indonesia | 14.1 | 18.5 | 8.0 | 25.0 | 21.0% |
Papua New Guinea | 1.1 | 2.3 | 1.9 | 1.8 | 17.8% |
United States | 2.3 | 3.3 | 1.8 | 1.2 | -19.5% |
United Arab Emirates | N/A | N/A | 22.3 | N/A | 0% |
Others | 4.5 | 19.1 | 13.5 | 5.5 | 6.9% |
Total | 77.7 | 154 | 166 | 160 | 27.2% |
Top Export Markets for Cotton Sewing Thread from the Philippines in 2022:
- Vietnam (10.2 tons)
- France (1.1 tons)
- Indonesia (0.7 tons)
- Papua New Guinea (0.6 tons)
- United States (0.2 tons)
This report provides an in-depth analysis of the cotton sewing thread market in the Philippines. 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 2030.
Product coverage:
- Prodcom 13106200 - Cotton sewing thread
Country coverage:
- Philippines
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Philippines
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the cotton sewing thread market in the Philippines.
This report provides an in-depth analysis of the global cotton sewing thread market.
This report provides an in-depth analysis of the cotton sewing thread market in the Philippines.
This report provides an in-depth analysis of the global cotton sewing thread market.
In 2016, the global cotton sewing thread imports totaled X tons, remaining relatively unchanged against the previous year figure. In general, cotton sewing thread imports continue to indicate a pe...
In 2016, the global cotton sewing thread imports totaled X tons, remaining relatively unchanged against the previous year figure. In general, cotton sewing thread imports continue to indicate a pe...
The global trade in cotton sewing thread amounted to X million USD in 2015, fluctuating mildly over the period under review. A X% drop in 2009 was followed by another X% decline in 2010, after which exports alternated be
Despite a drop in exports in 2014, India remained one of the leaders in the global cotton sewing thread trade. In 2014, India exported X tons of cotton sewing thread totaling X million USD, X% under the previous year. Its primary trading partne
In 2016, the global cotton sewing thread imports totaled X tons, remaining relatively unchanged against the previous year figure. In general, cotton sewing thread imports continue to indicate a pe...
In 2016, the global cotton sewing thread imports totaled X tons, remaining relatively unchanged against the previous year figure. In general, cotton sewing thread imports continue to indicate a pe...
The global trade in cotton sewing thread amounted to X million USD in 2015, fluctuating mildly over the period under review. A X% drop in 2009 was followed by another X% decline in 2010, after which exports alternated be
Despite a drop in exports in 2014, India remained one of the leaders in the global cotton sewing thread trade. In 2014, India exported X tons of cotton sewing thread totaling X million USD, X% under the previous year. Its primary trading partne