Austria: Sewing Thread Market 2024

Sewing Thread Market Size in Austria

In 2022, after two years of decline, there was significant growth in the Austrian sewing thread market, when its value increased by 198% to $X. In general, consumption, however, showed a abrupt setback. Sewing thread consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Sewing Thread Exports

Exports from Austria

In 2022, shipments abroad of sewing thread of man-made filaments or staple fibers decreased by -6.1% to X tons for the first time since 2019, thus ending a two-year rising trend. The total export volume increased at an average annual rate of +1.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2015 with an increase of 53% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, sewing thread exports fell dramatically to $X in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 43%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for sewing thread exports from Austria, accounting for a 50% share of total exports. Moreover, sewing thread exports to Germany exceeded the volume sent to the second major destination, Slovakia (X tons), threefold. The third position in this ranking was taken by Bosnia and Herzegovina (X tons), with a 5.8% share.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at +1.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+35.0% per year) and Bosnia and Herzegovina (-4.8% per year).

In value terms, Germany ($X) remains the key foreign market for sewing thread of man-made filaments or staple fibers exports from Austria, comprising 45% of total exports. The second position in the ranking was held by Slovakia ($X), with an 8.4% share of total exports. It was followed by North Macedonia, with a 7.2% share.

From 2012 to 2022, the average annual growth rate of value to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+27.2% per year) and North Macedonia (+0.6% per year).

Export Prices by Country

In 2022, the average sewing thread export price amounted to $X per ton, dropping by -12.7% against the previous year. Overall, the export price continues to indicate a mild decrease. The growth pace was the most rapid in 2019 when the average export price increased by 12% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices failed to regain momentum.

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 North Macedonia ($X per ton), while the average price for exports to Slovakia ($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 Croatia (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.

Sewing Thread Imports

Imports into Austria

After three years of decline, overseas purchases of sewing thread of man-made filaments or staple fibers increased by 41% to X tons in 2022. Overall, imports, however, recorded a mild downturn. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, sewing thread imports skyrocketed to $X in 2022. Over the period under review, imports, however, continue to indicate a noticeable decrease. The growth pace was the most rapid in 2013 with an increase of 22% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The Czech Republic (X tons), Germany (X tons) and Turkey (X tons) were the main suppliers of sewing thread imports to Austria, with a combined 78% share of total imports. Thailand, Hungary and China lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +89.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of sewing thread of man-made filaments or staple fibers to Austria, comprising 49% of total imports. The second position in the ranking was taken by Turkey ($X), with a 16% share of total imports. It was followed by the Czech Republic, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled -3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-3.2% per year) and the Czech Republic (+4.9% per year).

Import Prices by Country

The average sewing thread import price stood at $X per ton in 2022, declining by -17.6% against the previous year. Over the period under review, the import price showed a mild contraction. The pace of growth appeared the most rapid in 2021 when the average import price increased by 35% against the previous year. As a result, import price attained the peak level of $X per ton, and then fell sharply in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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