EU: Industrial Sewing Machine Market 2024

Industrial Sewing Machine Market Size in the EU

In 2022, the EU industrial sewing machine market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. Overall, consumption, however, saw a deep setback. 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 the EU

In value terms, industrial sewing machine production expanded slightly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 when the production volume increased by 18% against the previous year. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Industrial Sewing Machine Exports

Exports in the EU

After two years of growth, overseas shipments of industrial sewing machines decreased by -51.2% to X units in 2022. Over the period under review, exports, however, continue to indicate a modest expansion. The pace of growth was the most pronounced in 2021 when exports increased by 48%. As a result, the exports attained the peak of X units, and then shrank notably in the following year.

In value terms, industrial sewing machine exports dropped to $X in 2022. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 23%. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

The biggest shipments were from Germany (X units), Spain (X units) and Poland (X units), together resulting at 57% of total export. The Czech Republic (X units) held the next position in the ranking, followed by the Netherlands (X units) and Italy (X units). All these countries together held approx. 31% share of total exports. France (X units) held a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Poland (with a CAGR of +19.3%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest industrial sewing machine supplier in the European Union, comprising 42% of total exports. The second position in the ranking was held by Italy ($X), with an 18% share of total exports. It was followed by the Czech Republic, with a 13% share.

In Germany, industrial sewing machine exports plunged by an average annual rate of -1.5% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (+3.5% per year) and the Czech Republic (+2.0% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per unit, growing by 91% against the previous year. Overall, the export price, however, saw a mild descent. Over the period under review, the export prices attained the maximum at $X per unit in 2017; however, from 2018 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 Italy ($X per unit), while Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+3.8%), while the other leaders experienced more modest paces of growth.

Industrial Sewing Machine Imports

Imports in the EU

In 2022, purchases abroad of industrial sewing machines decreased by -17.8% to X units for the first time since 2019, thus ending a two-year rising trend. Total imports indicated tangible growth from 2012 to 2022: its volume increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of 43% against the previous year. Over the period under review, imports reached the maximum at X units in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, industrial sewing machine imports reached $X in 2022. The total import value increased at an average annual rate of +3.2% 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 2014 when imports increased by 32%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The countries with the highest levels of industrial sewing machine imports in 2022 were Germany (X units), Italy (X units), the Netherlands (X units), Spain (X units), Greece (X units), Poland (X units) and France (X units), together recording 78% of total import. Romania (X units), Portugal (X units), the Czech Republic (X units), Sweden (X units), Ireland (X units) and Bulgaria (X units) held a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Ireland (with a CAGR of +76.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest industrial sewing machine importing markets in the European Union were Germany ($X), Italy ($X) and Poland ($X), together comprising 55% of total imports. The Netherlands, France, Romania, Portugal, Spain, Bulgaria, the Czech Republic, Greece, Sweden and Ireland lagged somewhat behind, together accounting for a further 36%.

Ireland, with a CAGR of +36.8%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per unit, picking up by 22% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. Over the period under review, import prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+7.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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