Venezuela: Cotton Sewing Thread Market 2025

Cotton Sewing Thread Market Size in Venezuela

The Venezuelan cotton sewing thread market contracted notably to $X in 2021, shrinking by -22.7% 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). In general, consumption recorded a dramatic descent. Cotton sewing thread consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Cotton Sewing Thread Exports

Exports from Venezuela

In 2021, the amount of cotton sewing thread exported from Venezuela reduced dramatically to X kg, dropping by -80.1% compared with 2020 figures. In general, exports, however, posted a prominent increase. The pace of growth was the most pronounced in 2017 with an increase of 620%. The exports peaked at X kg in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, cotton sewing thread exports surged to $X in 2021. Overall, exports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2017 when exports increased by 237%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

The Dominican Republic (X kg) was the main destination for cotton sewing thread exports from Venezuela, accounting for a 65% share of total exports. Moreover, cotton sewing thread exports to the Dominican Republic exceeded the volume sent to the second major destination, Costa Rica (X kg), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Dominican Republic totaled +11.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (+9.3% per year) and Guyana (0.0% per year).

In value terms, the largest markets for cotton sewing thread exported from Venezuela were Guyana ($X), the Dominican Republic ($X) and Costa Rica ($X), with a combined 100% share of total exports.

The Dominican Republic, with a CAGR of +36.3%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average cotton sewing thread export price stood at $X per ton in 2021, surging by 522% against the previous year. Over the period under review, the export price showed a significant expansion. The growth pace was the most rapid in 2019 an increase of 674% against the previous year. The export price peaked in 2021 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Guyana ($X per ton), while the average price for exports to Costa Rica ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (+22.4%).

Cotton Sewing Thread Imports

Imports into Venezuela

In 2021, approx. X tons of cotton sewing thread were imported into Venezuela; which is down by -30% against 2020. Overall, imports faced a significant contraction. The most prominent rate of growth was recorded in 2019 with an increase of 261% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, cotton sewing thread imports shrank notably to $X in 2021. In general, imports saw a sharp setback. The most prominent rate of growth was recorded in 2019 with an increase of 220%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, India (X tons) constituted the largest cotton sewing thread supplier to Venezuela, with a 65% share of total imports. Moreover, cotton sewing thread imports from India exceeded the figures recorded by the second-largest supplier, China (X kg), fivefold. The third position in this ranking was held by Mexico (X kg), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from India stood at -24.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-44.7% per year) and Mexico (+5.1% per year).

In value terms, India ($X) constituted the largest supplier of cotton sewing thread to Venezuela, comprising 58% of total imports. The second position in the ranking was held by Mexico ($X), with a 17% share of total imports. It was followed by the United States, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from India totaled -27.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-6.4% per year) and the United States (-22.7% per year).

Import Prices by Country

The average cotton sewing thread import price stood at $X per ton in 2021, jumping by 15% against the previous year. Over the period under review, import price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +9.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, cotton sewing thread import price increased by +51.9% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of 130% against the previous year. The import price 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 supplying countries. In 2021, amid the top importers, the country with the highest price was Colombia ($X per ton), while the price for Panama ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+62.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :