EU: Sewing Thread Market 2024

Sewing Thread Market Size in the EU

The EU sewing thread market surged to $X in 2023, growing by X% against the previous year. Overall, consumption, however, recorded a pronounced setback. The level of consumption peaked at $X in 2013; however, from 2014 to 2023, consumption stood at a somewhat lower figure.

Sewing Thread Production in the EU

In value terms, sewing thread production soared to $X in 2023 estimated in export price. Over the period under review, production continues to indicate a deep contraction. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Sewing Thread Exports

Exports in the EU

After two years of growth, overseas shipments of sewing thread of man-made filaments or staple fibers decreased by X% to X tons in 2023. Over the period under review, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2022 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons, and then fell markedly in the following year.

In value terms, sewing thread exports dropped slightly to $X in 2023. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

In 2023, Germany (X tons), distantly followed by Romania (X tons), Belgium (X tons), Italy (X tons), the Czech Republic (X tons), the Netherlands (X tons) and Spain (X tons) represented the key exporters of sewing thread of man-made filaments or staple fibers, together mixing up X% of total exports. Portugal (X tons), France (X tons), Bulgaria (X tons), Hungary (X tons), Slovenia (X tons) and Poland (X tons) took a little share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Belgium (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest sewing thread supplier in the European Union, comprising X% of total exports. The second position in the ranking was held by Romania ($X), with a X% share of total exports. It was followed by Italy, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Germany was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Romania (X% per year) and Italy (X% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2023, jumping by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Germany ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Italy (X%), while the other leaders experienced more modest paces of growth.

Sewing Thread Imports

Imports in the EU

In 2023, sewing thread imports in the European Union soared to X tons, growing by X% compared with 2022 figures. The total import volume increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The volume of import peaked at X tons in 2013; however, from 2014 to 2023, imports remained at a lower figure.

In value terms, sewing thread imports shrank to $X in 2023. In general, imports, however, showed a mild descent. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2023, imports failed to regain momentum.

Imports by Country

Belgium was the main importer of sewing thread of man-made filaments or staple fibers in the European Union, with the volume of imports reaching X tons, which was near X% of total imports in 2023. Slovakia (X tons) held the second position in the ranking, followed by the Czech Republic (X tons), Bulgaria (X tons), Italy (X tons), Germany (X tons), Romania (X tons) and France (X tons). All these countries together held approx. X% share of total imports.

Belgium was also the fastest-growing in terms of the sewing thread of man-made filaments or staple fibers imports, with a CAGR of X% from 2012 to 2023. At the same time, Bulgaria (X%), Slovakia (X%), France (X%) and Italy (X%) displayed positive paces of growth. Romania experienced a relatively flat trend pattern. By contrast, Germany (X%) and the Czech Republic (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Belgium, Bulgaria and Slovakia increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), Italy ($X) and Romania ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

Italy, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2023, the import price in the European Union amounted to $X per ton, declining by X% against the previous year. Over the period under review, the import price continues to indicate a noticeable reduction. The growth pace was the most rapid in 2014 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2023, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Germany (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform