Sewing Thread Market Overview in the USA
In value terms, sewing thread production contracted sharply to $ in . The total output value increased at an average annual rate of +% over the period from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of % against the previous year. Sewing thread production peaked at $ in 2018; however, from 2019 to , production stood at a somewhat lower figure.
The value of the sewing thread market in the U.S. declined to $ in , reducing 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, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of % year-to-year. Over the period under review, the market reached the maximum level at $ in 2018; however, from 2019 to , consumption failed to regain the momentum.