Bangladesh: Cotton Sewing Thread Market 2025

Cotton Sewing Thread Market Size in Bangladesh

The Bangladeshi cotton sewing thread market soared to $X in 2021, jumping by 44% 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). Over the period under review, consumption, however, showed a abrupt slump. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Cotton Sewing Thread Exports

Exports from Bangladesh

After three years of decline, overseas shipments of cotton sewing thread increased by 132% to X tons in 2021. Over the period under review, exports enjoyed a remarkable increase. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, cotton sewing thread exports soared to $X in 2021. Overall, exports recorded a strong expansion. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Cambodia (X tons), China (X tons) and Brunei Darussalam (X kg) were the main destinations of cotton sewing thread exports from Bangladesh, with a combined 66% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +102.7%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Cambodia ($X) and Vietnam ($X) were the largest markets for cotton sewing thread exported from Bangladesh worldwide, together comprising 69% of total exports. These countries were followed by Hong Kong SAR, Brunei Darussalam, Denmark, Maldives and the United Arab Emirates, which together accounted for a further 12%.

Hong Kong SAR, with a CAGR of +53.9%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average cotton sewing thread export price amounted to $X per ton, with an increase of 23% against the previous year. In general, the export price, however, recorded a slight contraction. The most prominent rate of growth was recorded in 2018 when the average export price increased by 66% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+186.2%), while the prices for the other major destinations experienced more modest paces of growth.

Cotton Sewing Thread Imports

Imports into Bangladesh

In 2021, the amount of cotton sewing thread imported into Bangladesh totaled X tons, increasing by 11% on the previous year's figure. Overall, imports, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 45% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, cotton sewing thread imports soared to $X in 2021. Over the period under review, imports, however, showed a deep reduction. The growth pace was the most rapid in 2015 when imports increased by 93%. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, India (X tons) constituted the largest supplier of cotton sewing thread to Bangladesh, with a 49% share of total imports. Moreover, cotton sewing thread imports from India exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), threefold. The third position in this ranking was taken by Hong Kong SAR (X tons), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from India amounted to -18.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+5.2% per year) and Hong Kong SAR (-12.3% per year).

In value terms, India ($X), Hong Kong SAR ($X) and Taiwan (Chinese) ($X) were the largest cotton sewing thread suppliers to Bangladesh, with a combined 84% share of total imports.

Among the main suppliers, Taiwan (Chinese), with a CAGR of +1.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average cotton sewing thread import price stood at $X per ton in 2021, picking up by 42% against the previous year. In general, import price indicated buoyant growth from 2012 to 2021: its price increased at an average annual rate of +7.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, cotton sewing thread import price increased by +53.5% against 2017 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while the price for Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+15.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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