Japan: Sewing Machine Needle Market 2024

Sewing Machine Needle Market Size in Japan

The Japanese sewing machine needle market expanded significantly to $X in 2022, growing by 7.6% against the previous year. Overall, consumption showed prominent growth. Sewing machine needle consumption peaked in 2022 and is likely to see gradual growth in the near future.

Sewing Machine Needle Production in Japan

In value terms, sewing machine needle production reached $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the production volume increased by 3.9% against the previous year. Sewing machine needle production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Sewing Machine Needle Exports

Exports from Japan

In 2022, overseas shipments of sewing machine needles decreased by -57.3% to X units, falling for the sixth year in a row after two years of growth. Over the period under review, exports showed a precipitous slump. The pace of growth was the most pronounced in 2013 when exports increased by 5.5%. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, sewing machine needle exports declined sharply to $X in 2022. Overall, exports recorded a sharp slump. The pace of growth was the most pronounced in 2016 with an increase of 0.2% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X units) was the main destination for sewing machine needle exports from Japan, with a 37% share of total exports. Moreover, sewing machine needle exports to the United Arab Emirates exceeded the volume sent to the second major destination, the United States (X units), threefold. Hong Kong SAR (X units) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates totaled -16.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-5.6% per year) and Hong Kong SAR (-40.1% per year).

In value terms, the United States ($X), China ($X) and Taiwan (Chinese) ($X) were the largest markets for sewing machine needle exported from Japan worldwide, together accounting for 52% of total exports.

Among the main countries of destination, the United States, with a CAGR of -9.9%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average sewing machine needle export price amounted to $X per thousand units, falling by -13.9% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 10% against the previous year. As a result, the export price attained the peak level of $X per thousand units, and then shrank in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per thousand units), while the average price for exports to the United Arab Emirates ($X per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.

Sewing Machine Needle Imports

Imports into Japan

In 2022, supplies from abroad of sewing machine needles increased by 2.5% to X units, rising for the second consecutive year after three years of decline. In general, imports, however, saw a abrupt curtailment. The growth pace was the most rapid in 2015 when imports increased by 18% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, sewing machine needle imports declined modestly to $X in 2022. Overall, imports, however, showed a abrupt decrease. The pace of growth was the most pronounced in 2015 when imports increased by 37%. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Vietnam (X units) was the main supplier of sewing machine needle to Japan, with a 97% share of total imports. It was followed by China (X units), with a 1.9% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Vietnam amounted to -8.3%.

In value terms, Vietnam ($X) constituted the largest supplier of sewing machine needles to Japan, comprising 96% of total imports. The second position in the ranking was held by China ($X), with a 1.4% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Vietnam amounted to -6.8%.

Import Prices by Country

The average sewing machine needle import price stood at $X per thousand units in 2022, shrinking by -2.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2013 an increase of 25% against the previous year. Over the period under review, average import prices attained the peak figure at $X per thousand units in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per thousand units), while the price for China stood at $X per thousand units.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+1.6%).

Source: IndexBox Platform

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