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

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

In 2022, the Swiss industrial sewing machines (non-automatic) market decreased by -0.8% to $X, falling for the fourth year in a row after four years of growth. Overall, consumption showed a abrupt decline. Industrial sewing machines (non-automatic) consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, industrial sewing machines (non-automatic) production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, showed a dramatic descent. The most prominent rate of growth was recorded in 2017 with an increase of 379,084,700%. Industrial sewing machines (non-automatic) production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Industrial Sewing Machines (Non-Automatic)

Exports from Switzerland

In 2022, shipments abroad of industrial sewing machines (non-automatic) increased by 76% to X units, rising for the fourth consecutive year after two years of decline. Overall, exports posted a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, industrial sewing machines (non-automatic) exports surged to $X in 2022. Over the period under review, exports recorded a prominent increase. The growth pace was the most rapid in 2016 with an increase of 101% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Italy (X units) was the main destination for industrial sewing machines (non-automatic) exports from Switzerland, accounting for a 44% share of total exports. Moreover, industrial sewing machines (non-automatic) exports to Italy exceeded the volume sent to the second major destination, Canada (X units), ninefold. The third position in this ranking was taken by Turkey (X units), with a 4.6% share.

From 2012 to 2022, the average annual growth rate of volume to Italy stood at +52.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+19.6% per year) and Turkey (+20.2% per year).

In value terms, Italy ($X) remains the key foreign market for industrial sewing machines (non-automatic) exports from Switzerland, comprising 35% of total exports. The second position in the ranking was held by Germany ($X), with a 13% share of total exports. It was followed by the United States, with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Italy stood at +35.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-0.5% per year) and the United States (+31.7% per year).

Export Prices by Country

The average industrial sewing machines (non-automatic) export price stood at $X per unit in 2022, falling by -8.2% against the previous year. In general, the export price showed a mild decline. The most prominent rate of growth was recorded in 2016 an increase of 83%. The export price peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Kazakhstan ($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 Russia (+26.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Industrial Sewing Machines (Non-Automatic)

Imports into Switzerland

In 2022, purchases abroad of industrial sewing machines (non-automatic) decreased by -45.5% to X units, falling for the second year in a row after two years of growth. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 137% 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 lower figure.

In value terms, industrial sewing machines (non-automatic) imports contracted remarkably to $X in 2022. In general, imports recorded a pronounced contraction. The pace of growth appeared the most rapid in 2020 with an increase of 66%. Imports peaked at $X in 2021, and then shrank dramatically in the following year.

Imports by Country

Vietnam (X units), China (X units) and Germany (X units) were the main suppliers of industrial sewing machines (non-automatic) imports to Switzerland, with a combined 69% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +56.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest industrial sewing machines (non-automatic) suppliers to Switzerland were Germany ($X), China ($X) and Vietnam ($X), together comprising 61% of total imports.

Vietnam, with a CAGR of +66.9%, saw 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 more modest paces of growth.

Import Prices by Country

In 2022, the average industrial sewing machines (non-automatic) import price amounted to $X per unit, therefore, remained relatively stable against the previous year. In general, the import price, however, showed a noticeable slump. The growth pace was the most rapid in 2021 when the average import price increased by 34% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 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 ($X per unit), while the price for Taiwan (Chinese) ($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 (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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