Netherlands: Sewing Thread Market 2024

Sewing Thread Market Size in the Netherlands

The Dutch sewing thread market shrank rapidly to $X in 2022, declining by -18.9% against the previous year. Overall, consumption, however, recorded perceptible growth. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Sewing Thread Production in the Netherlands

In value terms, sewing thread production contracted modestly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a significant expansion. The growth pace was the most rapid in 2018 with an increase of 76%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Sewing Thread Exports

Exports from the Netherlands

For the third year in a row, the Netherlands recorded growth in overseas shipments of sewing thread of man-made filaments or staple fibers, which increased by 5.5% to X tons in 2022. Overall, exports showed a tangible increase. The most prominent rate of growth was recorded in 2021 when exports increased by 48% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, sewing thread exports totaled $X in 2022. Over the period under review, exports recorded a remarkable increase. The most prominent rate of growth was recorded in 2018 when exports increased by 45%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

France (X tons), Belgium (X tons) and Germany (X tons) were the main destinations of sewing thread exports from the Netherlands, with a combined 58% share of total exports. The Czech Republic, Italy, Denmark, Poland, the United States, Spain, Portugal, Hungary and the UK lagged somewhat behind, together comprising a further 28%.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +149.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X) emerged as the key foreign market for sewing thread of man-made filaments or staple fibers exports from the Netherlands, comprising 27% of total exports. The second position in the ranking was held by Germany ($X), with a 13% share of total exports. It was followed by Belgium, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France stood at +14.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+1.3% per year) and Belgium (-0.3% per year).

Export Prices by Country

In 2022, the average sewing thread export price amounted to $X per ton, growing by 3.5% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The pace of growth was the most pronounced in 2015 an increase of 23%. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.

Sewing Thread Imports

Imports into the Netherlands

Sewing thread imports into the Netherlands dropped rapidly to X tons in 2022, waning by -24% on the year before. In general, imports continue to indicate a deep setback. The growth pace was the most rapid in 2021 when imports increased by 79% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, sewing thread imports dropped sharply to $X in 2022. Over the period under review, imports continue to indicate a pronounced downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 54% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of sewing thread to the Netherlands, with a 62% share of total imports. Moreover, sewing thread imports from China exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), twofold. Germany (X tons) ranked third in terms of total imports with a 7.5% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +14.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (-2.5% per year) and Germany (-22.2% per year).

In value terms, China ($X) constituted the largest supplier of sewing thread of man-made filaments or staple fibers to the Netherlands, comprising 65% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 13% share of total imports. It was followed by Germany, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +21.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+0.5% per year) and Germany (-17.5% per year).

Import Prices by Country

The average sewing thread import price stood at $X per ton in 2022, approximately reflecting the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 59%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Slovenia ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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