Report Update Nov 1, 2024

Luxembourg - Sewing Machine Needles - Market Analysis, Forecast, Size, Trends and Insights

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Luxembourg: Sewing Machine Needle Market 2024

Sewing Machine Needle Market Size in Luxembourg

The Luxembourg sewing machine needle market shrank significantly to $X in 2022, waning by -56% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a abrupt setback. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Sewing Machine Needle Exports

Exports from Luxembourg

In 2022, after two years of growth, there was significant decline in shipments abroad of sewing machine needles, when their volume decreased by -16.7% to X units. The total export volume increased at an average annual rate of +9.2% from 2020 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 43% against the previous year. As a result, the exports reached the peak of X units, and then dropped remarkably in the following year.

In value terms, sewing machine needle exports fell slightly to $X in 2022. The total export value increased at an average annual rate of +1.6% over the period from 2020 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 6.4% against the previous year. As a result, the exports attained the peak of $X, and then reduced in the following year.

Exports by Country

Brazil (X units) was the main destination for sewing machine needle exports from Luxembourg, with a 67% share of total exports. Moreover, sewing machine needle exports to Brazil exceeded the volume sent to the second major destination, France (X units), twofold.

From 2020 to 2022, the average annual growth rate of volume to Brazil stood at +1.3%.

In value terms, Brazil ($X) emerged as the key foreign market for sewing machine needles exports from Luxembourg, comprising 92% of total exports. The second position in the ranking was held by France ($X), with a 7.8% share of total exports.

From 2020 to 2022, the average annual rate of growth in terms of value to Brazil amounted to +14.9%.

Export Prices by Country

In 2022, the average sewing machine needle export price amounted to $X per thousand units, increasing by 16% against the previous year. Over the period under review, the export price, however, recorded a abrupt descent. Over the period under review, the average export prices reached the peak figure at $X per thousand units in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

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

From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+13.9%).

Sewing Machine Needle Imports

Imports into Luxembourg

In 2022, approx. X units of sewing machine needles were imported into Luxembourg; shrinking by -60.4% against 2021 figures. In general, imports showed a deep reduction. The most prominent rate of growth was recorded in 2020 with an increase of 295%. Imports peaked at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, sewing machine needle imports contracted dramatically to $X in 2022. Overall, imports showed a abrupt slump. The most prominent rate of growth was recorded in 2020 with an increase of 193% against the previous year. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

India (X units), Germany (X units) and Belgium (X units) were the main suppliers of sewing machine needle imports to Luxembourg, with a combined 89% share of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +57.4%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest sewing machine needle suppliers to Luxembourg were India ($X), Germany ($X) and Belgium ($X), together comprising 89% of total imports.

Among the main suppliers, India, with a CAGR of +51.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average sewing machine needle import price stood at $X per thousand units in 2022, with an increase of 25% against the previous year. Over the period under review, the import price, however, showed a pronounced slump. Over the period under review, average import prices hit record highs at $X per thousand units in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the Czech Republic ($X per thousand units) and France ($X per thousand units), while the price for Belgium ($X per thousand units) and Germany ($X per thousand units) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (-0.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sewing machine needles in the world?

The Czech Republic constituted the country with the largest volume of sewing machine needle consumption, comprising approx. 69% of total volume. Moreover, sewing machine needle consumption in the Czech Republic exceeded the figures recorded by the second-largest consumer, Slovakia, more than tenfold. Bulgaria ranked third in terms of total consumption with a 3% share.

What are the largest producers of sewing machine needles in the world?

The countries with the highest volumes of in 2021 were Vietnam, India and the Czech Republic, together comprising 64% of global production. These countries were followed by South Korea, Singapore, Germany and China, which together accounted for a further 27%.

What are the leading suppliers of sewing machine needles to Luxembourg?

In value terms, the largest sewing machine needle suppliers to Luxembourg were Germany and Belgium.

What are the leading importers of sewing machine needles from Luxembourg?

In value terms, China remains the key foreign market for sewing machine needle exports from Luxembourg.

What is the average export price for sewing machine needles in Luxembourg?

The average sewing machine needle export price stood at $101 per unit in 2021, surging by 7.4% against the previous year.

What is the average import price for sewing machine needles in Luxembourg?

In 2021, the average sewing machine needle import price amounted to $121 per unit, flattening at the previous year.

This report provides an in-depth analysis of the sewing machine needle market in Luxembourg. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28945230 - Sewing machine needles

Country coverage:

Luxembourg

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Luxembourg
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023