U.S.: Industrial Sewing Machine Market 2024

Industrial Sewing Machine Market Size in the U.S.

The U.S. industrial sewing machine market dropped to $X in 2022, declining by -6.3% against the previous year. In general, consumption saw a abrupt setback. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Industrial Sewing Machine Production in the U.S.

In value terms, industrial sewing machine production declined to $X in 2022. Overall, production continues to indicate a abrupt decline. The pace of growth was the most pronounced in 2013 with an increase of 57%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Industrial Sewing Machine Exports

Exports from the U.S.

In 2022, shipments abroad of industrial sewing machines increased by 5.4% to X units, rising for the second consecutive year after two years of decline. Overall, exports, however, saw a noticeable contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 26%. Over the period under review, the exports reached the peak figure at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, industrial sewing machine exports expanded sharply to $X in 2022. In general, exports, however, recorded a pronounced shrinkage. The pace of growth was the most pronounced in 2013 when exports increased by 25%. As a result, the exports reached 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 sewing machine exports from the United States, accounting for a 30% share of total exports. Moreover, industrial sewing machine exports to Mexico exceeded the volume sent to the second major destination, Colombia (X units), threefold. Canada (X units) ranked third in terms of total exports with a 9.7% share.

From 2012 to 2022, the average annual growth rate of volume to Mexico was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (-1.9% per year) and Canada (-2.7% per year).

In value terms, Mexico ($X) remains the key foreign market for industrial sewing machines exports from the United States, comprising 40% of total exports. The second position in the ranking was held by Canada ($X), with a 9.1% share of total exports. It was followed by Honduras, with an 8.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Mexico was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-1.6% per year) and Honduras (+11.4% per year).

Export Prices by Country

The average industrial sewing machine export price stood at $X per unit in 2022, approximately reflecting the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The pace of growth appeared the most rapid in 2013 an increase of 10%. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

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 Honduras ($X per unit), while the average price for exports to Argentina ($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 Germany (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Sewing Machine Imports

Imports into the U.S.

In 2022, imports of industrial sewing machines into the United States totaled X units, stabilizing at 2021 figures. Over the period under review, imports, however, recorded a perceptible decrease. The growth pace was the most rapid in 2021 when imports increased by 48% against the previous year. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, industrial sewing machine imports skyrocketed to $X in 2022. In general, imports, however, continue to indicate a slight decrease. The growth pace was the most rapid in 2021 with an increase of 27% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), Japan (X units) and Vietnam (X units) were the main suppliers of industrial sewing machine imports to the United States, with a combined 70% share of total imports. Taiwan (Chinese), Germany, Canada and Thailand lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Canada (with a CAGR of +31.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest industrial sewing machine suppliers to the United States were China ($X), Japan ($X) and Vietnam ($X), together comprising 64% of total imports.

Among the main suppliers, Vietnam, with a CAGR of +20.5%, recorded the highest growth rate of 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 sewing machine import price stood at $X per unit in 2022, with an increase of 20% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.9%. The growth pace was the most rapid in 2013 when the average import price increased by 41%. Over the period under review, average import prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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 Canada ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+13.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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