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

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

The Luxembourg industrial sewing machines (non-automatic) market skyrocketed to $X in 2022, picking up by 888% against the previous year. Overall, consumption continues to indicate measured growth. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

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

In value terms, industrial sewing machines (non-automatic) production expanded to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.6% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 15% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Exports of Industrial Sewing Machines (Non-Automatic)

Exports from Luxembourg

In 2022, shipments abroad of industrial sewing machines (non-automatic) decreased by -99.4% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports faced a abrupt decrease. The growth pace was the most rapid in 2021 when exports increased by 9,800% against the previous year. As a result, the exports reached the peak of X units, and then contracted rapidly in the following year.

In value terms, industrial sewing machines (non-automatic) exports declined notably to $X in 2022. In general, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2020 when exports increased by 25,581% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then shrank dramatically in the following year.

Exports by Country

Belgium (X units) was the main destination for industrial sewing machines (non-automatic) exports from Luxembourg, accounting for a 75% share of total exports. Moreover, industrial sewing machines (non-automatic) exports to Belgium exceeded the volume sent to the second major destination, the UK (X units), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Belgium totaled -15.9%.

In value terms, the largest markets for industrial sewing machines (non-automatic) exported from Luxembourg were the UK ($X) and Belgium ($X).

Among the main countries of destination, the UK, with a CAGR of 0.0%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2022, the average industrial sewing machines (non-automatic) export price amounted to $X per unit, waning by -63.8% against the previous year. In general, the export price recorded a abrupt decline. The most prominent rate of growth was recorded in 2020 an increase of 3,569% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2021 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Belgium amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+120.7%).

Imports of Industrial Sewing Machines (Non-Automatic)

Imports into Luxembourg

In 2022, purchases abroad of industrial sewing machines (non-automatic) increased by 135% to X units, rising for the second year in a row after two years of decline. Overall, imports showed resilient growth. The most prominent rate of growth was recorded in 2013 when imports increased by 376% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, industrial sewing machines (non-automatic) imports declined rapidly to $X in 2022. Over the period under review, imports, however, showed a deep reduction. The most prominent rate of growth was recorded in 2016 with an increase of 309%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X units) constituted the largest supplier of industrial sewing machines (non-automatic) to Luxembourg, accounting for a 55% share of total imports. Moreover, industrial sewing machines (non-automatic) imports from the United States exceeded the figures recorded by the second-largest supplier, Vietnam (X units), fourfold. The third position in this ranking was taken by Germany (X units), with a 1.7% share.

From 2012 to 2022, the average annual growth rate of volume from the United States totaled +874.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (0.0% per year) and Germany (-25.1% per year).

In value terms, the largest industrial sewing machines (non-automatic) suppliers to Luxembourg were the United States ($X), Vietnam ($X) and Germany ($X), with a combined 71% share of total imports.

In terms of the main suppliers, the United States, with a CAGR of +783.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average industrial sewing machines (non-automatic) import price stood at $X per unit in 2022, reducing by -65.6% against the previous year. Overall, the import price faced a abrupt slump. The pace of growth appeared the most rapid in 2016 when the average import price increased by 167%. The import price peaked at $X per unit in 2012; however, from 2013 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 ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+22.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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