Hong Kong SAR, China - Industrial Non-Automatic Sewing Machines - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Industrial Sewing Machines (Non-Automatic) in Hong Kong SAR - 2023
Contents:
- Price for Industrial Sewing Machines (Non-Automatic) in Hong Kong SAR (FOB) - 2022
- Price for Industrial Sewing Machines (Non-Automatic) in Hong Kong SAR (CIF) - 2023
- Exports of Industrial Sewing Machines (Non-Automatic) in Hong Kong SAR
- Imports of Industrial Sewing Machines (Non-Automatic) in Hong Kong SAR
Price for Industrial Sewing Machines (Non-Automatic) in Hong Kong SAR (FOB) - 2022
The average industrial sewing machines (non-automatic) export price stood at $1,538 per unit in 2022, increasing by 7.4% against the previous year. In general, export price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, industrial sewing machines (non-automatic) export price increased by +25.4% against 2020 indices. The pace of growth was the most pronounced in 2017 an increase of 18%. The export price peaked in 2022 and is likely to see gradual growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($5,319 per unit), while the average price for exports to South Korea ($540 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+23.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Industrial Sewing Machines (Non-Automatic) in Hong Kong SAR (CIF) - 2023
The average industrial sewing machines (non-automatic) import price stood at $1,733 per unit in September 2023, growing by 17% against the previous month. Over the period under review, the import price continues to indicate a pronounced increase. The most prominent rate of growth was recorded in March 2023 an increase of 306% month-to-month. The import price peaked at $1,974 per unit in October 2022; afterwards, it flattened through to September 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($2,524 per unit), while the price for Vietnam ($232 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.
Exports of Industrial Sewing Machines (Non-Automatic) in Hong Kong SAR
In 2022, industrial sewing machines (non-automatic) exports from Hong Kong SAR contracted to 53K units, therefore, remained relatively stable against the year before. Over the period under review, total exports indicated a tangible increase from 2019 to 2022: its volume increased at an average annual rate of +4.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +57.9% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 60%. As a result, the exports reached the peak of 53K units, and then declined modestly in the following year.
In value terms, industrial sewing machines (non-automatic) exports reached $81M in 2022. In general, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +9.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +98.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 87% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
Export of Industrial Sewing Machines (Non-Automatic) in Hong Kong SAR (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Vietnam | 21.1 | 8.0 | 19.7 | 23.7 | 3.9% |
Bangladesh | 15.7 | 8.8 | 24.6 | 19.0 | 6.6% |
India | 7.8 | 3.3 | 9.9 | 10.9 | 11.8% |
Indonesia | 1.9 | 1.5 | 2.7 | 4.4 | 32.3% |
China | 2.1 | 2.0 | 6.3 | 4.4 | 28.0% |
Cambodia | 2.8 | 6.5 | 3.4 | 3.2 | 4.6% |
Myanmar | N/A | N/A | N/A | 2.5 | 0% |
Turkey | 0.6 | 0.6 | 0.8 | 2.1 | 51.8% |
Singapore | 2.4 | 3.2 | 0.9 | 1.9 | -7.5% |
Pakistan | 1.6 | 0.7 | 0.4 | 0.8 | -20.6% |
South Korea | 0.3 | N/A | 0.1 | 0.4 | 10.1% |
Others | 6.3 | 6.3 | 7.7 | 7.5 | 6.0% |
Total | 62.5 | 40.9 | 76.4 | 80.9 | 9.0% |
Top Export Markets for Industrial Sewing Machines (Non-Automatic) from Hong Kong SAR in 2022:
- Bangladesh (13.1K units)
- Vietnam (10.0K units)
- India (7.0K units)
- Indonesia (3.7K units)
- Cambodia (3.6K units)
- Myanmar (3.5K units)
- Singapore (2.2K units)
- Turkey (1.6K units)
- Pakistan (1.4K units)
- China (0.8K units)
- South Korea (0.8K units)
Imports of Industrial Sewing Machines (Non-Automatic) in Hong Kong SAR
In 2022, industrial sewing machines (non-automatic) imports into Hong Kong SAR shrank to 46K units, dropping by -7.2% against the previous year's figure. Over the period under review, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 51% against the previous year. As a result, imports attained the peak of 49K units, and then dropped in the following year.
In value terms, industrial sewing machines (non-automatic) imports rose remarkably to $69M in 2022. In general, total imports indicated measured growth from 2019 to 2022: its value increased at an average annual rate of +2.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.4% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 48% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.
Import of Industrial Sewing Machines (Non-Automatic) in Hong Kong SAR (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 32.4 | 25.7 | 35.9 | 29.9 | -2.6% |
China | 15.4 | 8.3 | 18.2 | 16.7 | 2.7% |
Vietnam | 1.4 | 0.2 | 2.0 | 13.5 | 112.8% |
Singapore | 9.2 | 7.6 | 5.4 | 5.0 | -18.4% |
Malaysia | 2.7 | 1.0 | 1.4 | 1.8 | -12.6% |
Philippines | 0.3 | 0.4 | 0.5 | 0.4 | 10.1% |
Others | 3.1 | 0.7 | 1.7 | 1.3 | -25.1% |
Total | 64.5 | 43.9 | 65.1 | 68.7 | 2.1% |
Top Suppliers of Industrial Sewing Machines (Non-Automatic) to Hong Kong SAR in 2022:
- China (21.6K units)
- Japan (14.7K units)
- Vietnam (2.8K units)
- Singapore (2.7K units)
- Philippines (2.5K units)
- Malaysia (1.0K units)
This report provides an in-depth analysis of the market for industrial sewing machines (non-automatic) 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 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
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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
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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.