Hong Kong SAR, China - Industrial Sewing Machines - Market Analysis, Forecast, Size, Trends and Insights
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View PricingIndustrial Sewing Machine Price in Hong Kong SAR - 2023
Contents:
- Industrial Sewing Machine Price in Hong Kong SAR (FOB) - 2023
- Industrial Sewing Machine Price in Hong Kong SAR (CIF) - 2023
- Industrial Sewing Machine Exports in Hong Kong SAR
- Industrial Sewing Machine Imports in Hong Kong SAR
Industrial Sewing Machine Price in Hong Kong SAR (FOB) - 2023
The average industrial sewing machine export price stood at $2,396 per unit in September 2023, growing by 36% against the previous month. Over the period under review, the export price continues to indicate perceptible growth. The growth pace was the most rapid in August 2023 when the average export price increased by 76% month-to-month. Over the period under review, the average export prices attained the maximum in September 2023.
There were significant differences in the average prices for the major external markets. In September 2023, the country with the highest price was South Korea ($15,213 per unit), while the average price for exports to Sri Lanka ($845 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+35.7%), while the prices for the other major destinations experienced more modest paces of growth.
Industrial Sewing Machine Price in Hong Kong SAR (CIF) - 2023
The average industrial sewing machine import price stood at $1,801 per unit in September 2023, picking up by 31% against the previous month. Over the period under review, the import price saw a temperate increase. The pace of growth was the most pronounced in March 2023 when the average import price increased by 284% against the previous month. The import price peaked at $1,997 per unit in October 2022; afterwards, it flattened through to September 2023.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Japan ($2,524 per unit), while the price for Vietnam ($431 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by the Philippines (+21.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Industrial Sewing Machine Exports in Hong Kong SAR
In 2022, the amount of industrial sewing machines exported from Hong Kong SAR contracted to 57K units, which is down by -6% on 2021. Over the period under review, exports saw a slight reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 42% against the previous year. As a result, the exports attained the peak of 61K units, and then shrank in the following year.
In value terms, industrial sewing machine exports reduced to $97M in 2022. Overall, exports recorded a deep reduction. The growth pace was the most rapid in 2021 when exports increased by 55% against the previous year. Over the period under review, the exports attained the peak figure at $125M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
Export of Industrial Sewing Machine in Hong Kong SAR (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Vietnam | 55.7 | 22.4 | 33.2 | 30.6 | -18.1% |
Bangladesh | 16.0 | 9.4 | 24.8 | 19.4 | 6.6% |
India | 14.5 | 4.5 | 17.2 | 13.2 | -3.1% |
Indonesia | 13.4 | 3.0 | 4.3 | 6.9 | -19.8% |
China | 7.1 | 3.8 | 9.4 | 6.1 | -4.9% |
Cambodia | 3.3 | 6.7 | 3.8 | 3.5 | 2.0% |
Myanmar | N/A | N/A | N/A | 2.5 | 0% |
Singapore | 3.4 | 9.5 | 1.0 | 2.4 | -11.0% |
Turkey | 0.8 | 0.6 | 0.8 | 2.1 | 37.9% |
Pakistan | 1.6 | 0.7 | 0.4 | 0.8 | -20.6% |
Others | 8.8 | 7.3 | 10.3 | 9.0 | 0.8% |
Total | 125 | 67.9 | 105 | 96.6 | -8.2% |
Top Export Markets for Industrial Sewing Machine from Hong Kong SAR in 2022:
- Bangladesh (13.2K units)
- Vietnam (12.0K units)
- India (7.6K units)
- Indonesia (4.2K units)
- Cambodia (3.7K units)
- Myanmar (3.5K units)
- Singapore (2.4K units)
- Turkey (1.6K units)
- China (1.5K units)
- Pakistan (1.4K units)
Industrial Sewing Machine Imports in Hong Kong SAR
In 2022, imports of industrial sewing machines into Hong Kong SAR declined to 53K units, dropping by -9.5% on 2021 figures. Overall, imports showed a pronounced reduction. The most prominent rate of growth was recorded in 2021 with an increase of 54%. Over the period under review, imports hit record highs at 60K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, industrial sewing machine imports shrank remarkably to $80M in 2022. Over the period under review, imports showed a abrupt downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 59% against the previous year. Over the period under review, imports hit record highs at $115M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
Import of Industrial Sewing Machine in Hong Kong SAR (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 57.8 | 28.5 | 42.2 | 33.5 | -16.6% |
China | 19.2 | 9.8 | 18.5 | 17.6 | -2.9% |
Vietnam | 17.3 | 8.5 | 19.5 | 17.4 | 0.2% |
Singapore | 14.5 | 10.3 | 10.1 | 7.4 | -20.1% |
Malaysia | 2.7 | 1.0 | 1.4 | 1.8 | -12.6% |
Philippines | 0.3 | 0.4 | 0.5 | 0.4 | 10.1% |
Others | 3.7 | 0.9 | 2.3 | 1.7 | -22.8% |
Total | 115 | 59.4 | 94.7 | 79.8 | -11.5% |
Top Suppliers of Industrial Sewing Machine to Hong Kong SAR in 2022:
- China (23.1K units)
- Japan (15.8K units)
- Singapore (5.6K units)
- Vietnam (4.0K units)
- Philippines (2.5K units)
- Malaysia (1.0K units)
This report provides an in-depth analysis of the industrial sewing machine market in Hong Kong SAR, China. 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 28942430 - Industrial automatic sewing machines (excluding book-sewing machines)
- Prodcom 28942450 - Industrial sewing machines (excluding book-sewing machines, automatic machines)
Country coverage:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- 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
-
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
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The price of the Industrial Automatic Sewing Machine in May 2023 was $2,365 per unit (CIF, Hong Kong), showing a growth of 116% compared to the previous month.
In 2016, the global sewing machine imports totaled X tons, ascending by X% against the previous year figure. In general, sewing machine imports continue to indicate a relatively flat trend patter...
In 2016, the global sewing machine imports totaled X tons, ascending by X% against the previous year figure. In general, sewing machine imports continue to indicate a relatively flat trend patter...
The global household sewing machine market showed steady growth until it contracted slightly from 2015-2016, finally amounting to X units in 2016.
China dominates in global household sewing machine production and trade. In 2013, China exported X% of its total output. Of this amount, X% was supplied to the United States, where Chinese household sewing machines held X% share of total U.S.
The price of the Industrial Automatic Sewing Machine in May 2023 was $2,365 per unit (CIF, Hong Kong), showing a growth of 116% compared to the previous month.
In 2016, the global sewing machine imports totaled X tons, ascending by X% against the previous year figure. In general, sewing machine imports continue to indicate a relatively flat trend patter...
In 2016, the global sewing machine imports totaled X tons, ascending by X% against the previous year figure. In general, sewing machine imports continue to indicate a relatively flat trend patter...
The global household sewing machine market showed steady growth until it contracted slightly from 2015-2016, finally amounting to X units in 2016.
China dominates in global household sewing machine production and trade. In 2013, China exported X% of its total output. Of this amount, X% was supplied to the United States, where Chinese household sewing machines held X% share of total U.S.