Italy: Market for Industrial Sewing Machines (Non-Automatic) 2024

Market Size for Industrial Sewing Machines (Non-Automatic) in Italy

In 2022, the Italian industrial sewing machines (non-automatic) market increased by 12% to $X, rising for the second consecutive year after two years of decline. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Industrial Sewing Machines (Non-Automatic) in Italy

In value terms, industrial sewing machines (non-automatic) production surged to $X in 2022 estimated in export price. Overall, production recorded strong growth. The growth pace was the most rapid in 2018 when the production volume increased by 414%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Exports of Industrial Sewing Machines (Non-Automatic)

Exports from Italy

In 2022, the amount of industrial sewing machines (non-automatic) exported from Italy rose remarkably to X units, surging by 6.5% compared with the previous year. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by 17% against the previous year. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, industrial sewing machines (non-automatic) exports totaled $X in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 28% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Tunisia (X units), France (X units) and Albania (X units) were the main destinations of industrial sewing machines (non-automatic) exports from Italy, with a combined 39% share of total exports. Turkey, Serbia, Spain, Morocco, Switzerland, Romania, India, the United States, Portugal and Slovenia lagged somewhat behind, together comprising a further 39%.

From 2012 to 2022, the biggest increases were recorded for Switzerland (with a CAGR of +15.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for industrial sewing machines (non-automatic) exported from Italy were France ($X), Spain ($X) and Turkey ($X), together accounting for 29% of total exports.

Among the main countries of destination, Spain, with a CAGR of +13.2%, 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

The average industrial sewing machines (non-automatic) export price stood at $X per unit in 2022, with an increase of 2.4% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 18% against the previous year. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per unit), while the average price for exports to Switzerland ($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 France (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Industrial Sewing Machines (Non-Automatic)

Imports into Italy

In 2022, supplies from abroad of industrial sewing machines (non-automatic) decreased by -2.1% to X units for the first time since 2017, thus ending a four-year rising trend. In general, total imports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +6.1% 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 +29.4% against 2017 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 31%. Imports peaked at X units in 2021, and then declined in the following year.

In value terms, industrial sewing machines (non-automatic) imports skyrocketed to $X in 2022. Over the period under review, total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.9% 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 +68.5% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 36%. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of industrial sewing machines (non-automatic) to Italy, with a 43% share of total imports. Moreover, industrial sewing machines (non-automatic) imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. The third position in this ranking was taken by the Netherlands (X units), with a 15% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +11.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+4.9% per year) and the Netherlands (+5.1% per year).

In value terms, the largest industrial sewing machines (non-automatic) suppliers to Italy were Germany ($X), China ($X) and the Netherlands ($X), with a combined 90% share of total imports.

In terms of the main suppliers, China, with a CAGR of +15.2%, saw 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

The average industrial sewing machines (non-automatic) import price stood at $X per unit in 2022, surging by 27% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 42%. Over the period under review, average import prices attained the maximum at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :