Portugal: Industrial Sewing Machine Market 2024

Industrial Sewing Machine Market Size in Portugal

The Portuguese industrial sewing machine market dropped to $X in 2022, with a decrease of -12.4% against the previous year. Overall, consumption saw a deep contraction. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Industrial Sewing Machine Production in Portugal

In value terms, industrial sewing machine production contracted to $X in 2022 estimated in export price. In general, production recorded a deep reduction. The growth pace was the most rapid in 2021 when the production volume increased by 17% against the previous year. Industrial sewing machine production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Industrial Sewing Machine Exports

Exports from Portugal

Industrial sewing machine exports from Portugal shrank remarkably to X units in 2022, reducing by -27.3% on 2021 figures. Overall, exports continue to indicate a noticeable descent. The most prominent rate of growth was recorded in 2021 with an increase of 60%. As a result, the exports reached the peak of X units, and then contracted markedly in the following year.

In value terms, industrial sewing machine exports stood at $X in 2022. In general, exports, however, recorded moderate growth. The pace of growth appeared the most rapid in 2016 when exports increased by 88%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units) was the main destination for industrial sewing machine exports from Portugal, with a 31% share of total exports. Moreover, industrial sewing machine exports to Germany exceeded the volume sent to the second major destination, Mexico (X units), twofold. The third position in this ranking was held by Morocco (X units), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at -3.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+84.0% per year) and Morocco (+10.3% per year).

In value terms, Spain ($X), Germany ($X) and Mexico ($X) were the largest markets for industrial sewing machine exported from Portugal worldwide, with a combined 60% share of total exports.

Among the main countries of destination, Mexico, with a CAGR of +172.0%, saw the highest growth rate of the value of exports, 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 machine export price stood at $X per unit in 2022, surging by 40% against the previous year. Overall, the export price saw strong growth. The pace of growth was the most pronounced in 2016 when the average export price increased by 45%. Over the period under review, the average export prices attained the maximum at $X per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

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 Spain ($X per unit), while the average price for exports to Sierra Leone ($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.

Industrial Sewing Machine Imports

Imports into Portugal

In 2022, imports of industrial sewing machines into Portugal dropped to X units, waning by -12% against the year before. Overall, total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +7.3% 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 -2.4% against 2019 indices. The pace of growth was the most pronounced in 2014 with an increase of 83%. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, industrial sewing machine imports dropped significantly to $X in 2022. In general, imports, however, recorded a prominent expansion. The pace of growth appeared the most rapid in 2014 when imports increased by 90%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), the Netherlands (X units) and Germany (X units) were the main suppliers of industrial sewing machine imports to Portugal, with a combined 81% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +40.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and Italy ($X) were the largest industrial sewing machine suppliers to Portugal, with a combined 69% share of total imports.

Among the main suppliers, China, with a CAGR of +38.3%, saw the highest rates of growth with regard to 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 machine import price stood at $X per unit in 2022, waning by -5.3% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 24% against the previous year. The import price peaked at $X per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, 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 (+12.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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