U.S.: Sewing Machine Furniture Market 2024

Sewing Machine Furniture Market Size in the U.S.

The U.S. sewing machine furniture market reached $X in 2022, with an increase of 4.5% against the previous year. Over the period under review, consumption, however, continues to indicate a significant increase. Sewing machine furniture consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Sewing Machine Furniture Production in the U.S.

In value terms, sewing machine furniture production expanded notably to $X in 2022. In general, production, however, recorded a significant expansion. The growth pace was the most rapid in 2017 when the production volume increased by 154%. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Sewing Machine Furniture Exports

Exports from the U.S.

In 2022, approx. X tons of furniture, bases and covers for sewing machines were exported from the United States; waning by -19.9% compared with 2021. Over the period under review, exports saw a deep reduction. The smallest decline of -15.9% was in 2021. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, sewing machine furniture exports amounted to $X in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 12% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Mexico (X tons) was the main destination for sewing machine furniture exports from the United States, accounting for a 72% share of total exports. Moreover, sewing machine furniture exports to Mexico exceeded the volume sent to the second major destination, Honduras (X tons), sevenfold. Brazil (X tons) ranked third in terms of total exports with a 3.7% share.

From 2020 to 2022, the average annual growth rate of volume to Mexico totaled -11.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (-33.9% per year) and Brazil (+266.5% per year).

In value terms, the largest markets for sewing machine furniture exported from the United States were Honduras ($X), Mexico ($X) and Canada ($X), with a combined 71% share of total exports. The Dominican Republic, Brazil and Belgium lagged somewhat behind, together accounting for a further 4.6%.

The Dominican Republic, with a CAGR of +42.9%, recorded the highest rates of growth with regard to 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

In 2022, the average sewing machine furniture export price amounted to $X per ton, picking up by 30% against the previous year. In general, export price indicated significant growth from 2020 to 2022: its price increased at an average annual rate of +28.8% over the last two-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sewing machine furniture export price increased by +65.9% against 2020 indices. 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 Honduras ($X per ton), while the average price for exports to Brazil ($X per ton) was amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Honduras (+88.8%), while the prices for the other major destinations experienced more modest paces of growth.

Sewing Machine Furniture Imports

Imports into the U.S.

After ten years of growth, supplies from abroad of furniture, bases and covers for sewing machines decreased by -14% to X tons in 2022. Overall, imports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 29% against the previous year. As a result, imports reached the peak of X tons, and then reduced in the following year.

In value terms, sewing machine furniture imports dropped modestly to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 28%. As a result, imports reached the peak of $X, and then reduced in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest sewing machine furniture supplier to the United States, with a 59% share of total imports. Moreover, sewing machine furniture imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), threefold. The third position in this ranking was taken by Japan (X tons), with an 11% share.

From 2020 to 2022, the average annual growth rate of volume from China stood at +9.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-11.8% per year) and Japan (+27.1% per year).

In value terms, the largest sewing machine furniture suppliers to the United States were China ($X), Taiwan (Chinese) ($X) and Japan ($X), with a combined 63% share of total imports.

In terms of the main suppliers, Japan, with a CAGR of +17.5%, saw the highest rates of growth with regard to the value of imports, 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 sewing machine furniture import price amounted to $X per ton, increasing by 14% against the previous year. Over the last two years, it increased at an average annual rate of +6.5%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2020 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+23.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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