Sewing Thread Market Overview in Singapore
In value terms, sewing thread production fell slightly to $ in estimated in export prices. Overall, production, however, recorded resilient growth. The growth pace was the most rapid in 2008 with an increase of % y-o-y. Sewing thread production peaked at $ in 2011; however, from 2012 to , production stood at a somewhat lower figure.
The revenue of the sewing thread market in Singapore reduced to $ in , dropping 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). Overall, consumption, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2009 when the market value increased by % against the previous year. Sewing thread consumption peaked at $ in 2017; however, from 2018 to , consumption remained at a lower figure.