Eastern Europe: Cotton Sewing Thread Market 2024

Cotton Sewing Thread Market Size in Eastern Europe

In 2021, after three years of decline, there was significant growth in the East European cotton sewing thread market, when its value increased by 12% to $X. In general, consumption, however, saw a perceptible reduction. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Cotton Sewing Thread Production in Eastern Europe

In value terms, cotton sewing thread production soared to $X in 2021 estimated in export price. In general, production, however, saw a noticeable slump. The growth pace was the most rapid in 2013 when the production volume increased by 68% 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 Eastern Europe

In 2021, overseas shipments of cotton sewing thread decreased by -14.8% to X tons, falling for the second year in a row after two years of growth. Overall, exports saw a deep setback. The most prominent rate of growth was recorded in 2018 with an increase of 42%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, cotton sewing thread exports dropped to $X in 2021. In general, exports continue to indicate a drastic downturn. The growth pace was the most rapid in 2018 with an increase of 24% 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 remained at a lower figure.

Exports by Country

In 2021, Romania (X tons), distantly followed by the Czech Republic (X tons), Hungary (X tons), Poland (X tons), Russia (X tons) and Belarus (X tons) represented the main exporters of cotton sewing thread, together committing 94% of total exports. Bulgaria (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Belarus (with a CAGR of +8.0%), while the other leaders experienced a decline in the exports figures.

In value terms, Hungary ($X), Romania ($X) and the Czech Republic ($X) constituted the countries with the highest levels of exports in 2021, together accounting for 81% of total exports. Poland, Russia, Belarus and Bulgaria lagged somewhat behind, together comprising a further 17%.

Among the main exporting countries, Poland, with a CAGR of +2.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2021, growing by 8.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2014 an increase of 40% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Hungary ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+3.7%), while the other leaders experienced more modest paces of growth.

Cotton Sewing Thread Imports

Imports in Eastern Europe

In 2021, approx. X tons of cotton sewing thread were imported in Eastern Europe; which is down by -5.1% against 2020. Overall, imports showed a abrupt curtailment. The growth pace was the most rapid in 2014 when imports increased by 17% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, cotton sewing thread imports amounted to $X in 2021. Over the period under review, imports showed a abrupt decline. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

The countries with the highest levels of cotton sewing thread imports in 2021 were Hungary (X tons), Romania (X tons), the Czech Republic (X tons) and Russia (X tons), together reaching 67% of total import. Poland (X tons) held the next position in the ranking, followed by Bulgaria (X tons) and Ukraine (X tons). All these countries together held approx. 22% share of total imports.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +2.9%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Romania ($X), Hungary ($X) and Poland ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 64% share of total imports.

Among the main importing countries, Hungary, with a CAGR of -0.3%, saw the highest growth rate of 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 Europe stood at $X per ton in 2021, rising by 14% against the previous year. In general, the import price saw a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+4.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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