Portugal: Household Sewing Machine Market 2024

Household Sewing Machine Market Size in Portugal

In 2022, the Portuguese household sewing machine market decreased by X% to $X, falling for the second year in a row after two years of growth. Overall, consumption recorded a deep downturn. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Household Sewing Machine Exports

Exports from Portugal

In 2022, overseas shipments of household sewing machines increased by X% to X units, rising for the second year in a row after three years of decline. Over the period under review, exports, however, showed a noticeable contraction. The pace of growth was the most pronounced in 2014 when exports increased by X%. Over the period under review, the exports reached the maximum at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, household sewing machine exports skyrocketed to $X in 2022. Overall, exports, however, recorded a pronounced downturn. The growth pace was the most rapid in 2014 with an increase of X%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Angola (X units) was the main destination for household sewing machine exports from Portugal, with a X% share of total exports. Moreover, household sewing machine exports to Angola exceeded the volume sent to the second major destination, Cabo Verde (X units), twofold. Tunisia (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Angola totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cabo Verde (X% per year) and Tunisia (X% per year).

In value terms, Angola ($X) emerged as the key foreign market for household sewing machines exports from Portugal, comprising X% of total exports. The second position in the ranking was held by Cabo Verde ($X), with a X% share of total exports. It was followed by Tunisia, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Angola totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cabo Verde (X% per year) and Tunisia (X% per year).

Export Prices by Country

In 2022, the average household sewing machine export price amounted to $X per unit, rising by X% against the previous year. In general, the export price saw slight growth. The pace of growth appeared the most rapid in 2016 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Angola ($X per unit), while the average price for exports to Democratic Republic of the Congo ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (X%), while the prices for the other major destinations experienced mixed trend patterns.

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Household Sewing Machine Imports

Imports into Portugal

For the third year in a row, Portugal recorded decline in supplies from abroad of household sewing machines, which decreased by X% to X units in 2022. In general, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, imports reached the peak of X units. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, household sewing machine imports dropped sharply to $X in 2022. Over the period under review, imports showed a noticeable decrease. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2021, and then fell notably in the following year.

Imports by Country

Spain (X units), Germany (X units) and China (X units) were the main suppliers of household sewing machine imports to Portugal, together accounting for X% of total imports. Italy and Thailand lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest household sewing machine suppliers to Portugal were Spain ($X), Germany ($X) and Italy ($X), together comprising X% of total imports.

In terms of the main suppliers, Italy, with a CAGR of X%, recorded 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 household sewing machine import price stood at $X per unit in 2022, with an increase of X% against the previous year. Over the period under review, the import price showed strong growth. The pace of growth appeared the most rapid in 2020 when the average import price increased by X%. The import price peaked in 2022 and is likely to see steady growth in years to come.

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

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

Source: IndexBox Platform

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