Luxembourg: Household Sewing Machine Market 2024

Household Sewing Machine Market Size in Luxembourg

After three years of growth, the Luxembourg household sewing machine market decreased by -25.3% to $X in 2021. Over the period under review, the total consumption indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Household sewing machine consumption peaked at $X in 2020, and then fell notably in the following year.

Household Sewing Machine Exports

Exports from Luxembourg

In 2021, shipments abroad of household sewing machines increased by 254% to X units, rising for the second consecutive year after two years of decline. In general, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 571%. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, household sewing machine exports skyrocketed to $X in 2021. Overall, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2017 when exports increased by 695% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

France (X units) was the main destination for household sewing machine exports from Luxembourg, with a 77% share of total exports. Moreover, household sewing machine exports to France exceeded the volume sent to the second major destination, Belgium (X units), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to France totaled +77.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+28.3% per year) and Germany (+5.8% per year).

In value terms, France ($X) emerged as the key foreign market for household sewing machines exports from Luxembourg, comprising 81% of total exports. The second position in the ranking was held by Belgium ($X), with an 18% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to France totaled +84.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+31.1% per year) and Germany (+9.5% per year).

Export Prices by Country

The average household sewing machine export price stood at $X per unit in 2021, growing by 11% against the previous year. In general, export price indicated a temperate increase from 2012 to 2021: its price increased at an average annual rate of +3.9% 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 decreased by -24.8% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the average export price increased by 34%. As a result, the export price attained the peak level of $X per unit. From 2020 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Belgium ($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 France (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.

Household Sewing Machine Imports

Imports into Luxembourg

In 2021, purchases abroad of household sewing machines decreased by -1.9% to X units for the first time since 2017, thus ending a three-year rising trend. In general, imports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2019 when imports increased by 79%. Imports peaked at X units in 2020, and then fell modestly in the following year.

In value terms, household sewing machine imports expanded to $X in 2021. Over the period under review, imports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2020 when imports increased by 39%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the near future.

Imports by Country

Belgium (X units), Denmark (X units) and France (X units) were the main suppliers of household sewing machine imports to Luxembourg, together comprising 76% of total imports.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +23.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Belgium ($X) and Denmark ($X) constituted the largest household sewing machine suppliers to Luxembourg, with a combined 82% share of total imports. These countries were followed by France, Japan and China, which together accounted for a further 16%.

Among the main suppliers, France, with a CAGR of +21.6%, 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 household sewing machine import price stood at $X per unit in 2021, increasing by 4% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of 19%. As a result, import price reached the peak level of $X per unit. From 2016 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+5.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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