Sweden: Sewing Machine Needle Market 2024

Sewing Machine Needle Market Size in Sweden

In 2022, the Swedish sewing machine needle market increased by X% to $X, rising for the second year in a row after three years of decline. Overall, the total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Sewing Machine Needle Production in Sweden

In value terms, sewing machine needle production rose to $X in 2022 estimated in export price. Overall, production, however, showed a mild curtailment. The growth pace was the most rapid in 2015 when the production volume increased by X% against the previous year. Sewing machine needle production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Sewing Machine Needle Exports

Exports from Sweden

After five years of growth, shipments abroad of sewing machine needles decreased by X% to X units in 2022. In general, exports, however, continue to indicate a moderate expansion. The growth pace was the most rapid in 2020 when exports increased by X%. The exports peaked at X units in 2021, and then contracted significantly in the following year.

In value terms, sewing machine needle exports reduced remarkably to $X in 2022. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Norway (X units), Denmark (X units) and Finland (X units) were the main destinations of sewing machine needle exports from Sweden, with a combined X% share of total exports. The United States and China lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), Denmark ($X) and the United States ($X) appeared to be the largest markets for sewing machine needle exported from Sweden worldwide, with a combined X% share of total exports.

Among the main countries of destination, the United States, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average sewing machine needle export price stood at less than $X per unit in 2022, rising by X% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced contraction. The pace of growth was the most pronounced in 2015 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat 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 the United States ($X per unit), while the average price for exports to China (less than $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 the United States (X%), while the prices for the other major destinations experienced a decline.

Sewing Machine Needle Imports

Imports into Sweden

In 2022, supplies from abroad of sewing machine needles increased by X% to X units, rising for the third consecutive year after two years of decline. Over the period under review, imports showed a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, sewing machine needle imports rose modestly to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Poland (X units), Germany (X units) and Vietnam (X units) were the main suppliers of sewing machine needle imports to Sweden, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of sewing machine needles to Sweden, comprising X% of total imports. The second position in the ranking was held by Denmark ($X), with a X% share of total imports. It was followed by Vietnam, 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: Denmark (X% per year) and Vietnam (X% per year).

Import Prices by Country

The average sewing machine needle import price stood at less than $X per unit in 2022, dropping by X% against the previous year. Overall, the import price saw a abrupt contraction. The pace of growth appeared the most rapid in 2019 when the average import price increased by X%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 India ($X per unit), while the price for Poland (less than $X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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