U.S.: Market for Industrial Automatic Sewing Machines 2024

Market Size for Industrial Automatic Sewing Machines in the U.S.

The U.S. industrial automatic sewing machine market soared to $X in 2022, picking up by 35% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, recorded a noticeable setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Exports of Industrial Automatic Sewing Machines

Exports from the U.S.

In 2022, shipments abroad of industrial automatic sewing machines increased by 7.3% to X units, rising for the second consecutive year after two years of decline. In general, exports, however, continue to indicate a noticeable downturn. The growth pace was the most rapid in 2021 with an increase of 24%. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, industrial automatic sewing machine exports totaled $X in 2022. Overall, exports, however, recorded a slight decrease. The most prominent rate of growth was recorded in 2013 with an increase of 17%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Mexico (X units) was the main destination for industrial automatic sewing machine exports from the United States, accounting for a 35% share of total exports. Moreover, industrial automatic sewing machine exports to Mexico exceeded the volume sent to the second major destination, Canada (X units), fourfold. Peru (X units) ranked third in terms of total exports with a 9.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Mexico amounted to +2.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-3.3% per year) and Peru (-2.2% per year).

In value terms, Mexico ($X) remains the key foreign market for industrial automatic sewing machines exports from the United States, comprising 44% of total exports. The second position in the ranking was held by Honduras ($X), with a 10% share of total exports. It was followed by Canada, with a 9% share.

From 2012 to 2022, the average annual growth rate of value to Mexico amounted to +3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (+18.2% per year) and Canada (-2.4% per year).

Export Prices by Country

The average industrial automatic sewing machine export price stood at $X per unit in 2022, surging by 3.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The growth pace was the most rapid in 2017 when the average export price increased by 13% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Honduras ($X per unit), while the average price for exports to Singapore ($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 Honduras (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Industrial Automatic Sewing Machines

Imports into the U.S.

In 2022, supplies from abroad of industrial automatic sewing machines increased by 42% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 73% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, industrial automatic sewing machine imports rose notably to $X in 2022. In general, imports, however, saw a perceptible downturn. The pace of growth appeared the most rapid in 2021 with an increase of 34% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of industrial automatic sewing machine to the United States, accounting for a 51% share of total imports. Moreover, industrial automatic sewing machine imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), threefold. The third position in this ranking was taken by Vietnam (X units), with a 16% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-1.0% per year) and Vietnam (+8.0% per year).

In value terms, the largest industrial automatic sewing machine suppliers to the United States were China ($X), Japan ($X) and Vietnam ($X), together comprising 63% of total imports.

In terms of the main suppliers, Vietnam, with a CAGR of +17.2%, recorded 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

The average industrial automatic sewing machine import price stood at $X per unit in 2022, reducing by -21.7% against the previous year. Over the period under review, the import price, however, posted a pronounced expansion. The most prominent rate of growth was recorded in 2013 an increase of 64% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+31.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :