Slovakia: Sewing Thread Market 2024

Sewing Thread Market Size in Slovakia

The Slovak sewing thread market contracted dramatically to $X in 2022, dropping by -42.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a abrupt setback. Sewing thread consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Sewing Thread Exports

Exports from Slovakia

In 2022, exports of sewing thread of man-made filaments or staple fibers from Slovakia contracted markedly to X tons, with a decrease of -65.6% on 2021. Overall, exports, however, showed moderate growth. The growth pace was the most rapid in 2021 when exports increased by 219%. As a result, the exports attained the peak of X tons, and then declined remarkably in the following year.

In value terms, sewing thread exports shrank sharply to $X in 2022. Over the period under review, exports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 111%. As a result, the exports attained the peak of $X, and then shrank sharply in the following year.

Exports by Country

Moldova (X tons), Tunisia (X tons) and Bosnia and Herzegovina (X tons) were the main destinations of sewing thread exports from Slovakia, with a combined 49% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Tunisia (with a CAGR of +68.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sewing thread exported from Slovakia were Bosnia and Herzegovina ($X), Tunisia ($X) and Moldova ($X), together comprising 55% of total exports.

In terms of the main countries of destination, Tunisia, with a CAGR of +78.2%, saw the highest rates of growth with regard to 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, with an increase of 68% against the previous year. Over the period under review, export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +3.7% 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 +76.3% against 2019 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Bosnia and Herzegovina ($X per ton), while the average price for exports to Austria ($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 Armenia (+26.5%), while the prices for the other major destinations experienced more modest paces of growth.

Sewing Thread Imports

Imports into Slovakia

In 2022, supplies from abroad of sewing thread of man-made filaments or staple fibers decreased by -52.1% to X tons, falling for the second consecutive year after four years of growth. Over the period under review, imports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2017 when imports increased by 64%. Over the period under review, imports reached the peak figure at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, sewing thread imports reduced sharply to $X in 2022. In general, imports showed a abrupt decline. The most prominent rate of growth was recorded in 2017 with an increase of 46%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Germany (X tons), Hungary (X tons) and Slovenia (X tons) were the main suppliers of sewing thread imports to Slovakia, with a combined 84% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of +27.4%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest sewing thread suppliers to Slovakia were Germany ($X), Hungary ($X) and China ($X), with a combined 66% share of total imports.

Among the main suppliers, Hungary, with a CAGR of +9.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average sewing thread import price stood at $X per ton in 2022, picking up by 36% against the previous year. In general, the import price continues to indicate a mild increase. The most prominent rate of growth was recorded in 2021 when the average import price increased by 37%. Over the period under review, average import prices attained the maximum at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+11.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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