China: Household Sewing Machine Market 2024

Household Sewing Machine Market Size in China

The Chinese household sewing machine market dropped notably to $X in 2021, waning by -44.4% against the previous year. Overall, consumption recorded a drastic downturn. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Household Sewing Machine Production in China

In value terms, household sewing machine production fell to $X in 2021 estimated in export price. In general, production recorded a mild decrease. The pace of growth appeared the most rapid in 2020 when the production volume increased by 28%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Household Sewing Machine Exports

Exports from China

In 2021, shipments abroad of household sewing machines increased by 2.1% to X units, rising for the fourth consecutive year after three years of decline. Overall, total exports indicated tangible growth from 2012 to 2021: its volume increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +113.4% against 2017 indices. The pace of growth was the most pronounced in 2020 with an increase of 50% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to see steady growth in years to come.

In value terms, household sewing machine exports skyrocketed to $X in 2021. In general, exports, however, continue to indicate a mild decrease. The pace of growth appeared the most rapid in 2020 with an increase of 56% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X units), the United States (X units) and Bangladesh (X units) were the main destinations of household sewing machine exports from China, together comprising 28% of total exports. Mexico, Germany, Indonesia, Japan, Nigeria, Brazil, Turkey, Poland, France and Russia lagged somewhat behind, together comprising a further 34%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +38.5%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Japan ($X) and Poland ($X) constituted the largest markets for household sewing machine exported from China worldwide, together comprising 30% of total exports.

Poland, with a CAGR of +43.1%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average household sewing machine export price stood at $X per unit in 2021, picking up by 16% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2016 an increase of 18% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per unit), while the average price for exports to Mexico ($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 Nigeria (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.

Household Sewing Machine Imports

Imports into China

After three years of growth, supplies from abroad of household sewing machines decreased by -20% to X units in 2021. Over the period under review, imports, however, enjoyed a remarkable increase. The pace of growth was the most pronounced in 2014 with an increase of 177% against the previous year. Over the period under review, imports attained the peak figure at X units in 2020, and then fell rapidly in the following year.

In value terms, household sewing machine imports plummeted to $X in 2021. In general, imports, however, continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2014 with an increase of 143%. Over the period under review, imports attained the peak figure at $X in 2020, and then shrank rapidly in the following year.

Imports by Country

In 2021, Vietnam (X units) was the main supplier of household sewing machine to China, with a 93% share of total imports. Moreover, household sewing machine imports from Vietnam exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Vietnam amounted to +21.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+2.7% per year) and Thailand (-4.2% per year).

In value terms, Vietnam ($X) constituted the largest supplier of household sewing machines to China, comprising 85% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 10% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Vietnam stood at +23.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+5.7% per year) and Thailand (+0.2% per year).

Import Prices by Country

In 2021, the average household sewing machine import price amounted to $X per unit, with an increase of 1.6% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 25% against the previous year. The import price peaked at $X per unit in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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