Eastern Europe: Sewing Thread Market 2024

Sewing Thread Market Size in Eastern Europe

The East European sewing thread market amounted to $X in 2022, with an increase of X% against the previous year. Overall, consumption showed a slight slump. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Sewing Thread Production in Eastern Europe

In value terms, sewing thread production totaled $X in 2022 estimated in export price. Over the period under review, production saw a perceptible contraction. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Sewing Thread Exports

Exports in Eastern Europe

In 2022, shipments abroad of sewing thread of man-made filaments or staple fibers decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, sewing thread exports expanded modestly to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Romania (X tons) represented the largest exporter of sewing thread of man-made filaments or staple fibers, making up X% of total exports. Hungary (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by the Czech Republic (X%), Poland (X%) and Bulgaria (X%). The following exporters - Belarus (X tons) and Russia (X tons) - each amounted to an X% share of total exports.

Romania experienced a relatively flat trend pattern with regard to volume of exports of sewing thread of man-made filaments or staple fibers. At the same time, Belarus (X%), Bulgaria (X%), Poland (X%), Hungary (X%) and the Czech Republic (X%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. Russia experienced a relatively flat trend pattern. While the share of Bulgaria (X p.p.) and Belarus (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Romania (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Romania ($X), Hungary ($X) and the Czech Republic ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for X% of total exports. Poland, Bulgaria, Belarus and Russia lagged somewhat behind, together comprising a further X%.

Belarus, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries 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 Eastern Europe stood at $X per ton in 2022, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2016 an increase of X%. The level of export peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, 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 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the other leaders experienced more modest paces of growth.

Sewing Thread Imports

Imports in Eastern Europe

In 2022, supplies from abroad of sewing thread of man-made filaments or staple fibers increased by X% to X tons, rising for the second consecutive year after three years of decline. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by X%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, sewing thread imports reached $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Russia represented the major importing country with an import of around X tons, which reached X% of total imports. Romania (X tons) ranks second in terms of the total imports with a X% share, followed by the Czech Republic (X%), Ukraine (X%), Poland (X%) and Hungary (X%). Bulgaria (X tons) held a minor share of total imports.

Russia 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 2022. At the same time, Hungary (X%), Bulgaria (X%) and Romania (X%) displayed positive paces of growth. By contrast, Ukraine (X%), Poland (X%) and the Czech Republic (X%) illustrated a downward trend over the same period. Russia (X p.p.), Romania (X p.p.) and Hungary (X p.p.) significantly strengthened its position in terms of the total imports, while Poland, Ukraine and the Czech Republic saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest sewing thread importing markets in Eastern Europe were Russia ($X), Romania ($X) and Poland ($X), together comprising X% of total imports.

In terms of the main importing countries, Russia, 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

In 2022, the import price in Eastern Europe amounted to $X per ton, growing by X% against the previous year. Overall, the import price, however, continues to indicate a slight contraction. The growth pace was the most rapid in 2016 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the import prices failed to regain momentum.

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 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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