Hong Kong SAR, China - Sewing Machine Needles - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSewing Machine Needle Price in Hong Kong SAR - 2023
Contents:
- Sewing Machine Needle Price in Hong Kong SAR (CIF) - 2022
- Sewing Machine Needle Price in Hong Kong SAR (FOB) - 2022
- Sewing Machine Needle Imports in Hong Kong SAR
- Sewing Machine Needle Exports in Hong Kong SAR
Sewing Machine Needle Price in Hong Kong SAR (CIF) - 2022
In 2022, the average sewing machine needle import price amounted to $9.9 per thousand units, growing by 7% against the previous year. Overall, the import price, however, continues to indicate a slight decrease. Over the period under review, average import prices attained the maximum at $12 per thousand units in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($135 per thousand units), while the price for China ($1.1 per thousand units) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+26.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Sewing Machine Needle Price in Hong Kong SAR (FOB) - 2022
In 2022, the average sewing machine needle export price amounted to $2.6 per thousand units, jumping by 19% against the previous year. Overall, the export price, however, continues to indicate a deep setback. The most prominent rate of growth was recorded in 2017 when the average export price increased by 46% against the previous year. Over the period under review, the average export prices hit record highs at $5.6 per thousand units in 2012; however, from 2013 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 the United States ($9.3 per thousand units), while the average price for exports to China ($1.7 per thousand units) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+13.6%), while the prices for the other major destinations experienced more modest paces of growth.
Sewing Machine Needle Imports in Hong Kong SAR
In 2022, sewing machine needle imports into Hong Kong SAR amounted to 2.5B units, increasing by 3% compared with the previous year. The total import volume increased at an average annual rate of +8.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 31%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, sewing machine needle imports rose rapidly to $25M in 2022. The total import value increased at an average annual rate of +9.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 31%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.
| Import of Sewing Machine Needle in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 9.4 | 7.8 | 9.9 | 11.5 | 7.0% |
| Vietnam | 1.4 | 1.1 | 3.2 | 7.1 | 71.8% |
| Japan | 6.6 | 6.8 | 7.4 | 5.1 | -8.2% |
| South Korea | 0.8 | 0.8 | 1.1 | 0.7 | -4.4% |
| China | 0.1 | N/A | 0.1 | N/A | 0.0% |
| Others | 0.4 | 0.4 | 0.5 | 0.2 | -20.6% |
| Total | 18.8 | 17.0 | 22.3 | 24.6 | 9.4% |
Top Suppliers of Sewing Machine Needle to Hong Kong SAR in 2022:
- Singapore (1133.2M units)
- Vietnam (782.2M units)
- Japan (466.6M units)
- South Korea (68.6M units)
- China (29.7M units)
Sewing Machine Needle Exports in Hong Kong SAR
After three years of growth, shipments abroad of sewing machine needles decreased by -33.9% to 1.2B units in 2022. In general, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 87%. As a result, the exports reached the peak of 1.9B units, and then dropped rapidly in the following year.
In value terms, sewing machine needle exports dropped significantly to $3.2M in 2022. Over the period under review, exports, however, showed a strong expansion. The pace of growth was the most pronounced in 2021 when exports increased by 86% against the previous year. As a result, the exports reached the peak of $4.1M, and then contracted sharply in the following year.
| Export of Sewing Machine Needle in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 456 | 728 | 1,908 | 1,829 | 58.9% |
| United States | 288 | 198 | 303 | 232 | -7.0% |
| Indonesia | 30.4 | 79.3 | 539 | 151 | 70.6% |
| France | 114 | 230 | 317 | 52.4 | -22.8% |
| Others | 1,286 | 947 | 990 | 937 | -10.0% |
| Total | 2,175 | 2,182 | 4,057 | 3,200 | 13.7% |
Top Export Markets for Sewing Machine Needle from Hong Kong SAR in 2022:
- China (1046.4M units)
- Indonesia (69.8M units)
- United States (24.8M units)
- France (6.4M units)
This report provides an in-depth analysis of the sewing machine needle 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 28945230 - Sewing machine needles
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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This report provides an in-depth analysis of the sewing machine needle market in Hong Kong SAR, China.
369
This report provides an in-depth analysis of the household sewing machine market in Hong Kong SAR, China.
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This report provides an in-depth analysis of the market for industrial sewing machines (non-automatic) in Hong Kong SAR, China.
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This report provides an in-depth analysis of the industrial sewing machine market in Hong Kong SAR, China.
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This report provides an in-depth analysis of the global sewing machine needle market.
3256
This report provides an in-depth analysis of the global household sewing machine market.
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This report provides an in-depth analysis of the global market for industrial sewing machines (non-automatic).
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427
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.
3826
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...
886
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...
1189
The global household sewing machine market showed steady growth until it contracted slightly from 2015-2016, finally amounting to X units in 2016.
4114
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.
427
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.
3826
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...
886
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...
1189
The global household sewing machine market showed steady growth until it contracted slightly from 2015-2016, finally amounting to X units in 2016.
4114
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.
