South-Eastern Asia: Sewing Thread Market 2025

Sewing Thread Market Size in South-Eastern Asia

The Southeast Asian sewing thread market declined rapidly to $X in 2022, shrinking by -16% against the previous year. Overall, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Sewing Thread Production in South-Eastern Asia

In value terms, sewing thread production declined slightly to $X in 2022 estimated in export price. Overall, production showed a noticeable slump. The pace of growth was the most pronounced in 2017 with an increase of 27%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Sewing Thread Exports

Exports in South-Eastern Asia

In 2022, overseas shipments of sewing thread of man-made filaments or staple fibers increased by 83% to X tons, rising for the second consecutive year after three years of decline. Total exports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +118.7% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, sewing thread exports dropped slightly to $X in 2022. Total exports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +11.5% against 2020 indices. The pace of growth appeared the most rapid in 2016 when exports increased by 40%. Over the period under review, the exports reached the maximum at $X in 2021, and then dropped slightly in the following year.

Exports by Country

Vietnam was the key exporter of sewing thread of man-made filaments or staple fibers in South-Eastern Asia, with the volume of exports amounting to X tons, which was approx. 65% of total exports in 2022. Indonesia (X tons) ranks second in terms of the total exports with a 22% share, followed by Thailand (10%). Malaysia (X tons) followed a long way behind the leaders.

Vietnam was also the fastest-growing in terms of the sewing thread of man-made filaments or staple fibers exports, with a CAGR of +17.8% from 2012 to 2022. At the same time, Thailand (+2.8%) displayed positive paces of growth. By contrast, Indonesia (-3.7%) and Malaysia (-9.6%) illustrated a downward trend over the same period. Vietnam (+44 p.p.) significantly strengthened its position in terms of the total exports, while Thailand, Malaysia and Indonesia saw its share reduced by -2.4%, -8.6% and -29.4% from 2012 to 2022, respectively.

In value terms, Vietnam ($X) remains the largest sewing thread supplier in South-Eastern Asia, comprising 53% of total exports. The second position in the ranking was taken by Indonesia ($X), with a 22% share of total exports. It was followed by Thailand, with a 19% share.

From 2012 to 2022, the average annual growth rate of value in Vietnam totaled +11.9%. The remaining exporting countries recorded the following average annual rates of exports growth: Indonesia (-4.9% per year) and Thailand (+6.0% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, falling by -46.6% against the previous year. In general, the export price recorded a perceptible descent. The pace of growth was the most pronounced in 2016 when the export price increased by 25%. The level of export peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+3.1%), while the other leaders experienced mixed trends in the export price figures.

Sewing Thread Imports

Imports in South-Eastern Asia

In 2022, the amount of sewing thread of man-made filaments or staple fibers imported in South-Eastern Asia expanded sharply to X tons, surging by 5.7% on 2021 figures. The total import volume increased at an average annual rate of +3.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 13%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, sewing thread imports totaled $X in 2022. The total import value increased at an average annual rate of +4.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 13%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

The countries with the highest levels of sewing thread imports in 2022 were Vietnam (X tons), Indonesia (X tons), Myanmar (X tons) and Cambodia (X tons), together finishing at 87% of total import. It was distantly followed by Thailand (X tons), committing a 5.6% share of total imports. The Philippines (X tons) and Malaysia (X tons) took a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Myanmar (with a CAGR of +36.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) constitutes the largest market for imported sewing thread of man-made filaments or staple fibers in South-Eastern Asia, comprising 42% of total imports. The second position in the ranking was taken by Cambodia ($X), with a 19% share of total imports. It was followed by Indonesia, with a 19% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Vietnam amounted to +5.0%. The remaining importing countries recorded the following average annual rates of imports growth: Cambodia (+4.4% per year) and Indonesia (+5.2% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, stabilizing at the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the import price increased by 16%. The level of import peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+5.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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