Germany: Sewing Machine Furniture Market 2024

Sewing Machine Furniture Market Size in Germany

The German sewing machine furniture market shrank to $X in 2022, with a decrease of X% against the previous year. Overall, consumption, however, showed a buoyant increase. Sewing machine furniture consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Sewing Machine Furniture Production in Germany

In value terms, sewing machine furniture production skyrocketed to $X in 2022 estimated in export price. In general, production saw a perceptible contraction. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

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Sewing Machine Furniture Exports

Exports from Germany

In 2017, exports of furniture, bases and covers for sewing machines from Germany rose significantly to X tons, increasing by X% compared with 2016 figures. In general, total exports indicated a prominent increase from 2012 to 2017: its volume increased at an average annual rate of X% over the last five-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2017 figures, exports increased by X% against 2012 indices. The most prominent rate of growth was recorded in 2014 when exports increased by X%. Over the period under review, the exports attained the peak figure in 2017 and are likely to see steady growth in the immediate term.

In value terms, sewing machine furniture exports totaled $X in 2017. The total export value increased at an average annual rate of X% from 2012 to 2017; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2017, the growth of the exports remained at a lower figure.

Exports by Country

The Czech Republic (X tons) was the main destination for sewing machine furniture exports from Germany, accounting for a X% share of total exports. Moreover, sewing machine furniture exports to the Czech Republic exceeded the volume sent to the second major destination, Poland (X tons), twofold. The third position in this ranking was held by the United States (X tons), with a X% share.

From 2012 to 2017, the average annual growth rate of volume to the Czech Republic totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and the United States (X% per year).

In value terms, the United States ($X), Poland ($X) and Romania ($X) were the largest markets for sewing machine furniture exported from Germany worldwide, with a combined X% share of total exports. Italy, the Czech Republic, France, the Netherlands, Switzerland and Austria lagged somewhat behind, together comprising a further X%.

The Czech Republic, with a CAGR of X%, recorded the highest growth rate of the value of exports, among 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 2017, the average sewing machine furniture export price amounted to $X per ton, surging by X% against the previous year. In general, the export price, however, showed a deep slump. The export price peaked at $X per ton in 2012; however, from 2013 to 2017, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2017, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2017, the most notable rate of growth in terms of prices was recorded for supplies to Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sewing Machine Furniture Imports

Imports into Germany

In 2017, sewing machine furniture imports into Germany reached X tons, picking up by X% on 2016 figures. The total import volume increased at an average annual rate of X% from 2012 to 2017; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, sewing machine furniture imports reached $X in 2017. The total import value increased at an average annual rate of X% over the period from 2012 to 2017; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Poland (X tons), China (X tons) and the Czech Republic (X tons) were the main suppliers of sewing machine furniture imports to Germany, with a combined X% share of total imports. Taiwan (Chinese), Romania, Vietnam, Thailand, Japan, Turkey, Italy, Austria and the United States lagged somewhat behind, together comprising a further X%.

From 2012 to 2017, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Romania ($X) and China ($X) constituted the largest sewing machine furniture suppliers to Germany, together comprising X% of total imports. Japan, Taiwan (Chinese), the United States, Italy, Thailand, Poland, Turkey, Vietnam and Austria lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Vietnam, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average sewing machine furniture import price stood at $X per ton in 2017, increasing by X% against the previous year. Over the period from 2012 to 2017, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2017, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform