Italy: Industrial Sewing Machine Market 2024

Industrial Sewing Machine Market Size in Italy

The Italian industrial sewing machine market was finally on the rise to reach $X in 2022, after three years of decline. Over the period under review, consumption, however, saw a deep slump. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Industrial Sewing Machine Production in Italy

In value terms, industrial sewing machine production surged to $X in 2022 estimated in export price. Over the period under review, production recorded a significant increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by 225% against the previous year. Industrial sewing machine production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Industrial Sewing Machine Exports

Exports from Italy

In 2022, industrial sewing machine exports from Italy rose sharply to X units, with an increase of 6.3% against 2021. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 14%. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, industrial sewing machine exports surged to $X in 2022. Overall, total exports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +46.0% against 2020 indices. The growth pace was the most rapid in 2013 when exports increased by 24%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 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 machine exports from Italy, together accounting for 35% of total exports. Turkey, Serbia, Spain, Bangladesh, Morocco, Switzerland, Romania, India, the United States and Portugal lagged somewhat behind, together accounting for a further 40%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Switzerland (with a CAGR of +15.6%), while the other leaders experienced more modest paces of growth.

In value terms, Bangladesh ($X), Turkey ($X) and the United States ($X) constituted the largest markets for industrial sewing machine exported from Italy worldwide, together comprising 35% of total exports.

The United States, with a CAGR of +19.6%, saw the highest growth rate of the value of exports, among 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

The average industrial sewing machine export price stood at $X per unit in 2022, picking up by 14% against the previous year. Over the last decade, it increased at an average annual rate of +3.8%. The pace of growth appeared the most rapid in 2013 when the average export price increased by 26%. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bangladesh ($X per unit), while the average price for exports to Switzerland ($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 the United States (+15.1%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Sewing Machine Imports

Imports into Italy

In 2022, purchases abroad of industrial sewing machines decreased by -1% to X units for the first time since 2017, thus ending a four-year rising trend. Over the period under review, total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +6.3% 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 +28.6% against 2017 indices. The growth pace was the most rapid in 2014 when imports increased by 31% against the previous year. Over the period under review, imports reached the maximum at X units in 2021, and then reduced slightly in the following year.

In value terms, industrial sewing machine imports soared to $X in 2022. Overall, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +6.4% 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 +66.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 31% against the previous year. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of industrial sewing machine to Italy, with a 42% share of total imports. Moreover, industrial sewing machine imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. The third position in this ranking was held by the Netherlands (X units), with a 15% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +12.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+5.4% per year) and the Netherlands (+4.9% per year).

In value terms, the largest industrial sewing machine suppliers to Italy were Germany ($X), China ($X) and the Netherlands ($X), together comprising 90% of total imports. Spain, Taiwan (Chinese), Japan and Poland lagged somewhat behind, together comprising a further 4.1%.

In terms of the main suppliers, Spain, with a CAGR of +18.8%, saw the highest rates of growth with regard to 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 machine import price stood at $X per unit in 2022, rising by 29% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 37%. Over the period under review, average import prices reached 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 ($X per unit), while the price for Poland ($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 (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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