Chile: Sewing Thread Market 2024

Sewing Thread Market Size in Chile

In 2022, the Chilean sewing thread market decreased by -22.7% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then declined notably in the following year.

Sewing Thread Production in Chile

In value terms, sewing thread production declined to $X in 2022 estimated in export price. In general, production saw a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 8.3% against the previous year. Sewing thread production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Sewing Thread Exports

Exports from Chile

In 2022, overseas shipments of sewing thread of man-made filaments or staple fibers increased by 148% to X tons, rising for the fourth consecutive year after two years of decline. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2019 with an increase of 339% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, sewing thread exports surged to $X in 2022. Overall, exports continue to indicate strong growth. The pace of growth appeared the most rapid in 2016 with an increase of 320% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

Bolivia (X tons) was the main destination for sewing thread exports from Chile, with a 98% share of total exports. It was followed by Paraguay (X tons), with a 0.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bolivia amounted to +26.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (-10.4% per year) and Peru (+9.2% per year).

In value terms, Bolivia ($X) remains the key foreign market for sewing thread of man-made filaments or staple fibers exports from Chile, comprising 94% of total exports. The second position in the ranking was held by Paraguay ($X), with a 3.5% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Bolivia stood at +13.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (-8.4% per year) and Peru (+11.2% per year).

Export Prices by Country

In 2022, the average sewing thread export price amounted to $X per ton, shrinking by -25.3% against the previous year. Over the period under review, the export price continues to indicate a abrupt slump. The pace of growth was the most pronounced in 2018 an increase of 80% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

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 Paraguay ($X per ton), while the average price for exports to Bolivia ($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 Paraguay (+2.2%), while the prices for the other major destinations experienced mixed trend patterns.

Sewing Thread Imports

Imports into Chile

In 2022, after three years of growth, there was significant decline in purchases abroad of sewing thread of man-made filaments or staple fibers, when their volume decreased by -20.3% to X tons. Over the period under review, imports, however, saw a noticeable increase. The most prominent rate of growth was recorded in 2020 with an increase of 62%. Over the period under review, imports reached the peak figure at X tons in 2021, and then declined dramatically in the following year.

In value terms, sewing thread imports contracted sharply to $X in 2022. In general, imports showed a perceptible downturn. The pace of growth appeared the most rapid in 2021 with an increase of 69%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of sewing thread to Chile, with a 79% share of total imports. Moreover, sewing thread imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), sevenfold. Brazil (X tons) ranked third in terms of total imports with a 3.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+65.9% per year) and Brazil (-13.2% per year).

In value terms, China ($X) constituted the largest supplier of sewing thread of man-made filaments or staple fibers to Chile, comprising 56% of total imports. The second position in the ranking was taken by Brazil ($X), with a 16% share of total imports. It was followed by India, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-10.5% per year) and India (+46.8% per year).

Import Prices by Country

In 2022, the average sewing thread import price amounted to $X per ton, standing approx. at the previous year. Overall, the import price, however, recorded a abrupt decrease. The growth pace was the most rapid in 2021 an increase of 13%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :