Russian Federation: Household Sewing Machine Market 2024

Household Sewing Machine Market Size in the Russian Federation

The Russian household sewing machine market soared to $X in 2021, growing by 45% against the previous year. Over the period under review, consumption, however, recorded a slight curtailment. Household sewing machine consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Household Sewing Machine Production in the Russian Federation

In value terms, household sewing machine production amounted to $X in 2021 estimated in export price. Overall, production showed a significant increase. The growth pace was the most rapid in 2016 with an increase of 1,182% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Household Sewing Machine Exports

Exports from the Russian Federation

In 2021, overseas shipments of household sewing machines were finally on the rise to reach X units after two years of decline. In general, exports recorded significant growth. The pace of growth was the most pronounced in 2017 with an increase of 294%. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in the near future.

In value terms, household sewing machine exports surged to $X in 2021. Overall, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Uzbekistan (X units) was the main destination for household sewing machine exports from Russia, with a 57% share of total exports. Moreover, household sewing machine exports to Uzbekistan exceeded the volume sent to the second major destination, Tajikistan (X units), twofold. Belarus (X units) ranked third in terms of total exports with a 14% share.

From 2012 to 2021, the average annual growth rate of volume to Uzbekistan stood at +8.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tajikistan (+37.6% per year) and Belarus (+26.3% per year).

In value terms, Uzbekistan ($X), Belarus ($X) and Tajikistan ($X) constituted the largest markets for household sewing machine exported from Russia worldwide, with a combined 94% share of total exports. These countries were followed by Armenia, which accounted for a further 3.2%.

Armenia, with a CAGR of +343.8%, saw the highest rates of growth with regard to 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 1.6% against the previous year. Overall, the export price, however, saw a deep setback. The most prominent rate of growth was recorded in 2020 when the average export price increased by 20% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 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 Belarus ($X per unit), while the average price for exports to Tajikistan ($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 Uzbekistan (+41.4%), while the prices for the other major destinations experienced mixed trend patterns.

Household Sewing Machine Imports

Imports into the Russian Federation

In 2021, the amount of household sewing machines imported into Russia soared to X units, with an increase of 24% against the previous year's figure. Overall, imports, however, continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2017 with an increase of 119% against the previous year. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, household sewing machine imports skyrocketed to $X in 2021. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by 213%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest supplier of household sewing machine to Russia, with a 47% share of total imports. Moreover, household sewing machine imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X units), threefold. The third position in this ranking was taken by Thailand (X units), with an 18% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+7.7% per year) and Thailand (-5.0% per year).

In value terms, the largest household sewing machine suppliers to Russia were Thailand ($X), Vietnam ($X) and China ($X), together comprising 79% of total imports.

In terms of the main suppliers, Vietnam, with a CAGR of +21.8%, 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

In 2021, the average household sewing machine import price amounted to $X per unit, surging by 10% against the previous year. Over the period under review, the import price showed a resilient increase. The pace of growth was the most pronounced in 2017 an increase of 43% against the previous year. As a result, import price reached the peak level of $X per unit. From 2018 to 2021, the average import prices remained 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 Taiwan (Chinese) ($X per unit), while the price for Belarus ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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