Netherlands: Industrial Sewing Machine Market 2024

Industrial Sewing Machine Market Size in the Netherlands

In 2022, the Dutch industrial sewing machine market decreased by -60.3% to $X, falling for the third consecutive year after two years of growth. Overall, consumption continues to indicate a abrupt slump. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Industrial Sewing Machine Exports

Exports from the Netherlands

In 2022, approx. X units of industrial sewing machines were exported from the Netherlands; declining by -3% compared with the previous year's figure. Overall, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when exports increased by 54% against the previous year. Over the period under review, the exports attained the maximum at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, industrial sewing machine exports reduced to $X in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when exports increased by 47% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X units) was the main destination for industrial sewing machine exports from the Netherlands, accounting for a 28% share of total exports. Moreover, industrial sewing machine exports to Italy exceeded the volume sent to the second major destination, Poland (X units), fourfold. Germany (X units) ranked third in terms of total exports with a 7.7% share.

From 2012 to 2022, the average annual growth rate of volume to Italy stood at +2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-9.1% per year) and Germany (-2.9% per year).

In value terms, Italy ($X) remains the key foreign market for industrial sewing machines exports from the Netherlands, comprising 21% of total exports. The second position in the ranking was taken by Germany ($X), with an 8.3% share of total exports. It was followed by Poland, with a 7.5% share.

From 2012 to 2022, the average annual growth rate of value to Italy stood at +2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-3.2% per year) and Poland (-5.6% per year).

Export Prices by Country

In 2022, the average industrial sewing machine export price amounted to $X per unit, which is down by -5.6% against the previous year. Over the period under review, the export price, however, continues to indicate modest growth. The pace of growth appeared the most rapid in 2017 when the average export price increased by 62%. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Sewing Machine Imports

Imports into the Netherlands

In 2022, overseas purchases of industrial sewing machines decreased by -32.3% to X units, falling for the second consecutive year after three years of growth. Over the period under review, imports, however, continue to indicate measured growth. The most prominent rate of growth was recorded in 2018 with an increase of 48% against the previous year. Over the period under review, imports hit record highs at X units in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, industrial sewing machine imports shrank markedly to $X in 2022. Overall, imports continue to indicate a mild slump. The most prominent rate of growth was recorded in 2016 with an increase of 71% against the previous year. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest industrial sewing machine supplier to the Netherlands, with a 72% share of total imports. Moreover, industrial sewing machine imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), sevenfold. Japan (X units) ranked third in terms of total imports with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+13.5% per year) and Japan (+0.5% per year).

In value terms, China ($X), Japan ($X) and Vietnam ($X) appeared to be the largest industrial sewing machine suppliers to the Netherlands, together accounting for 87% of total imports.

Among the main suppliers, Vietnam, with a CAGR of +43.6%, recorded 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

In 2022, the average industrial sewing machine import price amounted to $X per unit, dropping by -26.9% against the previous year. In general, the import price recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2016 an increase of 25%. Over the period under review, average import prices hit record highs at $X per unit in 2018; however, from 2019 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 ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+17.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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