Germany: Sewing Machine Needle Market 2024

Sewing Machine Needle Market Size in Germany

The German sewing machine needle market stood at less than $X in 2022, approximately equating the previous year. Over the period under review, consumption, however, showed a resilient increase. Sewing machine needle consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Sewing Machine Needle Production in Germany

In value terms, sewing machine needle production totaled less than $X in 2022 estimated in export price. Over the period under review, production recorded a mild decrease. The most prominent rate of growth was recorded in 2017 when the production volume increased by 11% against the previous year. Sewing machine needle production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Sewing Machine Needle Exports

Exports from Germany

In 2017, overseas shipments of sewing machine needles increased by 6.9% to X units for the first time since 2012, thus ending a four-year declining trend. In general, exports, however, continue to indicate a pronounced reduction. The exports peaked at X units in 2012; however, from 2013 to 2017, the exports stood at a somewhat lower figure.

In value terms, sewing machine needle exports rose markedly to $X in 2017. Over the period under review, exports, however, recorded a pronounced downturn. The exports peaked at $X in 2013; however, from 2014 to 2017, the exports stood at a somewhat lower figure.

Exports by Country

Turkey (X units), the United States (X units) and Mexico (X units) were the main destinations of sewing machine needle exports from Germany, with a combined 33% share of total exports. Singapore, India, Russia, Brazil, Poland, Pakistan, Portugal, Colombia, Tunisia and Italy lagged somewhat behind, together comprising a further 41%.

From 2012 to 2017, the biggest increases were recorded for Pakistan (with a CAGR of +13.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Turkey ($X) and the United States ($X) were the largest markets for sewing machine needle exported from Germany worldwide, together comprising 34% of total exports. Mexico, Poland, Singapore, Italy, Russia, Brazil, Colombia, Portugal, Tunisia and Pakistan lagged somewhat behind, together accounting for a further 38%.

In terms of the main countries of destination, Pakistan, with a CAGR of +9.7%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2017, the average sewing machine needle export price amounted to $X per thousand units, approximately equating the previous year. Overall, the export price continues to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2014 when the average export price increased by 2.7% against the previous year. As a result, the export price attained the peak level of $X per thousand units. From 2015 to 2017, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2017, amid the top suppliers, the country with the highest price was Italy ($X per thousand units), while the average price for exports to Pakistan ($X per thousand units) was amongst the lowest.

From 2012 to 2017, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+7.0%), while the prices for the other major destinations experienced mixed trend patterns.

Sewing Machine Needle Imports

Imports into Germany

In 2017, the amount of sewing machine needles imported into Germany reached X units, growing by 3.1% on 2016 figures. The total import volume increased at an average annual rate of +2.3% over the period from 2012 to 2017; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2014 with an increase of 17%. Over the period under review, imports attained the peak figure at X units in 2015; however, from 2016 to 2017, imports remained at a lower figure.

In value terms, sewing machine needle imports rose significantly to $X in 2017. In general, imports, however, recorded a slight slump. The most prominent rate of growth was recorded in 2014 when imports increased by 12%. As a result, imports attained the peak of $X. From 2015 to 2017, the growth of imports remained at a somewhat lower figure.

Imports by Country

India (X units), the Czech Republic (X units) and Vietnam (X units) were the main suppliers of sewing machine needle imports to Germany, with a combined 91% share of total imports.

From 2012 to 2017, the biggest increases were recorded for India (with a CAGR of +13.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X), the Czech Republic ($X) and Vietnam ($X) were the largest sewing machine needle suppliers to Germany, with a combined 95% share of total imports. Japan and China lagged somewhat behind, together accounting for a further 3.8%.

In terms of the main suppliers, Japan, with a CAGR of +12.0%, recorded 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

In 2017, the average sewing machine needle import price amounted to $X per thousand units, increasing by 6.4% against the previous year. In general, the import price, however, saw a perceptible setback. The most prominent rate of growth was recorded in 2016 when the average import price increased by 10%. Over the period under review, average import prices attained the maximum at $X per thousand units in 2012; however, from 2013 to 2017, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2017, amid the top importers, the country with the highest price was the Czech Republic ($X per thousand units), while the price for China ($X per thousand units) was amongst the lowest.

From 2012 to 2017, the most notable rate of growth in terms of prices was attained by Vietnam (+7.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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