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

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

In 2022, after six years of growth, there was significant decline in the Swedish industrial sewing machines (non-automatic) market, when its value decreased by -13.6% to $X. In general, consumption, however, enjoyed buoyant growth. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

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

In value terms, industrial sewing machines (non-automatic) production reduced to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 29%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Exports of Industrial Sewing Machines (Non-Automatic)

Exports from Sweden

In 2022, overseas shipments of industrial sewing machines (non-automatic) decreased by -39.9% to X units for the first time since 2019, thus ending a two-year rising trend. In general, exports continue to indicate a perceptible slump. The most prominent rate of growth was recorded in 2016 when exports increased by 403%. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, industrial sewing machines (non-automatic) exports declined sharply to $X in 2022. Over the period under review, exports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2016 when exports increased by 1,377%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Denmark (X units), Norway (X units) and Finland (X units) were the main destinations of industrial sewing machines (non-automatic) exports from Sweden, with a combined 88% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Denmark (with a CAGR of +28.9%), while the other leaders experienced more modest paces of growth.

In value terms, Norway ($X) remains the key foreign market for industrial sewing machines (non-automatic) exports from Sweden, comprising 46% of total exports. The second position in the ranking was held by Denmark ($X), with a 21% share of total exports. It was followed by Finland, with a 5.1% share.

From 2012 to 2022, the average annual growth rate of value to Norway stood at -4.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+18.1% per year) and Finland (+10.0% per year).

Export Prices by Country

The average industrial sewing machines (non-automatic) export price stood at $X per unit in 2022, declining by -62.2% against the previous year. Overall, the export price faced a deep reduction. The pace of growth was the most pronounced in 2014 when the average export price increased by 615%. Over the period under review, the average export prices reached the maximum at $X per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Zambia ($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 Norway (+5.3%), while the prices for the other major destinations experienced a decline.

Imports of Industrial Sewing Machines (Non-Automatic)

Imports into Sweden

After six years of growth, purchases abroad of industrial sewing machines (non-automatic) decreased by -20.3% to X units in 2022. In general, imports, however, continue to indicate a strong expansion. The pace of growth was the most pronounced in 2014 when imports increased by 257%. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, industrial sewing machines (non-automatic) imports shrank rapidly to $X in 2022. Over the period under review, total imports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +2.9% 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 +36.7% against 2020 indices. The growth pace was the most rapid in 2016 when imports increased by 83%. Imports peaked at $X in 2021, and then contracted significantly in the following year.

Imports by Country

In 2022, Poland (X units) constituted the largest industrial sewing machines (non-automatic) supplier to Sweden, accounting for a 50% share of total imports. Moreover, industrial sewing machines (non-automatic) imports from Poland exceeded the figures recorded by the second-largest supplier, China (X units), twofold.

From 2012 to 2022, the average annual growth rate of volume from Poland amounted to +113.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+0.9% per year) and Germany (+4.8% per year).

In value terms, the largest industrial sewing machines (non-automatic) suppliers to Sweden were Germany ($X), Poland ($X) and China ($X), together accounting for 86% of total imports.

Poland, with a CAGR of +46.2%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average industrial sewing machines (non-automatic) import price amounted to $X per unit, with an increase of 1.9% against the previous year. In general, the import price, however, continues to indicate a abrupt curtailment. The growth pace was the most rapid in 2015 when the average import price increased by 141% against the previous year. The import price peaked at $X per unit in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

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 Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-2.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :