Portugal: Sewing Machine Needle Market 2024

Sewing Machine Needle Market Size in Portugal

After two years of growth, the Portuguese sewing machine needle market decreased by X% to $X in 2022. In general, consumption, however, continues to indicate a measured expansion. Sewing machine needle consumption peaked at $X in 2021, and then contracted markedly in the following year.

Sewing Machine Needle Production in Portugal

In value terms, sewing machine needle production fell modestly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Sewing Machine Needle Exports

Exports from Portugal

In 2022, sewing machine needle exports from Portugal soared to X units, increasing by X% on the previous year. Over the period under review, exports, however, recorded a pronounced downturn. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, sewing machine needle exports surged to $X in 2022. Overall, exports, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Morocco (X units) was the main destination for sewing machine needle exports from Portugal, accounting for a X% share of total exports. Moreover, sewing machine needle exports to Morocco exceeded the volume sent to the second major destination, Angola (X units), fourfold. Turkey (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 Morocco amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (X% per year) and Turkey (X% per year).

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

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

Export Prices by Country

In 2022, the average sewing machine needle export price amounted to $X per thousand units, reducing by X% against the previous year. In general, the export price saw a deep reduction. The pace of growth was the most pronounced in 2017 an increase of X%. As a result, the export price reached the peak level of $X per thousand units. From 2018 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Angola ($X per thousand units), while the average price for exports to Turkey ($X per thousand units) 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 a decline.

Sewing Machine Needle Imports

Imports into Portugal

Sewing machine needle imports into Portugal contracted markedly to X units in 2022, shrinking by X% against 2021. Over the period under review, imports, however, posted resilient growth. The growth pace was the most rapid in 2020 when imports increased by X%. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, sewing machine needle imports shrank notably to $X in 2022. Overall, imports, however, continue to indicate a moderate expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then dropped significantly in the following year.

Imports by Country

Germany (X units), the Czech Republic (X units) and Italy (X units) were the main suppliers of sewing machine needle imports to Portugal, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of sewing machine needles to Portugal, comprising X% of total imports. The second position in the ranking was held by the Czech Republic ($X), with a X% share of total imports. It was followed by Hungary, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (X% per year) and Hungary (X% per year).

Import Prices by Country

In 2022, the average sewing machine needle import price amounted to $X per thousand units, which is down by X% against the previous year. Over the period under review, the import price showed a abrupt decrease. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per thousand units in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per thousand units), while the price for the Czech Republic ($X per thousand units) 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 prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :