Finland: Household Sewing Machine Market 2024

Household Sewing Machine Market Size in Finland

In 2021, the Finnish household sewing machine market increased by 11% to $X, rising for the sixth consecutive year after three years of decline. In general, consumption, however, saw a pronounced shrinkage. Household sewing machine consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Household Sewing Machine Exports

Exports from Finland

Household sewing machine exports from Finland soared to X units in 2021, increasing by 118% compared with 2020. In general, exports posted moderate growth. The most prominent rate of growth was recorded in 2013 when exports increased by 198%. As a result, the exports reached the peak of X units. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, household sewing machine exports skyrocketed to $X in 2021. Over the period under review, exports, however, continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2016 when exports increased by 117%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Sweden (X units) was the main destination for household sewing machine exports from Finland, accounting for a 70% share of total exports. Moreover, household sewing machine exports to Sweden exceeded the volume sent to the second major destination, Estonia (X units), fourfold. The third position in this ranking was taken by Denmark (X units), with a 7.2% share.

From 2012 to 2021, the average annual growth rate of volume to Sweden amounted to +79.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (+26.0% per year) and Denmark (+0.7% per year).

In value terms, Sweden ($X) remains the key foreign market for household sewing machines exports from Finland, comprising 70% of total exports. The second position in the ranking was taken by Estonia ($X), with a 17% share of total exports. It was followed by Denmark, with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Sweden stood at +77.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (+14.8% per year) and Denmark (-13.0% per year).

Export Prices by Country

In 2021, the average household sewing machine export price amounted to $X per unit, waning by -11.9% against the previous year. Overall, the export price faced a abrupt contraction. The most prominent rate of growth was recorded in 2020 when the average export price increased by 37% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Latvia ($X per unit), while the average price for exports to Gambia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Gambia (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.

Household Sewing Machine Imports

Imports into Finland

For the third year in a row, Finland recorded growth in overseas purchases of household sewing machines, which increased by 11% to X units in 2021. Overall, imports, however, recorded a mild descent. The most prominent rate of growth was recorded in 2020 when imports increased by 97% against the previous year. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, household sewing machine imports rose significantly to $X in 2021. In general, imports, however, continue to indicate a perceptible slump. The most prominent rate of growth was recorded in 2020 when imports increased by 39% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Poland (X units), China (X units) and Vietnam (X units) were the main suppliers of household sewing machine imports to Finland, with a combined 70% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +1,001.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) constituted the largest supplier of household sewing machines to Finland, comprising 40% of total imports. The second position in the ranking was taken by Thailand ($X), with a 17% share of total imports. It was followed by Vietnam, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Poland totaled +1,069.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+6.8% per year) and Vietnam (-12.1% per year).

Import Prices by Country

The average household sewing machine import price stood at $X per unit in 2021, picking up by 1.8% against the previous year. Overall, the import price, however, recorded a perceptible downturn. The pace of growth appeared the most rapid in 2018 an increase of 35%. Over the period under review, average import prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Thailand ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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