Algeria: Sewing Thread Market 2024

Sewing Thread Market Size in Algeria

The Algerian sewing thread market declined to $X in 2022, falling by -12.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a abrupt shrinkage. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Sewing Thread Exports

Exports from Algeria

After three years of growth, overseas shipments of sewing thread of man-made filaments or staple fibers decreased by -37.3% to X kg in 2022. Over the period under review, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 281% against the previous year. Over the period under review, the exports hit record highs at X kg in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, sewing thread exports plummeted to $X in 2022. In general, exports recorded a perceptible decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 303%. As a result, the exports attained the peak of $X, and then fell markedly in the following year.

Exports by Country

France (X kg) was the main destination for sewing thread exports from Algeria, with a 82% share of total exports. Moreover, sewing thread exports to France exceeded the volume sent to the second major destination, Ukraine (X kg), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to France amounted to +6,150.0%.

In value terms, France ($X) emerged as the key foreign market for sewing thread of man-made filaments or staple fibers exports from Algeria, comprising 89% of total exports. The second position in the ranking was taken by Ukraine ($X), with an 11% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to France amounted to +3,848.9%.

Export Prices by Country

The average sewing thread export price stood at $X per ton in 2022, flattening at the previous year. Overall, the export price, however, enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2016 an increase of 134%. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then fell slightly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Ukraine amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (-36.8%), while the prices for the other major destinations experienced a decline.

Sewing Thread Imports

Imports into Algeria

In 2022, approx. X tons of sewing thread of man-made filaments or staple fibers were imported into Algeria; waning by -4% compared with the previous year. In general, imports saw a drastic downturn. The growth pace was the most rapid in 2016 when imports increased by 15%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, sewing thread imports reduced markedly to $X in 2022. Overall, imports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 66%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of sewing thread to Algeria, with a 78% share of total imports. Moreover, sewing thread imports from China exceeded the figures recorded by the second-largest supplier, Egypt (X tons), more than tenfold. The third position in this ranking was held by Romania (X tons), with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled -9.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+74.3% per year) and Romania (+80.4% per year).

In value terms, China ($X) constituted the largest supplier of sewing thread of man-made filaments or staple fibers to Algeria, comprising 59% of total imports. The second position in the ranking was held by Egypt ($X), with a 19% share of total imports. It was followed by Romania, with a 7.3% share.

From 2012 to 2022, the average annual growth rate of value from China totaled -8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+116.7% per year) and Romania (+53.3% per year).

Import Prices by Country

The average sewing thread import price stood at $X per ton in 2022, falling by -11.9% against the previous year. Over the period under review, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sewing thread import price increased by +19.4% against 2020 indices. The most prominent rate of growth was recorded in 2018 an increase of 58%. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then fell in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Egypt ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+24.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :