Eastern Asia: Sewing Thread Market 2025

Sewing Thread Market Size in Eastern Asia

The East Asian sewing thread market contracted slightly to $X in 2022, reducing by -4.4% against the previous year. In general, consumption showed a slight contraction. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Sewing Thread Production in Eastern Asia

In value terms, sewing thread production declined slightly to $X in 2022 estimated in export price. Overall, production recorded a mild contraction. The pace of growth was the most pronounced in 2021 when the production volume increased by 4.5% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Sewing Thread Exports

Exports in Eastern Asia

Sewing thread exports dropped slightly to X tons in 2022, flattening at 2021. Overall, exports saw a slight descent. The most prominent rate of growth was recorded in 2021 with an increase of 17% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, sewing thread exports totaled $X in 2022. Over the period under review, exports showed a slight slump. The most prominent rate of growth was recorded in 2021 with an increase of 25%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China dominates exports structure, resulting at X tons, which was near 94% of total exports in 2022. The following exporters - Hong Kong SAR (X tons) and South Korea (X tons) - together made up 4.2% of total exports.

China was also the fastest-growing in terms of the sewing thread of man-made filaments or staple fibers exports, with a CAGR of -1.3% from 2012 to 2022. Hong Kong SAR (-9.3%) and South Korea (-10.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by +5.9 percentage points.

In value terms, China ($X) remains the largest sewing thread supplier in Eastern Asia, comprising 86% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a 6.5% share of total exports.

In China, sewing thread exports remained relatively stable over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Hong Kong SAR (-4.7% per year) and South Korea (-10.2% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, rising by 2.7% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the export price increased by 13% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+5.1%), while the other leaders experienced more modest paces of growth.

Sewing Thread Imports

Imports in Eastern Asia

In 2022, imports of sewing thread of man-made filaments or staple fibers in Eastern Asia contracted remarkably to X tons, falling by -21.3% on the previous year's figure. Over the period under review, imports faced a abrupt descent. The growth pace was the most rapid in 2021 when imports increased by 13%. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, sewing thread imports reduced dramatically to $X in 2022. Overall, imports saw a deep setback. The pace of growth appeared the most rapid in 2021 when imports increased by 20% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Hong Kong SAR represented the largest importer of sewing thread of man-made filaments or staple fibers in Eastern Asia, with the volume of imports recording X tons, which was near 47% of total imports in 2022. China (X tons) took a 19% share (based on physical terms) of total imports, which put it in second place, followed by Japan (14%), South Korea (9.5%) and Taiwan (Chinese) (6.7%). Democratic People's Republic of Korea (X tons) took a relatively small share of total imports.

Imports into Hong Kong SAR decreased at an average annual rate of -8.0% from 2012 to 2022. Japan (-3.9%), Democratic People's Republic of Korea (-6.4%), China (-13.3%), South Korea (-13.5%) and Taiwan (Chinese) (-15.3%) illustrated a downward trend over the same period. Hong Kong SAR (+9.9 p.p.) and Japan (+6.6 p.p.) significantly strengthened its position in terms of the total imports, while South Korea, Taiwan (Chinese) and China saw its share reduced by -4.5%, -5.5% and -8.2% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest sewing thread importing markets in Eastern Asia were Hong Kong SAR ($X), China ($X) and Japan ($X), together accounting for 86% of total imports.

In terms of the main importing countries, Japan, with a CAGR of -4.5%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, increasing by 5.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.9%. The most prominent rate of growth was recorded in 2016 when the import price increased by 16%. The level of import peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while Democratic People's Republic of Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+6.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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