Europe: Sewing Machine Needle Market 2024

Sewing Machine Needle Market Size in Europe

After three years of growth, the Europe sewing machine needle market decreased by -10.8% to $X in 2022. In general, consumption continues to indicate a perceptible downturn. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Sewing Machine Needle Production in Europe

In value terms, sewing machine needle production amounted to $X in 2022 estimated in export price. Over the period under review, production saw a pronounced setback. The pace of growth appeared the most rapid in 2020 with an increase of 8.1% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Sewing Machine Needle Exports

Exports in Europe

In 2022, overseas shipments of sewing machine needles increased by 18% to X units, rising for the second consecutive year after three years of decline. Overall, exports, however, saw a abrupt shrinkage. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, sewing machine needle exports expanded remarkably to $X in 2022. Over the period under review, exports, however, showed a abrupt descent. The pace of growth was the most pronounced in 2021 when exports increased by 13% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The Czech Republic dominates exports structure, accounting for X units, which was near 57% of total exports in 2022. It was distantly followed by Italy (X units), the UK (X units), Poland (X units) and Belgium (X units), together committing a 27% share of total exports. Denmark (X units) and Russia (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to sewing machine needle exports from the Czech Republic stood at -1.3%. At the same time, Russia (+25.0%), Denmark (+12.9%), the UK (+11.3%), Poland (+7.7%), Belgium (+5.9%) and Italy (+2.9%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing exporter exported in Europe, with a CAGR of +25.0% from 2012-2022. The Czech Republic (+30 p.p.), Italy (+6 p.p.), the UK (+6 p.p.), Poland (+4.9 p.p.), Belgium (+3.8 p.p.), Denmark (+3.6 p.p.) and Russia (+3.1 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Czech Republic ($X) remains the largest sewing machine needle supplier in Europe, comprising 71% of total exports. The second position in the ranking was taken by Poland ($X), with a 9.9% share of total exports. It was followed by the UK, with a 4.1% 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 the UK (-0.1% per year).

Export Prices by Country

The export price in Europe stood at $X per thousand units in 2022, reducing by -10% against the previous year. Overall, the export price saw a noticeable shrinkage. The pace of growth was the most pronounced in 2020 an increase of 31% against the previous year. The level of export peaked at $X per thousand units in 2013; however, from 2014 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 Poland ($X per thousand units), while Denmark ($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 more modest paces of growth.

Sewing Machine Needle Imports

Imports in Europe

In 2022, overseas purchases of sewing machine needles decreased by -6% to X units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports showed a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 31%. Over the period under review, imports hit record highs at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, sewing machine needle imports contracted to $X in 2022. In general, imports recorded a abrupt decrease. The growth pace was the most rapid in 2021 with an increase of 21%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

The UK (X units), France (X units), Russia (X units), Spain (X units) and the Netherlands (X units) represented roughly 57% of total imports in 2022. It was followed by Poland (X units), achieving a 6.3% share of total imports. Italy (X units), Denmark (X units), Estonia (X units), Belarus (X units), Belgium (X units), Portugal (X units) and Ukraine (X units) took a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the Netherlands (with a CAGR of +34.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest sewing machine needle importing markets in Europe were Poland ($X), Russia ($X) and Italy ($X), with a combined 42% share of total imports. The UK, Estonia, France, Belarus, Spain, Portugal, Belgium, Ukraine, the Netherlands and Denmark lagged somewhat behind, together accounting for a further 35%.

In terms of the main importing countries, the Netherlands, with a CAGR of +23.7%, saw the highest growth rate of 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 Europe stood at $X per thousand units in 2022, which is down by -6.6% against the previous year. Overall, the import price recorded a pronounced downturn. The pace of growth was the most pronounced in 2016 an increase of 8.7% against the previous year. Over the period under review, import prices attained the maximum at $X per thousand units in 2012; however, from 2013 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 Poland ($X per thousand units), while the Netherlands ($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 Portugal (+5.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform