Asia: Sewing Needle Market 2020

Sewing Needle Market Size in Asia

The revenue of the sewing needle market in Asia amounted to $X in 2017, jumping by X% against the previous year. The sewing needle consumption continues to indicate a strong expansion. The growth pace was the most rapid in 2015, when it surged by X% against the previous year. In that year, the sewing needle market attained their peak level of $X. From 2016 to 2017, growth of the sewing needle market failed to regain its momentum.

Sewing Needle Production in Asia

In 2017, sewing needle production in Asia amounted to X tons, growing by X% against the previous year. The total output volume increased an average annual rate of +X% from 2007 to 2017; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2013, when the output figure increased by X% y-o-y. The volume of sewing needle production peaked in 2017, and is expected to retain its growth in the near future.

Sewing Needle Exports in Asia

In 2017, approx. X tons of sewing, knitting needles and bodkins of iron or steel were exported in Asia; jumping by X% against the previous year. The sewing needle exports continue to indicate a drastic drop. The pace of growth was the most pronounced in 2012, when exports increased by X% year-to-year. The volume of exports peaked of X tons in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

In value terms, sewing needle exports totaled $X in 2017. The sewing needle exports continue to indicate a perceptible deduction. The level of exports peaked of $X in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Sewing Needle Exports by Country in Asia

China dominates sewing needle exports structure, accounting for X tons, which was near X% of total exports in 2017. India (X tons) ranks second in terms of the global exports with a X% share, followed by Singapore (X%) and Malaysia (X%). South Korea (X tons), Taiwan, Chinese (X tons) and Thailand (X tons) occupied the minor share of total exports.

From 2007 to 2017, average annual rates of growth with regard to sewing needle exports from China stood at -X%. At the same time, Thailand (+X%), South Korea (+X%) and India (+X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest growing exporter in Asia, with a CAGR of +X% from 2007-2017. Taiwan, Chinese experienced a relatively flat trend pattern. By contrast, Malaysia (-X%) and Singapore (-X%) illustrated a downward trend over the same period. China (X%), Singapore (X%) and Malaysia (X%) significantly strengthened its position in terms of the global exports, while Thailand, India and South Korea saw its share reduced by -X%, -X% and -X% from 2007 to 2017, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest sewing needle supplier in Asia, making up X% of global exports. The second position in the ranking was occupied by Singapore ($X), with a X% share of global exports. It was followed by Malaysia, with a X% share.

From 2007 to 2017, the average annual growth rate of value in China amounted to -X%. The remaining exporting countries recorded the following average annual rates of exports growth: Singapore (-X% per year) and Malaysia (-X% per year).

Sewing Needle Export Prices by Country in Asia

In 2017, the sewing needle export price in Asia amounted to $X per ton, leveling off at the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2010, when the export prices increased by X% y-o-y. The level of export price peaked in 2017, and is expected to retain its growth in the near future.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Taiwan, Chinese ($X per kg), while India ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Singapore (+X% per year), while the other leaders experienced more modest paces of growth.

Sewing Needle Imports in Asia

In 2017, sewing needle imports in Asia amounted to X tons, rising by X% against the previous year. The total import volume increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained consistent, with only minor fluctuations over the period under review. The pace of growth was the most pronounced in 2014, when imports increased by X% year-to-year. Over the period under review, the sewing needle imports reached its peak figure volume in 2017, and are expected to retain its growth in the near future.

In value terms, sewing needle imports totaled $X in 2017. The sewing needle imports continue to indicate a slight slump. Over the period under review, the sewing needle imports attained its peak figure level of $X in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Sewing Needle Imports by Country in Asia

The imports of the seven major importers of sewing, knitting needles and bodkins of iron or steel, namely Malaysia, South Korea, China, Indonesia, India, Singapore and Thailand, represented more than two-thirds of total import. The following importers - the Philippines (X tons), Turkey (X tons), Japan (X tons), Iran (X tons) and Pakistan (X tons) together made up X% of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Iran (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest sewing needle markets worldwide were Indonesia ($X), Malaysia ($X) and South Korea ($X), with a combined X% share of total imports. India, Singapore, China, Thailand, Japan, the Philippines, Turkey, Pakistan and Iran lagged somewhat behind, together comprising a further X%.

Iran (+X% per year) experienced the highest growth rate of imports, in terms of the main importing countries over the last decade, while the other leaders experienced more modest paces of growth.

Sewing Needle Import Prices by Country in Asia

The sewing needle import price in Asia stood at $X per ton in 2017, remaining relatively unchanged against the previous year. The sewing needle import price continues to indicate a temperate setback. The pace of growth was the most pronounced in 2009, when it surged by X% against the previous year. Over the period under review, the import prices for sewing, knitting needles and bodkins of iron or steel reached its peak figure level of $X per ton in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Import prices varied noticeably by the country of destination; the country with the highest import price was Indonesia ($X per kg), while Iran ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by the Philippines (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform