Denmark: Market for Industrial Sewing Machines (Non-Automatic) 2024

Market Size for Industrial Sewing Machines (Non-Automatic) in Denmark

The Danish industrial sewing machines (non-automatic) market skyrocketed to $X in 2022, increasing by 86% against the previous year. Overall, the total consumption indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Industrial Sewing Machines (Non-Automatic) in Denmark

In value terms, industrial sewing machines (non-automatic) production dropped to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by 21%. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Exports of Industrial Sewing Machines (Non-Automatic)

Exports from Denmark

In 2022, approx. X units of industrial sewing machines (non-automatic) were exported from Denmark; rising by 109% compared with the year before. Over the period under review, exports posted buoyant growth. The most prominent rate of growth was recorded in 2015 when exports increased by 1,105%. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, industrial sewing machines (non-automatic) exports reduced markedly to $X in 2022. Overall, exports, however, continue to indicate a perceptible curtailment. The pace of growth was the most pronounced in 2014 with an increase of 103%. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Mexico (X units) was the main destination for industrial sewing machines (non-automatic) exports from Denmark, accounting for a 79% share of total exports. Moreover, industrial sewing machines (non-automatic) exports to Mexico exceeded the volume sent to the second major destination, Iceland (X units), eightfold. Algeria (X units) ranked third in terms of total exports with a 3.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Mexico totaled +70.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iceland (+9.8% per year) and Algeria (+49.6% per year).

In value terms, Mexico ($X) emerged as the key foreign market for industrial sewing machines (non-automatic) exports from Denmark, comprising 54% of total exports. The second position in the ranking was held by Switzerland ($X), with a 24% share of total exports. It was followed by Iceland, with a 3.3% share.

From 2012 to 2022, the average annual growth rate of value to Mexico amounted to -5.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+90.1% per year) and Iceland (-14.2% per year).

Export Prices by Country

The average industrial sewing machines (non-automatic) export price stood at $X per unit in 2022, reducing by -71.1% against the previous year. Overall, the export price recorded a deep contraction. The most prominent rate of growth was recorded in 2018 when the average export price increased by 292% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Ukraine ($X per unit), while the average price for exports to Brunei Darussalam ($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 Switzerland (+35.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Industrial Sewing Machines (Non-Automatic)

Imports into Denmark

In 2022, industrial sewing machines (non-automatic) imports into Denmark skyrocketed to X units, with an increase of 171% against the year before. Over the period under review, imports continue to indicate resilient growth. Over the period under review, imports attained the maximum at X units in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, industrial sewing machines (non-automatic) imports skyrocketed to $X in 2022. Overall, imports saw a buoyant expansion. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Vietnam (X units), Poland (X units) and the Netherlands (X units) were the main suppliers of industrial sewing machines (non-automatic) imports to Denmark, together comprising 75% of total imports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +101.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest industrial sewing machines (non-automatic) suppliers to Denmark were the Netherlands ($X), Germany ($X) and Poland ($X), with a combined 62% share of total imports.

Among the main suppliers, Poland, with a CAGR of +65.9%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average industrial sewing machines (non-automatic) import price stood at $X per unit in 2022, approximately equating the previous year. Overall, the import price saw a noticeable decrease. The growth pace was the most rapid in 2018 an increase of 73% against the previous year. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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