France: Industrial Sewing Machine Market 2024

Industrial Sewing Machine Market Size in France

In 2022, the French industrial sewing machine market decreased by -7.9% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption continues to indicate a drastic downturn. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Industrial Sewing Machine Production in France

In value terms, industrial sewing machine production expanded slightly to $X in 2022 estimated in export price. Overall, production, however, showed a deep downturn. The most prominent rate of growth was recorded in 2020 when the production volume increased by 20%. Industrial sewing machine production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Industrial Sewing Machine Exports

Exports from France

In 2022, shipments abroad of industrial sewing machines increased by 23% to X units, rising for the second year in a row after four years of decline. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 56%. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, industrial sewing machine exports contracted dramatically to $X in 2022. Overall, exports, however, showed a drastic downturn. The growth pace was the most rapid in 2021 when exports increased by 67% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Tunisia (X units), Italy (X units) and Burkina Faso (X units) were the main destinations of industrial sewing machine exports from France, with a combined 46% share of total exports. Algeria, French Polynesia, Morocco, Switzerland, Germany, Belgium, New Caledonia, Turkey, Spain and the United States lagged somewhat behind, together comprising a further 39%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by French Polynesia (with a CAGR of +82.9%), while the other leaders experienced more modest paces of growth.

In value terms, Tunisia ($X), Algeria ($X) and Morocco ($X) appeared to be the largest markets for industrial sewing machine exported from France worldwide, together accounting for 33% of total exports. Italy, Spain, Germany, Turkey, the United States, Switzerland, French Polynesia, New Caledonia, Burkina Faso and Belgium lagged somewhat behind, together comprising a further 39%.

French Polynesia, with a CAGR of +62.3%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average industrial sewing machine export price amounted to $X per unit, waning by -50.8% against the previous year. Over the period under review, the export price recorded a abrupt setback. The pace of growth appeared the most rapid in 2021 an increase of 42%. Over the period under review, the average export prices reached the maximum at $X per unit in 2014; however, from 2015 to 2022, 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 Spain ($X per unit), while the average price for exports to Burkina Faso ($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 Spain (+13.4%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Sewing Machine Imports

Imports into France

Industrial sewing machine imports into France reduced sharply to X units in 2022, shrinking by -37.8% compared with the previous year. In general, total imports indicated a slight expansion from 2012 to 2022: its volume increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when imports increased by 64%. Over the period under review, imports hit record highs at X units in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, industrial sewing machine imports rose remarkably to $X in 2022. Overall, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +8.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.6% against 2017 indices. The pace of growth was the most pronounced in 2014 when imports increased by 23%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

China (X units), Germany (X units) and Italy (X units) were the main suppliers of industrial sewing machine imports to France, with a combined 58% share of total imports. The Netherlands, Taiwan (Chinese), Canada, Spain, Japan and the United States lagged somewhat behind, together comprising a further 34%.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +107.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of industrial sewing machines to France, comprising 45% of total imports. The second position in the ranking was taken by Italy ($X), with a 13% share of total imports. It was followed by Japan, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at +24.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+11.8% per year) and Japan (-1.3% per year).

Import Prices by Country

The average industrial sewing machine import price stood at $X per unit in 2022, with an increase of 83% against the previous year. Overall, the import price recorded a remarkable increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+17.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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