Portugal: Market for Industrial Sewing Machines (Non-Automatic) 2024

Market Size for Industrial Sewing Machines (Non-Automatic) in Portugal

The Portuguese industrial sewing machines (non-automatic) market contracted significantly to $X in 2022, waning by -21.3% 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). Overall, consumption, however, continues to indicate a strong increase. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Exports of Industrial Sewing Machines (Non-Automatic)

Exports from Portugal

Industrial sewing machines (non-automatic) exports from Portugal reduced to X units in 2022, waning by -8.4% on the year before. Overall, exports continue to indicate a noticeable decline. The pace of growth appeared the most rapid in 2019 with an increase of 157%. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, industrial sewing machines (non-automatic) exports soared to $X in 2022. In general, exports recorded a noticeable downturn. The growth pace was the most rapid in 2021 with an increase of 54%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Mexico (X units), Morocco (X units) and Angola (X units) were the main destinations of industrial sewing machines (non-automatic) exports from Portugal, together accounting for 66% of total exports. Cabo Verde, Jordan, Indonesia, Sierra Leone, Turkey, Paraguay, the UK, India and Egypt lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2022, the biggest increases were recorded for Sierra Leone (with a CAGR of +188.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Morocco ($X) and Angola ($X) appeared to be the largest markets for industrial sewing machines (non-automatic) exported from Portugal worldwide, together comprising 68% of total exports.

Mexico, with a CAGR of +172.0%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 industrial sewing machines (non-automatic) export price stood at $X per unit in 2022, growing by 58% against the previous year. In general, the export price enjoyed modest growth. Over the period under review, the average export prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Egypt ($X per unit), while the average price for exports to Sierra Leone ($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 Mexico (+47.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Industrial Sewing Machines (Non-Automatic)

Imports into Portugal

Industrial sewing machines (non-automatic) imports into Portugal dropped markedly to X units in 2022, waning by -23.9% against the year before. Overall, total imports indicated a notable increase from 2012 to 2022: its volume increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -5.5% against 2019 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 77%. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, industrial sewing machines (non-automatic) imports fell rapidly to $X in 2022. Over the period under review, total imports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -12.8% against 2019 indices. The pace of growth was the most pronounced in 2014 with an increase of 88% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The Netherlands (X units), China (X units) and Germany (X units) were the main suppliers of industrial sewing machines (non-automatic) imports to Portugal, together comprising 76% of total imports. Italy, Poland, Taiwan (Chinese) and Spain lagged somewhat behind, together accounting for a further 21%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +26.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and China ($X) appeared to be the largest industrial sewing machines (non-automatic) suppliers to Portugal, together comprising 71% of total imports.

In terms of the main suppliers, China, with a CAGR of +30.2%, saw 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

The average industrial sewing machines (non-automatic) import price stood at $X per unit in 2022, picking up by 9.8% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 35%. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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