Finland: Sewing Thread Market 2025

Sewing Thread Market Size in Finland

The Finnish sewing thread market soared to $X in 2022, increasing by 1,665% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, faced a abrupt slump. Sewing thread consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Sewing Thread Exports

Exports from Finland

In 2022, approx. X tons of sewing thread of man-made filaments or staple fibers were exported from Finland; with a decrease of -69.3% against 2021. Overall, exports, however, posted a mild expansion. The pace of growth was the most pronounced in 2021 with an increase of 429% against the previous year. As a result, the exports reached the peak of X tons, and then contracted notably in the following year.

In value terms, sewing thread exports stood at $X in 2022. In general, total exports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +23.3% against 2020 indices. The most prominent rate of growth was recorded in 2016 when exports increased by 81%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Vietnam (X tons), Poland (X tons) and Russia (X tons) were the main destinations of sewing thread exports from Finland, together accounting for 61% of total exports. China, Estonia, Ukraine, Denmark, Norway and Latvia lagged somewhat behind, together comprising a further 35%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Denmark (with a CAGR of +108.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sewing thread exported from Finland were Norway ($X), Vietnam ($X) and China ($X), with a combined 47% share of total exports. Poland, Denmark, Russia, Estonia, Latvia and Ukraine lagged somewhat behind, together comprising a further 43%.

Among the main countries of destination, Denmark, with a CAGR of +116.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average sewing thread export price stood at $X per ton in 2022, increasing by 227% against the previous year. Over the period under review, the export price saw a slight expansion. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

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 Norway ($X per ton), while the average price for exports to Vietnam ($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 China (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.

Sewing Thread Imports

Imports into Finland

In 2022, imports of sewing thread of man-made filaments or staple fibers into Finland stood at X tons, picking up by 5% on 2021 figures. Overall, imports, however, recorded a abrupt decline. The growth pace was the most rapid in 2020 with an increase of 13% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, sewing thread imports stood at $X in 2022. Over the period under review, imports, however, continue to indicate a deep slump. The most prominent rate of growth was recorded in 2016 when imports increased by 25%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

China (X tons), Germany (X tons) and India (X tons) were the main suppliers of sewing thread imports to Finland, with a combined 64% share of total imports. Estonia, Sweden, Hungary, Belgium, Turkey, Poland and the Netherlands lagged somewhat behind, together comprising a further 30%.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of +25.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest sewing thread suppliers to Finland were China ($X), Germany ($X) and Estonia ($X), with a combined 65% share of total imports.

In terms of the main suppliers, Estonia, with a CAGR of +23.2%, 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 more modest paces of growth.

Import Prices by Country

The average sewing thread import price stood at $X per ton in 2022, surging by 5.3% against the previous year. Over the period under review, the import price, however, recorded a slight contraction. The pace of growth appeared the most rapid in 2019 an increase of 15% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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