Denmark: Industrial Sewing Machine Market 2024

Industrial Sewing Machine Market Size in Denmark

The Danish industrial sewing machine market surged to $X in 2022, with an increase of 27% against the previous year. In general, consumption, however, showed a noticeable curtailment. Industrial sewing machine consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Industrial Sewing Machine Production in Denmark

In value terms, industrial sewing machine production rose markedly to $X in 2022 estimated in export price. In general, production, however, showed a abrupt downturn. The pace of growth appeared the most rapid in 2018 with an increase of 61%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Industrial Sewing Machine Exports

Exports from Denmark

In 2022, industrial sewing machine exports from Denmark surged to X units, rising by 73% on the year before. In general, exports saw a prominent expansion. The pace of growth was the most pronounced in 2015 when exports increased by 284% against the previous year. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, industrial sewing machine exports dropped sharply to $X in 2022. Over the period under review, exports, however, continue to indicate a mild decline. The most prominent rate of growth was recorded in 2014 when exports increased by 147%. The exports peaked 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 machine exports from Denmark, accounting for a 77% share of total exports. Moreover, industrial sewing machine 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 3.2% share.

From 2012 to 2022, the average annual growth rate of volume to Mexico stood at +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 ($X) emerged as the key foreign market for industrial sewing machines exports from Denmark, comprising 39% of total exports. The second position in the ranking was taken by Switzerland ($X), with a 17% share of total exports. It was followed by Ukraine, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Mexico totaled -5.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+90.1% per year) and Ukraine (-14.0% per year).

Export Prices by Country

In 2022, the average industrial sewing machine export price amounted to $X per unit, shrinking by -73.2% against the previous year. Overall, the export price continues to indicate a deep slump. The growth pace was the most rapid in 2016 when the average export price increased by 256% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas 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 more modest paces of growth.

Industrial Sewing Machine Imports

Imports into Denmark

Industrial sewing machine imports into Denmark skyrocketed to X units in 2022, increasing by 214% against the previous year's figure. Over the period under review, imports continue to indicate a buoyant expansion. Imports peaked at X units in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, industrial sewing machine imports soared to $X in 2022. In general, imports posted perceptible growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Vietnam (X units), Poland (X units) and the Netherlands (X units) were the main suppliers of industrial sewing machine imports to Denmark, together comprising 66% 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, Thailand ($X), Vietnam ($X) and the Netherlands ($X) constituted the largest industrial sewing machine suppliers to Denmark, with a combined 48% share of total imports. Germany, Poland, Romania and China lagged somewhat behind, together accounting for a further 33%.

In terms of the main suppliers, Poland, with a CAGR of +65.9%, recorded 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 machine import price stood at $X per unit in 2022, increasing by 18% against the previous year. Overall, the import price, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2018 an increase of 94% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Romania ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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