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

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

The Japanese industrial sewing machines (non-automatic) market declined modestly to $X in 2022, which is down by -4.3% against the previous year. The market value increased at an average annual rate of +2.3% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. Industrial sewing machines (non-automatic) consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, industrial sewing machines (non-automatic) production declined to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.2% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the production volume increased by 7.3% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Exports of Industrial Sewing Machines (Non-Automatic)

Exports from Japan

In 2022, overseas shipments of industrial sewing machines (non-automatic) increased by 22% to X units, rising for the second year in a row after two years of decline. Overall, exports, however, saw a deep setback. The most prominent rate of growth was recorded in 2021 when exports increased by 64%. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, industrial sewing machines (non-automatic) exports expanded notably to $X in 2022. Over the period under review, exports, however, saw a perceptible decrease. The pace of growth was the most pronounced in 2021 when exports increased by 75%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Singapore (X units), Hong Kong SAR (X units) and the United States (X units) were the main destinations of industrial sewing machines (non-automatic) exports from Japan, together accounting for 57% of total exports. China, Turkey, Bangladesh, the Netherlands, Germany, India, Vietnam, Indonesia, South Korea and Poland lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +31.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for industrial sewing machines (non-automatic) exported from Japan were Singapore ($X), Hong Kong SAR ($X) and the United States ($X), with a combined 57% share of total exports. China, Turkey, Bangladesh, the Netherlands, Germany, India, Vietnam, Indonesia, South Korea and Poland lagged somewhat behind, together comprising a further 35%.

The Netherlands, with a CAGR of +32.3%, 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 more modest paces of growth.

Export Prices by Country

In 2022, the average industrial sewing machines (non-automatic) export price amounted to $X per unit, reducing by -10% against the previous year. In general, export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 an increase of 15% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Poland ($X per unit) and Indonesia ($X per unit), while the average price for exports to India ($X per unit) and Germany ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+17.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Industrial Sewing Machines (Non-Automatic)

Imports into Japan

In 2022, purchases abroad of industrial sewing machines (non-automatic) increased by 3.8% to X units, rising for the second consecutive year after four years of decline. In general, imports, however, recorded a deep downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 71%. Imports peaked at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, industrial sewing machines (non-automatic) imports soared to $X in 2022. Over the period under review, imports, however, continue to indicate a perceptible curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 82% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) was the main supplier of industrial sewing machines (non-automatic) to Japan, with a 94% share of total imports. It was followed by Vietnam (X units), with a 2.5% share of total imports. Germany (X units) ranked third in terms of total imports with a 1.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled -9.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+4.5% per year) and Germany (-17.5% per year).

In value terms, China ($X) constituted the largest supplier of industrial sewing machines (non-automatic) to Japan, comprising 94% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 2.5% share of total imports. It was followed by Germany, with a 1.5% share.

From 2012 to 2022, the average annual growth rate of value from China stood at -3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+11.3% per year) and Germany (-12.2% per year).

Import Prices by Country

The average industrial sewing machines (non-automatic) import price stood at $X per unit in 2022, increasing by 12% against the previous year. Overall, import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, industrial sewing machines (non-automatic) import price increased by +87.3% against 2012 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were China ($X per unit) and Vietnam ($X per unit), while the price for Taiwan (Chinese) ($X per unit) and Germany ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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