Sweden: Household Sewing Machine Market 2024

Household Sewing Machine Market Size in Sweden

In 2021, the Swedish household sewing machine market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. In general, consumption saw a noticeable setback. Household sewing machine consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Household Sewing Machine Production in Sweden

In value terms, household sewing machine production totaled $X in 2021 estimated in export price. Over the period under review, production, however, saw a abrupt contraction. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Household Sewing Machine Exports

Exports from Sweden

Household sewing machine exports from Sweden stood at X units in 2021, surging by 12% on the year before. In general, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 118%. Over the period under review, the exports attained the maximum in 2021 and are likely to see steady growth in years to come.

In value terms, household sewing machine exports expanded to $X in 2021. Overall, exports saw prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of 76%. The exports peaked in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Denmark (X units), Norway (X units) and Finland (X units) were the main destinations of household sewing machine exports from Sweden, with a combined 95% share of total exports. These countries were followed by the United States, which accounted for a further 2%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +72.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for household sewing machine exported from Sweden were Denmark ($X), Norway ($X) and Finland ($X), together comprising 96% of total exports. These countries were followed by the United States, which accounted for a further 2.7%.

The United States, with a CAGR of +69.8%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average household sewing machine export price stood at $X per unit in 2021, dropping by -8.2% against the previous year. In general, the export price, however, continues to indicate a buoyant expansion. The growth pace was the most rapid in 2016 when the average export price increased by 41%. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, 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 the United States ($X per unit), while the average price for exports to Finland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+11.3%), while the prices for the other major destinations experienced more modest paces of growth.

Household Sewing Machine Imports

Imports into Sweden

In 2021, after two years of growth, there was decline in supplies from abroad of household sewing machines, when their volume decreased by -4.7% to X units. Overall, imports saw a perceptible setback. The growth pace was the most rapid in 2017 when imports increased by 27% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, household sewing machine imports soared to $X in 2021. Over the period under review, imports continue to indicate a slight shrinkage. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Poland (X units), Denmark (X units) and Vietnam (X units) were the main suppliers of household sewing machine imports to Sweden, together accounting for 78% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +154.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest household sewing machine suppliers to Sweden were Poland ($X), Denmark ($X) and Taiwan (Chinese) ($X), with a combined 78% share of total imports. Vietnam, Germany, Thailand, China and Norway lagged somewhat behind, together accounting for a further 16%.

Vietnam, with a CAGR of +155.8%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average household sewing machine import price stood at $X per unit in 2021, rising by 35% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.9%. Over the period under review, average import prices reached the maximum at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+30.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :