Iceland: Household Sewing Machine Market Overview 2020

Household Sewing Machine Market Size in Iceland

The revenue of the household sewing machine market in Iceland amounted to $X in 2018, waning by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, household sewing machine consumption continues to indicate an abrupt slump. The growth pace was the most rapid in 2012 when the market value increased by X% y-o-y. In that year, the household sewing machine market reached its peak level of $X. From 2013 to 2018, the growth of the household sewing machine market remained at a lower figure.

Household Sewing Machine Exports

Exports from Iceland

In 2018, approx. X units of household sewing machines were exported from Iceland; leveling off at the previous year. In general, household sewing machine exports continue to indicate skyrocketing growth. The pace of growth was the most pronounced in 2015 when exports increased by X% y-o-y. Over the period under review, household sewing machine exports attained their peak figure at X units in 2016; afterwards, it flattened through to 2018.

In value terms, household sewing machine exports totaled $X in 2018. Over the period under review, household sewing machine exports continue to indicate a dramatic deduction. The growth pace was the most rapid in 2015 when exports increased by X% y-o-y. Iceland exports peaked at $X in 2016; however, from 2017 to 2018, exports failed to regain their momentum.

Exports by Country

In 2018, Viet Nam (X units) and China (X units) were the key exporters of household sewing machinesacross the globe, together finishing at near X% of total exports. Taiwan, Chinese (X units) held the next position in the ranking, followed by Thailand (X units) and Germany (X units). All these countries together occupied approx. X% share of total exports. The following exporters - the Netherlands (X units) and India (X units) - each amounted to a X% share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Iceland (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest household sewing machine markets from Iceland were Viet Nam ($X), China ($X) and Taiwan, Chinese ($X), with a combined X% share of total exports. These countries were followed by Thailand, Germany, the Netherlands, India and Iceland, which together accounted for a further X terms of the main exporting countries, the Netherlands experienced the highest rates of growth with regard to exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The household sewing machine export price in Iceland stood at $X per unit in 2018, coming down by -X% against the previous year. In general, the household sewing machine export price continues to indicate a precipitous descent. The growth pace was the most rapid in 2014 when the export price increased by X% against the previous year. Over the period under review, the export prices for household sewing machines reached their peak figure at $X per unit in 2007; however, from 2008 to 2018, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per unit), while India ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Thailand, while the other leaders experienced more modest paces of growth.

Household Sewing Machine Imports

Imports into Iceland

Household sewing machine imports into Iceland amounted to X units in 2018, waning by -X% against the previous year. In general, household sewing machine imports continue to indicate a deep descent. The most prominent rate of growth was recorded in 2012 when imports increased by X% against the previous year. In that year, household sewing machine imports reached their peak of X units. From 2013 to 2018, the growth of household sewing machine imports remained at a lower figure.

In value terms, household sewing machine imports stood at $X in 2018. In general, household sewing machine imports continue to indicate a drastic setback. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, household sewing machine imports reached their maximum at $X in 2009; however, from 2010 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, the U.S. (X units), distantly followed by Germany (X units), Japan (X units), the Netherlands (X units) and Russia (X units) represented the key importers of household sewing machines, together generating X% of total imports. Venezuela (X units), the UK (X units), Spain (X units), Poland (X units), France (X units), Bangladesh (X units) and Belgium (X units) occupied a relatively small share of total imports.

The U.S. experienced a relatively flat trend pattern of household sewing machines imports. At the same time, Venezuela (+X%), the Netherlands (+X%), Poland (+X%), Germany (+X%), Belgium (+X%), Spain (+X%), Bangladesh (+X%) and Japan (+X%) displayed positive paces of growth. Moreover, Venezuela emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. The UK experienced a relatively flat trend pattern. By contrast, Russia (-X%) and France (-X%) illustrated a downward trend over the same period. The Netherlands (+X p.p.), Germany (+X p.p.), Venezuela (+X p.p.) and Poland (+X p.p.) significantly strengthened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X), Germany ($X) and Japan ($X) were the countries with the highest levels of imports in 2018, with a combined X% share of total imports. Poland, France, the Netherlands, Russia, the UK, Spain, Belgium, Bangladesh, Iceland and Venezuela lagged somewhat behind, together comprising a further X recorded the highest rates of growth with regard to imports, among the main importing countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The household sewing machine import price in Iceland stood at $X per unit in 2018, waning by -X% against the previous year. Over the period under review, the household sewing machine import price, however, continues to indicate a notable increase. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. Iceland import price peaked at $X per unit in 2008; however, from 2009 to 2018, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Poland ($X per unit), while Venezuela ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Poland, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform