South-Eastern Asia: Sewing Needle Market 2020

Sewing Needle Market Size in South-Eastern Asia

The revenue of the sewing needle market in South-Eastern Asia amounted to $X in 2017, dropping by -X% against the previous year. The sewing needle consumption continues to indicate an outstanding expansion. The most prominent rate of growth was recorded in 2010, with an increase of X% against the previous year. In that year, the sewing needle market reached their peak level of $X. From 2011 to 2017, growth of the sewing needle market stood at a somewhat lower level.

Sewing Needle Production in South-Eastern Asia

The sewing needle production amounted to X tons in 2017, dropping by -X% against the previous year. The sewing needle production continues to indicate a mild growth. The most prominent rate of growth was recorded in 2013, with an increase of X% year-to-year. In that year, the sewing needle production attained their peak volume of X tons. From 2014 to 2017, growth of the sewing needle production failed to regain its momentum.

Sewing Needle Exports in South-Eastern Asia

In 2017, the amount of sewing, knitting needles and bodkins of iron or steel exported in South-Eastern Asia amounted to X tons, waning by -X% against the previous year. The sewing needle exports continue to indicate a deep decline. The pace of growth was the most pronounced in 2015, when exports increased by X% against the previous year. Over the period under review, the sewing needle exports attained its peak figure volume of X tons in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

In value terms, sewing needle exports amounted to $X in 2017. The sewing needle exports continue to indicate a deep contraction. Over the period under review, the sewing needle exports attained its peak figure level of $X in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Sewing Needle Exports by Country in South-Eastern Asia

Singapore (X tons) and Malaysia (X tons) represented roughly X% of total exports of sewing, knitting needles and bodkins of iron or steel in 2017. It was distantly followed by Thailand (X tons), achieving X% share of total exports. Brunei Darussalam (X tons) and Indonesia (X tons) followed a long way behind the leaders.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Thailand (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Malaysia ($X) and Thailand ($X) were the countries with the highest levels of exports in 2017, with a combined X% share of total exports.

Among the main exporting countries , Thailand (+X% per year) experienced the highest growth rate of exports, over the last decade, while the other leaders experienced more modest paces of growth.

Sewing Needle Export Prices by Country in South-Eastern Asia

In 2017, the sewing needle export price in South-Eastern Asia amounted to $X per ton, surging by X% against the previous year. The export price indicated a prominent increase from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the sewing needle export price increased by +X% against 2014 indices. The pace of growth appeared the most rapid in 2010, when the export prices increased by X% against the previous year. Over the period under review, the export prices for sewing, knitting needles and bodkins of iron or steel attained its peak figure level in 2017, and is likely to see steady growth in the immediate term.

Export prices varied noticeably by the country of destination; the country with the highest export price was Singapore ($X per kg), while Brunei Darussalam ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Singapore (+X% per year), while the other leaders experienced a decline in the export price figures.

Sewing Needle Imports in South-Eastern Asia

In 2017, approx. X tons of sewing, knitting needles and bodkins of iron or steel were imported in South-Eastern Asia; increasing by X% against the previous year. The total import volume increased an average annual rate of +X% from 2007 to 2017; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2014, when imports increased by X% y-o-y. Over the period under review, the sewing needle imports reached its peak figure volume in 2017, and are likely to continue its growth in the near future.

In value terms, sewing needle imports totaled $X in 2017. The sewing needle imports continue to indicate a temperate slump. Over the period under review, the sewing needle imports attained its maximum level of $X in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Sewing Needle Imports by Country in South-Eastern Asia

Malaysia represented the main importer of sewing, knitting needles and bodkins of iron or steel in South-Eastern Asia, with the volume of imports recording X tons, which was near X% of total imports in 2017. Indonesia (X tons) ranks second in terms of the global imports with a X% share, followed by Singapore (X%), Thailand (X%) and the Philippines (X%). Vietnam (X tons) followed a long way behind the leaders.

Imports into Malaysia increased at an average annual rate of +X% from 2007 to 2017. At the same time, Indonesia (+X%) and Thailand (+X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest growing importer in South-Eastern Asia, with a CAGR of +X% from 2007-2017. Singapore experienced a relatively flat trend pattern. By contrast, Vietnam (-X%) and the Philippines (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of the Philippines and Vietnam increased by X% and X% percentage points, while Thailand (-X%), Indonesia (-X%) and Malaysia (-X%) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X), Malaysia ($X) and Singapore ($X) appeared to be the countries with the highest levels of imports in 2017, together comprising X% of total imports. These countries were followed by Thailand, Vietnam and the Philippines, which together accounted for a further X%.

The Philippines (+X% per year) experienced the highest rates of growth with regard to imports, in terms of the main importing countries over the last decade, while the other leaders experienced mixed trends in the imports figures.

Sewing Needle Import Prices by Country in South-Eastern Asia

In 2017, the sewing needle import price in South-Eastern Asia amounted to $X per ton, waning by -X% against the previous year. The sewing needle import price continues to indicate a deep slump. The growth pace was the most rapid in 2015, when the import prices increased by X% against the previous year. The level of import price peaked of $X per kg in 2007; however, from 2008 to 2017, it failed to regain its momentum.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Vietnam ($X per kg), while the Philippines ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by the Philippines (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform