Denmark: Household Sewing Machine Market Overview 2021

Household Sewing Machine Market Size in Denmark

In 2020, the Danish household sewing machine market decreased by -X% to $X, falling for the second year in a row after two years of growth. In general, consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, consumption reached the peak level of $X. From 2015 to 2020, the growth of the market remained at a somewhat lower figure.

Household Sewing Machine Exports

Exports from Denmark

In 2020, overseas shipments of household sewing machines increased by X% to X units, rising for the third year in a row after two years of decline. Overall, exports enjoyed a resilient expansion. As a result, exports attained the peak and are likely to continue growth in the immediate term.

In value terms, household sewing machine exports skyrocketed to $X in 2020. Over the period under review, exports recorded a notable expansion. As a result, exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X units) was the main destination for household sewing machine exports from Denmark, with a X% share of total exports. Moreover, household sewing machine exports to Germany exceeded the volume sent to the second major destination, Sweden (X units), threefold. Norway (X units) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Germany totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+X% per year) and Norway (+X% per year).

In value terms, Norway ($X), Germany ($X) and Sweden ($X) were the largest markets for household sewing machine exported from Denmark worldwide, together comprising X% of total exports.

Norway saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average household sewing machine export price amounted to $X per unit, shrinking by -X% against the previous year. Overall, the export price showed a deep setback. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, average export prices reached the maximum at $X per unit in 2007; however, from 2008 to 2020, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Norway ($X per unit), while the average price for exports to Spain ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Sweden, while the prices for the other major destinations experienced a decline.

Household Sewing Machine Imports

Imports into Denmark

In 2020, overseas purchases of household sewing machines increased by X% to X units, rising for the fourth year in a row after two years of decline. Overall, imports enjoyed strong growth. The pace of growth appeared the most rapid in 2010 when imports increased by X% y-o-y. Over the period under review, imports hit record highs in 2020 and are expected to retain growth in years to come.

In value terms, household sewing machine imports dropped to $X in 2020. In general, imports showed a perceptible decrease. The most prominent rate of growth was recorded in 2010 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, Germany (X units) constituted the largest household sewing machine supplier to Denmark, with a X% share of total imports. Moreover, household sewing machine imports from Germany exceeded the figures recorded by the second-largest supplier, Thailand (X units), fourfold. The third position in this ranking was occupied by Viet Nam (X units), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from Germany amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+X% per year) and Viet Nam (+X% per year).

In value terms, Germany ($X) constituted the largest supplier of household sewing machine to Denmark, comprising X% of total imports. The second position in the ranking was occupied by Viet Nam ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from Germany totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Viet Nam (+X% per year) and Thailand (+X% per year).

Import Prices by Country

The average household sewing machine import price stood at $X per unit in 2020, with a decrease of -X% against the previous year. In general, the import price showed a deep reduction. The pace of growth appeared the most rapid in 2008 when the average import price increased by X% year-to-year. As a result, import price reached the peak level of $X per unit. From 2009 to 2020, the growth in terms of the average import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Viet Nam ($X per unit), while the price for Finland ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for household sewing machines in the world?

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The countries with the highest volumes of household sewing machine consumption in 2020 were the U.S. (4.8M units), China (4.1M units) and Japan (938K units), together accounting for 49% of global consumption. These countries were followed by the UK, the Netherlands, Germany, India, Iran, Belgium, France, Viet Nam and Bangladesh, which together accounted for a further 19%.

What are the largest producers of household sewing machines in the world?

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The countries with the highest volumes of household sewing machine production in 2020 were China (7.9M units), Viet Nam (6.3M units) and Taiwan (Chinese) (2.7M units), together accounting for 78% of global production.

What are the leading suppliers of household sewing machines to Denmark?

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In value terms, Germany ($2.4M) constituted the largest supplier of household sewing machine to Denmark, comprising 44% of total imports. The second position in the ranking was occupied by Viet Nam ($910K), with a 17% share of total imports. It was followed by Thailand, with a 16% share.

What are the leading importers of household sewing machines from Denmark?

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In value terms, Norway ($1.9M), Germany ($1.3M) and Sweden ($950K) appeared to be the largest markets for household sewing machine exported from Denmark worldwide, together accounting for 88% of total exports.

What is the average export price for household sewing machines in Denmark?

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The average household sewing machine export price stood at $96 per unit in 2020, declining by -28.9% against the previous year.

What is the average import price for household sewing machines in Denmark?

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In 2020, the average household sewing machine import price amounted to $30 per unit, dropping by -31.9% against the previous year.