Global Sewing Thread Market Overview
In value terms, sewing thread production amounted to $ in 2019 estimated in export prices. The total output value increased at an average annual rate of +% from 2007 to 2019; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2010 when the production volume increased by % y-o-y. Global production peaked at $ in 2011; however, from 2012 to 2019, production remained at a lower figure.
The country with the largest volume of sewing thread production was China ( tonnes), comprising approx. % of total volume. Moreover, sewing thread production in China exceeded the figures recorded by the second-largest producer, Turkey ( tonnes), fourfold. The U.S. ( tonnes) ranked third in terms of total production with a % share.
From 2007 to 2019, the average annual growth rate of volume in China totaled +%. The remaining producing countries recorded the following average annual rates of production growth: Turkey (+% per year) and the U.S. (+% per year).
The global sewing thread market value totaled $ in 2019, remaining constant 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 +% from 2007 to 2019; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2011 when the market value increased by % year-to-year. Global consumption peaked in 2019 and is expected to retain growth in the immediate term.
From 2007 to 2019, the biggest increases were in India, while sewing thread consumption for the other global leaders experienced more modest paces of growth.
In value terms, the U.S. ($), China ($) and India ($) constituted the countries with the highest levels of market value in 2019, together comprising % of the global market.
India recorded the highest rates of growth with regard to market size, in terms of the main consuming countries over the period under review, while sewing thread market for the other global leaders experienced more modest paces of growth.
The countries with the highest levels of sewing thread per capita consumption in 2019 were Turkey ( kg per persons), Germany ( kg per persons) and France ( kg per persons).
From 2007 to 2019, the biggest increases were in India, while sewing thread per capita consumption for the other global leaders experienced more modest paces of growth.