Latin America and the Caribbean: Household Sewing Machine Market 2024

Household Sewing Machine Market Size in Latin America and the Caribbean

In 2022, the Latin American household sewing machine market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption saw a pronounced downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Household Sewing Machine Production in Latin America and the Caribbean

In value terms, household sewing machine production fell modestly to $X in 2022 estimated in export price. Overall, production showed a deep setback. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

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Household Sewing Machine Exports

Exports in Latin America and the Caribbean

In 2022, after nine years of decline, there was significant growth in shipments abroad of household sewing machines, when their volume increased by X% to X units. In general, exports, however, saw a abrupt contraction. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, household sewing machine exports skyrocketed to $X in 2022. Overall, exports, however, recorded a deep contraction. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Panama (X units), distantly followed by Colombia (X units), the Dominican Republic (X units), Chile (X units) and Mexico (X units) represented the key exporters of household sewing machines, together generating X% of total exports. Venezuela (X units) and Peru (X units) took a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Colombia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest household sewing machine supplying countries in Latin America and the Caribbean were the Dominican Republic ($X), Chile ($X) and Panama ($X), together accounting for X% of total exports. Mexico, Colombia, Venezuela and Peru lagged somewhat behind, together comprising a further X%.

Mexico, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2022, falling by X% against the previous year. Over the period under review, the export price, however, continues to indicate a notable expansion. The growth pace was the most rapid in 2019 when the export price increased by X%. The level of export peaked at $X per unit in 2020; however, from 2021 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 Chile ($X per unit), while Colombia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (X%), while the other leaders experienced more modest paces of growth.

Household Sewing Machine Imports

Imports in Latin America and the Caribbean

After two years of growth, supplies from abroad of household sewing machines decreased by X% to X units in 2022. Over the period under review, imports recorded a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of import peaked at X units in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, household sewing machine imports declined dramatically to $X in 2022. In general, imports continue to indicate a perceptible decline. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then contracted remarkably in the following year.

Imports by Country

The purchases of the four major importers of household sewing machines, namely Brazil, Mexico, Chile and Argentina, represented more than two-thirds of total import. Colombia (X units) ranks next in terms of the total imports with an X% share, followed by Ecuador (X%). Peru (X units) held a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Ecuador (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest household sewing machine importing markets in Latin America and the Caribbean were Brazil ($X), Chile ($X) and Mexico ($X), together accounting for X% of total imports. Argentina, Colombia, Peru and Ecuador lagged somewhat behind, together accounting for a further X%.

Peru, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per unit, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2016 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per unit in 2019; however, from 2020 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 Chile ($X per unit), while Ecuador ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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