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Hong Kong SAR, China - Sewing Thread Of Man-Made Filaments Or Staple Fibers - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

Hong Kong SAR, China - Sewing Thread Of Man-Made Filaments Or Staple Fibers - Market Analysis, Forecast, Size, Trends and Insights

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Apr 27, 2023

HK Sewing Thread Prices Drop 7% to $15.7/kg

Hong Kong, China Sewing Thread Export Price in January 2023

In January 2023, the sewing thread price stood at $15,683 per ton (FOB, Hong Kong, China), falling by -6.6% against the previous month. Over the period from January 2022 to January 2023, it increased at an average monthly rate of +2.5%. The most prominent rate of growth was recorded in April 2022 an increase of 19% m-o-m. The export price peaked at $17,480 per ton in June 2022; however, from July 2022 to January 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In January 2023, the country with the highest price was the Philippines ($19,629 per ton), while the average price for exports to Lesotho ($6,542 per ton) was amongst the lowest.

From January 2022 to January 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.

COUNTRYJan 2022Feb 2022Mar 2022Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023
Export Price of Sewing Thread in Hong Kong, China (USD per ton)
Philippines16,73612,80514,84013,28516,87319,49019,62618,87117,69519,92623,45718,73319,629
Indonesia14,9299,76012,93720,26515,95214,70319,06716,04918,61516,77315,65619,57518,871
China7,77310,08015,70914,69621,03217,18019,59915,68218,00817,75616,67117,21518,770
Cambodia12,67917,07410,79213,31815,24720,54814,60313,61017,00914,30316,84519,52517,792
Jordan11,89511,51610,01212,46415,86113,46011,61612,10016,24311,27412,74214,41714,912
Bangladesh15,32617,35518,36224,91318,27324,46919,86819,75719,26919,94019,14018,27114,800
Vietnam12,26011,55213,62316,91113,17014,26215,31313,01915,30314,88113,40916,55813,730
Myanmar8,10918,8607,8149,1498,34711,7537,31111,21210,8178,08811,27913,83811,570
Madagascar6,2637,9226,7967,2599,80113,38014,24517,05516,60630,04513,6066,9998,337
Lesotho6,2535,7203,3964,4735,7496,3285,9785,7005,3275,3386,2426,4846,542
Average11,69212,42512,29814,60515,07117,48015,78414,62816,55515,86215,39216,79815,683

Hong Kong, China Sewing Thread Export Prices by Type

Prices varied noticeably by the product type; the product with the highest price was sewing thread of man-made filaments, whether or not put up for retail sale ($21,094 per ton), while the average price for exports of sewing thread of man-made staple fibres, whether or not put up for retail sale totaled $11,525 per ton.

From January 2022 to January 2023, the most notable rate of growth in terms of prices was recorded for the following types: sewing thread of man-made filaments, whether or not put up for retail sale (+2.0%).

Hong Kong, China Sewing Thread Exports

After two months of growth, overseas shipments of sewing thread of man-made filaments or staple fibers decreased by -21.8% to 262 tons in January 2023. In general, exports saw a abrupt curtailment. The growth pace was the most rapid in November 2022 when exports increased by 37% month-to-month.

In value terms, sewing thread exports dropped notably to $4.1M (IndexBox estimates) in January 2023. Over the period under review, exports recorded a deep setback. The most prominent rate of growth was recorded in November 2022 when exports increased by 33% against the previous month.

Hong Kong, China Sewing Thread Exports by Type

Sewing thread of man-made staple fibres, whether or not put up for retail sale (148 tons) and sewing thread of man-made filaments, whether or not put up for retail sale (114 tons) were the main products of sewing thread exports from Hong Kong.

From January 2022 to January 2023, the most notable rate of growth in terms of shipments, amongst the major product types, was attained by sewing thread of man-made filaments, whether or not put up for retail sale (with a CAGR of -7.4%).

In value terms, sewing thread of man-made filaments, whether or not put up for retail sale ($2.4M) and sewing thread of man-made staple fibres, whether or not put up for retail sale ($1.7M) were the most exported types of sewing thread of man-made filaments or staple fibers from Hong Kong worldwide.

Among the main product categories, sewing thread of man-made filaments, whether or not put up for retail sale, with a CAGR of -5.5%, saw the highest growth rate of the value of exports, over the period under review.

Hong Kong, China Sewing Thread Exports by Country

Cambodia (69 tons), Vietnam (67 tons) and Jordan (27 tons) were the main destinations of sewing thread exports from Hong Kong, with a combined 62% share of total exports. These countries were followed by the Philippines, Bangladesh, China, Lesotho, Indonesia, Madagascar and Myanmar, which together accounted for a further 31%.

From January 2022 to January 2023, the biggest increases were in Madagascar (with a CAGR of +0.9%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Cambodia ($1.2M), Vietnam ($915K) and the Philippines ($412K) constituted the largest markets for sewing thread exported from Hong Kong worldwide, with a combined 62% share of total exports. Jordan, Bangladesh, China, Indonesia, Madagascar, Lesotho and Myanmar lagged somewhat behind, together comprising a further 30%.

Among the main countries of destination, Madagascar, with a CAGR of +3.4%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the sewing thread market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 13108510 - Sewing thread of man-made filaments
  • Prodcom 13108550 - Sewing thread of man-made staple fibres

Country coverage:

  • Hong Kong SAR

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Hong Kong SAR, China
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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