Report Update Nov 1, 2024

Myanmar - Sewing Thread of Man-Made Filaments or Staple Fibers - Market Analysis, Forecast, Size, Trends and Insights

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Myanmar: Sewing Thread Market 2024

Sewing Thread Market Size in Myanmar

In 2022, the Myanmar's sewing thread market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption, however, showed a abrupt contraction. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Sewing Thread Exports

Exports from Myanmar

In 2022, after two years of growth, there was significant decline in shipments abroad of sewing thread of man-made filaments or staple fibers, when their volume decreased by -82.5% to X kg. Over the period under review, exports saw a sharp descent. The pace of growth was the most pronounced in 2018 when exports increased by 409% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, sewing thread exports shrank rapidly to $X in 2022. Overall, exports continue to indicate a dramatic decline. The pace of growth appeared the most rapid in 2018 with an increase of 414% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Indonesia (X kg) was the main destination for sewing thread exports from Myanmar, accounting for a 85% share of total exports. Moreover, sewing thread exports to Indonesia exceeded the volume sent to the second major destination, Cambodia (X kg), eightfold. Vietnam (X kg) ranked third in terms of total exports with a 2.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Indonesia totaled -31.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cambodia (+26.0% per year) and Vietnam (-39.5% per year).

In value terms, Cambodia ($X), Indonesia ($X) and Vietnam ($X) were the largest markets for sewing thread exported from Myanmar worldwide, with a combined 99% share of total exports.

Vietnam, with a CAGR of -39.4%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average sewing thread export price amounted to $X per ton, with a decrease of -24.6% against the previous year. Over the period under review, the export price showed a perceptible descent. The most prominent rate of growth was recorded in 2019 an increase of 300%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cambodia ($X per ton), while the average price for exports to Thailand ($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 Vietnam (+0.2%), while the prices for the other major destinations experienced a decline.

Sewing Thread Imports

Imports into Myanmar

In 2022, sewing thread imports into Myanmar soared to X tons, increasing by 76% against 2021. Overall, imports showed significant growth. The pace of growth was the most pronounced in 2015 with an increase of 168%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, sewing thread imports soared to $X in 2022. In general, imports showed strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of sewing thread to Myanmar, with a 84% share of total imports. Moreover, sewing thread imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), eightfold. Vietnam (X tons) ranked third in terms of total imports with a 2.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +41.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+63.0% per year) and Vietnam (+37.1% per year).

In value terms, China ($X) constituted the largest supplier of sewing thread of man-made filaments or staple fibers to Myanmar, comprising 66% of total imports. The second position in the ranking was held by Thailand ($X), with an 18% share of total imports. It was followed by Vietnam, with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +13.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+44.6% per year) and Vietnam (+30.1% per year).

Import Prices by Country

In 2022, the average sewing thread import price amounted to $X per ton, growing by 7.9% against the previous year. Over the period under review, the import price, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2017 when the average import price increased by 9% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (-5.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sewing thread of man-made filaments or staple fibers in the world?

The countries with the highest volumes of in 2021 were China, Russia and the United States, together comprising 46% of global consumption. These countries were followed by India, Brazil, Germany, Indonesia, Turkey, Vietnam, Mexico, Japan and South Korea, which together accounted for a further 23%.

What are the largest producers of sewing thread of man-made filaments or staple fibers in the world?

China remains the largest sewing thread producing country worldwide, accounting for 42% of total volume. Moreover, sewing thread production in China exceeded the figures recorded by the second-largest producer, Russia, threefold. The United States ranked third in terms of total production with a 10% share.

What are the leading suppliers of sewing thread of man-made filaments or staple fibers to Myanmar?

In value terms, China constituted the largest supplier of sewing thread to Myanmar, comprising 68% of total imports. The second position in the ranking was occupied by Vietnam, with a 7.9% share of total imports. It was followed by Thailand, with a 6.8% share.

What are the leading importers of sewing thread of man-made filaments or staple fibers from Myanmar?

In value terms, Cambodia emerged as the key foreign market for sewing thread exports from Myanmar, comprising 42% of total exports. The second position in the ranking was occupied by South Korea, with an 18% share of total exports. It was followed by Vietnam, with an 18% share.

What is the average export price for sewing thread of man-made filaments or staple fibers in Myanmar?

In 2021, the average sewing thread export price amounted to $6,300 per ton, growing by 24% against the previous year.

What is the average import price for sewing thread of man-made filaments or staple fibers in Myanmar?

The average sewing thread import price stood at $6,749 per ton in 2021, dropping by -10.6% against the previous year.

This report provides an in-depth analysis of the sewing thread market in Myanmar. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 13108510 - Sewing thread of man-made filaments
Prodcom 13108550 - Sewing thread of man-made staple fibres

Country coverage:

Myanmar

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Myanmar
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

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Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023