Report Update: May 1, 2024

India - Furniture, Bases And Covers For Sewing Machines - Market Analysis, Forecast, Size, Trends And Insights

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Sewing Machine Furniture Price in India - 2023

Sewing Machine Furniture Price in India (CIF) - 2023

The average sewing machine furniture import price stood at $3,038 per ton in July 2023, dropping by -3.2% against the previous month. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 101% against the previous month. As a result, import price reached the peak level of $4,646 per ton. From March 2023 to July 2023, the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In July 2023, the country with the highest price was Malaysia ($2,860 per ton), while the price for China amounted to $2,174 per ton.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Malaysia (+2.7%).

Sewing Machine Furniture Price in India (FOB) - 2022

In 2022, the average sewing machine furniture export price amounted to $2,819 per ton, with an increase of 19% against the previous year. Over the period under review, the export price, however, saw a noticeable reduction. Over the period under review, the average export prices hit record highs at $4,645 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nepal ($5,158 per ton), while the average price for exports to Myanmar ($637 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.

Sewing Machine Furniture Imports in India

In 2022, approx. 2.4K tons of furniture, bases and covers for sewing machines were imported into India; picking up by 26% compared with the previous year's figure. In general, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +6.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +110.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 67%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, sewing machine furniture imports soared to $27M in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +6.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +103.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 58%. Imports peaked in 2022 and are expected to retain growth in years to come.

Import of Sewing Machine Furniture in India (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	13.3	7.7	13.1	17.4	9.4%
Taiwan (Chinese)	1.2	0.9	1.4	1.8	14.5%
Singapore	1.2	0.5	1.2	1.6	10.1%
Malaysia	1.8	1.0	1.6	1.4	-8.0%
Others	4.9	3.3	4.0	5.1	1.3%
Total	22.4	13.4	21.2	27.3	6.8%

Top Suppliers of Sewing Machine Furniture to India in 2022:

China (2091.9 tons)
Malaysia (164.7 tons)
Taiwan (Chinese) (37.0 tons)
Singapore (31.9 tons)

Sewing Machine Furniture Exports in India

In 2022, after three years of growth, there was significant decline in overseas shipments of furniture, bases and covers for sewing machines, when their volume decreased by -27.8% to 4.1K tons. Over the period under review, exports, however, continue to indicate a strong expansion. The pace of growth was the most pronounced in 2021 with an increase of 54%. As a result, the exports reached the peak of 5.6K tons, and then reduced rapidly in the following year.

In value terms, sewing machine furniture exports shrank to $11M in 2022. The total export value increased at an average annual rate of +4.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 40%. As a result, the exports attained the peak of $13M, and then declined in the following year.

Export of Sewing Machine Furniture in India (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Nigeria	877	900	1,272	1,854	28.3%
United Arab Emirates	450	431	814	1,136	36.2%
Nepal	1,370	951	1,546	1,060	-8.2%
Bangladesh	939	1,752	1,188	782	-5.9%
Tanzania	387	271	541	488	8.0%
Uganda	75.0	215	372	488	86.7%
Mali	253	281	378	470	22.9%
Yemen	594	619	979	440	-9.5%
Kenya	275	301	492	429	16.0%
Burkina Faso	242	190	137	279	4.9%
Guinea	70.7	215	381	233	48.8%
Togo	28.3	9.7	196	204	93.2%
Myanmar	199	225	366	112	-17.4%
Others	4,261	3,152	4,677	3,522	-6.2%
Total	10,022	9,513	13,341	11,495	4.7%

Top Export Markets for Sewing Machine Furniture from India in 2022:

United Arab Emirates (505.2 tons)
Nigeria (438.9 tons)
Bangladesh (401.8 tons)
Uganda (285.8 tons)
Mali (274.7 tons)
Yemen (242.5 tons)
Tanzania (239.0 tons)
Nepal (205.5 tons)
Myanmar (176.3 tons)
Burkina Faso (148.8 tons)
Kenya (132.1 tons)
Guinea (124.0 tons)
Togo (97.1 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the sewing machine furniture market in India. 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 28945260 - Furniture, bases and covers for sewing machines and parts thereof, other parts of sewing machines

Country coverage:

India

Data coverage:

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