Costa Rica: Sewing Thread Market 2025

Sewing Thread Market Size in Costa Rica

In 2022, the Costa Rican sewing thread market decreased by -6.7% to $X, falling for the fourth year in a row after two years of growth. In general, consumption recorded a noticeable descent. Sewing thread consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Sewing Thread Production in Costa Rica

In value terms, sewing thread production soared to $X in 2022 estimated in export price. In general, production, however, saw noticeable growth. Sewing thread production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Sewing Thread Exports

Exports from Costa Rica

In 2022, overseas shipments of sewing thread of man-made filaments or staple fibers decreased by -9% to X tons for the first time since 2017, thus ending a four-year rising trend. Over the period under review, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 419% against the previous year. The exports peaked at X tons in 2021, and then fell in the following year.

In value terms, sewing thread exports declined to $X in 2022. In general, exports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of 183%. The exports peaked at $X in 2021, and then shrank in the following year.

Exports by Country

Honduras (X tons), El Salvador (X tons) and Nicaragua (X tons) were the main destinations of sewing thread exports from Costa Rica, together accounting for 91% of total exports. Colombia, Mexico and Peru lagged somewhat behind, together accounting for a further 7.3%.

From 2012 to 2022, the biggest increases were recorded for Peru (with a CAGR of +72.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Nicaragua ($X), Honduras ($X) and El Salvador ($X) appeared to be the largest markets for sewing thread exported from Costa Rica worldwide, with a combined 93% share of total exports. Colombia, Mexico and Peru lagged somewhat behind, together comprising a further 4.7%.

Mexico, with a CAGR of +85.8%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average sewing thread export price amounted to $X per ton, falling by -3.3% against the previous year. In general, the export price showed a pronounced slump. The pace of growth appeared the most rapid in 2018 when the average export price increased by 51% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nicaragua ($X per ton), while the average price for exports to Peru ($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 Mexico (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.

Sewing Thread Imports

Imports into Costa Rica

In 2022, overseas purchases of sewing thread of man-made filaments or staple fibers were finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports saw mild growth. The pace of growth appeared the most rapid in 2013 with an increase of 243% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, sewing thread imports skyrocketed to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 278% against the previous year. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), the United States (X tons) and Nicaragua (X tons) were the main suppliers of sewing thread imports to Costa Rica, with a combined 53% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Nicaragua (with a CAGR of +14.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of sewing thread of man-made filaments or staple fibers to Costa Rica, comprising 43% of total imports. The second position in the ranking was taken by China ($X), with a 19% share of total imports. It was followed by Brazil, with a 7.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at -4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+2.7% per year) and Brazil (+12.8% per year).

Import Prices by Country

In 2022, the average sewing thread import price amounted to $X per ton, falling by -2.2% against the previous year. Overall, the import price recorded a perceptible decline. The growth pace was the most rapid in 2018 when the average import price increased by 16%. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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 Brazil ($X per ton), while the price for Nicaragua ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform