In 2023, China dominated global exports of sewing thread made from man-made staple fibers with a 69.06% share, despite a slight decrease of 1.04% year-on-year. The U.S. followed but trails significantly with a 5.1% share, also experiencing a decline. Egypt, Israel, and Hungary showed positive growth, at 4.75%, 4.46%, and 2.96% respectively, indicating emerging opportunities. A noticeable decline was seen in South Korea and Germany with double-digit drops. Smaller exporters like Uganda and Moldova demonstrated significant growth rates.
Future trends may include:
- Potential market shifts due to regional agreements and supply chain changes.
- New technological advancements may foster efficiencies, affecting competitive dynamics.
- Environmental regulatory pressures could alter manufacturing and exporting landscapes.
Top countries in Export of Sewing Thread of Man-Made Staple Fibres Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 69.06 | 2023 | -0.49% | -1.04% | View data |
| 2 | 2 United States | 5.1 | 2023 | -0.5% | -2.32% | View data |
| 3 | 3 Egypt | 2.77 | 2023 | +3.2% | +4.75% | View data |
| 4 | 4 Germany | 2.65 | 2023 | -4.61% | -6.07% | View data |
| 5 | 5 South Korea | 2.4 | 2023 | -13.16% | -10.05% | View data |
| 6 | 6 Israel | 2.11 | 2023 | +3.28% | +4.46% | View data |
| 7 | 7 Hungary | 1.86 | 2023 | +3.13% | +2.96% | View data |
| 8 | 8 Netherlands | 1.31 | 2023 | +1.88% | -1.08% | View data |
| 9 | 9 India | 1.28 | 2023 | +1.96% | +0.69% | View data |
| 10 | 10 Indonesia | 1.23 | 2023 | -6.6% | -6.62% | View data |
