Venezuela: Household Sewing Machine Market 2025

Household Sewing Machine Market Size in Venezuela

The Venezuelan household sewing machine market declined markedly to $X in 2021, waning by -56.8% 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 a significant decrease. Household sewing machine consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Household Sewing Machine Exports

Exports from Venezuela

In 2021, shipments abroad of household sewing machines increased by 26% to X units, rising for the fifth consecutive year after four years of decline. Over the period under review, exports posted strong growth. The growth pace was the most rapid in 2017 when exports increased by 253% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, household sewing machine exports expanded sharply to $X in 2021. Overall, exports, however, recorded a slight setback. The pace of growth appeared the most rapid in 2017 when exports increased by 173% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Guyana (X units) and Honduras (X units) were the main destinations of household sewing machine exports from Venezuela.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Honduras (with a CAGR of +92.7%).

In value terms, the largest markets for household sewing machine exported from Venezuela were Honduras ($X) and Guyana ($X).

In terms of the main countries of destination, Honduras, with a CAGR of +79.6%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The average household sewing machine export price stood at $X per unit in 2021, with a decrease of -11.9% against the previous year. Over the period under review, the export price showed a abrupt decline. The pace of growth appeared the most rapid in 2016 an increase of 28%. As a result, the export price attained the peak level of $X per unit. From 2017 to 2021, the average export prices remained at a somewhat 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 Guyana amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador (+4.9%), while the prices for the other major destinations experienced mixed trend patterns.

Household Sewing Machine Imports

Imports into Venezuela

In 2021, imports of household sewing machines into Venezuela reduced markedly to X units, with a decrease of -45.3% on the year before. Over the period under review, imports continue to indicate a sharp reduction. The most prominent rate of growth was recorded in 2020 with an increase of 240% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, household sewing machine imports contracted remarkably to $X in 2021. In general, imports showed a dramatic decline. The most prominent rate of growth was recorded in 2020 with an increase of 213% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United States (X units) constituted the largest supplier of household sewing machine to Venezuela, with a 90% share of total imports. Moreover, household sewing machine imports from the United States exceeded the figures recorded by the second-largest supplier, China (X units), ninefold.

From 2012 to 2021, the average annual growth rate of volume from the United States totaled -31.1%.

In value terms, the United States ($X) constituted the largest supplier of household sewing machines to Venezuela, comprising 97% of total imports. The second position in the ranking was held by China ($X), with a 3.1% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United States totaled -34.1%.

Import Prices by Country

In 2021, the average household sewing machine import price amounted to $X per unit, growing by 8.9% against the previous year. Over the period under review, import price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, household sewing machine import price increased by +69.8% against 2012 indices. The pace of growth was the most pronounced in 2013 when the average import price increased by 17% against the previous year. The import price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+9.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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