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

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

For the seventh consecutive year, the Swedish industrial sewing machines (non-automatic) market recorded growth in sales value, which increased by X% to $X in 2022. In general, consumption saw a resilient expansion. Industrial sewing machines (non-automatic) consumption peaked in 2022 and is likely to see steady growth in years to come.

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

In value terms, industrial sewing machines (non-automatic) production totaled $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Exports of Industrial Sewing Machines (Non-Automatic)

Exports from Sweden

In 2022, overseas shipments of industrial sewing machines (non-automatic) increased by X% to X units, rising for the fourth year in a row after two years of decline. Overall, exports enjoyed strong growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, industrial sewing machines (non-automatic) exports contracted rapidly to $X in 2022. In general, exports, however, faced a abrupt decline. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Norway (X units) was the main destination for industrial sewing machines (non-automatic) exports from Sweden, with a X% share of total exports. Moreover, industrial sewing machines (non-automatic) exports to Norway exceeded the volume sent to the second major destination, Denmark (X units), threefold. The third position in this ranking was held by Zambia (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Norway amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (X% per year) and Zambia (X% per year).

In value terms, Norway ($X), Denmark ($X) and China ($X) constituted the largest markets for industrial sewing machines (non-automatic) exported from Sweden worldwide, with a combined X% share of total exports.

Denmark, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average industrial sewing machines (non-automatic) export price stood at $X per unit in 2022, falling by X% against the previous year. In general, the export price faced a sharp contraction. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Zambia ($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 China (X%), while the prices for the other major destinations experienced a decline.

Imports of Industrial Sewing Machines (Non-Automatic)

Imports into Sweden

For the seventh consecutive year, Sweden recorded growth in overseas purchases of industrial sewing machines (non-automatic), which increased by X% to X units in 2022. Overall, imports enjoyed a strong increase. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, industrial sewing machines (non-automatic) imports expanded remarkably to $X in 2022. Over the period under review, imports enjoyed a strong increase. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Poland (X units) constituted the largest industrial sewing machines (non-automatic) supplier to Sweden, with a X% share of total imports. Moreover, industrial sewing machines (non-automatic) imports from Poland exceeded the figures recorded by the second-largest supplier, China (X units), fivefold. Germany (X units) ranked third in terms of total imports with a X% share.

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

In value terms, Germany ($X), Poland ($X) and China ($X) were the largest industrial sewing machines (non-automatic) suppliers to Sweden, together comprising X% of total imports.

Poland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average industrial sewing machines (non-automatic) import price amounted to $X per unit, with an increase of X% against the previous year. Overall, the import price, however, continues to indicate a abrupt downturn. The pace of growth was the most pronounced in 2015 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

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 ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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