Italy: Household Sewing Machine Market 2024

Household Sewing Machine Market Size in Italy

The Italian household sewing machine market soared to $X in 2021, with an increase of 15% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +64.5% against 2019 indices. Household sewing machine consumption peaked in 2021 and is expected to retain growth in years to come.

Household Sewing Machine Exports

Exports from Italy

After two years of growth, shipments abroad of household sewing machines decreased by -77.9% to X units in 2021. Over the period under review, exports saw a perceptible downturn. The pace of growth appeared the most rapid in 2020 with an increase of 617% against the previous year. As a result, the exports attained the peak of X units, and then shrank significantly in the following year.

In value terms, household sewing machine exports fell sharply to $X in 2021. In general, exports continue to indicate a deep contraction. The pace of growth was the most pronounced in 2020 when exports increased by 674%. As a result, the exports reached the peak of $X, and then shrank rapidly in the following year.

Exports by Country

France (X units), Malta (X units) and Germany (X units) were the main destinations of household sewing machine exports from Italy, together accounting for 54% of total exports. These countries were followed by the United States, Sierra Leone, Spain, the United Arab Emirates, Romania, Belgium, Greece, the Netherlands and Switzerland, which together accounted for a further 35%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +98.7%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) emerged as the key foreign market for household sewing machines exports from Italy, comprising 37% of total exports. The second position in the ranking was held by Romania ($X), with a 12% share of total exports. It was followed by France, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +65.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (-4.4% per year) and France (+1.3% per year).

Export Prices by Country

The average household sewing machine export price stood at $X per unit in 2021, waning by -13.1% against the previous year. Overall, the export price saw a noticeable downturn. The most prominent rate of growth was recorded in 2017 when the average export price increased by 68%. As a result, the export price reached the peak level of $X per unit. From 2018 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Sierra Leone ($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 Switzerland (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.

Household Sewing Machine Imports

Imports into Italy

In 2021, after two years of growth, there was significant decline in supplies from abroad of household sewing machines, when their volume decreased by -5% to X units. In general, imports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2020 when imports increased by 85%. As a result, imports attained the peak of X units, and then declined in the following year.

In value terms, household sewing machine imports rose modestly to $X in 2021. Over the period under review, total imports indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +91.2% against 2015 indices. The pace of growth appeared the most rapid in 2020 with an increase of 57%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Spain (X units), Germany (X units) and Vietnam (X units) were the main suppliers of household sewing machine imports to Italy, together comprising 70% of total imports. These countries were followed by China, the Netherlands, France, Taiwan (Chinese) and Thailand, which together accounted for a further 26%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +62.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Germany ($X) and Vietnam ($X) constituted the largest household sewing machine suppliers to Italy, with a combined 68% share of total imports. China, Taiwan (Chinese), the Netherlands, France and Thailand lagged somewhat behind, together accounting for a further 27%.

The Netherlands, with a CAGR of +55.1%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average household sewing machine import price stood at $X per unit in 2021, growing by 8.9% against the previous year. Over the period under review, the import price, however, recorded a mild slump. The pace of growth was the most pronounced in 2018 when the average import price increased by 13%. As a result, import price reached the peak level of $X per unit. From 2019 to 2021, 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 Taiwan (Chinese) ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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