South-Eastern Asia: Sewing Machine Furniture Market 2025

Sewing Machine Furniture Market Size in South-Eastern Asia

The Southeast Asian sewing machine furniture market reached $X in 2022, therefore, remained relatively stable against the previous year. Overall, consumption posted buoyant growth. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Sewing Machine Furniture Production in South-Eastern Asia

In value terms, sewing machine furniture production expanded slightly to $X in 2022 estimated in export price. In general, production enjoyed a significant expansion. The growth pace was the most rapid in 2017 with an increase of 2,042% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Sewing Machine Furniture Exports

Exports in South-Eastern Asia

In 2022, the amount of furniture, bases and covers for sewing machines exported in South-Eastern Asia dropped notably to X tons, waning by -23.9% on 2021. Overall, exports recorded a mild decline. The pace of growth appeared the most rapid in 2017 with an increase of 186%. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, sewing machine furniture exports dropped markedly to $X in 2022. Total exports indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +21.9% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of 76% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Malaysia was the main exporter of furniture, bases and covers for sewing machines in South-Eastern Asia, with the volume of exports resulting at X tons, which was approx. 59% of total exports in 2022. Vietnam (X tons) ranks second in terms of the total exports with a 13% share, followed by Thailand (13%), Singapore (9.3%) and the Philippines (4.9%).

Malaysia experienced a relatively flat trend pattern with regard to volume of exports of furniture, bases and covers for sewing machines. At the same time, the Philippines (+15.3%) and Vietnam (+5.2%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +15.3% from 2012-2022. By contrast, Thailand (-3.2%) and Singapore (-9.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Malaysia, Vietnam and the Philippines increased by +8.6, +5.9 and +3.8 percentage points, respectively.

In value terms, Malaysia ($X), Vietnam ($X) and Singapore ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for 85% of total exports.

Among the main exporting countries, Malaysia, with a CAGR of +15.8%, saw the highest rates of growth with regard to 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 export price in South-Eastern Asia stood at $X per ton in 2022, growing by 4.3% against the previous year. Export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sewing machine furniture export price increased by +35.6% against 2018 indices. The pace of growth was the most pronounced in 2016 an increase of 60% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+15.1%), while the other leaders experienced more modest paces of growth.

Sewing Machine Furniture Imports

Imports in South-Eastern Asia

Sewing machine furniture imports dropped to X tons in 2022, falling by -9.9% compared with the previous year. Total imports indicated a tangible expansion from 2012 to 2022: its volume increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +15.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 28%. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, sewing machine furniture imports contracted significantly to $X in 2022. Total imports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +17.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 40%. As a result, imports reached the peak of $X, and then reduced dramatically in the following year.

Imports by Country

In 2022, Vietnam (X tons) was the largest importer of furniture, bases and covers for sewing machines, generating 44% of total imports. It was distantly followed by Malaysia (X tons), Singapore (X tons), Indonesia (X tons), Myanmar (X tons), the Philippines (X tons) and Thailand (X tons), together creating a 52% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to sewing machine furniture imports into Vietnam stood at +4.1%. At the same time, Malaysia (+28.0%), Myanmar (+25.2%) and the Philippines (+4.6%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +28.0% from 2012-2022. Singapore experienced a relatively flat trend pattern. By contrast, Thailand (-4.0%) and Indonesia (-6.6%) illustrated a downward trend over the same period. While the share of Malaysia (+10 p.p.), Myanmar (+6 p.p.) and Vietnam (+5.8 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Singapore (-2.1 p.p.), Thailand (-4.5 p.p.) and Indonesia (-17.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) constitutes the largest market for imported furniture, bases and covers for sewing machines in South-Eastern Asia, comprising 48% of total imports. The second position in the ranking was taken by Singapore ($X), with a 16% share of total imports. It was followed by Malaysia, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Vietnam stood at +6.4%. The remaining importing countries recorded the following average annual rates of imports growth: Singapore (+0.3% per year) and Malaysia (+27.7% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, declining by -7.2% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2013 when the import price increased by 14%. Over the period under review, import prices hit record highs at $X per ton in 2021, and then shrank in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+5.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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