United Kingdom - Sewing Machine Needles - Market Analysis, Forecast, Size, Trends And Insights
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View PricingImport of UK Sewing Machine Needles Declines Sharply to $708K in 2023
United Kingdom Sewing Machine Needle Imports
In 2023, overseas purchases of sewing machine needles decreased by -55.1% to 85M units, falling for the third consecutive year after two years of growth. In general, imports saw a abrupt decline. The growth pace was the most rapid in 2019 when imports increased by 123%. Imports peaked at 313M units in 2020; however, from 2021 to 2023, imports stood at a somewhat lower figure.
In value terms, sewing machine needle imports shrank sharply to $708K (IndexBox estimates) in 2023. Over the period under review, imports saw a deep downturn. The most prominent rate of growth was recorded in 2019 when imports increased by 251% against the previous year. Over the period under review, imports reached the peak figure at $1.5M in 2013; however, from 2014 to 2023, imports failed to regain momentum.
| COUNTRY | Import Value of Sewing Machine Needle in United Kingdom (thousand USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| Germany | 145 | 135 | 106 | 44.9 | 23.9 | 25.4 | 275 | 438 | 77.0 | 392 | 258 |
| Vietnam | 19.3 | 11.7 | N/A | N/A | 8.9 | 4.0 | 34.3 | 125 | 120 | 190 | 131 |
| India | 123 | 138 | 97.0 | 32.1 | 57.1 | 66.1 | 91.1 | 58.4 | 86.2 | 211 | 120 |
| China | 13.3 | 16.6 | 18.2 | 35.5 | 40.6 | 17.5 | 25.0 | 87.3 | 97.5 | 96.2 | 87.6 |
| United States | 92.5 | 7.1 | 4.3 | 16.5 | 16.8 | 6.1 | N/A | 6.3 | 40.0 | 133 | 41.5 |
| Italy | 1.2 | 3.2 | N/A | 0.9 | N/A | N/A | 0.1 | 0.6 | 1.6 | N/A | 19.8 |
| Japan | 28.4 | 31.9 | 24.9 | 25.9 | 15.8 | 19.9 | 7.1 | 19.1 | 30.1 | 15.9 | 16.1 |
| Netherlands | 779 | 631 | 809 | 589 | 399 | N/A | N/A | N/A | N/A | 6.1 | N/A |
| France | 234 | 333 | 204 | 261 | 256 | 5.6 | 189 | 388 | 217 | 9.2 | N/A |
| Others | 97.0 | 52.9 | 58.5 | 65.8 | 63.4 | 49.2 | 58.3 | 102 | 28.7 | 111 | 33.4 |
| Total | 1,533 | 1,361 | 1,322 | 1,072 | 881 | 194 | 680 | 1,225 | 698 | 1,164 | 708 |
Imports by Country
In 2023, Vietnam (38M units) constituted the largest supplier of sewing machine needle to the UK, with a 45% share of total imports. Moreover, sewing machine needle imports from Vietnam exceeded the figures recorded by the second-largest supplier, China (15M units), twofold. The third position in this ranking was held by Germany (13M units), with a 15% share.
From 2013 to 2023, the average annual growth rate of volume from Vietnam stood at +24.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+4.3% per year) and Germany (-9.5% per year).
In value terms, Germany ($258K), Vietnam ($131K) and India ($120K) appeared to be the largest sewing machine needle suppliers to the UK, with a combined 72% share of total imports. China, the United States, Italy and Japan lagged somewhat behind, together comprising a further 23%.
In terms of the main suppliers, Italy, with a CAGR of +32.8%, saw the highest rates of growth with regard to 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
In 2023, the sewing machine needle price amounted to $8.5 per thousand units (CIF, United Kingdom), with an increase of 42% against the previous year. Over the period under review, the import price continues to indicate mild growth. The pace of growth appeared the most rapid in 2022 an increase of 69% against the previous year. Over the period under review, average import prices reached the peak figure at $10 per thousand units in 2016; however, from 2017 to 2023, 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 the United States ($23 per thousand units), while the price for Vietnam ($3.4 per thousand units) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by India (+24.6%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the sewing machine needle market in the UK. 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:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
