Venezuela: Sewing Thread Market 2025

Sewing Thread Market Size in Venezuela

In 2022, the Venezuelan sewing thread market decreased by -25.7% to $X for the first time since 2018, thus ending a three-year rising trend. Over the period under review, consumption showed a drastic downturn. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Sewing Thread Exports

Exports from Venezuela

In 2022, overseas shipments of sewing thread of man-made filaments or staple fibers were finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of 1,025% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, sewing thread exports expanded sharply to $X in 2022. Overall, exports enjoyed a resilient expansion. The growth pace was the most rapid in 2018 when exports increased by 1,081% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

The Dominican Republic (X tons) was the main destination for sewing thread exports from Venezuela, with a 91% share of total exports. Moreover, sewing thread exports to the Dominican Republic exceeded the volume sent to the second major destination, Colombia (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Dominican Republic amounted to +107.9%.

In value terms, the Dominican Republic ($X) remains the key foreign market for sewing thread of man-made filaments or staple fibers exports from Venezuela, comprising 95% of total exports. The second position in the ranking was held by Colombia ($X), with a 3.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the Dominican Republic amounted to +114.9%.

Export Prices by Country

In 2022, the average sewing thread export price amounted to $X per ton, approximately equating the previous year. Overall, the export price recorded a drastic downturn. The most prominent rate of growth was recorded in 2018 an increase of 5%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Dominican Republic ($X per ton), while the average price for exports to Colombia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (+3.3%).

Sewing Thread Imports

Imports into Venezuela

In 2022, overseas purchases of sewing thread of man-made filaments or staple fibers decreased by -25.6% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, imports continue to indicate a deep downturn. The growth pace was the most rapid in 2019 when imports increased by 162% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, sewing thread imports contracted notably to $X in 2022. Over the period under review, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2019 when imports increased by 117% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of sewing thread to Venezuela, with a 79% share of total imports. Moreover, sewing thread imports from China exceeded the figures recorded by the second-largest supplier, Mexico (X tons), ninefold. The third position in this ranking was taken by the United States (X tons), with a 2.6% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled -7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+19.9% per year) and the United States (+6.4% per year).

In value terms, China ($X) constituted the largest supplier of sewing thread of man-made filaments or staple fibers to Venezuela, comprising 65% of total imports. The second position in the ranking was taken by Mexico ($X), with a 14% share of total imports. It was followed by the United States, with a 4% share.

From 2012 to 2022, the average annual growth rate of value from China totaled -10.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+18.0% per year) and the United States (-9.1% per year).

Import Prices by Country

The average sewing thread import price stood at $X per ton in 2022, flattening at the previous year. Over the period under review, the import price, however, recorded a abrupt contraction. The pace of growth was the most pronounced in 2014 an increase of 72%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (+3.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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