Brazil: Cotton Sewing Thread Market 2024

Cotton Sewing Thread Market Size in Brazil

The Brazilian cotton sewing thread market declined modestly to $X in 2021, leveling off at the previous year. In general, consumption continues to indicate buoyant growth. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Cotton Sewing Thread Production in Brazil

In value terms, cotton sewing thread production declined modestly to $X in 2021 estimated in export price. Overall, production showed a prominent increase. The growth pace was the most rapid in 2014 when the production volume increased by 148%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Cotton Sewing Thread Exports

Exports from Brazil

In 2021, exports of cotton sewing thread from Brazil soared to X tons, increasing by 153% on the year before. Overall, exports, however, recorded a pronounced reduction. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, cotton sewing thread exports soared to $X in 2021. Over the period under review, exports, however, recorded a abrupt decline. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Chile (X tons) was the main destination for cotton sewing thread exports from Brazil, accounting for a 69% share of total exports. Moreover, cotton sewing thread exports to Chile exceeded the volume sent to the second major destination, Argentina (X tons), fourfold. The third position in this ranking was taken by Paraguay (X tons), with a 9.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Chile amounted to +3.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (-9.9% per year) and Paraguay (+22.8% per year).

In value terms, Chile ($X) remains the key foreign market for cotton sewing thread exports from Brazil, comprising 65% of total exports. The second position in the ranking was held by Argentina ($X), with a 27% share of total exports. It was followed by Paraguay, with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Chile amounted to -4.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (-12.7% per year) and Paraguay (+6.1% per year).

Export Prices by Country

In 2021, the average cotton sewing thread export price amounted to $X per ton, falling by -28.5% against the previous year. Overall, the export price recorded a abrupt slump. The pace of growth was the most pronounced in 2020 when the average export price increased by 12% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Argentina ($X per ton), while the average price for exports to Paraguay ($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 Colombia (+1.8%), while the prices for the other major destinations experienced a decline.

Cotton Sewing Thread Imports

Imports into Brazil

In 2021, the amount of cotton sewing thread imported into Brazil declined to X tons, which is down by -5.4% on 2020 figures. Over the period under review, imports recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2020 when imports increased by 29%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, cotton sewing thread imports soared to $X in 2021. Overall, imports continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2020 with an increase of 31% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, India (X tons) was the main cotton sewing thread supplier to Brazil, accounting for a 90% share of total imports. Moreover, cotton sewing thread imports from India exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from India stood at -7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+78.6% per year) and China (-11.8% per year).

In value terms, India ($X) constituted the largest supplier of cotton sewing thread to Brazil, comprising 93% of total imports. The second position in the ranking was held by China ($X), with a 3.6% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from India totaled -8.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-3.5% per year) and Taiwan (Chinese) (+92.0% per year).

Import Prices by Country

The average cotton sewing thread import price stood at $X per ton in 2021, with an increase of 23% against the previous year. Over the period under review, the import price, however, showed a mild contraction. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+9.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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