Belgium: Industrial Sewing Machine Market 2024

Industrial Sewing Machine Market Size in Belgium

The Belgian industrial sewing machine market shrank remarkably to $X in 2022, with a decrease of -46% against the previous year. In general, consumption saw a abrupt downturn. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Industrial Sewing Machine Production in Belgium

In value terms, industrial sewing machine production reduced rapidly to $X in 2022 estimated in export price. In general, production faced a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 117% against the previous year. Industrial sewing machine production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Industrial Sewing Machine Exports

Exports from Belgium

Industrial sewing machine exports from Belgium fell dramatically to X units in 2022, shrinking by -59% compared with 2021 figures. Over the period under review, exports recorded a slight contraction. The pace of growth appeared the most rapid in 2021 with an increase of 72% against the previous year. As a result, the exports reached the peak of X units, and then declined remarkably in the following year.

In value terms, industrial sewing machine exports reduced rapidly to $X in 2022. Overall, exports showed a abrupt descent. The pace of growth appeared the most rapid in 2021 with an increase of 107%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

The Netherlands (X units) was the main destination for industrial sewing machine exports from Belgium, with a 32% share of total exports. Moreover, industrial sewing machine exports to the Netherlands exceeded the volume sent to the second major destination, the United Arab Emirates (X units), threefold. The third position in this ranking was taken by Poland (X units), with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands totaled +12.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+23.7% per year) and Poland (-0.5% per year).

In value terms, the Netherlands ($X) emerged as the key foreign market for industrial sewing machines exports from Belgium, comprising 31% of total exports. The second position in the ranking was held by the United States ($X), with a 6.6% share of total exports. It was followed by Turkey, with a 5.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Netherlands totaled +2.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+6.4% per year) and Turkey (+12.7% per year).

Export Prices by Country

The average industrial sewing machine export price stood at $X per unit in 2022, shrinking by -12% against the previous year. Overall, the export price continues to indicate a deep setback. The pace of growth appeared the most rapid in 2014 when the average export price increased by 24% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-2.7%), while the prices for the other major destinations experienced a decline.

Industrial Sewing Machine Imports

Imports into Belgium

In 2022, supplies from abroad of industrial sewing machines decreased by -68.9% to X units, falling for the second year in a row after two years of growth. Overall, imports, however, saw a mild increase. The pace of growth appeared the most rapid in 2014 when imports increased by 146%. Over the period under review, imports hit record highs at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, industrial sewing machine imports declined remarkably to $X in 2022. Over the period under review, imports showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2020 when imports increased by 150% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Japan (X units), Germany (X units) and the Netherlands (X units) were the main suppliers of industrial sewing machine imports to Belgium, together accounting for 61% of total imports. Taiwan (Chinese), Croatia, China, Poland and the United States lagged somewhat behind, together comprising a further 36%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Croatia (with a CAGR of +43.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and Poland ($X) appeared to be the largest industrial sewing machine suppliers to Belgium, together accounting for 61% of total imports.

In terms of the main suppliers, Poland, with a CAGR of +32.6%, recorded 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 2022, the average industrial sewing machine import price amounted to $X per unit, almost unchanged from the previous year. In general, the import price, however, continues to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2013 when the average import price increased by 23%. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (-1.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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