Czech Republic: Industrial Sewing Machine Market 2024

Industrial Sewing Machine Market Size in the Czech Republic

The Czech industrial sewing machine market soared to $X in 2022, increasing by 222% against the previous year. Over the period under review, consumption continues to indicate pronounced growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Industrial Sewing Machine Production in the Czech Republic

In value terms, industrial sewing machine production reduced to $X in 2022 estimated in export price. Over the period under review, production, however, showed a abrupt curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 25% against the previous year. Industrial sewing machine production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Industrial Sewing Machine Exports

Exports from the Czech Republic

In 2022, overseas shipments of industrial sewing machines increased by 17% to X units, rising for the second year in a row after three years of decline. Over the period under review, total exports indicated a slight increase from 2012 to 2022: its volume increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +82.5% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 56% against the previous year. Over the period under review, the exports attained the maximum at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, industrial sewing machine exports surged to $X in 2022. The total export value increased at an average annual rate of +2.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 35%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X units) was the main destination for industrial sewing machine exports from the Czech Republic, with a 87% share of total exports. It was followed by Poland (X units), with a 1.9% share of total exports. The Netherlands (X units) ranked third in terms of total exports with a 1.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany amounted to +3.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-4.9% per year) and the Netherlands (-8.5% per year).

In value terms, Germany ($X) remains the key foreign market for industrial sewing machines exports from the Czech Republic, comprising 86% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 1.9% share of total exports. It was followed by Poland, with a 1.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany stood at +3.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-7.3% per year) and Poland (+2.9% per year).

Export Prices by Country

The average industrial sewing machine export price stood at $X per unit in 2022, leveling off at the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 21%. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to Slovakia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Sewing Machine Imports

Imports into the Czech Republic

After two years of growth, purchases abroad of industrial sewing machines decreased by -2.7% to X units in 2022. Over the period under review, imports, however, showed resilient growth. The growth pace was the most rapid in 2021 with an increase of 53% against the previous year. As a result, imports reached the peak of X units, and then dropped modestly in the following year.

In value terms, industrial sewing machine imports fell sharply to $X in 2022. In general, total imports indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +47.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 83%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest industrial sewing machine supplier to the Czech Republic, with a 76% share of total imports. Moreover, industrial sewing machine imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), tenfold. Poland (X units) ranked third in terms of total imports with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +11.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-0.6% per year) and Poland (+19.9% per year).

In value terms, China ($X), Germany ($X) and Poland ($X) constituted the largest industrial sewing machine suppliers to the Czech Republic, with a combined 76% share of total imports.

In terms of the main suppliers, Poland, with a CAGR of +26.9%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average industrial sewing machine import price amounted to $X per unit, shrinking by -17.3% against the previous year. Over the period under review, the import price continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2013 an increase of 23% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Slovenia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+17.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :