Sewing Thread Market Overview in the Philippines
The size of the sewing thread market in the Philippines declined to $ in , which is down by -% 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). Over the period under review, consumption, however, continues to indicate strong growth. The growth pace was the most rapid in 2009 with an increase of % y-o-y. Over the period under review, the market attained the maximum level at $ in 2016; however, from 2017 to , consumption failed to regain the momentum.