France: Sewing Machine Needle Market 2024

Sewing Machine Needle Market Size in France

For the fourth consecutive year, the French sewing machine needle market recorded growth in sales value, which increased by 0.2% to $X in 2022. Overall, consumption saw a strong increase. Sewing machine needle consumption peaked in 2022 and is likely to continue growth in years to come.

Sewing Machine Needle Exports

Exports from France

Sewing machine needle exports from France surged to X units in 2022, rising by 52% against the previous year. In general, exports enjoyed a mild expansion. The pace of growth appeared the most rapid in 2019 when exports increased by 68% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, sewing machine needle exports soared to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 65%. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Italy (X units), Belgium (X units) and Portugal (X units) were the main destinations of sewing machine needle exports from France, together accounting for 57% of total exports. Spain, Germany, Switzerland, the Netherlands, Poland, Romania, Cote d'Ivoire, Morocco and the United Arab Emirates lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +174.9%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) emerged as the key foreign market for sewing machine needles exports from France, comprising 41% of total exports. The second position in the ranking was held by Spain ($X), with a 9.3% share of total exports. It was followed by Germany, with an 8.3% share.

From 2012 to 2022, the average annual growth rate of value to Italy totaled +27.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-3.3% per year) and Germany (+155.8% per year).

Export Prices by Country

The average sewing machine needle export price stood at $X per thousand units in 2022, shrinking by -5.4% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 79% against the previous year. Over the period under review, the average export prices attained the maximum at $X per thousand units in 2018; however, from 2019 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 Morocco ($X per thousand units), while the average price for exports to Belgium ($X per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+26.6%), while the prices for the other major destinations experienced more modest paces of growth.

Sewing Machine Needle Imports

Imports into France

In 2022, the amount of sewing machine needles imported into France rose markedly to X units, picking up by 6.1% against the previous year's figure. In general, imports saw a prominent increase. The pace of growth was the most pronounced in 2017 when imports increased by 75%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, sewing machine needle imports contracted to $X in 2022. Overall, total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -6.0% against 2020 indices. The pace of growth was the most pronounced in 2020 when imports increased by 33% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Germany (X units) constituted the largest sewing machine needle supplier to France, with a 69% share of total imports. Moreover, sewing machine needle imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X units), fivefold. The third position in this ranking was taken by China (X units), with a 7.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to +21.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+33.6% per year) and China (-7.5% per year).

In value terms, Germany ($X) constituted the largest supplier of sewing machine needles to France, comprising 66% of total imports. The second position in the ranking was taken by China ($X), with a 10% share of total imports. It was followed by Belgium, with a 9.8% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +9.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-0.6% per year) and Belgium (+11.0% per year).

Import Prices by Country

In 2022, the average sewing machine needle import price amounted to $X per thousand units, with a decrease of -10.6% against the previous year. In general, the import price continues to indicate a deep setback. The growth pace was the most rapid in 2013 when the average import price increased by 23%. As a result, import price attained the peak level of $X per thousand units. From 2014 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per thousand units), while the price for the UK ($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 India (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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