Hong Kong SAR, China - Household Sewing Machines - Market Analysis, Forecast, Size, Trends and Insights
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View PricingHousehold Sewing Machine Price in Hong Kong SAR - 2023
Contents:
- Household Sewing Machine Price in Hong Kong SAR (CIF) - 2022
- Household Sewing Machine Price in Hong Kong SAR (FOB) - 2022
- Household Sewing Machine Imports in Hong Kong SAR
- Household Sewing Machine Exports in Hong Kong SAR
Household Sewing Machine Price in Hong Kong SAR (CIF) - 2022
In 2022, the average household sewing machine import price amounted to $131 per unit, increasing by 31% against the previous year. In general, the import price saw significant growth. The most prominent rate of growth was recorded in 2013 an increase of 75%. Over the period under review, average import prices hit record highs at $146 per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($260 per unit), while the price for Vietnam ($109 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+20.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Household Sewing Machine Price in Hong Kong SAR (FOB) - 2022
The average household sewing machine export price stood at $102 per unit in 2022, jumping by 441% against the previous year. In general, the export price saw a buoyant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
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 Russia ($128 per unit), while the average price for exports to the United States ($8.3 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 Switzerland (+44.3%), while the prices for the other major destinations experienced a decline.
Household Sewing Machine Imports in Hong Kong SAR
Household sewing machine imports into Hong Kong SAR soared to 9.8K units in 2022, growing by 106% compared with 2021 figures. In general, imports showed a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, household sewing machine imports soared to $1.3M in 2022. Over the period under review, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Household Sewing Machine in Hong Kong SAR (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 99.4 | 154 | 19.9 | 767 | 97.6% |
Vietnam | 263 | 221 | 236 | 261 | -0.3% |
Taiwan (Chinese) | 94.6 | 132 | 189 | 211 | 30.7% |
Thailand | 18.6 | 41.1 | 23.6 | 33.8 | 22.0% |
Others | 190 | 25.8 | 7.3 | 12.3 | -59.8% |
Total | 666 | 573 | 475 | 1,286 | 24.5% |
Top Suppliers of Household Sewing Machine to Hong Kong SAR in 2022:
- China (6.3K units)
- Vietnam (2.4K units)
- Taiwan (Chinese) (0.8K units)
- Thailand (0.3K units)
Household Sewing Machine Exports in Hong Kong SAR
In 2022, shipments abroad of household sewing machines decreased by -43.8% to 6K units, falling for the second year in a row after two years of growth. Over the period under review, exports saw a deep downturn. The pace of growth appeared the most rapid in 2020 with an increase of 58%. As a result, the exports reached the peak of 17K units. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, household sewing machine exports surged to $619K in 2022. In general, exports, however, showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Household Sewing Machine in Hong Kong SAR (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Russia | N/A | N/A | N/A | 534 | 0% |
Papua New Guinea | N/A | N/A | 22.6 | 40.1 | 77.4% |
China | 130 | 17.3 | 124 | 18.6 | -47.7% |
Macao SAR | 9.3 | 27.6 | 3.7 | 16.4 | 20.8% |
United States | 23.9 | 122 | 43.7 | 8.0 | -30.6% |
Vietnam | 59.4 | 2.1 | 5.3 | N/A | -70.1% |
Philippines | 25.3 | N/A | N/A | N/A | 0% |
Gambia | 3.9 | N/A | N/A | N/A | 0% |
Others | 15.6 | 2.9 | 4.5 | 1.6 | -53.2% |
Total | 268 | 172 | 204 | 619 | 32.2% |
Top Export Markets for Household Sewing Machine from Hong Kong SAR in 2022:
- Russia (4.2K units)
- United States (1.0K units)
- Papua New Guinea (0.3K units)
- China (0.3K units)
- Macao SAR (0.2K units)
This report provides an in-depth analysis of the household sewing machine market in Hong Kong SAR, China. 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:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- 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
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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
This report provides an in-depth analysis of the household sewing machine market in Hong Kong SAR, China.
This report provides an in-depth analysis of the market for industrial sewing machines (non-automatic) in Hong Kong SAR, China.
This report provides an in-depth analysis of the sewing machine furniture market in Hong Kong SAR, China.
This report provides an in-depth analysis of the market for industrial automatic sewing machine in Hong Kong SAR, China.
This report provides an in-depth analysis of the industrial sewing machine market in Hong Kong SAR, China.
This report provides an in-depth analysis of the sewing machine needle market in Hong Kong SAR, China.
This report provides an in-depth analysis of the global household sewing machine market.
This report provides an in-depth analysis of the global market for industrial sewing machines (non-automatic).
This report provides an in-depth analysis of the global sewing machine furniture market.
This report provides an in-depth analysis of the global market for industrial automatic sewing machine.
The price of the Industrial Automatic Sewing Machine in May 2023 was $2,365 per unit (CIF, Hong Kong), showing a growth of 116% compared to the previous month.
Imports of Sewing Machine Needle reached a peak of 3.7B units in 2014, but failed to regain momentum from 2015 to 2023. In terms of value, imports rapidly declined to $13M in 2023.
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.
The price of the Industrial Automatic Sewing Machine in May 2023 was $2,365 per unit (CIF, Hong Kong), showing a growth of 116% compared to the previous month.
Imports of Sewing Machine Needle reached a peak of 3.7B units in 2014, but failed to regain momentum from 2015 to 2023. In terms of value, imports rapidly declined to $13M in 2023.
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...