Eastern Europe: Sewing Machine Needle Market 2024

Sewing Machine Needle Market Size in Eastern Europe

In 2022, the East European sewing machine needle market decreased by -18.3% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Sewing Machine Needle Production in Eastern Europe

In value terms, sewing machine needle production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.3% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when the production volume increased by 13% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Sewing Machine Needle Exports

Exports in Eastern Europe

In 2022, approx. X units of sewing machine needles were exported in Eastern Europe; rising by 21% against 2021 figures. In general, exports continue to indicate a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, sewing machine needle exports expanded notably to $X in 2022. Total exports indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.4% 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 +89.7% against 2015 indices. The most prominent rate of growth was recorded in 2018 with an increase of 21%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

The Czech Republic prevails in exports structure, resulting at X units, which was approx. 83% of total exports in 2022. It was distantly followed by Poland (X units) and Russia (X units), together committing a 14% share of total exports. Belarus (X units) took a minor share of total exports.

Exports from the Czech Republic decreased at an average annual rate of -1.3% from 2012 to 2022. At the same time, Belarus (+64.0%), Russia (+25.0%) and Poland (+7.7%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +64.0% from 2012-2022. While the share of Poland (+4.6 p.p.), Russia (+4.2 p.p.) and Belarus (+2.5 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the Czech Republic (-12 p.p.) displayed negative dynamics.

In value terms, the Czech Republic ($X) remains the largest sewing machine needle supplier in Eastern Europe, comprising 84% of total exports. The second position in the ranking was held by Poland ($X), with a 12% share of total exports. It was followed by Russia, with a 1.7% share.

From 2012 to 2022, the average annual growth rate of value in the Czech Republic was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Poland (+13.0% per year) and Russia (+13.1% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per thousand units, reducing by -11.8% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2020 when the export price increased by 20% against the previous year. Over the period under review, the export prices hit record highs at $X per thousand units in 2021, and then declined in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per thousand units), while Russia ($X per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+4.8%), while the other leaders experienced mixed trends in the export price figures.

Sewing Machine Needle Imports

Imports in Eastern Europe

In 2022, overseas purchases of sewing machine needles decreased by -19.7% to X units for the first time since 2017, thus ending a four-year rising trend. In general, imports continue to indicate a mild contraction. The pace of growth was the most pronounced in 2021 when imports increased by 35%. As a result, imports reached the peak of X units, and then reduced rapidly in the following year.

In value terms, sewing machine needle imports fell modestly to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 21%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Russia was the largest importing country with an import of around X units, which recorded 37% of total imports. Poland (X units) took a 19% share (based on physical terms) of total imports, which put it in second place, followed by Estonia (10%), Belarus (10%), Ukraine (7%), Romania (5.5%) and the Czech Republic (5.4%).

From 2012 to 2022, the biggest increases were recorded for Estonia (with a CAGR of +29.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Russia ($X) and Estonia ($X) were the countries with the highest levels of imports in 2022, together accounting for 69% of total imports.

In terms of the main importing countries, Estonia, with a CAGR of +23.2%, recorded the highest rates of growth with regard to 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 import price in Eastern Europe stood at $X per thousand units in 2022, increasing by 21% against the previous year. Overall, the import price recorded a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+5.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :