Pakistan: Sewing Thread Market 2024

Sewing Thread Market Size in Pakistan

After two years of growth, the Pakistani sewing thread market decreased by -1.1% to $X in 2022. Over the period under review, consumption, however, saw a modest expansion. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Sewing Thread Exports

Exports from Pakistan

In 2022, shipments abroad of sewing thread of man-made filaments or staple fibers decreased by -47.2% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports showed a deep setback. The most prominent rate of growth was recorded in 2020 when exports increased by 91%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, sewing thread exports reduced sharply to $X in 2022. Overall, exports saw a abrupt downturn. The pace of growth was the most pronounced in 2020 when exports increased by 70% 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

Malaysia (X tons), Mozambique (X tons) and Peru (X tons) were the main destinations of sewing thread exports from Pakistan, with a combined 70% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +130.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sewing thread exported from Pakistan were Malaysia ($X), Mozambique ($X) and Peru ($X), together comprising 77% of total exports.

In terms of the main countries of destination, Malaysia, with a CAGR of +137.0%, recorded 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, rising by 38% against the previous year. Overall, export price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sewing thread export price increased by +69.3% against 2020 indices. The most prominent rate of growth was recorded in 2018 an increase of 42% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mozambique ($X per ton), while the average price for exports to South Africa ($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 Portugal (+55.8%), while the prices for the other major destinations experienced more modest paces of growth.

Sewing Thread Imports

Imports into Pakistan

In 2022, purchases abroad of sewing thread of man-made filaments or staple fibers decreased by -17.2% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 106% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, sewing thread imports declined modestly to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 112% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of sewing thread to Pakistan, accounting for a 79% share of total imports. Moreover, sewing thread imports from China exceeded the figures recorded by the second-largest supplier, Oman (X tons), more than tenfold. The third position in this ranking was held by Thailand (X tons), with a 6.1% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Oman (+9.6% per year) and Thailand (+16.1% per year).

In value terms, China ($X) constituted the largest supplier of sewing thread of man-made filaments or staple fibers to Pakistan, comprising 76% of total imports. The second position in the ranking was held by Oman ($X), with a 13% share of total imports. It was followed by Thailand, with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +1.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Oman (+16.4% per year) and Thailand (+18.1% per year).

Import Prices by Country

In 2022, the average sewing thread import price amounted to $X per ton, rising by 19% against the previous year. In general, the import price saw a relatively flat trend pattern. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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