Sweden: Industrial Sewing Machine Market 2024

Industrial Sewing Machine Market Size in Sweden

The Swedish industrial sewing machine market declined to $X in 2022, which is down by -6.8% against the previous year. Overall, consumption recorded a abrupt contraction. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Industrial Sewing Machine Production in Sweden

In value terms, industrial sewing machine production fell modestly to $X in 2022 estimated in export price. Overall, production, however, faced a deep setback. The growth pace was the most rapid in 2021 with an increase of 9.4%. Industrial sewing machine production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Industrial Sewing Machine Exports

Exports from Sweden

In 2022, exports of industrial sewing machines from Sweden dropped significantly to X units, waning by -47.4% on 2021 figures. In general, exports recorded a perceptible curtailment. The pace of growth appeared the most rapid in 2016 when exports increased by 298% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, industrial sewing machine exports dropped remarkably to $X in 2022. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by 347%. Over the period under review, the exports reached the peak figure at $X in 2021, and then reduced remarkably in the following year.

Exports by Country

Denmark (X units), Norway (X units) and Finland (X units) were the main destinations of industrial sewing machine exports from Sweden, together comprising 80% of total exports. France, the United States, Zambia and China lagged somewhat behind, together comprising a further 9%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +40.9%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X) emerged as the key foreign market for industrial sewing machines exports from Sweden, comprising 55% of total exports. The second position in the ranking was held by the United States ($X), with a 6.1% share of total exports. It was followed by Norway, with a 3.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France stood at +66.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+76.9% per year) and Norway (-1.8% per year).

Export Prices by Country

The average industrial sewing machine export price stood at $X per unit in 2022, shrinking by -31.2% against the previous year. Overall, the export price, however, saw moderate growth. The most prominent rate of growth was recorded in 2014 an increase of 184%. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Zambia ($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 the United States (+35.0%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Sewing Machine Imports

Imports into Sweden

In 2022, supplies from abroad of industrial sewing machines decreased by -20.4% to X units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2017 when imports increased by 224% against the previous year. Over the period under review, imports attained the peak figure at X units in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, industrial sewing machine imports contracted dramatically to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 44%. As a result, imports attained the peak of $X, and then plummeted in the following year.

Imports by Country

In 2022, Poland (X units) constituted the largest industrial sewing machine supplier to Sweden, accounting for a 49% share of total imports. Moreover, industrial sewing machine imports from Poland exceeded the figures recorded by the second-largest supplier, China (X units), twofold. Germany (X units) ranked third in terms of total imports with a 20% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Poland stood at +113.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+1.0% per year) and Germany (+3.6% per year).

In value terms, the largest industrial sewing machine suppliers to Sweden were Germany ($X), Poland ($X) and China ($X), with a combined 80% share of total imports.

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

Import Prices by Country

In 2022, the average industrial sewing machine import price amounted to $X per unit, falling by -15.4% against the previous year. Over the period under review, the import price saw a abrupt slump. The most prominent rate of growth was recorded in 2016 when the average import price increased by 378% against the previous year. As a result, import price reached the peak level of $X per unit. From 2017 to 2022, the average import prices failed to regain momentum.

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 Vietnam (+14.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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