Benelux: Sewing Machine Needle Market 2024

Sewing Machine Needle Market Size in Benelux

In 2022, the Benelux sewing machine needle market increased by X% to $X, rising for the second consecutive year after three years of decline. In general, consumption posted resilient growth. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Sewing Machine Needle Production in Benelux

In value terms, sewing machine needle production fell slightly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Sewing Machine Needle Exports

Exports in Benelux

In 2022, after six years of growth, there was significant decline in overseas shipments of sewing machine needles, when their volume decreased by X% to X units. Overall, exports, however, saw a strong expansion. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X units, and then contracted significantly in the following year.

In value terms, sewing machine needle exports stood at $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when exports increased by X%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Belgium was the main exporter of sewing machine needles in Benelux, with the volume of exports amounting to X units, which was approx. X% of total exports in 2022. It was distantly followed by the Netherlands (X units), creating a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to sewing machine needle exports from Belgium stood at X%. At the same time, the Netherlands (X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in Benelux, with a CAGR of X% from 2012-2022. While the share of the Netherlands (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Belgium (X p.p.) displayed negative dynamics.

In value terms, Belgium ($X) remains the largest sewing machine needle supplier in Benelux, comprising X% of total exports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Belgium amounted to X%.

Export Prices by Country

The export price in Benelux stood at less than $X per unit in 2022, picking up by X% against the previous year. In general, the export price, however, faced a drastic downturn. The level of export peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Netherlands (less than $X per unit), while Belgium amounted to less than $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%).

Sewing Machine Needle Imports

Imports in Benelux

In 2022, purchases abroad of sewing machine needles increased by X% to X units, rising for the third year in a row after two years of decline. In general, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, sewing machine needle imports contracted significantly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then dropped rapidly in the following year.

Imports by Country

The Netherlands dominates imports structure, amounting to X units, which was approx. X% of total imports in 2022. It was distantly followed by Belgium (X units), generating a X% share of total imports.

The Netherlands was also the fastest-growing in terms of the sewing machine needles imports, with a CAGR of X% from 2012 to 2022. At the same time, Belgium (X%) displayed positive paces of growth. While the share of the Netherlands (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Belgium (X p.p.) displayed negative dynamics.

In value terms, Belgium ($X) and the Netherlands ($X) appeared to be the countries with the highest levels of imports in 2022.

In terms of the main importing countries, the Netherlands, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

The import price in Benelux stood at $X per thousand units in 2022, dropping by X% against the previous year. In general, the import price continues to indicate a dramatic setback. The most prominent rate of growth was recorded in 2016 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per thousand units in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per thousand units), while the Netherlands amounted to $X per thousand units.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (X%).

Source: IndexBox Platform

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