Benelux: Industrial Sewing Machine Market 2024

Industrial Sewing Machine Market Size in Benelux

In 2022, the Benelux industrial sewing machine market decreased by -55.1% to $X, falling for the third year in a row after two years of growth. Over the period under review, consumption showed a abrupt decrease. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Industrial Sewing Machine Production in Benelux

In value terms, industrial sewing machine production dropped rapidly to $X in 2022 estimated in export price. Overall, production recorded a drastic downturn. The most prominent rate of growth was recorded in 2021 when the production volume increased by 86%. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Industrial Sewing Machine Exports

Exports in Benelux

In 2022, the amount of industrial sewing machines exported in Benelux fell markedly to X units, with a decrease of -18.8% on the year before. In general, exports recorded a mild decrease. The most prominent rate of growth was recorded in 2021 with an increase of 52% against the previous year. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, industrial sewing machine exports shrank sharply to $X in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by 38%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The Netherlands represented the key exporter of industrial sewing machines in Benelux, with the volume of exports amounting to X units, which was approx. 87% of total exports in 2022. It was distantly followed by Belgium (X units), constituting a 13% share of total exports.

The Netherlands experienced a relatively flat trend pattern with regard to volume of exports of industrial sewing machines. Belgium (-1.4%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) remains the largest industrial sewing machine supplier in Benelux, comprising 94% of total exports. The second position in the ranking was held by Belgium ($X), with a 6% share of total exports.

In the Netherlands, industrial sewing machine exports remained relatively stable over the period from 2012-2022.

Export Prices by Country

The export price in Benelux stood at $X per unit in 2022, growing by 3.1% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the export price increased by 50%. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: 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 (+1.0%).

Industrial Sewing Machine Imports

Imports in Benelux

In 2022, purchases abroad of industrial sewing machines decreased by -39.3% to X units, falling for the second year in a row after three years of growth. Overall, imports, however, continue to indicate a temperate expansion. The pace of growth was the most pronounced in 2014 with an increase of 43% against the previous year. The volume of import peaked at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, industrial sewing machine imports declined markedly to $X in 2022. Over the period under review, imports recorded a perceptible reduction. The growth pace was the most rapid in 2016 with an increase of 67%. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The Netherlands dominates imports structure, reaching X units, which was approx. 90% of total imports in 2022. It was distantly followed by Belgium (X units), comprising a 9.9% share of total imports.

The Netherlands was also the fastest-growing in terms of the industrial sewing machines imports, with a CAGR of +4.8% from 2012 to 2022. At the same time, Belgium (+1.1%) displayed positive paces of growth. While the share of the Netherlands (+3.6 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Belgium (-3.7 p.p.) displayed negative dynamics.

In value terms, the Netherlands ($X) constitutes the largest market for imported industrial sewing machines in Benelux, comprising 94% of total imports. The second position in the ranking was held by Belgium ($X), with a 5.6% share of total imports.

In the Netherlands, industrial sewing machine imports plunged by an average annual rate of -1.6% over the period from 2012-2022.

Import Prices by Country

The import price in Benelux stood at $X per unit in 2022, falling by -21.1% against the previous year. In general, the import price showed a abrupt downturn. The pace of growth appeared the most rapid in 2016 an increase of 24% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2018; however, from 2019 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 totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (-6.1%).

Source: IndexBox Platform