Eastern Asia: Cotton Sewing Thread Market 2024

Cotton Sewing Thread Market Size in Eastern Asia

The East Asian cotton sewing thread market dropped to $X in 2023, which is down by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2016 to 2023, the growth of the market remained at a somewhat lower figure.

Cotton Sewing Thread Production in Eastern Asia

In value terms, cotton sewing thread production contracted slightly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 with an increase of X%. The level of production peaked at $X in 2015; however, from 2016 to 2023, production remained at a lower figure.

Cotton Sewing Thread Exports

Exports in Eastern Asia

In 2023, approx. X tons of cotton sewing thread were exported in Eastern Asia; rising by X% compared with 2022 figures. In general, exports, however, continue to indicate a perceptible decline. Over the period under review, the exports hit record highs 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 skyrocketed to $X in 2023. Over the period under review, exports, however, showed a mild curtailment. The level of export peaked at $X in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

Exports by Country

China prevails in exports structure, finishing at X tons, which was approx. X% of total exports in 2023. South Korea (X tons) followed a long way behind the leaders.

China experienced a relatively flat trend pattern with regard to volume of exports of cotton sewing thread. South Korea (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of South Korea (X p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest cotton sewing thread supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by South Korea ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in China amounted to X%.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2023, waning by X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of X%. The level of export peaked at $X per ton in 2016; however, from 2017 to 2023, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while China stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%).

Cotton Sewing Thread Imports

Imports in Eastern Asia

After two years of growth, supplies from abroad of cotton sewing thread decreased by X% to X tons in 2023. Overall, imports recorded a abrupt decline. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, cotton sewing thread imports dropped to $X in 2023. In general, imports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2020 with an increase of X%. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, South Korea (X tons), distantly followed by Hong Kong SAR (X tons), China (X tons), Japan (X tons), Macao SAR (X tons) and Taiwan (Chinese) (X tons) were the largest importers of cotton sewing thread, together comprising X% of total imports. Democratic People's Republic of Korea (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Macao SAR (with a CAGR of X%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, South Korea ($X), Hong Kong SAR ($X) and China ($X) were the countries with the highest levels of imports in 2023, together comprising X% of total imports. Japan, Taiwan (Chinese), Macao SAR and Democratic People's Republic of Korea lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Macao SAR, 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 mixed trends in the imports figures.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2023, jumping by X% against the previous year. Import price indicated temperate growth from 2012 to 2023: its price 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, cotton sewing thread import price decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2020 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2021 to 2023, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Japan ($X per ton), while Democratic People's Republic of Korea ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform