Japan - Industrial Sewing Machines - Market Analysis, Forecast, Size, Trends and Insights
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View PricingJapan's Industrial Sewing Machine Price Soars to $3,930 Per Unit
Japan Industrial Sewing Machine Export Price in February 2023
In February 2023, the industrial sewing machine price amounted to $3,930 per unit (FOB, Japan), rising by 12% against the previous month. In general, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the average export prices attained the peak figure at $4,143 per unit in May 2022; afterwards, it flattened through to February 2023.
There were significant differences in the average prices for the major foreign markets. In February 2023, the country with the highest price was Vietnam ($14,527 per unit), while the average price for exports to Cambodia ($2,581 per unit) was amongst the lowest.
From February 2022 to February 2023, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+12.7%), while the prices for the other major destinations experienced more modest paces of growth.
| COUNTRY | Feb 2022 | Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Export Price of Industrial Sewing Machine in Japan (thousand USD per unit) | |||||||||||||
| Vietnam | 3.5 | 4.0 | 3.6 | 35.2 | 4.0 | 5.0 | 5.0 | 9.3 | 10.1 | 4.4 | 5.2 | N/A | 14.5 |
| Netherlands | 5.2 | 5.4 | 6.7 | 6.5 | 4.9 | 5.0 | 13.5 | 10.0 | 24.3 | 3.5 | 4.3 | 5.1 | 8.9 |
| United States | 3.8 | 3.4 | 4.5 | 3.5 | 4.3 | 4.5 | 3.6 | 4.9 | 5.0 | 3.1 | 3.9 | 3.0 | 7.0 |
| India | 3.1 | 3.5 | 4.5 | 3.1 | 3.8 | 3.4 | 4.4 | 5.7 | 4.9 | 4.6 | 7.7 | 19.0 | 4.6 |
| China | 5.3 | 4.2 | 3.6 | 5.0 | 4.1 | 3.6 | 3.5 | 3.1 | 3.7 | 3.2 | 3.4 | 3.5 | 4.2 |
| Hong Kong | 3.2 | 3.6 | 3.4 | 3.4 | 3.4 | 3.5 | 4.3 | 3.4 | 4.1 | 2.8 | 2.9 | 3.4 | 4.2 |
| Singapore | 4.3 | 3.5 | 3.7 | 4.6 | 3.3 | 4.3 | 4.0 | 3.4 | 3.5 | 4.1 | 3.4 | 3.5 | 3.5 |
| Germany | 3.1 | 3.1 | 3.1 | 3.1 | 3.1 | 3.1 | 3.1 | 2.6 | 2.6 | 2.6 | 2.6 | 2.6 | 3.0 |
| Turkey | 3.5 | 5.0 | 3.7 | 3.1 | 3.1 | 3.6 | 3.6 | 3.4 | 2.6 | 3.9 | 2.6 | 3.5 | 2.8 |
| Bangladesh | 8.4 | 4.7 | 6.3 | 3.1 | 3.3 | 3.1 | 3.1 | 2.6 | 3.7 | 2.6 | 2.8 | 2.6 | 2.6 |
| Cambodia | N/A | 3.1 | 3.1 | 3.1 | N/A | 3.3 | 3.1 | N/A | 2.6 | N/A | N/A | N/A | 2.6 |
| Average | 4.1 | 3.9 | 3.8 | 4.1 | 3.7 | 3.9 | 4.0 | 3.7 | 3.8 | 3.5 | 3.6 | 3.5 | 3.9 |
Japan Industrial Sewing Machine Export Prices by Type
As there is only one major exported type of industrial sewing machine, the average price level is determined by prices for industrial sewing machines (non-automatic).
From February 2022 to February 2023, the rate of growth in terms of prices for industrial automatic sewing machine amounted to 0.0% per month.
Japan Industrial Sewing Machine Exports
Industrial sewing machine exports from Japan soared to 4.3K units in February 2023, growing by 22% on the previous month's figure. Overall, exports, however, continue to indicate a slight slump. The pace of growth was the most pronounced in June 2022 with an increase of 38% against the previous month. Over the period under review, the exports hit record highs at 6.1K units in March 2022; afterwards, it flattened through to February 2023.
In value terms, industrial sewing machine exports surged to $17M (IndexBox estimates) in February 2023. Over the period under review, exports, however, continue to indicate a slight reduction. The most prominent rate of growth was recorded in December 2022 with an increase of 38% month-to-month. The exports peaked at 24M units in March 2022; however, from April 2022 to February 2023, the exports failed to regain momentum.
Japan Industrial Sewing Machine Exports by Type
Industrial sewing machines (non-automatic) (4.3K units) was the largest type of industrial sewing machine exported from Japan, with a approximately 100% share of total exports.
From February 2022 to February 2023, the average monthly rate of growth in terms of the volume of export of industrial sewing machines (non-automatic) amounted to -1.0%.
In value terms, the most traded types of industrial sewing machines in Japan were industrial sewing machines (non-automatic) ($11M) and industrial automatic sewing machines ($5.9M).
Among the main product categories, industrial automatic sewing machine, with a CAGR of +1.1%, saw the highest rates of growth with regard to the value of exports, over the period under review.
Japan Industrial Sewing Machine Exports by Country
Singapore (1.4K units) was the main destination for industrial sewing machine exports from Japan, with a 33% share of total exports. Moreover, industrial sewing machine exports to Singapore exceeded the volume sent to the second major destination, Turkey (457 units), threefold. Cambodia (382 units) ranked third in terms of total exports with an 8.8% share.
From February 2022 to February 2023, the average monthly growth rate of volume to Singapore totaled +1.5%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Turkey (+3.9% per month) and Cambodia (+0.2% per month).
In value terms, Singapore ($5M) remains the key foreign market for industrial sewing machine exports from Japan, comprising 29% of total exports. The second position in the ranking was taken by the United States ($2.4M), with a 14% share of total exports. It was followed by the Netherlands, with an 8.1% share.
From February 2022 to February 2023, the average monthly growth rate of value to Singapore was relatively modest. Exports to the other major destinations recorded the following average monthly rates of exports growth: the United States (-2.0% per month) and the Netherlands (+4.4% per month).
This report provides an in-depth analysis of the industrial sewing machine market in Japan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28942430 - Industrial automatic sewing machines (excluding book-sewing machines)
- Prodcom 28942450 - Industrial sewing machines (excluding book-sewing machines, automatic machines)
Country coverage:
- Japan
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Japan
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
