CIS: Cotton Sewing Thread Market 2024

Cotton Sewing Thread Market Size in CIS

In 2021, the CIS cotton sewing thread market was finally on the rise to reach $X after three years of decline. In general, consumption, however, continues to indicate a perceptible descent. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Cotton Sewing Thread Production in CIS

In value terms, cotton sewing thread production soared to $X in 2021 estimated in export price. Overall, production, however, showed a perceptible shrinkage. The pace of growth was the most pronounced in 2013 when the production volume increased by 70% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Cotton Sewing Thread Exports

Exports in CIS

In 2021, approx. X tons of cotton sewing thread were exported in the CIS; which is down by -37.5% compared with the year before. In general, exports, however, recorded a strong increase. The growth pace was the most rapid in 2017 when exports increased by 123% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, cotton sewing thread exports dropped to $X in 2021. Over the period under review, exports saw a perceptible downturn. The most prominent rate of growth was recorded in 2018 when exports increased by 57% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The shipments of the four major exporters of cotton sewing thread, namely Armenia, Russia, Belarus and Uzbekistan, represented more than two-thirds of total export.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Armenia (with a CAGR of +67.5%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) remains the largest cotton sewing thread supplier in the CIS, comprising 62% of total exports. The second position in the ranking was held by Belarus ($X), with a 22% share of total exports. It was followed by Armenia, with a 9.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Russia totaled -5.0%. In the other countries, the average annual rates were as follows: Belarus (-4.8% per year) and Armenia (+48.5% per year).

Export Prices by Country

The export price in the CIS stood at $X per ton in 2021, surging by 36% against the previous year. Overall, the export price, however, recorded a deep slump. The pace of growth was the most pronounced in 2019 an increase of 99%. Over the period under review, the export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Russia ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+2.8%), while the other leaders experienced a decline in the export price figures.

Cotton Sewing Thread Imports

Imports in CIS

After five years of growth, purchases abroad of cotton sewing thread decreased by -35.2% to X tons in 2021. Overall, imports recorded a perceptible descent. The pace of growth appeared the most rapid in 2017 with an increase of 44% against the previous year. The volume of import 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 declined to $X in 2021. Over the period under review, imports continue to indicate a abrupt descent. The growth pace was the most rapid in 2017 with an increase of 26% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Kazakhstan (X tons), distantly followed by Kyrgyzstan (X tons), Armenia (X tons), Russia (X tons), Tajikistan (X tons) and Azerbaijan (X tons) were the main importers of cotton sewing thread, together generating 91% of total imports. Belarus (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Kyrgyzstan (with a CAGR of +15.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cotton sewing thread importing markets in the CIS were Kazakhstan ($X), Russia ($X) and Kyrgyzstan ($X), together accounting for 59% of total imports.

Among the main importing countries, Kyrgyzstan, with a CAGR of +17.8%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the CIS stood at $X per ton in 2021, increasing by 42% against the previous year. In general, the import price, however, continues to indicate a noticeable descent. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Tajikistan ($X per ton), while Armenia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Azerbaijan (+12.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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