Report Update Nov 1, 2024

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

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Venezuela: Sewing Machine Needle Market 2024

Sewing Machine Needle Market Size in Venezuela

The Venezuelan sewing machine needle market shrank dramatically to $X in 2022, declining by -23.3% 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 faced a dramatic decline. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Sewing Machine Needle Exports

Exports from Venezuela

In 2018, the amount of sewing machine needles exported from Venezuela amounted to X units, remaining stable against the year before. Over the period under review, exports faced a sharp downturn. The smallest decline of 99.9% was in 2015. The exports peaked at X units in 2014; however, from 2015 to 2018, the exports stood at a somewhat lower figure.

In value terms, sewing machine needle exports stood at $X in 2018. In general, exports recorded a abrupt decrease. The smallest decline of 99.9% was in 2015. The exports peaked at $X in 2014; however, from 2015 to 2018, the exports stood at a somewhat lower figure.

Exports by Country

The Dominican Republic (X units) was the main destination for sewing machine needle exports from Venezuela, accounting for a approx. 100% share of total exports.

From 2012 to 2018, the average annual growth rate of volume to the Dominican Republic was relatively modest.

From 2012 to 2018, the average annual growth rate of value to the Dominican Republic was relatively modest.

Export Prices by Country

In 2018, the average sewing machine needle export price amounted to $X per thousand units, approximately equating the previous year. Overall, the export price enjoyed a resilient increase. The most prominent rate of growth was recorded in 2015 when the average export price decreased by 99.9% against the previous year. The export price peaked at $X per thousand units in 2014; however, from 2015 to 2018, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the Dominican Republic.

From 2012 to 2018, the rate of growth in terms of prices for the United Arab Emirates amounted to 0.0% per year.

Sewing Machine Needle Imports

Imports into Venezuela

Sewing machine needle imports into Venezuela dropped remarkably to X units in 2022, reducing by -24% on the previous year's figure. Over the period under review, imports showed a precipitous contraction. The pace of growth appeared the most rapid in 2019 when imports increased by 216% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, sewing machine needle imports shrank rapidly to $X in 2022. In general, imports continue to indicate a sharp contraction. The most prominent rate of growth was recorded in 2019 when imports increased by 157%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest sewing machine needle supplier to Venezuela, accounting for a 72% share of total imports. Moreover, sewing machine needle imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X units), fourfold. The third position in this ranking was held by Italy (X units), with a 4.1% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at -30.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+0.2% per year) and Italy (-27.4% per year).

In value terms, China ($X), Brazil ($X) and India ($X) constituted the largest sewing machine needle suppliers to Venezuela, with a combined 86% share of total imports.

Brazil, with a CAGR of -6.1%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average sewing machine needle import price amounted to $X per thousand units, remaining constant against the previous year. Overall, import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sewing machine needle import price decreased by -25.7% against 2017 indices. The most prominent rate of growth was recorded in 2015 an increase of 32%. Over the period under review, average import prices attained the maximum at $X per thousand units in 2017; however, from 2018 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 the United States ($X per thousand units), while the price for Italy ($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 Italy (+8.8%), 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 country with the largest volume of sewing machine needle consumption was the Czech Republic, accounting for 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 comprising 64% of global production. These countries were followed by South Korea, Singapore, Germany and China, which together accounted for a further 27%.

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

In value terms, Germany constituted the largest supplier of sewing machine needle to Venezuela, comprising 48% of total imports. The second position in the ranking was occupied by China, with a 19% share of total imports. It was followed by the United States, with a 9.6% share.

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

The average sewing machine needle export price stood at $77 per unit in 2018, flattening at the previous year.

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

In 2021, the average sewing machine needle import price amounted to $17 per unit, waning by -3.7% against the previous year.

This report provides an in-depth analysis of the sewing machine needle market in Venezuela. 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:

Venezuela

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Venezuela
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