Report Update Nov 1, 2024

Sri Lanka - Household Sewing Machines - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Household Sewing Machine Market 2024

Household Sewing Machine Market Size in Sri Lanka

In 2021, the Sri Lankan household sewing machine market was finally on the rise to reach $X after two years of decline. In general, consumption continues to indicate a prominent expansion. As a result, consumption reached the peak level of $X; afterwards, it flattened through to 2021.

Household Sewing Machine Exports

Exports from Sri Lanka

After three years of growth, shipments abroad of household sewing machines decreased by -86.4% to X units in 2021. Overall, exports faced a sharp descent. The most prominent rate of growth was recorded in 2020 with an increase of 568% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, household sewing machine exports dropped significantly to $X in 2021. In general, exports showed a sharp downturn. The growth pace was the most rapid in 2020 with an increase of 467% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Maldives (X units) was the main destination for household sewing machine exports from Sri Lanka, with a 92% share of total exports. Moreover, household sewing machine exports to Maldives exceeded the volume sent to the second major destination, Switzerland (X units), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Maldives stood at +9.1%.

In value terms, Maldives ($X) emerged as the key foreign market for household sewing machines exports from Sri Lanka, comprising 82% of total exports. The second position in the ranking was held by Switzerland ($X), with an 18% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Maldives amounted to -8.1%.

Export Prices by Country

The average household sewing machine export price stood at $X per unit in 2021, declining by -25.5% against the previous year. Overall, the export price recorded a deep slump. The most prominent rate of growth was recorded in 2013 when the average export price increased by 48% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Switzerland ($X per unit), while the average price for exports to Maldives stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+50.5%), while the prices for the other major destinations experienced a decline.

Household Sewing Machine Imports

Imports into Sri Lanka

In 2021, approx. X units of household sewing machines were imported into Sri Lanka; growing by 86% against 2020 figures. In general, imports recorded a temperate increase. The pace of growth appeared the most rapid in 2018 when imports increased by 99.9%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in years to come.

In value terms, household sewing machine imports soared to $X in 2021. Over the period under review, imports showed a resilient increase. The growth pace was the most rapid in 2018 with an increase of 187% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of household sewing machine to Sri Lanka, with a 80% share of total imports. Moreover, household sewing machine imports from China exceeded the figures recorded by the second-largest supplier, India (X units), ninefold. Vietnam (X units) ranked third in terms of total imports with a 2.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+18.7% per year) and Vietnam (+4.0% per year).

In value terms, China ($X) constituted the largest supplier of household sewing machines to Sri Lanka, comprising 64% of total imports. The second position in the ranking was taken by Singapore ($X), with an 8.2% share of total imports. It was followed by India, with a 4.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+16.7% per year) and India (+9.3% per year).

Import Prices by Country

The average household sewing machine import price stood at $X per unit in 2021, which is down by -25.7% against the previous year. In general, the import price, however, recorded a notable expansion. The most prominent rate of growth was recorded in 2018 an increase of 44% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Singapore ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+1.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for household sewing machines in the world?

Vietnam remains the largest household sewing machine consuming country worldwide, comprising approx. 32% of total volume. Moreover, household sewing machine consumption in Vietnam exceeded the figures recorded by the second-largest consumer, the United States, threefold. Taiwan Chinese) ranked third in terms of total consumption with a 5.9% share.

What are the largest producers of household sewing machines in the world?

The countries with the highest volumes of household sewing machine production in 2020 were Vietnam, China and Taiwan Chinese), with a combined 87% share of global production.

What are the leading suppliers of household sewing machines to Sri Lanka?

In value terms, the largest household sewing machine suppliers to Sri Lanka were China, Vietnam and Thailand, with a combined 98% share of total imports.

What are the leading importers of household sewing machines from Sri Lanka?

In value terms, Vietnam emerged as the key foreign market for household sewing machine exports from Sri Lanka, comprising 93% of total exports. The second position in the ranking was occupied by Kenya, with a 5% share of total exports.

What is the average export price for household sewing machines in Sri Lanka?

In 2020, the average household sewing machine export price amounted to $146 per unit, waning by -82.3% against the previous year.

What is the average import price for household sewing machines in Sri Lanka?

The average household sewing machine import price stood at $41 per unit in 2020, waning by -30.9% against the previous year.

This report provides an in-depth analysis of the household sewing machine market in Sri Lanka. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28944000 - Domestic sewing machines (excluding furniture, bases and covers)

Country coverage:

Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sri Lanka
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023