Scandinavia: Household Sewing Machine Market 2024

Household Sewing Machine Market Size in Scandinavia

The Scandinavia household sewing machine market contracted sharply to $X in 2023, which is down by X% against the previous year. Over the period under review, consumption recorded a abrupt descent. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2023, consumption stood at a somewhat lower figure.

Household Sewing Machine Production in Scandinavia

In value terms, household sewing machine production shrank to $X in 2023 estimated in export price. Over the period under review, production recorded a deep reduction. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2018 to 2023, production growth remained at a somewhat lower figure.

Household Sewing Machine Exports

Exports in Scandinavia

In 2023, overseas shipments of household sewing machines decreased by X% to X units, falling for the second consecutive year after four years of growth. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The volume of export peaked at X units in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, household sewing machine exports fell slightly to $X in 2023. Total exports indicated a mild expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2021 indices. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

In 2023, Sweden (X units) represented the largest exporter of household sewing machines, making up X% of total exports. Norway (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Finland (X%).

Sweden experienced a relatively flat trend pattern with regard to volume of exports of household sewing machines. At the same time, Finland (X%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of X% from 2012-2023. Norway experienced a relatively flat trend pattern. Finland (X p.p.) significantly strengthened its position in terms of the total exports, while Sweden saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) remains the largest household sewing machine supplier in Scandinavia, comprising X% of total exports. The second position in the ranking was held by Norway ($X), with a X% share of total exports.

In Sweden, household sewing machine exports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Norway (X% per year) and Finland (X% per year).

Export Prices by Country

In 2023, the export price in Scandinavia amounted to $X per unit, with an increase of X% against the previous year. Export price indicated a slight expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, household sewing machine export price decreased by X% against 2017 indices. The most prominent rate of growth was recorded in 2016 when the export price increased by X%. The level of export peaked at $X per unit in 2017; however, from 2018 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Norway ($X per unit), while Finland ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Sweden (X%), while the other leaders experienced a decline in the export price figures.

Household Sewing Machine Imports

Imports in Scandinavia

In 2023, supplies from abroad of household sewing machines decreased by X% to X units, falling for the second consecutive year after two years of growth. In general, imports recorded a deep slump. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, household sewing machine imports contracted rapidly to $X in 2023. Over the period under review, imports showed a drastic downturn. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The level of import peaked at $X in 2013; however, from 2014 to 2023, imports remained at a lower figure.

Imports by Country

Sweden (X units) and Norway (X units) were the key importers of household sewing machines in 2023, accounting for near X% and X% of total imports, respectively. It was distantly followed by Finland (X units), making up a X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Norway (with a CAGR of X%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, Norway ($X), Sweden ($X) and Finland ($X) were the countries with the highest levels of imports in 2023.

Norway, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2023, the import price in Scandinavia amounted to $X per unit, surging by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of import peaked at $X per unit in 2015; however, from 2016 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Norway ($X per unit), while Finland ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Norway (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform