South-Eastern Asia: Cotton Sewing Thread Market 2025

Cotton Sewing Thread Market Size in South-Eastern Asia

The Southeast Asian cotton sewing thread market totaled $X in 2021, surging by 3.5% against the previous year. The total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -7.7% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Cotton Sewing Thread Production in South-Eastern Asia

In value terms, cotton sewing thread production soared to $X in 2021 estimated in export price. In general, production, however, posted a buoyant expansion. The pace of growth appeared the most rapid in 2019 with an increase of 110%. The level of production peaked at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Cotton Sewing Thread Exports

Exports in South-Eastern Asia

In 2021, shipments abroad of cotton sewing thread increased by 11% to X tons, rising for the fourth consecutive year after three years of decline. Over the period under review, exports enjoyed a pronounced expansion. The pace of growth was the most pronounced in 2013 with an increase of 1,619%. 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 reduced to $X in 2021. In general, exports enjoyed strong growth. The pace of growth was the most pronounced in 2013 when exports increased by 1,012%. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Thailand was the major exporter of cotton sewing thread in South-Eastern Asia, with the volume of exports finishing at X tons, which was near 40% of total exports in 2021. Vietnam (X tons) took the second position in the ranking, followed by Singapore (X tons), Indonesia (X tons) and Malaysia (X tons). All these countries together held approx. 56% share of total exports. The following exporters - Cambodia (X tons) and the Philippines (X tons) - each reached a 3.6% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to cotton sewing thread exports from Thailand stood at +4.7%. At the same time, Vietnam (+25.3%), Singapore (+11.7%), the Philippines (+4.5%) and Malaysia (+1.0%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +25.3% from 2012-2021. By contrast, Indonesia (-3.0%) and Cambodia (-3.9%) illustrated a downward trend over the same period. Vietnam (+14 p.p.) and Singapore (+6.6 p.p.) significantly strengthened its position in terms of the total exports, while Cambodia, Malaysia and Indonesia saw its share reduced by -2.1%, -3.7% and -14.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest cotton sewing thread supplier in South-Eastern Asia, comprising 45% of total exports. The second position in the ranking was taken by Singapore ($X), with a 19% share of total exports. It was followed by Vietnam, with an 18% share.

From 2012 to 2021, the average annual growth rate of value in Thailand totaled +10.6%. The remaining exporting countries recorded the following average annual rates of exports growth: Singapore (-1.7% per year) and Vietnam (+25.1% per year).

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, with a decrease of -11.9% against the previous year. Overall, the export price, however, recorded slight growth. The pace of growth was the most pronounced in 2016 when the export price increased by 52%. Over the period under review, the export prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+10.2%), while the other leaders experienced more modest paces of growth.

Cotton Sewing Thread Imports

Imports in South-Eastern Asia

In 2021, cotton sewing thread imports in South-Eastern Asia fell significantly to X tons, with a decrease of -20.6% against 2020 figures. Overall, imports continue to indicate a perceptible contraction. The pace of growth was the most pronounced in 2014 when imports increased by 37%. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, cotton sewing thread imports reduced dramatically to $X in 2021. Over the period under review, imports recorded a noticeable shrinkage. The growth pace was the most rapid in 2014 with an increase of 51% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

The purchases of the seven major importers of cotton sewing thread, namely Lao People's Democratic Republic, Myanmar, the Philippines, Malaysia, Vietnam, Cambodia and Indonesia, represented more than two-thirds of total import.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Myanmar (with a CAGR of +27.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Lao People's Democratic Republic ($X) constitutes the largest market for imported cotton sewing thread in South-Eastern Asia, comprising 35% of total imports. The second position in the ranking was taken by the Philippines ($X), with a 15% share of total imports. It was followed by Indonesia, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Lao People's Democratic Republic amounted to +23.8%. In the other countries, the average annual rates were as follows: the Philippines (+21.3% per year) and Indonesia (-14.9% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2021, dropping by -2.1% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 10%. The level of import peaked at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Lao People's Democratic Republic ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+9.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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