Scandinavia: Household Sewing Machine Market 2024

Household Sewing Machine Market Size in Scandinavia

The Scandinavia household sewing machine market was finally on the rise to reach $X in 2021, after three years of decline. In general, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Household Sewing Machine Production in Scandinavia

In value terms, household sewing machine production soared to $X in 2021 estimated in export price. In general, production, however, saw a deep contraction. The pace of growth appeared the most rapid in 2017 when the production volume increased by 133%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Household Sewing Machine Exports

Exports in Scandinavia

For the third consecutive year, Scandinavia recorded growth in overseas shipments of household sewing machines, which increased by 38% to X units in 2021. Overall, exports recorded buoyant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 57%. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in years to come.

In value terms, household sewing machine exports surged to $X in 2021. Total exports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +59.1% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Denmark represented the major exporter of household sewing machines in Scandinavia, with the volume of exports reaching X units, which was approx. 69% of total exports in 2021. Sweden (X units) took a 20% share (based on physical terms) of total exports, which put it in second place, followed by Norway (11%).

Denmark was also the fastest-growing in terms of the household sewing machines exports, with a CAGR of +13.6% from 2012 to 2021. At the same time, Norway (+5.7%) displayed positive paces of growth. Sweden experienced a relatively flat trend pattern. While the share of Denmark (+23 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Norway (-3 p.p.) and Sweden (-19.5 p.p.) displayed negative dynamics.

In value terms, Denmark ($X) remains the largest household sewing machine supplier in Scandinavia, comprising 54% of total exports. The second position in the ranking was held by Sweden ($X), with a 24% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Denmark amounted to +5.1%. In the other countries, the average annual rates were as follows: Sweden (+7.6% per year) and Norway (+4.1% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per unit in 2021, shrinking by -6.9% against the previous year. In general, the export price continues to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2013 an increase of 38%. Over the period under review, the export prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Norway ($X per unit), while Denmark ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+6.9%), while the other leaders experienced a decline in the export price figures.

Household Sewing Machine Imports

Imports in Scandinavia

In 2021, supplies from abroad of household sewing machines increased by 43% to X units, rising for the second year in a row after two years of decline. Overall, imports recorded a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, household sewing machine imports soared to $X in 2021. Total imports indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.9% 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 +79.3% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Denmark (X units) represented the key importer of household sewing machines, comprising 42% of total imports. It was distantly followed by Sweden (X units), Finland (X units) and Norway (X units), together committing a 57% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Denmark (with a CAGR of +4.7%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, Denmark ($X), Norway ($X) and Sweden ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for 88% of total imports.

Denmark, with a CAGR of +6.0%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per unit, picking up by 18% against the previous year. Over the last nine years, it increased at an average annual rate of +1.5%. The level of import peaked at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Norway ($X per unit), while Finland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+3.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform