U.S.: Household Sewing Machine Market 2024

Household Sewing Machine Market Size in the U.S.

In 2021, after three years of decline, there was significant growth in the U.S. household sewing machine market, when its value increased by 15% to $X. Overall, consumption, however, showed a noticeable downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Household Sewing Machine Production in the U.S.

In value terms, household sewing machine production stood at $X in 2021. Over the period under review, production faced a sharp curtailment. The pace of growth was the most pronounced in 2015 with an increase of 47% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Household Sewing Machine Exports

Exports from the U.S.

In 2021, overseas shipments of household sewing machines were finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +2.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the exports attained the peak figure at X units in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, household sewing machine exports soared to $X in 2021. In general, exports, however, saw a relatively flat trend pattern. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Canada (X units) was the main destination for household sewing machine exports from the United States, accounting for a 61% share of total exports. Moreover, household sewing machine exports to Canada exceeded the volume sent to the second major destination, Mexico (X units), ninefold. The third position in this ranking was taken by Costa Rica (X units), with a 4.7% share.

From 2012 to 2021, the average annual growth rate of volume to Canada stood at +6.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+9.4% per year) and Costa Rica (+6.3% per year).

In value terms, Canada ($X) remains the key foreign market for household sewing machines exports from the United States, comprising 51% of total exports. The second position in the ranking was held by Mexico ($X), with a 7% share of total exports. It was followed by Colombia, with a 4.9% share.

From 2012 to 2021, the average annual growth rate of value to Canada totaled +3.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-1.4% per year) and Colombia (-5.4% per year).

Export Prices by Country

In 2021, the average household sewing machine export price amounted to $X per unit, falling by -12.5% against the previous year. Over the period under review, the export price continues to indicate a perceptible decline. The growth pace was the most rapid in 2016 when the average export price increased by 2.7% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Honduras ($X per unit), while the average price for exports to Venezuela ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Honduras (-0.2%), while the prices for the other major destinations experienced a decline.

Household Sewing Machine Imports

Imports into the U.S.

In 2021, approx. X units of household sewing machines were imported into the United States; increasing by 3.6% on the previous year. The total import volume increased at an average annual rate of +1.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 35%. Imports peaked at X units in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, household sewing machine imports reached $X in 2021. The total import value increased at an average annual rate of +1.8% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 16% against the previous year. Imports peaked in 2021 and are likely to see steady growth in years to come.

Imports by Country

In 2021, Vietnam (X units) constituted the largest household sewing machine supplier to the United States, accounting for a 59% share of total imports. Moreover, household sewing machine imports from Vietnam exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The third position in this ranking was held by Taiwan (Chinese) (X units), with a 9% share.

From 2012 to 2021, the average annual growth rate of volume from Vietnam totaled +9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-7.9% per year) and Taiwan (Chinese) (+3.1% per year).

In value terms, Vietnam ($X) constituted the largest supplier of household sewing machines to the United States, comprising 48% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 21% share of total imports. It was followed by China, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from Vietnam totaled +10.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+2.6% per year) and China (-12.4% per year).

Import Prices by Country

The average household sewing machine import price stood at $X per unit in 2021, with an increase of 4.3% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 27%. The import price peaked at $X per unit in 2017; however, from 2018 to 2021, 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 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 Thailand (+9.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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