Switzerland: Household Sewing Machine Market 2024

Household Sewing Machine Market Size in Switzerland

In 2021, the Swiss household sewing machine market was finally on the rise to reach $X after two years of decline. Overall, consumption, however, saw a relatively flat trend pattern. Household sewing machine consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Household Sewing Machine Production in Switzerland

In value terms, household sewing machine production fell remarkably to $X in 2021 estimated in export price. Over the period under review, production faced a sharp contraction. The most prominent rate of growth was recorded in 2014 when the production volume increased by 363% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Household Sewing Machine Exports

Exports from Switzerland

In 2021, approx. X units of household sewing machines were exported from Switzerland; reducing by -11.4% on the previous year. In general, exports continue to indicate a abrupt downturn. Over the period under review, the exports hit record highs at X units in 2020, and then declined in the following year.

In value terms, household sewing machine exports stood at $X in 2021. The total export value increased at an average annual rate of +14.2% over the period from 2020 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for household sewing machine exports from Switzerland, with a 55% share of total exports. Moreover, household sewing machine exports to the United States exceeded the volume sent to the second major destination, Israel (X units), sixfold. Australia (X units) ranked third in terms of total exports with a 7.7% share.

From 2020 to 2021, the average annual growth rate of volume to the United States amounted to +41.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (-55.2% per year) and Australia (-60.2% per year).

In value terms, the United States ($X) remains the key foreign market for household sewing machines exports from Switzerland, comprising 80% of total exports. The second position in the ranking was taken by Australia ($X), with a 3.1% share of total exports. It was followed by Israel, with a 2.8% share.

From 2020 to 2021, the average annual rate of growth in terms of value to the United States stood at +13.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (-18.0% per year) and Israel (-24.4% per year).

Export Prices by Country

The average household sewing machine export price stood at $X per unit in 2021, picking up by 29% against the previous year. Over the last one years, it increased at an average annual rate of +28.9%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Israel ($X per unit) was amongst the lowest.

From 2020 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+106.2%), while the prices for the other major destinations experienced more modest paces of growth.

Household Sewing Machine Imports

Imports into Switzerland

For the third consecutive year, Switzerland recorded growth in overseas purchases of household sewing machines, which increased by 45% to X units in 2021. Overall, total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +27.8% against 2015 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, household sewing machine imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Vietnam (X units), China (X units) and Thailand (X units) were the main suppliers of household sewing machine imports to Switzerland, together comprising 76% of total imports. These countries were followed by Taiwan (Chinese), Germany and Japan, which together accounted for a further 23%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +28.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X) constituted the largest supplier of household sewing machines to Switzerland, comprising 45% of total imports. The second position in the ranking was held by Vietnam ($X), with a 14% share of total imports. It was followed by Taiwan (Chinese), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Thailand stood at +2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+10.9% per year) and Taiwan (Chinese) (+16.9% per year).

Import Prices by Country

The average household sewing machine import price stood at $X per unit in 2021, waning by -10.2% against the previous year. Over the period under review, the import price saw a perceptible setback. The pace of growth was the most pronounced in 2018 an increase of 32% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 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 Thailand ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+1.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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