Japan: Household Sewing Machine Market 2024

Household Sewing Machine Market Size in Japan

The Japanese household sewing machine market dropped remarkably to $X in 2021, waning by -17.1% against the previous year. In general, consumption showed a noticeable contraction. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Household Sewing Machine Production in Japan

In value terms, household sewing machine production rose markedly to $X in 2021 estimated in export price. In general, production, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2016 when the production volume increased by 47% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Household Sewing Machine Exports

Exports from Japan

Household sewing machine exports from Japan dropped slightly to X units in 2021, with a decrease of -4.5% on the previous year. Overall, exports saw a perceptible setback. The growth pace was the most rapid in 2019 with an increase of 25%. The exports peaked at X units in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, household sewing machine exports rose significantly to $X in 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units), the United States (X units) and the United Arab Emirates (X units) were the main destinations of household sewing machine exports from Japan, together accounting for 85% of total exports. Australia, Norway, Vietnam and Myanmar lagged somewhat behind, together comprising a further 8.5%.

From 2012 to 2021, the biggest increases were recorded for Norway (with a CAGR of +38.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the United States ($X) and the United Arab Emirates ($X) were the largest markets for household sewing machine exported from Japan worldwide, with a combined 85% share of total exports.

Germany, with a CAGR of +26.3%, 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 mixed trend patterns.

Export Prices by Country

The average household sewing machine export price stood at $X per unit in 2021, growing by 19% against the previous year. In general, export price indicated a pronounced increase from 2012 to 2021: its price increased at an average annual rate of +3.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, household sewing machine export price increased by +38.0% against 2019 indices. The pace of growth appeared the most rapid in 2017 when the average export price increased by 23%. Over the period under review, the average export prices hit record highs in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Norway ($X per unit), while the average price for exports to Myanmar ($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 Afghanistan (+21.6%), while the prices for the other major destinations experienced more modest paces of growth.

Household Sewing Machine Imports

Imports into Japan

In 2021, household sewing machine imports into Japan plummeted to X units, with a decrease of -19.2% on 2020 figures. Over the period under review, imports showed a pronounced shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 60%. Imports peaked at X units in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, household sewing machine imports dropped to $X in 2021. Overall, imports saw a slight decline. The growth pace was the most rapid in 2020 with an increase of 68%. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

China (X units), Vietnam (X units) and Taiwan (Chinese) (X units) were the main suppliers of household sewing machine imports to Japan, together comprising 93% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +4.7%), while imports for the other leaders experienced a decline.

In value terms, China ($X), Vietnam ($X) and Taiwan (Chinese) ($X) were the largest household sewing machine suppliers to Japan, together comprising 93% of total imports.

Vietnam, with a CAGR of +7.8%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average household sewing machine import price amounted to $X per unit, growing by 5.9% against the previous year. Overall, import price indicated a pronounced increase from 2012 to 2021: its price increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, household sewing machine import price increased by +4.2% against 2018 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 22%. Over the period under review, average import prices hit record highs in 2021 and is likely to see steady growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Thailand ($X per unit) and Vietnam ($X per unit), while the price for Taiwan (Chinese) ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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