U.S.: Sewing Thread Market 2024

Sewing Thread Market Size in the U.S.

The U.S. sewing thread market reduced to $X in 2022, with a decrease of -6.6% against the previous year. Overall, consumption showed a perceptible decline. Sewing thread consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Sewing Thread Production in the U.S.

In value terms, sewing thread production shrank to $X in 2022. Overall, production continues to indicate a pronounced slump. The growth pace was the most rapid in 2018 when the production volume increased by 15% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Sewing Thread Exports

Exports from the U.S.

In 2022, exports of sewing thread of man-made filaments or staple fibers from the United States shrank to X tons, remaining relatively unchanged against the previous year. Overall, exports saw a mild setback. The most prominent rate of growth was recorded in 2014 when exports increased by 25% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, sewing thread exports expanded rapidly to $X in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 16%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Mexico (X tons) was the main destination for sewing thread exports from the United States, accounting for a 72% share of total exports. Moreover, sewing thread exports to Mexico exceeded the volume sent to the second major destination, Canada (X tons), sixfold. The third position in this ranking was held by El Salvador (X tons), with a 2.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Mexico was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-4.9% per year) and El Salvador (+21.3% per year).

In value terms, Mexico ($X) remains the key foreign market for sewing thread of man-made filaments or staple fibers exports from the United States, comprising 76% of total exports. The second position in the ranking was taken by Canada ($X), with a 7.3% share of total exports. It was followed by the Dominican Republic, with a 2.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Mexico was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-1.4% per year) and the Dominican Republic (-4.2% per year).

Export Prices by Country

The average sewing thread export price stood at $X per ton in 2022, rising by 14% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2017 an increase of 15%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Honduras ($X per ton), while the average price for exports to El Salvador ($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 Honduras (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.

Sewing Thread Imports

Imports into the U.S.

In 2022, after two years of growth, there was significant decline in supplies from abroad of sewing thread of man-made filaments or staple fibers, when their volume decreased by -10.6% to X tons. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 15%. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, sewing thread imports declined slightly to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when imports increased by 10%. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest sewing thread supplier to the United States, accounting for a 34% share of total imports. Moreover, sewing thread imports from China exceeded the figures recorded by the second-largest supplier, Mexico (X tons), threefold. The third position in this ranking was held by Israel (X tons), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled -4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-6.6% per year) and Israel (+21.3% per year).

In value terms, the largest sewing thread suppliers to the United States were China ($X), Mexico ($X) and Germany ($X), together comprising 51% of total imports. The UK, Japan, Turkey, Israel, India and Thailand lagged somewhat behind, together accounting for a further 29%.

Turkey, with a CAGR of +45.7%, saw the highest growth rate of 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, surging by 9.7% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 ($X per ton), while the price for Israel ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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