Serbia: Sewing Thread Market 2025

Sewing Thread Market Size in Serbia

In 2022, the Serbian sewing thread market increased by 1.4% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +3.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Sewing thread consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Sewing Thread Exports

Exports from Serbia

In 2022, sewing thread exports from Serbia surged to X tons, increasing by 68% on 2021. Overall, exports saw a strong 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 enjoyed a resilient increase. The growth pace was the most rapid in 2014 with an increase of 84%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Russia (X tons), Turkey (X tons) and Bosnia and Herzegovina (X tons) were the main destinations of sewing thread exports from Serbia, with a combined 69% share of total exports. Italy, Croatia, Morocco, North Macedonia and Belgium lagged somewhat behind, together comprising a further 23%.

From 2012 to 2022, the biggest increases were recorded for Morocco (with a CAGR of +155.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) emerged as the key foreign market for sewing thread of man-made filaments or staple fibers exports from Serbia, comprising 38% of total exports. The second position in the ranking was taken by Bosnia and Herzegovina ($X), with a 17% share of total exports. It was followed by Russia, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Turkey stood at +100.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (+6.4% per year) and Russia (0.0% per year).

Export Prices by Country

In 2022, the average sewing thread export price amounted to $X per ton, which is down by -10.1% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2014 an increase of 38% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Russia ($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 Belgium (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.

Sewing Thread Imports

Imports into Serbia

In 2022, supplies from abroad of sewing thread of man-made filaments or staple fibers increased by 4.7% to X tons for the first time since 2018, thus ending a three-year declining trend. The total import volume 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 most prominent rate of growth was recorded in 2017 with an increase of 36%. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, sewing thread imports expanded to $X in 2022. The total import value increased at an average annual rate of +4.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of 15% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

China (X tons), Turkey (X tons) and the Czech Republic (X tons) were the main suppliers of sewing thread imports to Serbia, with a combined 73% share of total imports. Italy, Germany, Indonesia, Portugal, India and Slovenia lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Portugal (with a CAGR of +106.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of sewing thread of man-made filaments or staple fibers to Serbia, comprising 36% of total imports. The second position in the ranking was taken by Turkey ($X), with a 16% share of total imports. It was followed by Italy, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +13.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+5.6% per year) and Italy (-4.3% per year).

Import Prices by Country

The average sewing thread import price stood at $X per ton in 2022, remaining constant against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. The pace of growth was the most pronounced in 2021 an increase of 24% against the previous year. As a result, import price reached the peak level of $X per ton, leveling off in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform