Portugal: Sewing Thread Market 2024

Sewing Thread Market Size in Portugal

The Portuguese sewing thread market surged to $X in 2022, rising by 78% against the previous year. Over the period under review, consumption posted a measured increase. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Sewing Thread Production in Portugal

In value terms, sewing thread production soared to $X in 2022 estimated in export price. Overall, production enjoyed a measured expansion. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Sewing Thread Exports

Exports from Portugal

In 2022, the amount of sewing thread of man-made filaments or staple fibers exported from Portugal soared to X tons, jumping by 85% compared with the previous year. Overall, exports saw a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, sewing thread exports soared to $X in 2022. Over the period under review, exports posted a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Tunisia (X tons), Spain (X tons) and Sweden (X tons) were the main destinations of sewing thread exports from Portugal, together comprising 60% of total exports.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of +178.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Tunisia ($X) remains the key foreign market for sewing thread of man-made filaments or staple fibers exports from Portugal, comprising 46% of total exports. The second position in the ranking was taken by Spain ($X), with a 13% share of total exports. It was followed by Sweden, with a 9.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Tunisia amounted to +10.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+2.9% per year) and Sweden (+188.4% per year).

Export Prices by Country

The average sewing thread export price stood at $X per ton in 2022, reducing by -9.2% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 59% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Tunisia ($X per ton), while the average price for exports to Italy ($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 Tunisia (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.

Sewing Thread Imports

Imports into Portugal

In 2022, supplies from abroad of sewing thread of man-made filaments or staple fibers increased by 11% to X tons, rising for the second consecutive year after two years of decline. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by 16% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, sewing thread imports rose remarkably to $X in 2022. The total import value increased at an average annual rate of +2.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 23%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

China (X tons), Germany (X tons) and the UK (X tons) were the main suppliers of sewing thread imports to Portugal, with a combined 76% share of total imports. Hungary, the Netherlands, Slovenia, Italy, Spain and Israel lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +24.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of sewing thread of man-made filaments or staple fibers to Portugal, comprising 44% of total imports. The second position in the ranking was held by the UK ($X), with a 14% share of total imports. It was followed by China, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+7.8% per year) and China (+9.4% per year).

Import Prices by Country

The average sewing thread import price stood at $X per ton in 2022, surging by 2.4% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2017 when the average import price increased by 44% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to see steady growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+26.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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