Benelux: Sewing Machine Furniture Market 2024

Sewing Machine Furniture Market Size in Benelux

The Benelux sewing machine furniture market dropped sharply to $X in 2022, shrinking by -17% against the previous year. In general, consumption, however, showed significant growth. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Sewing Machine Furniture Production in Benelux

In value terms, sewing machine furniture production contracted to $X in 2022 estimated in export price. Overall, production, however, showed significant growth. The pace of growth appeared the most rapid in 2017 when the production volume increased by 138%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Sewing Machine Furniture Exports

Exports in Benelux

In 2022, after two years of growth, there was significant decline in shipments abroad of furniture, bases and covers for sewing machines, when their volume decreased by -36.7% to X tons. In general, exports showed a pronounced setback. The most prominent rate of growth was recorded in 2016 with an increase of 40% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, sewing machine furniture exports contracted sharply to $X in 2022. Over the period under review, exports showed a deep slump. The growth pace was the most rapid in 2016 when exports increased by 43%. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands represented the main exporting country with an export of around X tons, which finished at 87% of total exports. It was distantly followed by Belgium (X tons), comprising a 13% share of total exports.

The Netherlands was also the fastest-growing in terms of the furniture, bases and covers for sewing machines exports, with a CAGR of -1.4% from 2012 to 2022. Belgium (-9.6%) illustrated a downward trend over the same period. The Netherlands (+13 p.p.) significantly strengthened its position in terms of the total exports, while Belgium saw its share reduced by -13.1% from 2012 to 2022, respectively.

In value terms, the Netherlands ($X) remains the largest sewing machine furniture supplier in Benelux, comprising 72% of total exports. The second position in the ranking was held by Belgium ($X), with a 28% share of total exports.

In the Netherlands, sewing machine furniture exports shrank by an average annual rate of -2.0% over the period from 2012-2022.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2022, dropping by -12.7% against the previous year. Over the period under review, the export price saw a perceptible contraction. The most prominent rate of growth was recorded in 2021 an increase of 27% against the previous year. The level of export peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the Netherlands stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (-0.6%).

Sewing Machine Furniture Imports

Imports in Benelux

After four years of growth, purchases abroad of furniture, bases and covers for sewing machines decreased by -69.9% to X tons in 2022. Over the period under review, imports faced a drastic downturn. The pace of growth was the most pronounced in 2016 when imports increased by 38% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, sewing machine furniture imports fell rapidly to $X in 2022. In general, imports recorded a abrupt decline. The pace of growth was the most pronounced in 2016 with an increase of 47% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The Netherlands represented the key importing country with an import of around X tons, which resulted at 69% of total imports. It was distantly followed by Belgium (X tons), comprising a 30% share of total imports.

Imports into the Netherlands decreased at an average annual rate of -10.3% from 2012 to 2022. Belgium (-9.8%) illustrated a downward trend over the same period. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, the largest sewing machine furniture importing markets in Benelux were the Netherlands ($X) and Belgium ($X).

In terms of the main importing countries, Belgium, with a CAGR of -7.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

The import price in Benelux stood at $X per ton in 2022, surging by 21% against the previous year. Over the last decade, it increased at an average annual rate of +3.2%. The pace of growth appeared the most rapid in 2015 when the import price increased by 29%. The level of import peaked at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while the Netherlands stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.3%).

Source: IndexBox Platform