Eastern Europe: Industrial Sewing Machine Market 2024

Industrial Sewing Machine Market Size in Eastern Europe

The East European industrial sewing machine market skyrocketed to $X in 2022, picking up by 67% against the previous year. In general, consumption, however, recorded a noticeable decline. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Industrial Sewing Machine Production in Eastern Europe

In value terms, industrial sewing machine production shrank to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a abrupt setback. The pace of growth was the most pronounced in 2018 with an increase of 16%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Industrial Sewing Machine Exports

Exports in Eastern Europe

In 2022, overseas shipments of industrial sewing machines decreased by -42.8% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, continue to indicate resilient growth. The pace of growth was the most pronounced in 2017 when exports increased by 66% against the previous year. The volume of export peaked at X units in 2021, and then declined notably in the following year.

In value terms, industrial sewing machine exports contracted to $X in 2022. Total exports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +4.0% 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 +25.9% against 2020 indices. The pace of growth appeared the most rapid in 2017 with an increase of 29% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Poland was the key exporting country with an export of around X units, which accounted for 44% of total exports. The Czech Republic (X units) ranks second in terms of the total exports with a 28% share, followed by Russia (6.2%) and Romania (5.6%). Belarus (X units), Bulgaria (X units) and Ukraine (X units) took a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Belarus (with a CAGR of +37.7%), while the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X) remains the largest industrial sewing machine supplier in Eastern Europe, comprising 58% of total exports. The second position in the ranking was held by Poland ($X), with a 21% share of total exports. It was followed by Romania, with a 5.5% share.

From 2012 to 2022, the average annual growth rate of value in the Czech Republic amounted to +2.0%. The remaining exporting countries recorded the following average annual rates of exports growth: Poland (+8.6% per year) and Romania (+7.8% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per unit, increasing by 71% against the previous year. Over the period under review, the export price, however, saw a deep setback. Over the period under review, the export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Czech Republic ($X per unit), while Bulgaria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+1.1%), while the other leaders experienced mixed trends in the export price figures.

Industrial Sewing Machine Imports

Imports in Eastern Europe

In 2022, after two years of growth, there was significant decline in purchases abroad of industrial sewing machines, when their volume decreased by -9.4% to X units. Total imports indicated a tangible expansion from 2012 to 2022: its volume increased at an average annual rate of +2.2% 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 +33.0% against 2019 indices. The pace of growth was the most pronounced in 2017 with an increase of 40%. Over the period under review, imports reached the peak figure at X units in 2021, and then contracted in the following year.

In value terms, industrial sewing machine imports dropped to $X in 2022. The total import value increased at an average annual rate of +1.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 18% against the previous year. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Russia was the major importing country with an import of about X units, which accounted for 55% of total imports. Ukraine (X units) ranks second in terms of the total imports with a 16% share, followed by Poland (11%) and Romania (4.9%). The Czech Republic (X units), Belarus (X units) and Bulgaria (X units) held a relatively small share of total imports.

Russia experienced a relatively flat trend pattern with regard to volume of imports of industrial sewing machines. At the same time, the Czech Republic (+7.9%), Ukraine (+5.7%), Poland (+5.2%), Bulgaria (+3.9%) and Romania (+1.5%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +7.9% from 2012-2022. By contrast, Belarus (-3.6%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Ukraine and Poland increased by +4.5 and +2.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported industrial sewing machines in Eastern Europe, comprising 40% of total imports. The second position in the ranking was held by Poland ($X), with a 19% share of total imports. It was followed by Romania, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Russia was relatively modest. In the other countries, the average annual rates were as follows: Poland (+5.1% per year) and Romania (+2.3% per year).

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per unit, growing by 1.5% against the previous year. Over the period under review, the import price, however, saw a mild decrease. The most prominent rate of growth was recorded in 2014 an increase of 15% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+0.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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