Report Update Nov 1, 2024

Colombia - Household Sewing Machines - Market Analysis, Forecast, Size, Trends and Insights

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Colombia: Household Sewing Machine Market 2024

Household Sewing Machine Market Size in Colombia

The Colombian household sewing machine market skyrocketed to $X in 2021, with an increase of 164% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a tangible increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Household Sewing Machine Exports

Exports from Colombia

In 2021, household sewing machine exports from Colombia dropped notably to X units, which is down by -25.4% compared with 2020 figures. Over the period under review, exports recorded a deep contraction. The pace of growth appeared the most rapid in 2014 with an increase of 1,050%. The exports peaked at X units in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, household sewing machine exports contracted to $X in 2021. Overall, exports recorded a deep setback. The most prominent rate of growth was recorded in 2014 with an increase of 1,229% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Ecuador (X units) and Peru (X units) were the main destinations of household sewing machine exports from Colombia.

From 2012 to 2021, the biggest increases were recorded for Peru (with a CAGR of +15.5%).

In value terms, Ecuador ($X), Peru ($X) and the United States ($X) constituted the largest markets for household sewing machine exported from Colombia worldwide, with a combined 21% share of total exports.

Among the main countries of destination, Peru, with a CAGR of +8.2%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average household sewing machine export price stood at $X per unit in 2021, growing by 25% against the previous year. Overall, the export price, however, continues to indicate a abrupt descent. The pace of growth was the most pronounced in 2016 an increase of 83%. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Peru ($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 the United States (+23.2%), while the prices for the other major destinations experienced a decline.

Household Sewing Machine Imports

Imports into Colombia

In 2021, approx. X units of household sewing machines were imported into Colombia; with an increase of 149% on the previous year. Overall, imports showed a noticeable increase. Over the period under review, imports hit record highs at X units in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, household sewing machine imports skyrocketed to $X in 2021. In general, imports posted a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest supplier of household sewing machine to Colombia, with a 70% share of total imports. Moreover, household sewing machine imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X units), fourfold.

From 2012 to 2021, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+3.7% per year) and Taiwan (Chinese) (-15.5% per year).

In value terms, the largest household sewing machine suppliers to Colombia were Vietnam ($X), China ($X) and Taiwan (Chinese) ($X), with a combined 72% share of total imports.

In terms of the main suppliers, Vietnam, with a CAGR of +9.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average household sewing machine import price amounted to $X per unit, rising by 8.9% against the previous year. Over the last nine years, it increased at an average annual rate of +3.4%. The pace of growth was the most pronounced in 2015 when the average import price increased by 28% against the previous year. Over the period under review, average import prices reached the maximum 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) ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+8.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for household sewing machines in the world?

Vietnam remains the largest household sewing machine consuming country worldwide, accounting for 32% of total volume. Moreover, household sewing machine consumption in Vietnam exceeded the figures recorded by the second-largest consumer, the United States, threefold. Taiwan Chinese) ranked third in terms of total consumption with a 5.9% share.

What are the largest producers of household sewing machines in the world?

The countries with the highest volumes of household sewing machine production in 2020 were Vietnam, China and Taiwan Chinese), together accounting for 87% of global production.

What are the leading suppliers of household sewing machines to Colombia?

In value terms, the largest household sewing machine suppliers to Colombia were Vietnam, China and the United States, together accounting for 92% of total imports.

What are the leading importers of household sewing machines from Colombia?

In value terms, Panama $573), Cuba $360) and the United States $151) appeared to be the largest markets for household sewing machine exported from Colombia worldwide.

What is the average export price for household sewing machines in Colombia?

In 2020, the average household sewing machine export price amounted to $77 per unit, jumping by 31% against the previous year.

What is the average import price for household sewing machines in Colombia?

The average household sewing machine import price stood at $45 per unit in 2020, declining by -10.2% against the previous year.

This report provides an in-depth analysis of the household sewing machine market in Colombia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28944000 - Domestic sewing machines (excluding furniture, bases and covers)

Country coverage:

Colombia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Colombia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023