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

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

In 2022, the Estonian industrial sewing machines (non-automatic) market decreased by -10.9% to $X, falling for the second year in a row after two years of growth. Overall, the total consumption indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -17.7% against 2020 indices. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

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

In value terms, industrial sewing machines (non-automatic) production totaled $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume decreased by 99.9%. Industrial sewing machines (non-automatic) production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Exports of Industrial Sewing Machines (Non-Automatic)

Exports from Estonia

For the sixth consecutive year, Estonia recorded decline in overseas shipments of industrial sewing machines (non-automatic), which decreased by -12.2% to X units in 2022. Over the period under review, exports saw a abrupt descent. The pace of growth appeared the most rapid in 2016 when exports increased by 181%. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, industrial sewing machines (non-automatic) exports dropped remarkably to $X in 2022. Overall, exports showed a abrupt decline. The growth pace was the most rapid in 2016 with an increase of 245% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Switzerland (X units) was the main destination for industrial sewing machines (non-automatic) exports from Estonia, accounting for a 72% share of total exports. Moreover, industrial sewing machines (non-automatic) exports to Switzerland exceeded the volume sent to the second major destination, Russia (X units), eightfold. The third position in this ranking was taken by Norway (X units), with a 7% share.

From 2012 to 2022, the average annual growth rate of volume to Switzerland was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-24.6% per year) and Norway (-2.8% per year).

In value terms, Russia ($X) remains the key foreign market for industrial sewing machines (non-automatic) exports from Estonia, comprising 48% of total exports. The second position in the ranking was held by Ukraine ($X), with a 22% share of total exports. It was followed by Switzerland, with a 16% share.

From 2012 to 2022, the average annual growth rate of value to Russia totaled -14.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (-5.6% per year) and Switzerland (0.0% per year).

Export Prices by Country

In 2022, the average industrial sewing machines (non-automatic) export price amounted to $X per unit, dropping by -66.1% against the previous year. In general, the export price continues to indicate a perceptible decline. The most prominent rate of growth was recorded in 2015 an increase of 275% against the previous year. The export price peaked at $X per unit in 2020; however, from 2021 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 Russia ($X per unit), while the average price for exports to Switzerland ($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 Ukraine (+27.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Industrial Sewing Machines (Non-Automatic)

Imports into Estonia

In 2022, approx. X units of industrial sewing machines (non-automatic) were imported into Estonia; reducing by -13.5% on the year before. Overall, total imports indicated modest growth from 2012 to 2022: its volume 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 decreased by -13.9% against 2020 indices. The pace of growth appeared the most rapid in 2016 with an increase of 71% against the previous year. Over the period under review, imports hit record highs at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, industrial sewing machines (non-automatic) imports contracted to $X in 2022. Over the period under review, imports continue to indicate a slight reduction. The pace of growth was the most pronounced in 2013 with an increase of 45% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X units), Germany (X units) and Taiwan (Chinese) (X units) were the main suppliers of industrial sewing machines (non-automatic) imports to Estonia, with a combined 67% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of +15.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and the Netherlands ($X) appeared to be the largest industrial sewing machines (non-automatic) suppliers to Estonia, with a combined 67% share of total imports. Poland, Italy, Japan and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 18%.

Poland, with a CAGR of +24.6%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average industrial sewing machines (non-automatic) import price amounted to $X per unit, growing by 6.8% against the previous year. In general, the import price, however, continues to indicate a perceptible decline. The pace of growth appeared the most rapid in 2018 an increase of 97%. Over the period under review, average import prices reached the maximum at $X per unit in 2015; however, from 2016 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 Japan ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform