Report Update Nov 1, 2024

Bangladesh - Household Sewing Machines - Market Analysis, Forecast, Size, Trends and Insights

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Bangladesh: Household Sewing Machine Market 2024

Household Sewing Machine Market Size in Bangladesh

For the fourth consecutive year, the Bangladeshi household sewing machine market recorded growth in sales value, which increased by 17% to $X in 2021. Over the period under review, consumption showed prominent growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Household Sewing Machine Exports

Exports from Bangladesh

Household sewing machine exports from Bangladesh reduced sharply to X units in 2021, with a decrease of -53.4% against the previous year. Over the period under review, exports, however, posted a prominent increase. The growth pace was the most rapid in 2014 when exports increased by 1,675% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, household sewing machine exports reduced sharply to $X in 2021. Overall, exports showed a deep contraction. The pace of growth was the most pronounced in 2014 with an increase of 2,209%. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Qatar (X units) was the main destination for household sewing machine exports from Bangladesh, with a 81% share of total exports. Moreover, household sewing machine exports to Qatar exceeded the volume sent to the second major destination, Luxembourg (X units), sevenfold.

From 2012 to 2021, the average annual growth rate of volume to Qatar stood at +41.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Luxembourg (-62.5% per year) and Tanzania (0.0% per year).

In value terms, Qatar ($X) remains the key foreign market for household sewing machines exports from Bangladesh, comprising 78% of total exports. The second position in the ranking was held by Luxembourg ($X), with an 11% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Qatar stood at +34.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Luxembourg (-90.7% per year) and Tanzania (-6.4% per year).

Export Prices by Country

The average household sewing machine export price stood at $X per unit in 2021, reducing by -79.4% against the previous year. Overall, the export price continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2020 when the average export price increased by 122% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Tanzania ($X per unit), while the average price for exports to Qatar ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (-3.6%), while the prices for the other major destinations experienced a decline.

Household Sewing Machine Imports

Imports into Bangladesh

In 2021, the amount of household sewing machines imported into Bangladesh rose remarkably to X units, growing by 8.4% against the previous year. In general, imports enjoyed resilient growth. The most prominent rate of growth was recorded in 2016 with an increase of 18%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, household sewing machine imports surged to $X in 2021. Overall, imports showed resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) was the main household sewing machine supplier to Bangladesh, accounting for a 90% share of total imports. Moreover, household sewing machine imports from China exceeded the figures recorded by the second-largest supplier, India (X units), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +8.6%.

In value terms, China ($X) constituted the largest supplier of household sewing machines to Bangladesh, comprising 91% of total imports. The second position in the ranking was taken by India ($X), with a 5.5% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +9.9%.

Import Prices by Country

The average household sewing machine import price stood at $X per unit in 2021, increasing by 10% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 13%. The import price peaked in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per unit), while the price for India totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+10.3%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for household sewing machines in the world?

Vietnam constituted the country with the largest volume of household sewing machine consumption, comprising approx. 32% of total volume. Moreover, household sewing machine consumption in Vietnam exceeded the figures recorded by the second-largest consumer, the United States, threefold. Taiwan Chinese) ranked third in terms of total consumption with a 5.9% share.

What are the largest producers of household sewing machines in the world?

The countries with the highest volumes of household sewing machine production in 2020 were Vietnam, China and Taiwan Chinese), together accounting for 87% of global production.

What are the leading suppliers of household sewing machines to Bangladesh?

In value terms, China constituted the largest supplier of household sewing machine to Bangladesh, comprising 93% of total imports. The second position in the ranking was occupied by India, with a 5.5% share of total imports.

What are the leading importers of household sewing machines from Bangladesh?

In value terms, Spain, Austria and Luxembourg $770) were the largest markets for household sewing machine exported from Bangladesh worldwide, with a combined 91% share of total exports. These countries were followed by Tanzania, Ethiopia, Thailand and Qatar, which together accounted for a further 9.4%.

What is the average export price for household sewing machines in Bangladesh?

In 2020, the average household sewing machine export price amounted to $96 per unit, increasing by 136% against the previous year.

What is the average import price for household sewing machines in Bangladesh?

In 2020, the average household sewing machine import price amounted to $26 per unit, with an increase of 23% against the previous year.

This report provides an in-depth analysis of the household sewing machine market in Bangladesh. 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 28944000 - Domestic sewing machines (excluding furniture, bases and covers)

Country coverage:

Bangladesh

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Bangladesh
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023