ASEAN: Cotton Sewing Thread Market 2024

Cotton Sewing Thread Market Size in ASEAN

The ASEAN cotton sewing thread market rose to $X in 2023, increasing by X% against the previous year. The total consumption indicated a resilient expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Cotton Sewing Thread Production in ASEAN

In value terms, cotton sewing thread production rose notably to $X in 2023 estimated in export price. Overall, production enjoyed prominent growth. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2023, production remained at a lower figure.

Cotton Sewing Thread Exports

Exports in ASEAN

In 2023, the amount of cotton sewing thread exported in ASEAN reduced rapidly to X tons, declining by X% against 2022. Overall, exports, however, continue to indicate a notable expansion. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

In value terms, cotton sewing thread exports dropped dramatically to $X in 2023. Over the period under review, exports, however, enjoyed strong growth. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Thailand represented the major exporting country with an export of around X tons, which accounted for X% of total exports. Vietnam (X tons) took the second position in the ranking, followed by Indonesia (X tons). All these countries together held approx. X% share of total exports. Cambodia (X tons) and Malaysia (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to cotton sewing thread exports from Thailand stood at X%. At the same time, Vietnam (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2023. Cambodia experienced a relatively flat trend pattern. By contrast, Malaysia (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Thailand and Vietnam increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X), Vietnam ($X) and Indonesia ($X) were the countries with the highest levels of exports in 2023, with a combined X% share of total exports.

In terms of the main exporting countries, Vietnam, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2023, waning by X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2019; however, from 2020 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while Cambodia ($X per ton) was amongst the lowest.

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

Cotton Sewing Thread Imports

Imports in ASEAN

In 2023, after five years of decline, there was significant growth in purchases abroad of cotton sewing thread, when their volume increased by X% to X tons. Overall, imports, however, recorded a mild slump. The most prominent rate of growth was recorded in 2017 when imports increased by X%. As a result, imports reached the peak of X tons. From 2018 to 2023, the growth of imports remained at a lower figure.

In value terms, cotton sewing thread imports expanded sharply to $X in 2023. Over the period under review, imports, however, recorded a perceptible decline. The pace of growth appeared the most rapid in 2017 when imports increased by X%. As a result, imports attained the peak of $X. From 2018 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2023, Myanmar (X tons) represented the major importer of cotton sewing thread, achieving X% of total imports. Lao People's Democratic Republic (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by the Philippines (X%), Malaysia (X%), Thailand (X%), Cambodia (X%), Indonesia (X%) and Vietnam (X%).

Myanmar was also the fastest-growing in terms of the cotton sewing thread imports, with a CAGR of X% from 2012 to 2023. At the same time, Lao People's Democratic Republic (X%), Malaysia (X%), the Philippines (X%) and Thailand (X%) displayed positive paces of growth. By contrast, Vietnam (X%), Cambodia (X%) and Indonesia (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Myanmar, Lao People's Democratic Republic, the Philippines, Malaysia and Thailand increased by X, X, X, X and X percentage points, respectively.

In value terms, the largest cotton sewing thread importing markets in ASEAN were Lao People's Democratic Republic ($X), Myanmar ($X) and the Philippines ($X), with a combined X% share of total imports.

In terms of the main importing countries, Myanmar, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in ASEAN amounted to $X per ton, waning by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of X%. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Lao People's Democratic Republic ($X per ton), while Thailand ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform