Northern America: Sewing Machine Furniture Market 2024

Sewing Machine Furniture Market Size in Northern America

The North American sewing machine furniture market reached $X in 2022, rising by 3.8% against the previous year. In general, consumption, however, continues to indicate a significant expansion. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Sewing Machine Furniture Production in Northern America

In value terms, sewing machine furniture production reached $X in 2022 estimated in export price. In general, production, however, enjoyed a significant expansion. The growth pace was the most rapid in 2017 when the production volume increased by 153% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Sewing Machine Furniture Exports

Exports in Northern America

In 2022, sewing machine furniture exports in Northern America contracted notably to X tons, dropping by -19.1% compared with 2021. In general, exports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of 1,816%. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, sewing machine furniture exports rose to $X in 2022. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 11% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United States prevails in exports structure, resulting at X tons, which was approx. 93% of total exports in 2022. It was distantly followed by Canada (X tons), generating a 6.7% share of total exports.

Exports from the United States decreased at an average annual rate of -17.9% from 2012 to 2022. Canada (-17.5%) illustrated a downward trend over the same period. While the share of the United States (+93 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Canada (-93.3 p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest sewing machine furniture supplier in Northern America, comprising 99% of total exports. The second position in the ranking was taken by Canada ($X), with a 0.7% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States was relatively modest.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per kg, with an increase of 28% against the previous year. Overall, the export price, however, continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2013 when the export price increased by 180% against the previous year. The level of export peaked at $X per kg in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per kg), while Canada stood at $X per kg.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+28.8%).

Sewing Machine Furniture Imports

Imports in Northern America

In 2022, after two years of growth, there was significant decline in overseas purchases of furniture, bases and covers for sewing machines, when their volume decreased by -13.2% to X tons. Overall, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 844%. Over the period under review, imports reached the peak figure at X tons in 2021, and then dropped in the following year.

In value terms, sewing machine furniture imports dropped to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 26% against the previous year. As a result, imports attained the peak of $X, and then contracted modestly in the following year.

Imports by Country

In 2022, the United States (X tons) was the key importer of furniture, bases and covers for sewing machines, committing 90% of total imports. It was distantly followed by Canada (X tons), constituting a 10% share of total imports.

The United States was also the fastest-growing in terms of the furniture, bases and covers for sewing machines imports, with a CAGR of +5.3% from 2012 to 2022. Canada experienced a relatively flat trend pattern. From 2012 to 2022, the share of the United States increased by +90 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported furniture, bases and covers for sewing machines in Northern America, comprising 92% of total imports. The second position in the ranking was taken by Canada ($X), with a 7.8% share of total imports.

In the United States, sewing machine furniture imports remained relatively stable over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per ton, increasing by 13% against the previous year. Overall, the import price, however, recorded a significant decline. The growth pace was the most rapid in 2016 when the import price increased by 49% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while Canada stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.5%).

Source: IndexBox Platform

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