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

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

In 2022, the Spanish industrial sewing machines (non-automatic) market increased by 65% to $X, rising for the third consecutive year after two years of decline. Over the period under review, consumption posted a significant expansion. Industrial sewing machines (non-automatic) consumption peaked in 2022 and is expected to retain growth in years to come.

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

In value terms, industrial sewing machines (non-automatic) production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production enjoyed strong growth. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Industrial Sewing Machines (Non-Automatic)

Exports from Spain

After four years of growth, overseas shipments of industrial sewing machines (non-automatic) decreased by -80.8% to X units in 2022. Overall, exports, however, recorded measured growth. The pace of growth was the most pronounced in 2016 with an increase of 202% against the previous year. Over the period under review, the exports hit record highs at X units in 2021, and then contracted dramatically in the following year.

In value terms, industrial sewing machines (non-automatic) exports fell markedly to $X in 2022. In general, exports showed a noticeable decrease. The pace of growth was the most pronounced in 2016 with an increase of 105% against the previous year. The exports peaked at $X in 2021, and then dropped significantly in the following year.

Exports by Country

France (X units), Germany (X units) and Portugal (X units) were the main destinations of industrial sewing machines (non-automatic) exports from Spain, together accounting for 71% of total exports. Italy and Romania lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +62.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Portugal ($X) emerged as the key foreign market for industrial sewing machines (non-automatic) exports from Spain, comprising 40% of total exports. The second position in the ranking was held by Italy ($X), with a 15% share of total exports. It was followed by France, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to Portugal amounted to -2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+10.8% per year) and France (+22.3% per year).

Export Prices by Country

In 2022, the average industrial sewing machines (non-automatic) export price amounted to $X per unit, increasing by 58% against the previous year. Over the period under review, the export price, however, recorded a deep slump. The pace of growth appeared the most rapid in 2017 an increase of 71%. Over the period under review, the average export prices reached the maximum at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Portugal ($X per unit), while the average price for exports to France ($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 Italy (+9.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Industrial Sewing Machines (Non-Automatic)

Imports into Spain

In 2022, overseas purchases of industrial sewing machines (non-automatic) decreased by -17% to X units, falling for the second consecutive year after two years of growth. Overall, imports, however, recorded measured growth. The pace of growth appeared the most rapid in 2020 with an increase of 104%. As a result, imports reached the peak of X units. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, industrial sewing machines (non-automatic) imports soared to $X in 2022. In general, imports, however, showed perceptible growth. The most prominent rate of growth was recorded in 2014 when imports increased by 68%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of industrial sewing machines (non-automatic) to Spain, accounting for a 79% share of total imports. Moreover, industrial sewing machines (non-automatic) imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), eightfold. The third position in this ranking was taken by Germany (X units), with a 4.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+23.5% per year) and Germany (+11.9% per year).

In value terms, China ($X) constituted the largest supplier of industrial sewing machines (non-automatic) to Spain, comprising 59% of total imports. The second position in the ranking was taken by Germany ($X), with a 12% share of total imports. It was followed by Taiwan (Chinese), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.7% per year) and Taiwan (Chinese) (+16.4% per year).

Import Prices by Country

In 2022, the average industrial sewing machines (non-automatic) import price amounted to $X per unit, surging by 39% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 84%. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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