Report Update: May 1, 2024

Italy - Sewing Machine Needles - Market Analysis, Forecast, Size, Trends And Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Sewing Machine Needle Price in Italy - 2023

Sewing Machine Needle Price in Italy (CIF) - 2022

The average sewing machine needle import price stood at $11 per thousand units in 2022, declining by -1.6% against the previous year. Overall, the import price, however, showed a measured increase. The pace of growth was the most pronounced in 2017 an increase of 69% against the previous year. The import price peaked at $15 per thousand units in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Hungary ($17 per thousand units), while the price for Poland ($5.3 per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Sewing Machine Needle Price in Italy (FOB) - 2022

The average sewing machine needle export price stood at $2.3 per thousand units in 2022, reducing by -26.8% against the previous year. In general, the export price saw a abrupt descent. The pace of growth appeared the most rapid in 2019 an increase of 85% against the previous year. Over the period under review, the average export prices hit record highs at $5.4 per thousand units in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Albania ($16 per thousand units), while the average price for exports to Romania ($0.5 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 Ethiopia (+13.8%), while the prices for the other major destinations experienced more modest paces of growth.

Sewing Machine Needle Imports in Italy

After three years of growth, overseas purchases of sewing machine needles decreased by -24.7% to 138M units in 2022. In general, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +7.4% 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 +23.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 63% against the previous year. As a result, imports reached the peak of 183M units, and then plummeted in the following year.

In value terms, sewing machine needle imports contracted significantly to $1.6M in 2022. The total import value increased at an average annual rate of +2.6% 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 with an increase of 29% against the previous year. As a result, imports reached the peak of $2.1M, and then contracted sharply in the following year.

Import of Sewing Machine Needle in Italy (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	950	1,244	1,724	1,291	10.8%
Poland	327	275	307	165	-20.4%
Hungary	58.4	48.1	54.0	58.7	0.2%
Others	131	87.5	51.6	69.8	-18.9%
Total	1,466	1,655	2,137	1,584	2.6%

Top Suppliers of Sewing Machine Needle to Italy in 2022:

Germany (98.6M units)
Poland (31.2M units)
Hungary (3.4M units)

Sewing Machine Needle Exports in Italy

Sewing machine needle exports from Italy soared to 241M units in 2022, increasing by 82% on the previous year's figure. In general, exports, however, recorded a deep reduction. Over the period under review, the exports hit record highs at 304M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, sewing machine needle exports surged to $548K in 2022. Over the period under review, exports, however, recorded a precipitous decline. The exports peaked at $1.2M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Export of Sewing Machine Needle in Italy (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Albania	62.4	124	131	105	18.9%
Romania	65.1	45.8	43.3	84.4	9.0%
Germany	7.6	4.4	2.0	78.2	117.5%
Tunisia	112	38.5	111	57.7	-19.8%
Spain	9.6	12.8	11.9	37.2	57.1%
France	7.6	8.2	7.9	21.9	42.3%
Czech Republic	N/A	N/A	N/A	15.5	0%
Bulgaria	40.9	0.4	6.4	8.1	-41.7%
Portugal	2.7	3.7	0.8	6.2	31.9%
Algeria	799	292	N/A	N/A	-63.5%
Others	122	137	97.9	134	3.2%
Total	1,229	666	412	548	-23.6%

Top Export Markets for Sewing Machine Needle from Italy in 2022:

Romania (173.2M units)
Czech Republic (17.2M units)
France (9.4M units)
Albania (6.6M units)
Spain (6.5M units)
Tunisia (6.4M units)
Germany (6.3M units)
Portugal (3.7M units)
Bulgaria (1.6M units)

Source: IndexBox Market Intelligence Platform

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

Italy

Data coverage:

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