Report Update: Apr 1, 2024

China - Sewing Thread Of Man-Made Filaments Or Staple Fibers - Market Analysis, Forecast, Size, Trends and Insights

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Sewing Thread Price in China - 2023

Sewing Thread Price in China (FOB) - 2023

The average sewing thread export price stood at $4,575 per ton in June 2023, remaining relatively unchanged against the previous month. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 when the average export price increased by 18% m-o-m. As a result, the export price reached the peak level of $5,514 per ton. From March 2023 to June 2023, the the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In June 2023, the country with the highest price was Vietnam ($6,581 per ton), while the average price for exports to Iran ($3,306 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+0.4%), while the prices for the other major destinations experienced more modest paces of growth.

Sewing Thread Price in China (CIF) - 2023

The average sewing thread import price stood at $14,495 per ton in June 2023, with a decrease of -14.2% against the previous month. Over the period under review, the import price showed a mild shrinkage. The growth pace was the most rapid in August 2022 when the average import price increased by 21% m-o-m. Over the period under review, average import prices reached the maximum at $20,519 per ton in January 2023; however, from February 2023 to June 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Germany ($34,617 per ton), while the price for Indonesia ($4,631 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Turkey (+12.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Sewing Thread Exports in China

Sewing thread exports from China dropped to 176K tons in 2022, approximately mirroring the previous year's figure. The total export volume increased at an average annual rate of +1.5% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 17%. As a result, the exports attained the peak of 177K tons, leveling off in the following year.

In value terms, sewing thread exports expanded sharply to $894M in 2022. The total export value increased at an average annual rate of +3.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 25% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Export of Sewing Thread in China (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Vietnam	70.8	70.8	82.8	76.4	2.6%
Cambodia	28.8	26.3	40.1	46.6	17.4%
Bangladesh	33.0	29.0	44.3	41.0	7.5%
Indonesia	30.0	23.3	33.6	35.6	5.9%
Russia	21.1	21.9	29.7	35.4	18.8%
Pakistan	59.3	29.5	33.7	33.6	-17.3%
Myanmar	10.5	18.6	19.4	28.4	39.3%
Nigeria	22.5	19.6	24.0	28.3	7.9%
Iran	27.5	13.9	14.8	19.0	-11.6%
Ghana	12.1	11.1	13.8	13.8	4.5%
Peru	10.5	8.5	12.8	13.8	9.5%
Colombia	9.0	8.1	11.4	13.6	14.8%
Brazil	13.0	9.3	11.5	12.2	-2.1%
Others	462	390	476	496	2.4%
Total	810	680	848	894	3.3%

Top Export Markets for Sewing Thread from China in 2022:

Vietnam (11.5K tons)
Bangladesh (9.2K tons)
Indonesia (7.8K tons)
Russia (7.7K tons)
Nigeria (7.1K tons)
Pakistan (6.9K tons)
Cambodia (6.1K tons)
Iran (5.3K tons)
Myanmar (4.6K tons)
Ghana (3.6K tons)
Peru (3.5K tons)
Colombia (3.4K tons)
Brazil (3.3K tons)

Sewing Thread Imports in China

In 2022, sewing thread imports into China shrank sharply to 2K tons, which is down by -17.7% compared with the previous year's figure. Overall, imports continue to indicate a dramatic curtailment. The growth pace was the most rapid in 2021 with an increase of 13% against the previous year.

In value terms, sewing thread imports rose remarkably to $33M in 2022. Over the period under review, imports recorded a deep downturn.

Import of Sewing Thread in China (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Japan	10.7	7.2	7.7	8.9	-6.0%
United Kingdom	9.5	7.7	6.5	7.8	-6.4%
Germany	4.0	3.6	4.0	4.8	6.3%
South Korea	5.8	3.7	4.1	4.3	-9.5%
Turkey	1.5	1.4	2.4	1.6	2.2%
India	1.8	0.5	0.6	0.8	-23.7%
Vietnam	1.0	0.6	0.6	0.5	-20.6%
Thailand	2.1	0.7	0.6	0.1	-63.8%
Indonesia	5.5	0.8	0.6	N/A	-67.0%
Others	6.1	2.9	3.5	3.9	-13.9%
Total	48.0	29.2	30.6	32.8	-11.9%

Top Suppliers of Sewing Thread to China in 2022:

South Korea (500.6 tons)
Japan (417.2 tons)
United Kingdom (338.5 tons)
Turkey (269.7 tons)
Germany (164.1 tons)
India (53.3 tons)
Vietnam (43.9 tons)
Thailand (21.0 tons)
Indonesia (3.3 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the sewing thread market in China. 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 13108510 - Sewing thread of man-made filaments
Prodcom 13108550 - Sewing thread of man-made staple fibres

Country coverage:

China

Data coverage:

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

Reasons to buy this report:

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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
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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. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023