Report Update Nov 1, 2024

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

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New Zealand: Sewing Machine Needle Market 2024

Sewing Machine Needle Market Size in New Zealand

The New Zealand sewing machine needle market soared to $X in 2022, increasing by 41% 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 saw a modest expansion. Sewing machine needle consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Sewing Machine Needle Exports

Exports from New Zealand

In 2022, approx. X units of sewing machine needles were exported from New Zealand; dropping by -97.3% on the year before. In general, exports, however, recorded a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of 776%. As a result, the exports attained the peak of X units, and then reduced sharply in the following year.

In value terms, sewing machine needle exports reduced rapidly to $X in 2022. Over the period under review, exports, however, showed a moderate expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 372% against the previous year. As a result, the exports reached the peak of $X, and then contracted markedly in the following year.

Exports by Country

Australia (X units) was the main destination for sewing machine needle exports from New Zealand, with a 98% share of total exports. It was followed by Fiji (X units), with a 0.7% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Australia totaled +2.7%.

In value terms, Australia ($X) remains the key foreign market for sewing machine needles exports from New Zealand, comprising 98% of total exports. The second position in the ranking was held by Fiji ($X), with a 0.7% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Australia was relatively modest.

Export Prices by Country

In 2022, the average sewing machine needle export price amounted to $X per thousand units, increasing by 141% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt downturn. The export price peaked at $X per thousand units in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Fiji ($X per thousand units), while the average price for exports to Australia stood at $X per thousand units.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (-4.0%).

Sewing Machine Needle Imports

Imports into New Zealand

In 2022, the amount of sewing machine needles imported into New Zealand reduced rapidly to X units, which is down by -31.9% on 2021 figures. Over the period under review, imports, however, recorded a noticeable increase. The pace of growth appeared the most rapid in 2021 with an increase of 125%. As a result, imports attained the peak of X units, and then shrank sharply in the following year.

In value terms, sewing machine needle imports declined significantly to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 108%. As a result, imports reached the peak of $X, and then fell remarkably in the following year.

Imports by Country

In 2022, India (X units) constituted the largest supplier of sewing machine needle to New Zealand, accounting for a 60% share of total imports. Moreover, sewing machine needle imports from India exceeded the figures recorded by the second-largest supplier, Singapore (X units), threefold. Vietnam (X units) ranked third in terms of total imports with an 8.7% share.

From 2012 to 2022, the average annual growth rate of volume from India amounted to +23.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (-4.2% per year) and Vietnam (+8.7% per year).

In value terms, India ($X) constituted the largest supplier of sewing machine needles to New Zealand, comprising 60% of total imports. The second position in the ranking was taken by Singapore ($X), with a 19% share of total imports. It was followed by Vietnam, with an 8.7% share.

From 2012 to 2022, the average annual growth rate of value from India stood at +16.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (-3.9% per year) and Vietnam (+4.9% per year).

Import Prices by Country

The average sewing machine needle import price stood at $X per thousand units in 2022, shrinking by -2.1% against the previous year. Overall, the import price continues to indicate a pronounced shrinkage. The pace of growth appeared the most rapid in 2013 an increase of 34%. As a result, import price attained the peak level of $X per thousand units. From 2014 to 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Vietnam ($X per thousand units) and India ($X per thousand units), while the price for Singapore ($X per thousand units) and China ($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 Vietnam (-3.7%), 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. The third position in this ranking was occupied by Bulgaria, 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, with a combined 64% share of global production. South Korea, Singapore, Germany and China lagged somewhat behind, together comprising a further 27%.

What are the leading suppliers of sewing machine needles to New Zealand?

In value terms, India constituted the largest supplier of sewing machine needle to New Zealand, comprising 59% of total imports. The second position in the ranking was occupied by Singapore, with a 28% share of total imports.

What are the leading importers of sewing machine needles from New Zealand?

In value terms, Australia emerged as the key foreign market for sewing machine needle exports from New Zealand, comprising 83% of total exports. The second position in the ranking was occupied by Fiji, with a 16% share of total exports.

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

The average sewing machine needle export price stood at $102 per unit in 2021, surging by 12% against the previous year.

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

The average sewing machine needle import price stood at $16 per unit in 2021, with a decrease of -82.4% against the previous year.

This report provides an in-depth analysis of the sewing machine needle market in New Zealand. 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:

New Zealand

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in New Zealand
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