Europe: Industrial Sewing Machine Market 2024

Industrial Sewing Machine Market Size in Europe

The Europe industrial sewing machine market soared to $X in 2022, rising by 23% against the previous year. In general, consumption, however, recorded a deep setback. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Industrial Sewing Machine Production in Europe

In value terms, industrial sewing machine production expanded modestly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a abrupt curtailment. The pace of growth was the most pronounced in 2018 when the production volume increased by 17% against the previous year. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Industrial Sewing Machine Exports

Exports in Europe

After two years of growth, overseas shipments of industrial sewing machines decreased by -47.7% to X units in 2022. Over the period under review, exports, however, posted tangible growth. The growth pace was the most rapid in 2021 when exports increased by 49%. As a result, the exports attained the peak of X units, and then reduced sharply in the following year.

In value terms, industrial sewing machine exports fell to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 24%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The shipments of the three major exporters of industrial sewing machines, namely Germany, Spain and Poland, represented more than half of total export. The Czech Republic (X units) ranks next in terms of the total exports with a 9.5% share, followed by the Netherlands (9.4%) and Italy (8.2%). The following exporters - Switzerland (X units), the UK (X units), Russia (X units), France (X units) and Romania (X units) - together made up 13% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Russia (with a CAGR of +22.7%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest industrial sewing machine supplier in Europe, comprising 40% of total exports. The second position in the ranking was held by Italy ($X), with a 17% share of total exports. It was followed by the Czech Republic, with a 13% share.

From 2012 to 2022, the average annual growth rate of value in Germany amounted to -1.5%. In the other countries, the average annual rates were as follows: Italy (+3.5% per year) and the Czech Republic (+2.0% per year).

Export Prices by Country

In 2022, the export price in Europe amounted to $X per unit, rising by 78% against the previous year. Over the period under review, the export price, however, recorded a slight decrease. The level of export peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

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 Europe

In 2022, purchases abroad of industrial sewing machines decreased by -1.9% to X units for the first time since 2019, thus ending a two-year rising trend. The total import volume increased at an average annual rate of +2.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 29%. The volume of import peaked at X units in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, industrial sewing machine imports declined slightly to $X in 2022. The total import value increased at an average annual rate of +2.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of 16%. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

The UK (X units) and Russia (X units) were the main importers of industrial sewing machines in 2022, recording near 21% and 20% of total imports, respectively. It was distantly followed by Germany (X units), Italy (X units), Ukraine (X units), the Netherlands (X units), Spain (X units) and Greece (X units), together comprising a 35% share of total imports. Poland (X units), France (X units), Romania (X units) and Bosnia and Herzegovina (X units) took a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Greece (with a CAGR of +19.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Russia ($X) and Italy ($X) were the countries with the highest levels of imports in 2022, together accounting for 47% of total imports. Poland, the Netherlands, France, Romania, Spain, Ukraine, the UK, Bosnia and Herzegovina and Greece lagged somewhat behind, together comprising a further 32%.

Greece, with a CAGR of +18.0%, recorded the highest growth rate of the value of imports, in terms of 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 Europe amounted to $X per unit, remaining constant against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 17%. Over the period under review, import prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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