Croatia: Sewing Thread Market 2024

Sewing Thread Market Size in Croatia

The Croatian sewing thread market was finally on the rise to reach $X in 2022, after two years of decline. Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Sewing Thread Exports

Exports from Croatia

In 2022, shipments abroad of sewing thread of man-made filaments or staple fibers decreased by -15.6% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, showed strong growth. The pace of growth appeared the most rapid in 2013 with an increase of 118% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, sewing thread exports reduced dramatically to $X in 2022. Overall, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 98% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then reduced sharply in the following year.

Exports by Country

Bosnia and Herzegovina (X tons) was the main destination for sewing thread exports from Croatia, accounting for a 71% share of total exports. Moreover, sewing thread exports to Bosnia and Herzegovina exceeded the volume sent to the second major destination, Serbia (X tons), fourfold. Italy (X tons) ranked third in terms of total exports with a 5.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bosnia and Herzegovina totaled +19.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+10.3% per year) and Italy (+14.9% per year).

In value terms, Bosnia and Herzegovina ($X) remains the key foreign market for sewing thread of man-made filaments or staple fibers exports from Croatia, comprising 75% of total exports. The second position in the ranking was held by Serbia ($X), with a 15% share of total exports. It was followed by Italy, with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Bosnia and Herzegovina totaled +29.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+12.5% per year) and Italy (+20.7% per year).

Export Prices by Country

The average sewing thread export price stood at $X per ton in 2022, declining by -7.7% against the previous year. In general, export price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sewing thread export price increased by +42.0% against 2018 indices. The pace of growth was the most pronounced in 2014 when the average export price increased by 63%. The export price peaked at $X per ton in 2021, and then contracted in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Estonia ($X per ton), while the average price for exports to Germany ($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 Greece (+38.2%), while the prices for the other major destinations experienced more modest paces of growth.

Sewing Thread Imports

Imports into Croatia

In 2022, approx. X tons of sewing thread of man-made filaments or staple fibers were imported into Croatia; standing approx. at the previous year's figure. Overall, imports recorded a mild contraction. The most prominent rate of growth was recorded in 2016 when imports increased by 18% against the previous year. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, sewing thread imports expanded remarkably to $X in 2022. The total import value increased at an average annual rate of +1.7% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by 17% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest sewing thread supplier to Croatia, accounting for a 48% share of total imports. Moreover, sewing thread imports from Germany exceeded the figures recorded by the second-largest supplier, Austria (X tons), fourfold. China (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled +20.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+11.4% per year) and China (-13.4% per year).

In value terms, Germany ($X) constituted the largest supplier of sewing thread of man-made filaments or staple fibers to Croatia, comprising 66% of total imports. The second position in the ranking was taken by Austria ($X), with an 8.5% share of total imports. It was followed by Italy, with a 6.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at +20.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+8.9% per year) and Italy (-6.3% per year).

Import Prices by Country

The average sewing thread import price stood at $X per ton in 2022, picking up by 8.7% against the previous year. Over the last decade, it increased at an average annual rate of +3.0%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 28%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see steady growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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