Vietnam - Sewing Machine Needles - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSewing Machine Needle Price in Vietnam - 2022
Contents:
- Sewing Machine Needle Price in Vietnam (FOB) - 2022
- Sewing Machine Needle Price in Vietnam (CIF) - 2022
- Sewing Machine Needle Exports in Vietnam
- Sewing Machine Needle Imports in Vietnam
Sewing Machine Needle Price in Vietnam (FOB) - 2022
In 2022, the average sewing machine needle export price amounted to $10 per thousand units, falling by -12.7% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by 17%. Over the period under review, the average export prices hit record highs at $14 per thousand units in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($14 per thousand units), while the average price for exports to Singapore ($8.3 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 Hong Kong SAR (+2.4%), while the prices for the other major destinations experienced mixed trend patterns.
Sewing Machine Needle Price in Vietnam (CIF) - 2022
The average sewing machine needle import price stood at $23 per thousand units in 2022, jumping by 33% against the previous year. Over the period under review, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
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 Taiwan (Chinese) ($25 per thousand units), while the price for Japan ($11 per thousand units) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Sewing Machine Needle Exports in Vietnam
In 2022, sewing machine needle exports from Vietnam dropped to 3.8B units, waning by -14.2% against the previous year. Over the period under review, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 136% against the previous year. As a result, the exports reached the peak of 4.5B units, and then dropped in the following year.
In value terms, sewing machine needle exports fell remarkably to $39M in 2022. Overall, exports, however, continue to indicate prominent growth. The pace of growth was the most pronounced in 2021 with an increase of 101% against the previous year. As a result, the exports reached the peak of $52M, and then reduced markedly in the following year.
| Export of Sewing Machine Needle in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 11.1 | 9.7 | 20.5 | 11.2 | 0.3% |
| China | 3.1 | 2.5 | 4.8 | 7.3 | 33.0% |
| Hong Kong SAR | 0.7 | 0.5 | 2.6 | 5.9 | 103.5% |
| Japan | 7.7 | 5.9 | 8.8 | 5.7 | -9.5% |
| Indonesia | 0.9 | 0.9 | 2.3 | 1.3 | 13.0% |
| India | 0.9 | 1.2 | 2.3 | 1.3 | 13.0% |
| Germany | 0.7 | 1.5 | 2.0 | 1.1 | 16.3% |
| Russia | 0.5 | 0.5 | 1.0 | 0.5 | 0.0% |
| Others | 2.1 | 2.9 | 7.3 | 4.5 | 28.9% |
| Total | 27.6 | 25.7 | 51.7 | 38.7 | 11.9% |
Top Export Markets for Sewing Machine Needle from Vietnam in 2022:
- Singapore (1347.3M units)
- China (770.7M units)
- Japan (583.9M units)
- Hong Kong SAR (432.2M units)
- India (151.3M units)
- Germany (132.0M units)
- Russia (51.5M units)
- Indonesia (47.4M units)
Sewing Machine Needle Imports in Vietnam
In 2022, approx. 231M units of sewing machine needles were imported into Vietnam; shrinking by -24.1% against the previous year's figure. Overall, imports continue to indicate a deep downturn. The smallest decline of -0.4% was in 2021. Imports peaked at 336M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, sewing machine needle imports totaled $5.3M in 2022. In general, imports saw a perceptible contraction. Over the period under review, imports attained the peak figure at $5.8M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Sewing Machine Needle in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 1,314 | 1,254 | 1,480 | 1,546 | 5.6% |
| Taiwan (Chinese) | 910 | 1,113 | 903 | 1,123 | 7.3% |
| Germany | 474 | 373 | 655 | 687 | 13.2% |
| India | 605 | 438 | 608 | 661 | 3.0% |
| China | 231 | 260 | 187 | 450 | 24.9% |
| Czech Republic | 307 | 337 | 411 | 431 | 12.0% |
| Japan | 1,899 | 1,437 | 822 | 86.9 | -64.2% |
| Others | 94.9 | 94.2 | 132 | 267 | 41.2% |
| Total | 5,835 | 5,304 | 5,198 | 5,251 | -3.5% |
Top Suppliers of Sewing Machine Needle to Vietnam in 2022:
- South Korea (64.8M units)
- Taiwan (Chinese) (45.7M units)
- Germany (28.7M units)
- India (27.3M units)
- China (27.3M units)
- Czech Republic (18.0M units)
- Japan (7.8M units)
This report provides an in-depth analysis of the sewing machine needle market in Vietnam. 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:
- Vietnam
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Vietnam
- 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
447
This report provides an in-depth analysis of the sewing machine needle market in Vietnam.
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This report provides an in-depth analysis of the global sewing machine needle market.
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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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3822
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...
884
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...
1187
The global household sewing machine market showed steady growth until it contracted slightly from 2015-2016, finally amounting to X units in 2016.
4108
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.
3822
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...
884
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...
1187
The global household sewing machine market showed steady growth until it contracted slightly from 2015-2016, finally amounting to X units in 2016.
4108
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.
