Sewing Machine Needle Market

Sewing machine needle market: find recently published facts and figures enhanced by an Ai-driven market intelligence tool. Info cover companies, market prices, consumption, market size, imports, exports, trade, and production. Here is a breakdown by region, including China, Russia, EU, Latin America, the Middle East, Africa, the U.K., and the U.S. Market dynamics and outlook to 2030 are also provided in the reports.


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Sewing Machine Needle - World's Largest Markets

RatingCountry
1China
2Nigeria

In value terms, China led the market, alone. The second position in the ranking was occupied by Nigeria.

From 2018 to 2020, the average annual rate of growth in terms of value in China totaled +86.3%.

Sewing Machine Needle Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
USD per unit
China8.5111427.4%
Taiwan (Chinese)19312721.2%
South Korea434335-10.3%
United States1089835-42.8%
Japan4242420.4%
India864848-25.1%
Singapore5959708.9%
Average3131368.1%

Prices varied noticeably by the country of origin; the country with the highest price was Singapore ($70 per unit), while China ($14 per unit) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by China, while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY201820192020CAGR,
2018-2020
USD per unit
Japan10010190-5.2%
Hong Kong SAR889582-3.5%
Singapore7379794.3%
United States11510678-17.4%
China57487716.1%
Vietnam777737-30.7%
India2732329.0%
Nigeria141212-7.5%
Average555332-24.4%

Prices varied noticeably by the country of destination; the country with the highest price was Japan ($90 per unit), while Nigeria ($12 per unit) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by China, while the other global leaders experienced more modest paces of growth.

Sewing Machine Needle - Top Importers

COUNTRY201820192020CAGR,
2018-2020
million USD
Nigeria2.41.747339.9%
Hong Kong SAR251617-16.7%
United States1414150.6%
Singapore191414-13.6%
Japan9.17.21422.8%

In value terms, Nigeria ($47M) constitutes the largest market for imported sewing machine needles worldwide, comprising 23% of global imports. The second position in the ranking was occupied by Hong Kong SAR ($17M), with a 8.1% share of global imports. It was followed by the United States, with a 7% share.

From 2018 to 2020, the average annual rate of growth in terms of value in Nigeria amounted to +339.9%. The remaining importing countries recorded the following average annual rates of imports growth: Hong Kong SAR (-16.7% per year) and the United States (+0.6% per year).

Sewing Machine Needle - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
million USD
India353232-5.2%
China323515-30.5%
Japan171414-10.7%
Singapore131310-11.7%
South Korea7.27.26.3-7.0%

In value terms, India ($32M) emerged as the largest sewing machine needle supplier worldwide, comprising 29% of global exports. The second position in the ranking was occupied by China ($15M), with a 14% share of global exports. It was followed by Japan, with a 12% share.

From 2018 to 2020, the average annual rate of growth in terms of value in India stood at -5.2%. The remaining exporting countries recorded the following average annual rates of exports growth: China (-30.5% per year) and Japan (-10.7% per year).

Sewing Machine Needle - Market Forecast

The sewing machine needle market is expected to start a downward consumption trend over the next decade. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -3.2% for the ten-year period from 2020 to 2030, which is projected to depress the market volume to by the end of 2030.

Sewing Machine Needle - Product Coverage

  • HS 845230 - Sewing machine needles
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World - Sewing Machine Needles - Market Analysis, Forecast, Size, Trends and Insights
$499

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

Latin America and the Caribbean - Sewing Machine Needles - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the sewing machine needle market in Latin America and the Caribbean.

Eastern Asia - Sewing Machine Needles - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the sewing machine needle market in Eastern Asia.

Middle East - Sewing Machine Needles - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the sewing machine needle market in the Middle East.

Africa - Sewing Machine Needles - Market Analysis, Forecast, Size, Trends and Insights
$499

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

Central Asia - Sewing Machine Needles - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the sewing machine needle market in Central Asia.

South-Eastern Asia - Sewing Machine Needles - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the sewing machine needle market in South-Eastern Asia.

Southern Asia - Sewing Machine Needles - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the sewing machine needle market in Southern Asia.

Northern America - Sewing Machine Needles - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the sewing machine needle market in Northern America.

Australia and Oceania - Sewing Machine Needles - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the sewing machine needle market in Australia and Oceania.

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