Tunisia: Sewing Thread Market 2024

Sewing Thread Market Size in Tunisia

The Tunisian sewing thread market soared to $X in 2022, with an increase of 26% 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). The market value increased at an average annual rate of +1.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Sewing Thread Exports

Exports from Tunisia

In 2022, the amount of sewing thread of man-made filaments or staple fibers exported from Tunisia reached X tons, remaining constant against the previous year's figure. Over the period under review, exports enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2018 with an increase of 148% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, sewing thread exports declined modestly to $X in 2022. Overall, total exports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +2.1% 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 +69.1% against 2017 indices. The pace of growth was the most pronounced in 2015 with an increase of 98%. Over the period under review, the exports hit record highs at $X in 2021, and then declined in the following year.

Exports by Country

Turkey (X tons), Ethiopia (X tons) and India (X tons) were the main destinations of sewing thread exports from Tunisia, with a combined 87% 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 Turkey (with a CAGR of +25.4%), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) remains the key foreign market for sewing thread of man-made filaments or staple fibers exports from Tunisia, comprising 64% of total exports. The second position in the ranking was taken by India ($X), with a 13% share of total exports. It was followed by Ethiopia, with a 9.1% share.

From 2012 to 2022, the average annual growth rate of value to Turkey totaled +18.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+13.3% per year) and Ethiopia (+8.9% per year).

Export Prices by Country

The average sewing thread export price stood at $X per ton in 2022, dropping by -2.2% against the previous year. Over the period under review, the export price saw a abrupt slump. The pace of growth was the most pronounced in 2013 an increase of 17%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Ethiopia ($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 France (+4.7%), while the prices for the other major destinations experienced mixed trend patterns.

Sewing Thread Imports

Imports into Tunisia

In 2022, approx. X tons of sewing thread of man-made filaments or staple fibers were imported into Tunisia; growing by 6% on 2021. The total import volume increased at an average annual rate of +2.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 40% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, sewing thread imports soared to $X in 2022. Overall, total imports indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -18.7% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 65% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X tons), France (X tons) and Italy (X tons) were the main suppliers of sewing thread imports to Tunisia, together comprising 62% of total imports.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +16.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest sewing thread suppliers to Tunisia were Italy ($X), Germany ($X) and China ($X), together comprising 64% of total imports.

Germany, with a CAGR of +12.6%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average sewing thread import price amounted to $X per ton, growing by 23% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 ($X per ton), while the price for China ($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 (+1.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform