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Finland - Household Sewing Machines - Market Analysis, Forecast, Size, Trends and Insights
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View PricingHousehold Sewing Machine Price in Finland - 2023
Contents:
- Household Sewing Machine Price in Finland (CIF) - 2023
- Household Sewing Machine Price in Finland (FOB) - 2022
- Household Sewing Machine Imports in Finland
- Household Sewing Machine Exports in Finland
Household Sewing Machine Price in Finland (CIF) - 2023
In August 2023, the average household sewing machine import price amounted to $245 per unit, surging by 65% against the previous month. Overall, import price indicated moderate growth from August 2022 to August 2023: its price increased at an average monthly rate of +3.2% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, household sewing machine import price increased by +45.6% against May 2023 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Thailand ($804 per unit), while the price for the Netherlands ($119 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Lithuania (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Household Sewing Machine Price in Finland (FOB) - 2022
The average household sewing machine export price stood at $111 per unit in 2022, surging by 3.2% against the previous year. In general, the export price, however, recorded a deep slump. The pace of growth appeared the most rapid in 2020 an increase of 37% against the previous year. Over the period under review, the average export prices reached the maximum at $282 per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Lithuania ($147 per unit), while the average price for exports to Democratic Republic of the Congo ($20 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 Gambia (+5.8%), while the prices for the other major destinations experienced a decline.
Household Sewing Machine Imports in Finland
In 2022, purchases abroad of household sewing machines decreased by -30.7% to 42K units for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, saw a resilient increase. The pace of growth appeared the most rapid in 2020 with an increase of 97% against the previous year. Over the period under review, imports attained the maximum at 61K units in 2021, and then dropped remarkably in the following year.
In value terms, household sewing machine imports declined markedly to $3.3M in 2022. Over the period under review, total imports indicated a pronounced expansion from 2019 to 2022: its value increased at an average annual rate of +4.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 39%. Over the period under review, imports reached the maximum at $4.6M in 2021, and then dropped sharply in the following year.
Import of Household Sewing Machine in Finland (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Poland | 0.9 | 1,357 | 1,837 | 1,085 | 964.3% |
Thailand | 772 | 352 | 788 | 653 | -5.4% |
Vietnam | 1,225 | 414 | 554 | 389 | -31.8% |
Denmark | 3.4 | 433 | 291 | 296 | 343.2% |
Germany | 4.6 | 899 | 250 | 197 | 249.9% |
China | 592 | 225 | 368 | 196 | -30.8% |
Netherlands | N/A | N/A | 93.7 | 122 | 30.2% |
Sweden | N/A | 108 | 61.3 | 98.9 | -4.3% |
Others | 302 | 253 | 308 | 271 | -3.5% |
Total | 2,899 | 4,040 | 4,551 | 3,307 | 4.5% |
Top Suppliers of Household Sewing Machine to Finland in 2022:
- Poland (13.7K units)
- Vietnam (6.8K units)
- China (6.0K units)
- Denmark (4.4K units)
- Germany (2.8K units)
- Netherlands (2.3K units)
- Sweden (2.1K units)
- Thailand (1.7K units)
Household Sewing Machine Exports in Finland
For the fourth consecutive year, Finland recorded growth in shipments abroad of household sewing machines, which increased by 24% to 896 units in 2022. In general, exports saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 118%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, household sewing machine exports surged to $99K in 2022. Overall, exports saw a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 92% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.
Export of Household Sewing Machine in Finland (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Sweden | 2.8 | 18.7 | 54.1 | 41.0 | 144.6% |
Estonia | 9.8 | 11.6 | 13.4 | 25.9 | 38.3% |
Lithuania | N/A | N/A | N/A | 22.8 | 0% |
Russia | 3.3 | 0.1 | 0.1 | 5.0 | 14.9% |
Democratic Republic of the Congo | 0.4 | N/A | N/A | 1.1 | 40.1% |
Nigeria | N/A | N/A | N/A | 0.5 | 0% |
Malawi | 0.4 | N/A | N/A | 0.5 | 7.7% |
Gambia | 2.1 | 1.2 | 0.7 | 0.2 | -54.3% |
Denmark | N/A | N/A | 6.6 | N/A | 0% |
Ghana | 2.3 | N/A | 0.7 | N/A | -44.8% |
Others | 0.8 | 8.7 | 1.7 | 2.2 | 40.1% |
Total | 22.0 | 40.2 | 77.2 | 99.1 | 65.2% |
Top Export Markets for Household Sewing Machine from Finland in 2022:
- Sweden (368.0 units)
- Estonia (213.0 units)
- Lithuania (155.0 units)
- Democratic Republic of the Congo (53.0 units)
- Russia (46.0 units)
- Nigeria (19.0 units)
- Malawi (17.0 units)
- Gambia (3.0 units)
This report provides an in-depth analysis of the household sewing machine market in Finland. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28944000 - Domestic sewing machines (excluding furniture, bases and covers)
Country coverage:
- Finland
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Finland
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In 2016, the global sewing machine imports totaled X tons, ascending by X% against the previous year figure. In general, sewing machine imports continue to indicate a relatively flat trend patter...
In 2016, the global sewing machine imports totaled X tons, ascending by X% against the previous year figure. In general, sewing machine imports continue to indicate a relatively flat trend patter...
The global household sewing machine market showed steady growth until it contracted slightly from 2015-2016, finally amounting to X units in 2016.
China dominates in global household sewing machine production and trade. In 2013, China exported X% of its total output. Of this amount, X% was supplied to the United States, where Chinese household sewing machines held X% share of total U.S.
In 2016, the global sewing machine imports totaled X tons, ascending by X% against the previous year figure. In general, sewing machine imports continue to indicate a relatively flat trend patter...
In 2016, the global sewing machine imports totaled X tons, ascending by X% against the previous year figure. In general, sewing machine imports continue to indicate a relatively flat trend patter...
The global household sewing machine market showed steady growth until it contracted slightly from 2015-2016, finally amounting to X units in 2016.
China dominates in global household sewing machine production and trade. In 2013, China exported X% of its total output. Of this amount, X% was supplied to the United States, where Chinese household sewing machines held X% share of total U.S.