Sewing thread of man-made filaments market in Portugal

Earlier Report Observations

The Portuguese market for sewing thread of man-made filaments contracted sharply in physical volume between 2018 and 2022, falling from 2 570 t to 987 t. Domestic production followed a similar downward path, declining from 1 919 t to 938 t over the same period. By 2023, the total market volume stabilized at 986 t, while production decreased further to 832 t.

Trade patterns shifted significantly during this time. Imports fell from 1 023 t in 2018 to 559 t in 2020, before recovering to 702 t by 2022. Exports surged to 653 t in 2022, a sharp increase from the 230-283 t range seen in the preceding years, which amplified the reduction in domestic availability that year.

In value terms, the market shrank from $17.8 million in 2018 to $9.1 million in 2022. However, 2023 saw a rebound to $11.3 million, suggesting an increase in average unit value or a change in the product mix, even as the physical market volume remained nearly unchanged.

Production sewing thread of man-made filaments in Portugal

In value, 2018-2021, K $ US

In 2020, Portugal's output of sewing thread made from man-made filaments was valued at 5 762 thousand US dollars. Production remained virtually unchanged compared to the previous year. Between 2018 and 2020, production decreased by 36%, which translates to an annualized decline of 13.8%.

Annual dynamics of production in Portugal in value, 2018-2021, K $ US

In kind, 2018-2021, t

In 2020, Portugal produced 1 079 tonnes of sewing thread from man-made filaments. This volume showed little change from the prior year. Over the period from 2018 to 2020, production fell by 43.8%, averaging an annualized decrease of 17.5%.

Annual dynamics of production in Portugal in kind, 2018-2021, t

Exports sewing thread of man-made filaments from Portugal

Exports in kind, t

Portugal's exports of sewing thread made from man-made filaments increased in 2021, following a two-year decline. The country exported 283 tonnes that year, marking a solid gain of 23.0% compared to 2020. Between 2018 and 2021, exports decreased by 23.9%, with an annualized rate of decline of 8.7%. The lowest export volume was recorded in 2020 at 230 tonnes, while the largest decline occurred in 2019, dropping by 31.4%.

Annual dynamics of product's exports from Portugal in kind, 2018-2021, t

From 2018 to 2021, Tunisia, Spain, and Morocco were the key partners for Portugal's exports of sewing thread from man-made filaments in volume terms. Tunisia accounted for 51.3% of exports, Spain for 18.9%, and Morocco for 6.5%. Together, these three countries represented 76.7% of total export flows.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Portugal in kind, 2018-2021

Exports in value, K $ US

Exports of sewing thread made from man-made filaments from Portugal rose in 2021, ending a two-year decline. The value reached 4 471 thousand US dollars, showing a sharp gain of 55.6% versus the previous year. Over the period from 2018 to 2021, exports increased by 6.9%, equating to an annualized growth rate of 2.2%. The lowest value was recorded in 2020 at 2 873 thousand US dollars, and the largest decline occurred in 2019, falling by 23.3%.

Annual dynamics of product's exports from Portugal in value, 2018-2021, K $ US

Between 2018 and 2021, three main markets—Tunisia, Spain, and Morocco—collectively absorbed 79.2% of the total export value for Portugal's sewing thread made from man-made filaments.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Portugal in value, 2018-2021

Imports sewing thread of man-made filaments to Portugal

Imports in kind, t

Portugal's imports of sewing thread from man-made filaments increased in 2021, after a two-year decline. The import volume was recorded at 613 tonnes, up by 9.8% from the previous year. From 2018 to 2021, imports decreased by 40%, with an annualized decline of 15.7%. The minimum volume was in 2020 at 559 tonnes, and the largest drop occurred in 2020, falling by 31.4%.

Annual dynamics of product's imports to Portugal in kind, 2018-2021, t

Over the period 2018–2021, Germany, the United Kingdom, and Spain consistently led in Portugal's import structure for sewing thread from man-made filaments in volume terms. Germany accounted for 49.3% of imports, the United Kingdom for 14.8%, and Spain for 8.5%. Together, they made up 72.6% of total import flows.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Portugal in kind, 2018-2021

Imports in value, K $ US

Imports of sewing thread made from man-made filaments into Portugal increased in 2021, following a two-year reduction. The value registered 10 978 thousand US dollars, marking a solid gain of 20.9% over the past year. Between 2018 and 2021, imports decreased by 15.1%, which corresponds to an annualized decline of 5.3%. The lowest value was in 2020 at 9 077 thousand US dollars, and the largest decline was recorded in 2020, dropping by 20.2%.

Annual dynamics of product's imports to Portugal in value, 2018-2021, K $ US

Throughout 2018–2021, Germany, the United Kingdom, and Spain formed the core of Portugal's imports in value terms for sewing thread from man-made filaments. Germany represented 55.6% of imports, the United Kingdom 15.4%, and Spain 6.3%. Collectively, they accounted for 77.3% of total import flows.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Portugal in value, 2018-2021