Europe: Cotton Sewing Thread Market 2024

Cotton Sewing Thread Market Size in Europe

The Europe cotton sewing thread market amounted to $X in 2023, approximately reflecting the previous year. Over the period under review, consumption, however, continues to indicate a mild reduction. As a result, consumption reached the peak level of $X. From 2018 to 2023, the growth of the market remained at a lower figure.

Cotton Sewing Thread Production in Europe

In value terms, cotton sewing thread production expanded to $X in 2023 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of X%. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2023, production stood at a somewhat lower figure.

Cotton Sewing Thread Exports

Exports in Europe

In 2023, shipments abroad of cotton sewing thread decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Over the period under review, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2022 when exports increased by X%. Over the period under review, the exports reached the peak figure 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 sharply to $X in 2023. In general, exports showed a noticeable curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

In 2023, Spain (X tons) and Italy (X tons) represented the key exporters of cotton sewing thread in Europe, together accounting for near X% of total exports. Belgium (X tons) held an X% share (based on physical terms) of total exports, which put it in second place, followed by France (X%), Germany (X%), the Netherlands (X%), Portugal (X%) and Slovenia (X%).

From 2012 to 2023, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) remains the largest cotton sewing thread supplier in Europe, comprising X% of total exports. The second position in the ranking was taken by France ($X), with a X% share of total exports. It was followed by Germany, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Italy stood at X%. In the other countries, the average annual rates were as follows: France (X% per year) and Germany (X% per year).

Export Prices by Country

In 2023, the export price in Europe amounted to $X per ton, with an increase of X% against the previous year. Export price indicated pronounced 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. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

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

Cotton Sewing Thread Imports

Imports in Europe

In 2023, supplies from abroad of cotton sewing thread decreased by X% to X tons, falling for the second consecutive year after two years of growth. Overall, imports showed a slight decline. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, cotton sewing thread imports declined slightly to $X in 2023. In general, imports continue to indicate a pronounced setback. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Spain (X tons), distantly followed by Italy (X tons), Belgium (X tons), France (X tons) and Romania (X tons) were the major importers of cotton sewing thread, together committing X% of total imports. Germany (X tons), the UK (X tons), the Netherlands (X tons), Albania (X tons), Russia (X tons), Greece (X tons), Belarus (X tons) and Portugal (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Greece (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cotton sewing thread importing markets in Europe were Italy ($X), Spain ($X) and France ($X), with a combined X% share of total imports. Germany, Romania, the UK, Belgium, the Netherlands, Portugal, Albania, Russia, Belarus and Greece lagged somewhat behind, together accounting for a further X%.

The Netherlands, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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 Europe stood at $X per ton in 2023, dropping by X% against the previous year. Overall, the import price showed a pronounced decline. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2023, import prices failed to regain momentum.

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 Portugal ($X per ton), while Greece ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Albania (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform