Norway: Household Sewing Machine Market 2024

Household Sewing Machine Market Size in Norway

The Norwegian household sewing machine market soared to $X in 2021, jumping by 57% against the previous year. In general, the total consumption indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Household Sewing Machine Production in Norway

In value terms, household sewing machine production amounted to $X in 2021 estimated in export price. Over the period under review, production saw a perceptible setback. The pace of growth appeared the most rapid in 2017 with an increase of 1,750% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Household Sewing Machine Exports

Exports from Norway

In 2021, overseas shipments of household sewing machines increased by 29% to X units, rising for the third year in a row after two years of decline. In general, total exports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +46.2% against 2018 indices. The pace of growth appeared the most rapid in 2014 when exports increased by 41% against the previous year. The exports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, household sewing machine exports soared to $X in 2021. Overall, total exports indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Sweden (X units) was the main destination for household sewing machine exports from Norway, with a 93% share of total exports. It was followed by Denmark (X units), with a 2.5% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Sweden stood at +7.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (-16.2% per year) and Finland (+32.5% per year).

In value terms, Sweden ($X) remains the key foreign market for household sewing machines exports from Norway, comprising 94% of total exports. The second position in the ranking was taken by Denmark ($X), with a 2.8% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Sweden totaled +5.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (-15.6% per year) and Finland (+22.1% per year).

Export Prices by Country

In 2021, the average household sewing machine export price amounted to $X per unit, increasing by 15% against the previous year. Overall, the export price, however, saw a mild decline. The export price peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Denmark ($X per unit), while the average price for exports to Finland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+0.8%), while the prices for the other major destinations experienced a decline.

Household Sewing Machine Imports

Imports into Norway

In 2021, the amount of household sewing machines imported into Norway soared to X units, with an increase of 28% compared with 2020. Over the period under review, imports, however, saw a relatively flat trend pattern. Imports peaked at X units in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, household sewing machine imports skyrocketed to $X in 2021. In general, total imports indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +65.7% against 2015 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Taiwan (Chinese) (X units), Vietnam (X units) and Thailand (X units) were the main suppliers of household sewing machine imports to Norway, together accounting for 70% of total imports. China, Denmark, the Netherlands, Japan, Germany and Sweden lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +25.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of household sewing machines to Norway, comprising 36% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 15% share of total imports. It was followed by Thailand, with a 14% share.

From 2012 to 2021, the average annual growth rate of value from Taiwan (Chinese) amounted to +3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+9.9% per year) and Thailand (+22.2% per year).

Import Prices by Country

In 2021, the average household sewing machine import price amounted to $X per unit, increasing by 8.9% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.5%. The pace of growth appeared the most rapid in 2015 an increase of 42% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Sweden ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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