Slovakia: Household Sewing Machine Market 2024

Household Sewing Machine Market Size in Slovakia

In 2021, the Slovak household sewing machine market decreased by -17.9% to $X, falling for the third consecutive year after two years of growth. In general, consumption continues to indicate a pronounced descent. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Household Sewing Machine Production in Slovakia

In value terms, household sewing machine production soared to $X in 2021 estimated in export price. In general, production, however, saw a abrupt setback. The pace of growth appeared the most rapid in 2018 when the production volume increased by 383% against the previous year. Household sewing machine production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Household Sewing Machine Exports

Exports from Slovakia

In 2021, after four years of growth, there was significant decline in overseas shipments of household sewing machines, when their volume decreased by -47.2% to X units. Overall, exports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2018 with an increase of 143% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, household sewing machine exports fell sharply to $X in 2021. Over the period under review, exports faced a deep contraction. The most prominent rate of growth was recorded in 2017 when exports increased by 107%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The Czech Republic (X units) was the main destination for household sewing machine exports from Slovakia, accounting for a 49% share of total exports. Moreover, household sewing machine exports to the Czech Republic exceeded the volume sent to the second major destination, Poland (X units), twofold. The third position in this ranking was taken by Hungary (X units), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to the Czech Republic stood at -10.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-18.2% per year) and Hungary (-25.2% per year).

In value terms, the Czech Republic ($X) remains the key foreign market for household sewing machines exports from Slovakia, comprising 61% of total exports. The second position in the ranking was held by Poland ($X), with a 13% share of total exports. It was followed by Germany, with a 9.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the Czech Republic stood at -5.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-20.3% per year) and Germany (+117.3% per year).

Export Prices by Country

In 2021, the average household sewing machine export price amounted to $X per unit, with a decrease of -13% against the previous year. Overall, the export price, however, saw a temperate expansion. The most prominent rate of growth was recorded in 2013 when the average export price increased by 77%. The export price peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Poland ($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 the Czech Republic (+5.1%), while the prices for the other major destinations experienced a decline.

Household Sewing Machine Imports

Imports into Slovakia

In 2021, after four years of growth, there was significant decline in supplies from abroad of household sewing machines, when their volume decreased by -34.2% to X units. Overall, imports, however, saw prominent growth. The pace of growth was the most pronounced in 2013 with an increase of 104%. Imports peaked at X units in 2020, and then fell remarkably in the following year.

In value terms, household sewing machine imports dropped significantly to $X in 2021. Over the period under review, imports, however, continue to indicate a strong increase. The growth pace was the most rapid in 2017 with an increase of 104% against the previous year. Imports peaked at $X in 2020, and then reduced rapidly in the following year.

Imports by Country

The Czech Republic (X units), Germany (X units) and Poland (X units) were the main suppliers of household sewing machine imports to Slovakia, together accounting for 94% of total imports. France and China lagged somewhat behind, together comprising a further 3.2%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +86.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X) constituted the largest supplier of household sewing machines to Slovakia, comprising 61% of total imports. The second position in the ranking was taken by Germany ($X), with a 25% share of total imports. It was followed by Poland, with an 8% share.

From 2012 to 2021, the average annual growth rate of value from the Czech Republic totaled +26.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+24.4% per year) and Poland (+64.0% per year).

Import Prices by Country

In 2021, the average household sewing machine import price amounted to $X per unit, dropping by -14.2% against the previous year. Over the period under review, the import price saw a perceptible setback. The growth pace was the most rapid in 2015 when the average import price increased by 24% against the previous year. As a result, import price attained the peak level of $X per unit. From 2016 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+5.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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