Portugal: Household Sewing Machine Market 2024

Household Sewing Machine Market Size in Portugal

In 2021, the Portuguese household sewing machine market increased by 7% to $X, rising for the third consecutive year after two years of decline. Overall, the total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +7.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +68.2% against 2018 indices. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in the immediate term.

Household Sewing Machine Exports

Exports from Portugal

Household sewing machine exports from Portugal contracted rapidly to X units in 2021, with a decrease of -39.9% compared with the year before. Overall, exports saw a perceptible downturn. The pace of growth was the most pronounced in 2014 when exports increased by 180% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, household sewing machine exports expanded rapidly to $X in 2021. Over the period under review, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2014 when exports increased by 181%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Spain (X units), Cabo Verde (X units) and Angola (X units) were the main destinations of household sewing machine exports from Portugal, with a combined 78% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +24.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for household sewing machine exported from Portugal were Tunisia ($X), Cabo Verde ($X) and Angola ($X), with a combined 70% share of total exports. These countries were followed by Spain, Sao Tome and Principe, Malta and Sierra Leone, which together accounted for a further 19%.

Spain, with a CAGR of +22.4%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average household sewing machine export price stood at $X per unit in 2021, surging by 82% against the previous year. In general, the export price, however, showed a mild downturn. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, 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 Tunisia ($X per unit), while the average price for exports to Sierra Leone ($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 Tunisia (+10.2%), while the prices for the other major destinations experienced mixed trend patterns.

Household Sewing Machine Imports

Imports into Portugal

In 2021, supplies from abroad of household sewing machines increased by 21% to X units, rising for the third consecutive year after two years of decline. Over the period under review, imports recorded a strong increase. The most prominent rate of growth was recorded in 2016 when imports increased by 66%. Imports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, household sewing machine imports totaled $X in 2021. Overall, total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +45.5% against 2019 indices. The most prominent rate of growth was recorded in 2016 with an increase of 47%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of household sewing machine to Portugal, accounting for a 59% share of total imports. Moreover, household sewing machine imports from Germany exceeded the figures recorded by the second-largest supplier, Spain (X units), threefold. China (X units) ranked third in terms of total imports with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at +18.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-2.0% per year) and China (+12.8% per year).

In value terms, Germany ($X) constituted the largest supplier of household sewing machines to Portugal, comprising 64% of total imports. The second position in the ranking was held by Spain ($X), with a 19% share of total imports. It was followed by China, with a 5.7% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled +14.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-5.7% per year) and China (+5.4% per year).

Import Prices by Country

The average household sewing machine import price stood at $X per unit in 2021, waning by -16.6% against the previous year. In general, the import price showed a pronounced descent. The growth pace was the most rapid in 2017 when the average import price increased by 33% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2018; however, from 2019 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 Denmark ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (-2.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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