Switzerland: Household Sewing Machine Market 2024

Household Sewing Machine Market Size in Switzerland

The Swiss household sewing machine market declined dramatically to $X in 2022, waning by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a pronounced contraction. As a result, consumption reached the peak level of $X, and then contracted dramatically in the following year.

Household Sewing Machine Exports

Exports from Switzerland

Household sewing machine exports from Switzerland stood at X units in 2022, with an increase of X% on the year before. In general, exports, however, continue to indicate a perceptible setback. Over the period under review, the exports attained the peak figure at X units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, household sewing machine exports totaled $X in 2022. The total export value increased at an average annual rate of X% from 2020 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

Germany (X units), Russia (X units) and Turkey (X units) were the main destinations of household sewing machine exports from Switzerland, together accounting for X% of total exports. Spain, Hungary, Kazakhstan, the Czech Republic, Belarus, Lithuania, Portugal, Uzbekistan, Denmark and France lagged somewhat behind, together accounting for a further X%.

From 2020 to 2022, the biggest increases were recorded for Lithuania (with a CAGR of X.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for household sewing machine exported from Switzerland were Germany ($X), Russia ($X) and Spain ($X), together comprising X% of total exports. Turkey, Kazakhstan, Denmark, the Czech Republic, Hungary, Portugal, France, Belarus, Lithuania and Uzbekistan lagged somewhat behind, together accounting for a further X%.

Lithuania, with a CAGR of X.4%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average household sewing machine export price amounted to $X per unit, growing by X% against the previous year. Over the last two-year period, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 an increase of X%. The export price peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($X per unit), while the average price for exports to Hungary ($X per unit) was amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Household Sewing Machine Imports

Imports into Switzerland

After three years of growth, purchases abroad of household sewing machines decreased by X% to X units in 2022. Over the period under review, total imports indicated a modest increase from 2012 to 2022: its volume 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, imports decreased by X% against 2015 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of X units, and then declined remarkably in the following year.

In value terms, household sewing machine imports shrank to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then dropped in the following year.

Imports by Country

China (X units), Vietnam (X units) and Thailand (X units) were the main suppliers of household sewing machine imports to Switzerland, with a combined X% share of total imports. Taiwan (Chinese), Germany and Japan lagged somewhat behind, together accounting for a further X%.

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

In value terms, Thailand ($X) constituted the largest supplier of household sewing machines to Switzerland, comprising X% of total imports. The second position in the ranking was held by Vietnam ($X), with a X% share of total imports. It was followed by Taiwan (Chinese), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Thailand stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Taiwan (Chinese) (X% per year).

Import Prices by Country

The average household sewing machine import price stood at $X per unit in 2022, rising by X% against the previous year. Over the period under review, the import price, however, saw a slight contraction. The growth pace was the most rapid in 2018 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 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 Thailand ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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