Luxembourg: Market for Industrial Sewing Machines (Non-Automatic) 2024

Market Size for Industrial Sewing Machines (Non-Automatic) in Luxembourg

The Luxembourg industrial sewing machines (non-automatic) market soared to $X in 2022, with an increase of X% against the previous year. In general, consumption, however, continues to indicate a noticeable setback. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Industrial Sewing Machines (Non-Automatic) in Luxembourg

In value terms, industrial sewing machines (non-automatic) production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2020 with an increase of X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Exports of Industrial Sewing Machines (Non-Automatic)

Exports from Luxembourg

In 2022, overseas shipments of industrial sewing machines (non-automatic) decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. In general, exports showed a deep setback. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, the exports reached the peak of X units, and then dropped remarkably in the following year.

In value terms, industrial sewing machines (non-automatic) exports fell significantly to $X in 2022. Over the period under review, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2020 with an increase of X%. The exports peaked at $X in 2021, and then fell remarkably in the following year.

Exports by Country

Belgium (X units) was the main destination for industrial sewing machines (non-automatic) exports from Luxembourg, with a X% share of total exports. Moreover, industrial sewing machines (non-automatic) exports to Belgium exceeded the volume sent to the second major destination, the UK (X units), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Belgium amounted to X%.

In value terms, the UK ($X) and Belgium ($X) were the largest markets for industrial sewing machines (non-automatic) exported from Luxembourg worldwide.

In terms of the main countries of destination, the UK, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2022, the average industrial sewing machines (non-automatic) export price amounted to $X per unit, shrinking by X% against the previous year. Over the period under review, the export price saw a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when the average export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Belgium amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (X%).

Imports of Industrial Sewing Machines (Non-Automatic)

Imports into Luxembourg

In 2022, purchases abroad of industrial sewing machines (non-automatic) increased by X% to X units, rising for the second consecutive year after four years of decline. In general, imports, however, recorded a abrupt curtailment. The growth pace was the most rapid in 2013 with an increase of X%. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, industrial sewing machines (non-automatic) imports dropped significantly to $X in 2022. Overall, imports, however, recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2016 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Belgium (X units) constituted the largest supplier of industrial sewing machines (non-automatic) to Luxembourg, with a X% share of total imports. Moreover, industrial sewing machines (non-automatic) imports from Belgium exceeded the figures recorded by the second-largest supplier, Germany (X units), tenfold. The third position in this ranking was taken by the United States (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Belgium amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and the United States (X% per year).

In value terms, the largest industrial sewing machines (non-automatic) suppliers to Luxembourg were Belgium ($X), Germany ($X) and France ($X), together comprising X% of total imports. The United States and Vietnam lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, the United States, with a CAGR of X%, 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

The average industrial sewing machines (non-automatic) import price stood at $X per unit in 2022, falling by X% against the previous year. In general, the import price saw a abrupt downturn. The pace of growth appeared the most rapid in 2016 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2022, 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

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