Northern America: Cotton Sewing Thread Market 2024

Cotton Sewing Thread Market Size in Northern America

The North American cotton sewing thread market expanded slightly to $X in 2021, rising by 2.9% against the previous year. Over the period under review, consumption, however, showed a prominent expansion. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Cotton Sewing Thread Production in Northern America

In value terms, cotton sewing thread production amounted to $X in 2021 estimated in export price. In general, production, however, enjoyed strong growth. The growth pace was the most rapid in 2015 with an increase of 87% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Cotton Sewing Thread Exports

Exports in Northern America

In 2021, the amount of cotton sewing thread exported in Northern America fell significantly to X tons, shrinking by -20.4% against the previous year. Overall, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2018 with an increase of 27% against the previous year. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, cotton sewing thread exports contracted modestly to $X in 2021. In general, exports showed a abrupt contraction. The pace of growth was the most pronounced in 2015 with an increase of 26%. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United States prevails in exports structure, resulting at X tons, which was near 92% of total exports in 2021. It was distantly followed by Canada (X tons), comprising an 8.1% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to cotton sewing thread exports from the United States stood at -8.6%. At the same time, Canada (+11.4%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +11.4% from 2012-2021. While the share of Canada (+6.6 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the United States (-6.6 p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest cotton sewing thread supplier in Northern America, comprising 82% of total exports. The second position in the ranking was held by Canada ($X), with an 18% share of total exports.

In the United States, cotton sewing thread exports contracted by an average annual rate of -8.3% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per ton, picking up by 23% against the previous year. Over the last nine years, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2015 an increase of 38% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the United States amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+2.2%).

Cotton Sewing Thread Imports

Imports in Northern America

In 2021, approx. X tons of cotton sewing thread were imported in Northern America; jumping by 15% compared with 2020 figures. Overall, imports, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2018 with an increase of 18% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, cotton sewing thread imports rose rapidly to $X in 2021. The total import value increased at an average annual rate of +1.3% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2020 when imports increased by 22%. The level of import peaked in 2021 and is likely to continue growth in the immediate term.

Imports by Country

The United States represented the main importing country with an import of around X tons, which amounted to 86% of total imports. It was distantly followed by Canada (X tons), making up a 14% share of total imports.

The United States was also the fastest-growing in terms of the cotton sewing thread imports, with a CAGR of -1.2% from 2012 to 2021. Canada (-17.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United States increased by +32 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported cotton sewing thread in Northern America, comprising 90% of total imports. The second position in the ranking was taken by Canada ($X), with a 10% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States totaled +1.9%.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2021, reducing by -6.5% against the previous year. Import price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +8.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, cotton sewing thread import price increased by +99.4% against 2012 indices. The growth pace was the most rapid in 2015 an increase of 28% against the previous year. The level of import peaked at $X per ton in 2020, and then declined in the following year.

Average prices varied somewhat amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+19.2%).

Source: IndexBox Platform

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