Thailand: Household Sewing Machine Market 2024

Household Sewing Machine Market Size in Thailand

In 2022, after three years of decline, there was significant growth in the Thai household sewing machine market, when its value increased by X% to $X. Over the period under review, consumption posted pronounced growth. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Household Sewing Machine Production in Thailand

In value terms, household sewing machine production expanded significantly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

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Household Sewing Machine Exports

Exports from Thailand

In 2022, shipments abroad of household sewing machines decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, posted a perceptible expansion. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. The exports peaked at X units in 2021, and then shrank dramatically in the following year.

In value terms, household sewing machine exports dropped markedly to $X in 2022. In general, exports showed a slight reduction. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2021, and then declined remarkably in the following year.

Exports by Country

India (X units), the United States (X units) and China (X units) were the main destinations of household sewing machine exports from Thailand, together comprising X% of total exports. Japan, the United Arab Emirates, Russia, Australia, Latvia, Estonia, the UK, Chile, Poland and Germany 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 Poland (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for household sewing machines exports from Thailand, comprising X% of total exports. The second position in the ranking was taken by India ($X), with an X% share of total exports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and Germany (X% per year).

Export Prices by Country

The average household sewing machine export price stood at $X per unit in 2022, with an increase of X% against the previous year. In general, the export price, however, recorded a deep downturn. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. The export price 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 for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to the United Arab Emirates ($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 Germany (X%), while the prices for the other major destinations experienced a decline.

Household Sewing Machine Imports

Imports into Thailand

In 2022, the amount of household sewing machines imported into Thailand surged to X units, jumping by X% on the year before. Overall, imports enjoyed a notable expansion. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, household sewing machine imports fell to $X in 2022. Over the period under review, imports, however, recorded a perceptible reduction. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Vietnam (X units) constituted the largest household sewing machine supplier to Thailand, with a X% share of total imports. Moreover, household sewing machine imports from Vietnam exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), sixfold. The third position in this ranking was taken by China (X units), with a X% share.

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

In value terms, Vietnam ($X) constituted the largest supplier of household sewing machines to Thailand, comprising X% of total imports. The second position in the ranking was taken by China ($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 growth rate of value from Vietnam amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (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, dropping by X% against the previous year. In general, the import price showed a drastic downturn. The growth pace was the most rapid in 2018 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the average import prices failed to regain momentum.

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 Japan ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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