ASEAN: Household Sewing Machine Market 2024

Household Sewing Machine Market Size in ASEAN

The ASEAN household sewing machine market contracted to $X in 2021, reducing by -5.5% against the previous year. Overall, consumption, however, showed a noticeable slump. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Household Sewing Machine Production in ASEAN

In value terms, household sewing machine production plummeted to $X in 2021 estimated in export price. The total production indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +33.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 66% against the previous year. As a result, production attained the peak level of $X, and then dropped remarkably in the following year.

Household Sewing Machine Exports

Exports in ASEAN

In 2021, exports of household sewing machines in ASEAN soared to X units, picking up by 21% compared with 2020 figures. Overall, exports enjoyed a buoyant increase. The growth pace was the most rapid in 2020 with an increase of 114% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in years to come.

In value terms, household sewing machine exports soared to $X in 2021. In general, exports enjoyed a resilient increase. The growth pace was the most rapid in 2020 with an increase of 85% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Vietnam represented the major exporting country with an export of around X units, which finished at 86% of total exports. It was distantly followed by Thailand (X units), comprising a 13% share of total exports.

Vietnam was also the fastest-growing in terms of the household sewing machines exports, with a CAGR of +16.5% from 2012 to 2021. Thailand experienced a relatively flat trend pattern. From 2012 to 2021, the share of Vietnam increased by +23 percentage points.

In value terms, Vietnam ($X) remains the largest household sewing machine supplier in ASEAN, comprising 85% of total exports. The second position in the ranking was held by Thailand ($X), with a 15% share of total exports.

In Vietnam, household sewing machine exports increased at an average annual rate of +17.1% over the period from 2012-2021.

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2021, picking up by 1.9% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the export price increased by 24% against the previous year. The level of export peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Thailand ($X per unit), while Vietnam totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+2.3%).

Household Sewing Machine Imports

Imports in ASEAN

In 2021, imports of household sewing machines in ASEAN surged to X units, rising by 34% on 2020 figures. Overall, imports recorded resilient growth. The growth pace was the most rapid in 2016 when imports increased by 188%. As a result, imports attained the peak of X units. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, household sewing machine imports soared to $X in 2021. In general, imports continue to indicate a moderate increase. The pace of growth was the most pronounced in 2016 when imports increased by 81% against the previous year. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Myanmar (X units) and Malaysia (X units) represented roughly 68% of total imports in 2021. Singapore (X units) took the next position in the ranking, distantly followed by Indonesia (X units) and Thailand (X units). All these countries together took near 28% share of total imports. The Philippines (X units) took a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Myanmar (with a CAGR of +34.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest household sewing machine importing markets in ASEAN were Malaysia ($X), Indonesia ($X) and Myanmar ($X), with a combined 78% share of total imports.

Myanmar, with a CAGR of +19.4%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in ASEAN stood at $X per unit in 2021, waning by -11.6% against the previous year. Over the period under review, the import price faced a drastic downturn. The pace of growth appeared the most rapid in 2017 when the import price increased by 49%. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Indonesia ($X per unit), while Myanmar ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+3.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform