Austria: Sewing Machine Needle Market 2024

Sewing Machine Needle Market Size in Austria

The Austrian sewing machine needle market skyrocketed to $X in 2022, increasing by X% against the previous year. Overall, consumption, however, saw a slight curtailment. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Sewing Machine Needle Production in Austria

In value terms, sewing machine needle production dropped to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X%. Sewing machine needle production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Sewing Machine Needle Exports

Exports from Austria

After six years of growth, shipments abroad of sewing machine needles decreased by X% to X units in 2022. Overall, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. The exports peaked at X units in 2021, and then contracted in the following year.

In value terms, sewing machine needle exports dropped rapidly to $X in 2022. Over the period under review, exports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Africa (X units) was the main destination for sewing machine needle exports from Austria, accounting for a X% share of total exports. Moreover, sewing machine needle exports to South Africa exceeded the volume sent to the second major destination, Switzerland (X units), fivefold. Tunisia (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to South Africa amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (X% per year) and Tunisia (X% per year).

In value terms, South Africa ($X) remains the key foreign market for sewing machine needles exports from Austria, comprising X% of total exports. The second position in the ranking was taken by Tunisia ($X), with a X% share of total exports. It was followed by Switzerland, with a X% share.

From 2012 to 2022, the average annual growth rate of value to South Africa totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tunisia (X% per year) and Switzerland (X% per year).

Export Prices by Country

In 2022, the average sewing machine needle export price amounted to less than $X per unit, declining by X% against the previous year. Overall, the export price continues to indicate a deep slump. The most prominent rate of growth was recorded in 2015 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

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 Tunisia ($X per unit), while the average price for exports to Turkey (less than $X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (X%), while the prices for the other major destinations experienced a decline.

Sewing Machine Needle Imports

Imports into Austria

Sewing machine needle imports into Austria soared to X units in 2022, jumping by X% compared with the previous year's figure. Over the period under review, imports enjoyed a prominent increase. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, sewing machine needle imports declined to $X in 2022. In general, imports, however, continue to indicate a pronounced reduction. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Poland (X units), Germany (X units) and the UK (X units) were the main suppliers of sewing machine needle imports to Austria, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of sewing machine needles to Austria, comprising X% of total imports. The second position in the ranking was held by Poland ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and China (X% per year).

Import Prices by Country

In 2022, the average sewing machine needle import price amounted to less than $X per unit, declining by X% against the previous year. In general, the import price saw a sharp slump. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the average import prices remained 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 China (less than $X per unit), while the price for the UK (less than $X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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