Belgium: Household Sewing Machine Market 2024

Household Sewing Machine Market Size in Belgium

In 2021, the Belgian household sewing machine market decreased by -19.3% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, consumption showed a perceptible decline. Household sewing machine consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Household Sewing Machine Exports

Exports from Belgium

In 2021, exports of household sewing machines from Belgium reduced sharply to X units, with a decrease of -65.8% on 2020. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 6,714%. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, household sewing machine exports contracted rapidly to $X in 2021. Over the period under review, exports continue to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 6,173%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X units), France (X units) and Germany (X units) were the main destinations of household sewing machine exports from Belgium, with a combined 86% share of total exports. Hungary and Nigeria lagged somewhat behind, together comprising a further 5.1%.

From 2012 to 2021, the biggest increases were recorded for Nigeria (with a CAGR of +113.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) remains the key foreign market for household sewing machines exports from Belgium, comprising 63% of total exports. The second position in the ranking was taken by France ($X), with a 23% share of total exports. It was followed by Germany, with an 8.5% share.

From 2012 to 2021, the average annual growth rate of value to the Netherlands stood at +102.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-15.7% per year) and Germany (-11.6% per year).

Export Prices by Country

The average household sewing machine export price stood at $X per unit in 2021, increasing by 30% against the previous year. Overall, the export price, however, continues to indicate a pronounced descent. Over the period under review, the average export prices attained the maximum at $X per unit in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Hungary ($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 Hungary (+44.8%), while the prices for the other major destinations experienced mixed trend patterns.

Household Sewing Machine Imports

Imports into Belgium

In 2021, after two years of growth, there was significant decline in overseas purchases of household sewing machines, when their volume decreased by -57.3% to X units. In general, imports, however, continue to indicate a prominent increase. The pace of growth was the most pronounced in 2020 with an increase of 479%. Imports peaked at X units in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, household sewing machine imports dropped dramatically to $X in 2021. Over the period under review, imports, however, posted a temperate increase. The most prominent rate of growth was recorded in 2020 when imports increased by 210% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Vietnam (X units), China (X units) and Germany (X units) were the main suppliers of household sewing machine imports to Belgium, with a combined 74% share of total imports. These countries were followed by the Netherlands, France, Poland and Thailand, which together accounted for a further 22%.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +94.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest household sewing machine suppliers to Belgium were Vietnam ($X), the Netherlands ($X) and China ($X), together comprising 63% of total imports. Germany, Thailand, France and Poland lagged somewhat behind, together comprising a further 33%.

In terms of the main suppliers, Thailand, with a CAGR of +86.1%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average household sewing machine import price amounted to $X per unit, growing by 78% against the previous year. Over the period under review, the import price, however, showed a slight shrinkage. Over the period under review, average import prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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