Scandinavia: Cotton Sewing Thread Market 2025

Cotton Sewing Thread Market Size in Scandinavia

In 2021, the Scandinavia cotton sewing thread market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. The total consumption indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Cotton Sewing Thread Production in Scandinavia

In value terms, cotton sewing thread production skyrocketed to $X in 2021 estimated in export price. In general, production, however, recorded a pronounced setback. The level of production peaked at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Cotton Sewing Thread Exports

Exports in Scandinavia

In 2021, approx. X tons of cotton sewing thread were exported in Scandinavia; waning by -56.2% against 2020. In general, exports saw a drastic downturn. The growth pace was the most rapid in 2020 when exports increased by 24% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, cotton sewing thread exports contracted sharply to $X in 2021. Overall, exports saw a abrupt decline. The most prominent rate of growth was recorded in 2020 when exports increased by 51%. As a result, the exports reached the peak of $X, and then declined significantly in the following year.

Exports by Country

Denmark (X tons) and Sweden (X tons) dominates exports structure, together comprising 90% of total exports. Finland (X kg) held a 5.2% share (based on physical terms) of total exports, which put it in second place, followed by Norway (4.7%).

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Finland (with a CAGR of +16.2%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Sweden ($X), Denmark ($X) and Finland ($X) appeared to be the countries with the highest levels of exports in 2021, together accounting for 98% of total exports.

In terms of the main exporting countries, Finland, with a CAGR of +22.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, surging by 8% against the previous year. Overall, the export price recorded measured growth. The pace of growth was the most pronounced in 2020 when the export price increased by 22%. The level of export peaked in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Sweden ($X per ton), while Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+12.3%), while the other leaders experienced mixed trends in the export price figures.

Cotton Sewing Thread Imports

Imports in Scandinavia

In 2021, the amount of cotton sewing thread imported in Scandinavia rose modestly to X tons, growing by 2.6% against 2020 figures. Overall, imports posted prominent growth. The most prominent rate of growth was recorded in 2020 when imports increased by 130%. Over the period under review, imports reached the maximum in 2021 and are likely to continue growth in the immediate term.

In value terms, cotton sewing thread imports soared to $X in 2021. In general, imports recorded a buoyant increase. The pace of growth was the most pronounced in 2020 with an increase of 67% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to continue growth in the near future.

Imports by Country

In 2021, Denmark (X tons) represented the major importer of cotton sewing thread, mixing up 61% of total imports. Norway (X tons) held the second position in the ranking, distantly followed by Sweden (X tons). All these countries together took approx. 37% share of total imports. Finland (X tons) followed a long way behind the leaders.

Denmark was also the fastest-growing in terms of the cotton sewing thread imports, with a CAGR of +28.8% from 2012 to 2021. At the same time, Norway (+18.7%) displayed positive paces of growth. By contrast, Sweden (-5.7%) and Finland (-10.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Denmark and Norway increased by +42 and +9.8 percentage points, respectively.

In value terms, the largest cotton sewing thread importing markets in Scandinavia were Denmark ($X), Norway ($X) and Sweden ($X), together accounting for 97% of total imports.

Norway, with a CAGR of +16.1%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2021, rising by 14% against the previous year. Over the period under review, the import price, however, showed a noticeable descent. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Sweden ($X per ton), while Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+10.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform