Asia-Pacific: Sewing Thread Market 2025

Sewing Thread Market Size in Asia-Pacific

The Asia-Pacific sewing thread market shrank to $X in 2022, which is down by -5.4% against the previous year. In general, consumption recorded a slight decrease. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Sewing Thread Production in Asia-Pacific

In value terms, sewing thread production reduced modestly to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the production volume increased by 4.4%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Sewing Thread Exports

Exports in Asia-Pacific

In 2022, exports of sewing thread of man-made filaments or staple fibers in Asia-Pacific amounted to X tons, approximately reflecting 2021 figures. Overall, exports, however, recorded a slight curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 17%. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, sewing thread exports totaled $X in 2022. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 24%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

China dominates exports structure, accounting for X tons, which was near 80% of total exports in 2022. Bangladesh (X tons) took the second position in the ranking, followed by Vietnam (X tons). All these countries together held near 10% share of total exports. The following exporters - Hong Kong SAR (X tons) and Indonesia (X tons) - each resulted at a 3.8% share of total exports.

Exports from China decreased at an average annual rate of -1.3% from 2012 to 2022. At the same time, Vietnam (+17.8%) and Bangladesh (+15.0%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +17.8% from 2012-2022. By contrast, Indonesia (-3.7%) and Hong Kong SAR (-9.3%) illustrated a downward trend over the same period. While the share of Bangladesh (+4.3 p.p.) and Vietnam (+4.1 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Hong Kong SAR (-3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest sewing thread supplier in Asia-Pacific, comprising 73% of total exports. The second position in the ranking was taken by Bangladesh ($X), with a 5.8% share of total exports. It was followed by Hong Kong SAR, with a 5.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China was relatively modest. In the other countries, the average annual rates were as follows: Bangladesh (+10.9% per year) and Hong Kong SAR (-4.7% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, remaining stable against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 13% against the previous year. The level of export peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

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 Hong Kong SAR ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+5.1%), while the other leaders experienced mixed trends in the export price figures.

Sewing Thread Imports

Imports in Asia-Pacific

In 2022, imports of sewing thread of man-made filaments or staple fibers in Asia-Pacific contracted slightly to X tons, waning by -4.2% compared with the previous year's figure. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 22%. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, sewing thread imports dropped to $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 23% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Vietnam (X tons), Bangladesh (X tons), Indonesia (X tons), Myanmar (X tons), Cambodia (X tons), Pakistan (X tons) and Hong Kong SAR (X tons) represented roughly 81% of total imports in 2022.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of +36.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) constitutes the largest market for imported sewing thread of man-made filaments or staple fibers in Asia-Pacific, comprising 25% of total imports. The second position in the ranking was taken by Cambodia ($X), with a 12% share of total imports. It was followed by Indonesia, with an 11% share.

In Vietnam, sewing thread imports increased at an average annual rate of +5.0% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Cambodia (+4.4% per year) and Indonesia (+5.2% per year).

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per ton, remaining constant against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 8.9% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 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 Hong Kong SAR ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+4.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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