Report Update Nov 1, 2024

Ukraine - Sewing Machine Needles - Market Analysis, Forecast, Size, Trends and Insights

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Ukraine: Sewing Machine Needle Market 2024

Sewing Machine Needle Market Size in Ukraine

The Ukrainian sewing machine needle market reached $X in 2022, increasing by 6.7% 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). In general, consumption recorded noticeable growth. Over the period under review, the market attained the maximum level in 2022 and is likely to continue growth in the near future.

Sewing Machine Needle Exports

Exports from Ukraine

In 2022, approx. X units of sewing machine needles were exported from Ukraine; rising by 1,050% on the year before. Overall, exports posted a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, sewing machine needle exports surged to $X in 2022. In general, exports, however, saw a abrupt decline. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Romania (X units), Moldova (X units) and Georgia (X units) were the main destinations of sewing machine needle exports from Ukraine, with a combined 94% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Georgia (with a CAGR of +685.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Moldova ($X), Hungary ($X) and Georgia ($X) constituted the largest markets for sewing machine needle exported from Ukraine worldwide, with a combined 97% share of total exports.

Georgia, with a CAGR of +781.8%, saw 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

The average sewing machine needle export price stood at $X per thousand units in 2022, falling by -30.9% against the previous year. Over the period under review, the export price faced a deep reduction. Over the period under review, the average export prices attained the peak figure at $X per thousand units in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Hungary ($X per thousand units), while the average price for exports to Romania ($X per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (+12.7%), while the prices for the other major destinations experienced a decline.

Sewing Machine Needle Imports

Imports into Ukraine

In 2022, approx. X units of sewing machine needles were imported into Ukraine; with an increase of 43% compared with the previous year. Overall, imports recorded prominent growth. The pace of growth was the most pronounced in 2015 when imports increased by 111% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, sewing machine needle imports shrank dramatically to $X in 2022. In general, imports recorded slight growth. The pace of growth was the most pronounced in 2021 with an increase of 30% against the previous year. As a result, imports reached the peak of $X, and then declined sharply in the following year.

Imports by Country

In 2022, China (X units) constituted the largest sewing machine needle supplier to Ukraine, with a 59% share of total imports. Moreover, sewing machine needle imports from China exceeded the figures recorded by the second-largest supplier, India (X units), fivefold. The Czech Republic (X units) ranked third in terms of total imports with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +19.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-2.8% per year) and the Czech Republic (+2.4% per year).

In value terms, India ($X), the Czech Republic ($X) and China ($X) were the largest sewing machine needle suppliers to Ukraine, together accounting for 68% of total imports. Vietnam, Taiwan (Chinese), Germany and Turkey lagged somewhat behind, together comprising a further 28%.

Among the main suppliers, Turkey, with a CAGR of +72.4%, saw 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 sewing machine needle import price stood at $X per thousand units in 2022, dropping by -41.6% against the previous year. In general, the import price showed a deep reduction. The pace of growth appeared the most rapid in 2014 an increase of 85%. As a result, import price reached the peak level of $X per thousand units. From 2015 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sewing machine needles in the world?

The Czech Republic remains the largest sewing machine needle consuming country worldwide, comprising approx. 69% of total volume. Moreover, sewing machine needle consumption in the Czech Republic exceeded the figures recorded by the second-largest consumer, Slovakia, more than tenfold. Bulgaria ranked third in terms of total consumption with a 3% share.

What are the largest producers of sewing machine needles in the world?

The countries with the highest volumes of in 2021 were Vietnam, India and the Czech Republic, together accounting for 64% of global production. South Korea, Singapore, Germany and China lagged somewhat behind, together accounting for a further 27%.

What are the leading suppliers of sewing machine needles to Ukraine?

In value terms, India constituted the largest supplier of sewing machine needle to Ukraine, comprising 54% of total imports. The second position in the ranking was occupied by the Czech Republic, with a 15% share of total imports. It was followed by Vietnam, with an 11% share.

What are the leading importers of sewing machine needles from Ukraine?

In value terms, Russia $14) and Georgia $11) appeared to be the largest markets for sewing machine needle exported from Ukraine worldwide.

What is the average export price for sewing machine needles in Ukraine?

In 2021, the average sewing machine needle export price amounted to $39 per unit, increasing by 175% against the previous year.

What is the average import price for sewing machine needles in Ukraine?

In 2021, the average sewing machine needle import price amounted to $102 per unit, rising by 15% against the previous year.

This report provides an in-depth analysis of the sewing machine needle market in Ukraine. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28945230 - Sewing machine needles

Country coverage:

Ukraine

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ukraine
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023