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Finland - Household Sewing Machines - Market Analysis, Forecast, Size, Trends and Insights
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Finland: Household Sewing Machine Market Overview 2021

Household Sewing Machine Market Size in Finland

In 2020, the Finnish household sewing machine market increased by X% to $X, rising for the fifth year in a row after three years of decline. Over the period under review, consumption, however, saw a pronounced contraction. Household sewing machine consumption peaked at $X in 2012; however, from 2013 to 2020, consumption remained at a lower figure.

Household Sewing Machine Exports

Exports from Finland

In 2020, the amount of household sewing machines exported from Finland reduced markedly to X units, waning by -X% on 2019 figures. In general, exports recorded a sharp descent. The most prominent rate of growth was recorded in 2015 with an increase of X% y-o-y. Exports peaked at X units in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

In value terms, household sewing machine exports rose modestly to $X in 2020. Overall, exports showed a dramatic descent. The growth pace was the most rapid in 2015 with an increase of X% y-o-y. Over the period under review, exports reached the peak figure at $X in 2007; however, from 2008 to 2020, exports remained at a lower figure.

Exports by Country

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

From 2007 to 2020, the average annual growth rate of volume to Sweden stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (-X% per year) and Switzerland (-X% per year).

In value terms, the largest markets for household sewing machine exported from Finland were Sweden ($X), Estonia ($X) and Switzerland ($X), together comprising X% of total exports. These countries were followed by Gambia, which accounted for a further X recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2020, the average household sewing machine export price amounted to $X per unit, rising by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 an increase of X% y-o-y. The export price peaked at $X per unit in 2010; however, from 2011 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was Estonia ($X per unit), while the average price for exports to Sweden ($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 Gambia, while the prices for the other major destinations experienced mixed trend patterns.

Household Sewing Machine Imports

Imports into Finland

In 2020, overseas purchases of household sewing machines increased by X% to X units for the first time since 2017, thus ending a two-year declining trend. In general, imports, however, recorded a relatively flat trend pattern. Imports peaked at X units in 2012; however, from 2013 to 2020, imports remained at a lower figure.

In value terms, household sewing machine imports soared to $X in 2020. Over the period under review, imports, however, showed a noticeable reduction. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, Viet Nam (X units) constituted the largest supplier of household sewing machine to Finland, accounting for a X% share of total imports. Moreover, household sewing machine imports from Viet Nam exceeded the figures recorded by the second-largest supplier, China (X units), twofold. Denmark (X units) ranked third in terms of total imports with a X% share.

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

In value terms, Viet Nam ($X), China ($X) and Thailand ($X) were the largest household sewing machine suppliers to Finland, together comprising X% of total imports.

Among the main suppliers, Viet Nam (+X% per year) saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2020, the average household sewing machine import price amounted to $X per unit, shrinking by -X% against the previous year. In general, the import price saw a pronounced curtailment. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. The import price peaked at $X per unit in 2011; however, from 2012 to 2020, import prices remained at a lower figure.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Thailand, 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?
+
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 comprising 49% of global consumption. The UK, the Netherlands, Germany, India, Iran, Belgium, France, Viet Nam and Bangladesh lagged somewhat behind, together accounting for a further 19%.
What are the largest producers of household sewing machines in the world?
+
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 Finland?
+
In value terms, the largest household sewing machine suppliers to Finland were Viet Nam ($1.9M), China ($1M) and Thailand ($547K), with a combined 89% share of total imports.
What are the leading importers of household sewing machines from Finland?
+
In value terms, the largest markets for household sewing machine exported from Finland were Sweden ($18K), Estonia ($12K) and Switzerland ($8.5K), together comprising 96% of total exports. These countries were followed by Gambia, which accounted for a further 3%.
What is the average export price for household sewing machines in Finland?
+
The average household sewing machine export price stood at $149 per unit in 2020, surging by 27% against the previous year.
What is the average import price for household sewing machines in Finland?
+
The average household sewing machine import price stood at $74 per unit in 2020, shrinking by -33.1% against the previous year.

Product coverage:
• Prodcom 28944000 - Domestic sewing machines (excluding furniture, bases and covers)

This report provides an in-depth analysis of the household sewing machine market in Finland. 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 2025.


Country coverage:
• Finland

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Finland
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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