Iceland: Sewing Thread Market 2020

Sewing Thread Market Size in Iceland

The revenue of the sewing thread market in Iceland amounted to $X in 2018, picking up by X% 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, sewing thread consumption, however, continues to indicate a deep shrinkage. The pace of growth was the most pronounced in 2009 with an increase of X% y-o-y. In that year, the sewing thread market reached its peak level of $X. From 2010 to 2018, the growth of the sewing thread market failed to regain its momentum.

Sewing Thread Exports

Exports from Iceland

In 2018, approx. X kg of sewing thread of man-made filaments or staple fibers were exported from Iceland; going up by X% against the previous year. Over the period under review, sewing thread exports, however, continue to indicate a deep decline. The pace of growth appeared the most rapid in 2018 with an increase of X% y-o-y. Over the period under review, sewing thread exports reached their maximum at X kg in 2007; however, from 2008 to 2018, exports remained at a lower figure.

In value terms, sewing thread exports stood at $X in 2018. In general, sewing thread exports, however, continue to indicate strong growth. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. In that year, sewing thread exports reached their peak and are likely to continue its growth in the immediate term.

Exports by Country

China dominates sewing thread exports structure, resulting at X tons, which was near X% of total exports in 2018. China, Hong Kong SAR (X tons), the U.S. (X tons), Egypt (X tons), Germany (X tons), South Korea (X tons), Turkey (X tons), Indonesia (X tons), Romania (X tons) and Italy (X tons) followed a long way behind the leaders.

Exports from China decreased at an average annual rate of -X% from 2007 to 2018. At the same time, Egypt (+X%) and Romania (+X%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Turkey and Italy experienced a relatively flat trend pattern. By contrast, the U.S. (-X%), Indonesia (-X%), China, Hong Kong SAR (-X%), South Korea (-X%) and Germany (-X%) illustrated a downward trend over the same period. Egypt (+X p.p.) significantly strengthened its position in terms of the global exports, while South Korea, China, Hong Kong SAR, Germany and China saw its share reduced by -X%, -X%, -X% and -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest sewing thread supplier from Iceland, comprising X% of global exports. The second position in the ranking was occupied by Germany ($X), with a X% share of global exports. It was followed by the U.S., with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in China amounted to +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (-X% per year) and the U.S. (+X% per year).

Export Prices by Country

In 2018, the sewing thread export price in Iceland amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the sewing thread export price continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2011 when the export price increased by X% year-to-year. Over the period under review, the export prices for sewing thread of man-made filaments or staple fibers attained their maximum in 2018 and is expected to retain its growth in the immediate term.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Germany, while the other leaders experienced more modest paces of growth.

Sewing Thread Imports

Imports into Iceland

In 2018, the amount of sewing thread of man-made filaments or staple fibers imported into Iceland totaled X tons, surging by X% against the previous year. Overall, sewing thread imports, however, continue to indicate an abrupt slump. The pace of growth was the most pronounced in 2009 with an increase of X% against the previous year. In that year, sewing thread imports attained their peak of X tons. From 2010 to 2018, the growth of sewing thread imports remained at a lower figure.

In value terms, sewing thread imports totaled $X in 2018. Over the period under review, sewing thread imports, however, continue to indicate a temperate curtailment. The growth pace was the most rapid in 2009 when imports increased by X% y-o-y. In that year, sewing thread imports attained their peak of $X. From 2010 to 2018, the growth of sewing thread imports remained at a lower figure.

Imports by Country

Romania (X tons), Vietnam (X tons), Turkey (X tons), Bangladesh (X tons), Mexico (X tons), China, Hong Kong SAR (X tons), Indonesia (X tons), Russia (X tons), the Czech Republic (X tons), Nigeria (X tons), Germany (X tons) and South Korea (X tons) represented roughly X% of total imports of sewing thread of man-made filaments or staple fibers in 2018.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Nigeria, while the other leaders experienced more modest paces of growth.

In value terms, the largest sewing thread importing markets into Iceland were Mexico ($X), Vietnam ($X) and China, Hong Kong SAR ($X), together comprising X% of total imports. Germany, Turkey, Romania, Bangladesh, Indonesia, the Czech Republic, Russia, Nigeria, South Korea and Iceland lagged somewhat behind, together comprising a further X the main importing countries, Nigeria recorded the highest growth rate of imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The sewing thread import price in Iceland stood at $X per ton in 2018, dropping by -X% against the previous year. Overall, the sewing thread import price, however, continues to indicate a strong increase. The pace of growth appeared the most rapid in 2008 when the import price increased by X% year-to-year. Over the period under review, the import prices for sewing thread of man-made filaments or staple fibers attained their maximum at $X per ton in 2015; however, from 2016 to 2018, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Germany ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, Hong Kong SAR, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform