Eastern Europe: Cotton Sewing Thread Market 2024

Cotton Sewing Thread Market Size in Eastern Europe

In 2023, after two years of growth, there was decline in the East European cotton sewing thread market, when its value decreased by X% to $X. In general, consumption continues to indicate a slight decline. As a result, consumption attained the peak level of $X. From 2018 to 2023, the growth of the market failed to regain momentum.

Cotton Sewing Thread Production in Eastern Europe

In value terms, cotton sewing thread production stood at $X in 2023 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. The level of production peaked at $X in 2017; however, from 2018 to 2023, production stood at a somewhat lower figure.

Cotton Sewing Thread Exports

Exports in Eastern Europe

In 2023, the amount of cotton sewing thread exported in Eastern Europe dropped to X tons, shrinking by X% on the previous year's figure. In general, exports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, cotton sewing thread exports expanded slightly to $X in 2023. Over the period under review, exports recorded a deep slump. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

In 2023, Romania (X tons) and the Czech Republic (X tons) represented the key exporters of cotton sewing thread in Eastern Europe, together committing X% of total exports. Belarus (X tons) took the next position in the ranking, followed by Hungary (X tons) and Poland (X tons). All these countries together held near X% share of total exports. The following exporters - Russia (X tons) and Bulgaria (X tons) - together made up X% 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 Belarus (with a CAGR of X%), while the other leaders experienced a decline in the exports figures.

In value terms, the Czech Republic ($X), Romania ($X) and Hungary ($X) appeared to be the countries with the highest levels of exports in 2023, with a combined X% share of total exports.

Among the main exporting countries, the Czech Republic, 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 a decline in the exports figures.

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2023, surging by X% against the previous year. Export price indicated a tangible increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, cotton sewing thread export price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2019 when the export price increased by X%. Over the period under review, the export prices reached the peak figure in 2023 and is expected to retain growth in the immediate term.

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

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

Cotton Sewing Thread Imports

Imports in Eastern Europe

In 2023, purchases abroad of cotton sewing thread decreased by X% to X tons, falling for the second consecutive year after two years of growth. In general, imports saw a deep downturn. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, cotton sewing thread imports shrank to $X in 2023. Overall, imports saw a deep slump. The pace of growth appeared the most rapid in 2018 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Romania (X tons) and Russia (X tons) represented roughly X% of total imports in 2023. Belarus (X tons) ranks next in terms of the total imports with a X% share, followed by Hungary (X%), Bulgaria (X%), the Czech Republic (X%) and Ukraine (X%).

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Belarus (with a CAGR of X%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, Romania ($X), Hungary ($X) and Russia ($X) were the countries with the highest levels of imports in 2023, together accounting for X% of total imports.

Hungary, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2023, waning by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2017; however, from 2018 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 Hungary ($X per ton), while Russia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform