South-Eastern Asia: Household Sewing Machine Market 2024

Household Sewing Machine Market Size in South-Eastern Asia

In 2022, after three years of decline, there was significant growth in the Southeast Asian household sewing machine market, when its value increased by X% to $X. In general, consumption continues to indicate a noticeable descent. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Household Sewing Machine Production in South-Eastern Asia

In value terms, household sewing machine production stood at $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a prominent increase. The growth pace was the most rapid in 2016 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

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Household Sewing Machine Exports

Exports in South-Eastern Asia

In 2022, after ten years of growth, there was significant decline in shipments abroad of household sewing machines, when their volume decreased by X% to X units. Over the period under review, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units, and then contracted remarkably in the following year.

In value terms, household sewing machine exports contracted sharply to $X in 2022. In general, exports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Vietnam was the largest exporter of household sewing machines in South-Eastern Asia, with the volume of exports finishing at X units, which was approx. X% of total exports in 2022. It was distantly followed by Thailand (X units), comprising a X% share of total exports.

Vietnam was also the fastest-growing in terms of the household sewing machines exports, with a CAGR of X% from 2012 to 2022. At the same time, Thailand (X%) displayed positive paces of growth. While the share of Vietnam (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Thailand (X p.p.) displayed negative dynamics.

In value terms, Vietnam ($X) remains the largest household sewing machine supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Thailand ($X), with a X% share of total exports.

In Vietnam, household sewing machine exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2022, shrinking by X% against the previous year. In general, the export price continues to indicate a abrupt decrease. The growth pace was the most rapid in 2020 an increase of X% against the previous year. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per unit), while Vietnam amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%).

Household Sewing Machine Imports

Imports in South-Eastern Asia

In 2022, approx. X units of household sewing machines were imported in South-Eastern Asia; with a decrease of X% on 2021 figures. Overall, imports, however, enjoyed notable growth. The pace of growth appeared the most rapid in 2015 with an increase of X%. As a result, imports reached the peak of X units. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, household sewing machine imports declined dramatically to $X in 2022. In general, imports saw a abrupt contraction. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Myanmar (X units) and Malaysia (X units) were the largest importers of household sewing machines in 2022, accounting for approx. X% and X% of total imports, respectively. Thailand (X units) took the next position in the ranking, followed by Indonesia (X units), Singapore (X units) and the Philippines (X units). All these countries together took near X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Myanmar (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 South-Eastern Asia were Indonesia ($X), Malaysia ($X) and Thailand ($X), with a combined X% share of total imports. Singapore, Myanmar and the Philippines lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, the Philippines, 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 a decline in the imports figures.

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per unit, standing approx. at the previous year. Overall, the import price recorded a abrupt downturn. The pace of growth appeared the most rapid in 2016 an increase of X%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Indonesia ($X per unit), while Myanmar ($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 Philippines (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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