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

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

For the third consecutive year, the Slovak industrial sewing machines (non-automatic) market recorded growth in sales value, which increased by 131% to $X in 2022. Overall, consumption continues to indicate buoyant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Industrial Sewing Machines (Non-Automatic) in Slovakia

In value terms, industrial sewing machines (non-automatic) production amounted to less than $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 with a decrease of 99.9% against the previous year. Industrial sewing machines (non-automatic) production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Industrial Sewing Machines (Non-Automatic)

Exports from Slovakia

In 2022, shipments abroad of industrial sewing machines (non-automatic) increased by 51% to X units, rising for the second year in a row after two years of decline. Overall, exports enjoyed a strong expansion. The pace of growth appeared the most rapid in 2013 when exports increased by 413%. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, industrial sewing machines (non-automatic) exports totaled $X in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 206% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

North Macedonia (X units), Turkey (X units) and Serbia (X units) were the main destinations of industrial sewing machines (non-automatic) exports from Slovakia, together comprising 96% of total exports.

From 2012 to 2022, the biggest increases were recorded for North Macedonia (with a CAGR of +87.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for industrial sewing machines (non-automatic) exported from Slovakia were Turkey ($X), Serbia ($X) and North Macedonia ($X), with a combined 87% share of total exports.

In terms of the main countries of destination, North Macedonia, with a CAGR of +69.3%, 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 machines (non-automatic) export price stood at $X per unit in 2022, which is down by -33.5% against the previous year. Over the period under review, the export price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 an increase of 1,173% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($X per unit), while the average price for exports to North Macedonia ($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 Serbia (+0.1%), while the prices for the other major destinations experienced a decline.

Imports of Industrial Sewing Machines (Non-Automatic)

Imports into Slovakia

After four years of growth, purchases abroad of industrial sewing machines (non-automatic) decreased by -80.6% to X units in 2022. In general, imports recorded a deep contraction. The growth pace was the most rapid in 2018 when imports increased by 87% against the previous year. Over the period under review, imports reached the peak figure at X units in 2021, and then reduced remarkably in the following year.

In value terms, industrial sewing machines (non-automatic) imports contracted remarkably to $X in 2022. Over the period under review, imports recorded a abrupt decline. The growth pace was the most rapid in 2015 with an increase of 38%. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest industrial sewing machines (non-automatic) supplier to Slovakia, accounting for a 68% share of total imports. Moreover, industrial sewing machines (non-automatic) imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +30.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-7.3% per year) and Italy (+5.8% per year).

In value terms, China ($X) constituted the largest supplier of industrial sewing machines (non-automatic) to Slovakia, comprising 31% of total imports. The second position in the ranking was held by Germany ($X), with a 6.7% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled +23.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-24.0% per year) and Italy (-21.8% per year).

Import Prices by Country

In 2022, the average industrial sewing machines (non-automatic) import price amounted to $X per unit, rising by 36% against the previous year. Over the period under review, the import price, however, saw a deep downturn. The most prominent rate of growth was recorded in 2017 an increase of 85%. As a result, import price attained the peak level of $X per unit. From 2018 to 2022, the average import prices remained at a somewhat 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 Italy ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+3.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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