Spain: Industrial Sewing Machine Market 2024

Industrial Sewing Machine Market Size in Spain

The Spanish industrial sewing machine market skyrocketed to $X in 2022, with an increase of 38% against the previous year. In general, consumption showed prominent growth. Industrial sewing machine consumption peaked in 2022 and is likely to see gradual growth in the near future.

Industrial Sewing Machine Production in Spain

In value terms, industrial sewing machine production dropped rapidly to $X in 2022 estimated in export price. Over the period under review, production saw a buoyant expansion. The pace of growth was the most pronounced in 2017 with an increase of 64%. Industrial sewing machine production peaked at $X in 2021, and then contracted rapidly in the following year.

Industrial Sewing Machine Exports

Exports from Spain

In 2022, shipments abroad of industrial sewing machines decreased by -80.1% to X units for the first time since 2017, thus ending a four-year rising trend. Overall, exports, however, showed a perceptible increase. The most prominent rate of growth was recorded in 2016 with an increase of 197% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2021, and then dropped dramatically in the following year.

In value terms, industrial sewing machine exports contracted dramatically to $X in 2022. In general, exports, however, posted a temperate increase. The most prominent rate of growth was recorded in 2016 when exports increased by 72%. The exports peaked at $X in 2021, and then contracted sharply in the following year.

Exports by Country

France (X units), Germany (X units) and Portugal (X units) were the main destinations of industrial sewing machine exports from Spain, with a combined 68% share of total exports. Italy and Romania lagged somewhat behind, together accounting for a further 21%.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +117.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Portugal ($X) emerged as the key foreign market for industrial sewing machines exports from Spain, comprising 33% of total exports. The second position in the ranking was held by Italy ($X), with a 12% share of total exports. It was followed by France, with a 7.4% share.

From 2012 to 2022, the average annual growth rate of value to Portugal totaled +3.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+17.5% per year) and France (+22.4% per year).

Export Prices by Country

The average industrial sewing machine export price stood at $X per unit in 2022, picking up by 171% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The export price peaked 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 ($X per unit), while the average price for exports to Romania ($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 (+15.8%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Sewing Machine Imports

Imports into Spain

In 2022, purchases abroad of industrial sewing machines decreased by -16.2% to X units, falling for the second year in a row after two years of growth. Over the period under review, imports, however, enjoyed a notable expansion. The growth pace was the most rapid in 2020 when imports increased by 105% against the previous year. As a result, imports reached the peak of X units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, industrial sewing machine imports soared to $X in 2022. In general, total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +6.4% 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 +47.6% against 2019 indices. The pace of growth was the most pronounced in 2014 with an increase of 77% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of industrial sewing machine to Spain, with a 76% share of total imports. Moreover, industrial sewing machine 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 5.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+23.9% per year) and Germany (+11.7% per year).

In value terms, China ($X) constituted the largest supplier of industrial sewing machines to Spain, comprising 41% of total imports. The second position in the ranking was taken by Germany ($X), with a 19% share of total imports. It was followed by Portugal, with a 14% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +8.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+2.8% per year) and Portugal (+52.2% per year).

Import Prices by Country

In 2022, the average industrial sewing machine import price amounted to $X per unit, with an increase of 56% against the previous year. Overall, the import price saw a moderate increase. The growth pace was the most rapid in 2021 an increase of 69%. The import price peaked in 2022 and is likely to see gradual growth in the near future.

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 Portugal ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+27.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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