Benelux: Market for Industrial Automatic Sewing Machines 2024

Market Size for Industrial Automatic Sewing Machines in Benelux

The Benelux industrial automatic sewing machine market expanded significantly to $X in 2022, increasing by 15% against the previous year. Over the period under review, consumption showed buoyant growth. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Industrial Automatic Sewing Machines in Benelux

In value terms, industrial automatic sewing machine production soared to $X in 2022 estimated in export price. Overall, production enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 153% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Industrial Automatic Sewing Machines

Exports in Benelux

In 2022, exports of industrial automatic sewing machines in Benelux surged to X units, picking up by 16% against 2021. Overall, exports posted a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 786% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, industrial automatic sewing machine exports amounted to $X in 2022. Over the period under review, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 159%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

The biggest shipments were from Belgium (X units) and the Netherlands (X units), together amounting to 100% of total export.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Belgium (with a CAGR of +41.1%).

In value terms, the Netherlands ($X) remains the largest industrial automatic sewing machine supplier in Benelux, comprising 88% of total exports. The second position in the ranking was taken by Belgium ($X), with an 11% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the Netherlands totaled +33.9%.

Export Prices by Country

The export price in Benelux stood at $X per unit in 2022, reducing by -13.1% against the previous year. Overall, the export price recorded a noticeable setback. The pace of growth was the most pronounced in 2016 when the export price increased by 88%. Over the period under review, the export prices attained the maximum at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

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 the Netherlands ($X per unit), while Belgium amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+6.5%).

Imports of Industrial Automatic Sewing Machines

Imports in Benelux

Industrial automatic sewing machine imports fell to X units in 2022, with a decrease of -1.7% compared with the previous year. Over the period under review, imports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2015 when imports increased by 210% against the previous year. As a result, imports attained the peak of X units. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, industrial automatic sewing machine imports declined significantly to $X in 2022. In general, imports, however, recorded strong growth. The most prominent rate of growth was recorded in 2019 when imports increased by 342% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The Netherlands was the largest importer of industrial automatic sewing machines in Benelux, with the volume of imports resulting at X units, which was near 82% of total imports in 2022. It was distantly followed by Belgium (X units), comprising an 18% share of total imports.

The Netherlands was also the fastest-growing in terms of the industrial automatic sewing machines imports, with a CAGR of +14.7% from 2012 to 2022. At the same time, Belgium (+6.2%) displayed positive paces of growth. While the share of the Netherlands (+14 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Belgium (-13.9 p.p.) displayed negative dynamics.

In value terms, the Netherlands ($X) constitutes the largest market for imported industrial automatic sewing machines in Benelux, comprising 96% of total imports. The second position in the ranking was held by Belgium ($X), with a 4% share of total imports.

In the Netherlands, industrial automatic sewing machine imports expanded at an average annual rate of +24.0% over the period from 2012-2022.

Import Prices by Country

The import price in Benelux stood at $X per unit in 2022, reducing by -31.5% against the previous year. Overall, the import price, however, continues to indicate perceptible growth. The growth pace was the most rapid in 2016 an increase of 461% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Netherlands ($X per unit), while Belgium stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+8.1%).

Source: IndexBox Platform