China: Cotton Sewing Thread Market 2024

Cotton Sewing Thread Market Size in China

The Chinese cotton sewing thread market contracted to $X in 2021, falling by -6.5% against the previous year. Over the period under review, the total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +4.3% against 2019 indices. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Cotton Sewing Thread Production in China

In value terms, cotton sewing thread production dropped to $X in 2021 estimated in export price. In general, the total production indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +7.6% against 2019 indices. The pace of growth appeared the most rapid in 2015 when the production volume increased by 24%. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Cotton Sewing Thread Exports

Exports from China

In 2021, shipments abroad of cotton sewing thread increased by 13% to X tons, rising for the fourth year in a row after four years of decline. In general, exports, however, saw a noticeable setback. The most prominent rate of growth was recorded in 2018 with an increase of 19%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, cotton sewing thread exports surged to $X in 2021. Overall, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by 28%. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Myanmar (X tons), the United Arab Emirates (X tons) and Vietnam (X tons) were the main destinations of cotton sewing thread exports from China, with a combined 30% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +30.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cotton sewing thread exported from China were Vietnam ($X), the United States ($X) and Myanmar ($X), together accounting for 26% of total exports.

Among the main countries of destination, Vietnam, with a CAGR of +34.5%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average cotton sewing thread export price stood at $X per ton in 2021, surging by 2.3% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.6%. The pace of growth appeared the most rapid in 2020 an increase of 14%. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the United Arab Emirates ($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 India (+14.0%), while the prices for the other major destinations experienced more modest paces of growth.

Cotton Sewing Thread Imports

Imports into China

In 2021, overseas purchases of cotton sewing thread were finally on the rise to reach X tons after five years of decline. In general, imports, however, faced a abrupt shrinkage. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, cotton sewing thread imports rose rapidly to $X in 2021. Overall, imports, however, continue to indicate a abrupt decrease. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, South Korea (X tons) constituted the largest supplier of cotton sewing thread to China, with a 47% share of total imports. Moreover, cotton sewing thread imports from South Korea exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), twofold. The third position in this ranking was held by India (X tons), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from South Korea totaled -2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+231.0% per year) and India (-28.9% per year).

In value terms, the largest cotton sewing thread suppliers to China were South Korea ($X), India ($X) and Japan ($X), together accounting for 72% of total imports. These countries were followed by the United States, Taiwan (Chinese), the United Arab Emirates, Bangladesh and Germany, which together accounted for a further 18%.

In terms of the main suppliers, the United Arab Emirates, with a CAGR of +188.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average cotton sewing thread import price amounted to $X per ton, dropping by -15.8% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 57%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

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 Germany ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :