Cameroon: Sewing Thread Market 2024

Sewing Thread Market Size in Cameroon

The Cameroonian sewing thread market rose rapidly to $X in 2022, increasing by 9.3% 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). In general, consumption enjoyed a remarkable increase. Sewing thread consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Sewing Thread Exports

Exports from Cameroon

In 2022, after two years of decline, there was significant growth in shipments abroad of sewing thread of man-made filaments or staple fibers, when their volume increased by 124% to X kg. Over the period under review, exports showed a strong increase. The pace of growth appeared the most rapid in 2013 with an increase of 15,954%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, sewing thread exports soared to $X in 2022. Overall, exports showed a prominent expansion. The growth pace was the most rapid in 2013 with an increase of 7,657%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Bangladesh (X kg), Congo (X kg) and Sao Tome and Principe (X kg) were the main destinations of sewing thread exports from Cameroon, together comprising 99% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sao Tome and Principe (with a CAGR of +107.0%), while the other leaders experienced more modest paces of growth.

In value terms, Bangladesh ($X) remains the key foreign market for sewing thread of man-made filaments or staple fibers exports from Cameroon, comprising 71% of total exports. The second position in the ranking was taken by Sao Tome and Principe ($X), with a 19% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Bangladesh amounted to +3.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sao Tome and Principe (+19.9% per year) and Congo (+23.8% per year).

Export Prices by Country

The average sewing thread export price stood at $X per ton in 2022, rising by 6.4% against the previous year. In general, the export price, however, saw a abrupt decline. The pace of growth appeared the most rapid in 2014 when the average export price increased by 128%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Sao Tome and Principe ($X per ton), while the average price for exports to Congo ($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 Congo (-5.0%), while the prices for the other major destinations experienced a decline.

Sewing Thread Imports

Imports into Cameroon

In 2022, imports of sewing thread of man-made filaments or staple fibers into Cameroon soared to X tons, picking up by 17% against 2021. In general, imports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2015 when imports increased by 77%. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, sewing thread imports reached $X in 2022. Over the period under review, imports saw a strong expansion. The most prominent rate of growth was recorded in 2015 with an increase of 75% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of sewing thread to Cameroon, with a 84% share of total imports. Moreover, sewing thread imports from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X tons), more than tenfold. Nigeria (X tons) ranked third in terms of total imports with a 2% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+28.9% per year) and Nigeria (+23.4% per year).

In value terms, China ($X) constituted the largest supplier of sewing thread of man-made filaments or staple fibers to Cameroon, comprising 89% of total imports. The second position in the ranking was held by France ($X), with a 2.2% share of total imports. It was followed by Italy, with a 1.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +11.4%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-0.8% per year) and Italy (+15.5% per year).

Import Prices by Country

The average sewing thread import price stood at $X per ton in 2022, which is down by -6.8% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 16% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2021, and then contracted in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform