Hong Kong SAR, China - Furniture, Bases And Covers For Sewing Machines - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSewing Machine Furniture Price in Hong Kong SAR - 2023
Contents:
- Sewing Machine Furniture Price in Hong Kong SAR (FOB) - 2022
- Sewing Machine Furniture Price in Hong Kong SAR (CIF) - 2022
- Sewing Machine Furniture Exports in Hong Kong SAR
- Sewing Machine Furniture Imports in Hong Kong SAR
Sewing Machine Furniture Price in Hong Kong SAR (FOB) - 2022
In 2022, the average sewing machine furniture export price amounted to $40,447 per ton, rising by 22% against the previous year. Over the period under review, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sewing machine furniture export price decreased by -16.1% against 2020 indices. The most prominent rate of growth was recorded in 2020 an increase of 70% against the previous year. As a result, the export price reached the peak level of $48,230 per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($132,731 per ton), while the average price for exports to India ($2,090 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+13.2%), while the prices for the other major destinations experienced more modest paces of growth.
Sewing Machine Furniture Price in Hong Kong SAR (CIF) - 2022
In 2022, the average sewing machine furniture import price amounted to $12,343 per ton, rising by 11% against the previous year. Over the period under review, the import price, however, showed a noticeable decline. The most prominent rate of growth was recorded in 2021 when the average import price increased by 38%. The import price peaked at $19,976 per ton in 2014; however, from 2015 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 Japan ($194,490 per ton), while the price for China ($3,983 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Sewing Machine Furniture Exports in Hong Kong SAR
In 2022, approx. 1.4K tons of furniture, bases and covers for sewing machines were exported from Hong Kong SAR; which is down by -11.9% against 2021. Overall, exports saw a abrupt shrinkage. The growth pace was the most rapid in 2021 with an increase of 51%.
In value terms, sewing machine furniture exports expanded markedly to $57M in 2022. The total export value increased at an average annual rate of +4.6% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Sewing Machine Furniture in Hong Kong SAR (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 23.8 | 27.5 | 23.9 | 28.1 | 5.7% |
Taiwan (Chinese) | 6.3 | 3.5 | 7.4 | 9.6 | 15.1% |
Vietnam | 7.7 | 10.6 | 10.1 | 8.3 | 2.5% |
Thailand | 0.8 | 0.6 | 0.6 | 1.4 | 20.5% |
Bangladesh | 1.1 | 0.7 | 1.5 | 1.3 | 5.7% |
Madagascar | 0.7 | 0.5 | 0.6 | 1.2 | 19.7% |
Japan | 1.8 | 2.4 | 2.4 | 1.1 | -15.1% |
Cambodia | 0.7 | 0.2 | 0.7 | 0.8 | 4.6% |
Indonesia | 0.8 | 0.4 | 0.5 | 0.5 | -14.5% |
India | 0.5 | 0.2 | 0.5 | 0.5 | 0.0% |
Jordan | 0.2 | 0.1 | 0.2 | 0.4 | 26.0% |
United Kingdom | N/A | N/A | N/A | 0.2 | 0% |
Philippines | 1.2 | 0.2 | 0.1 | 0.1 | -56.3% |
Others | 4.7 | 4.5 | 4.7 | 3.9 | -6.0% |
Total | 50.3 | 51.5 | 53.3 | 57.5 | 4.6% |
Top Export Markets for Sewing Machine Furniture from Hong Kong SAR in 2022:
- China (582.0 tons)
- India (234.4 tons)
- Bangladesh (192.4 tons)
- Taiwan (Chinese) (98.2 tons)
- Vietnam (62.8 tons)
- Cambodia (50.3 tons)
- Madagascar (26.1 tons)
- Jordan (25.9 tons)
- Thailand (24.6 tons)
- United Kingdom (21.8 tons)
- Japan (15.0 tons)
- Indonesia (7.5 tons)
- Philippines (5.2 tons)
Sewing Machine Furniture Imports in Hong Kong SAR
In 2022, overseas purchases of furniture, bases and covers for sewing machines decreased by -39.1% to 1.2K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports recorded a deep reduction. The pace of growth was the most pronounced in 2020 when imports increased by 45%. As a result, imports attained the peak of 2.2K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, sewing machine furniture imports fell dramatically to $15M in 2022. Overall, imports saw a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 23% against the previous year. As a result, imports attained the peak of $22M, and then fell markedly in the following year.
Import of Sewing Machine Furniture in Hong Kong SAR (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 7.7 | 5.4 | 9.8 | 6.3 | -6.5% |
China | 7.4 | 10.3 | 7.4 | 4.3 | -16.6% |
Singapore | 0.7 | 0.2 | 0.5 | 1.3 | 22.9% |
Taiwan (Chinese) | 1.1 | 0.5 | 1.5 | 1.1 | 0.0% |
Vietnam | 0.7 | 0.1 | 0.9 | 0.2 | -34.1% |
Others | 1.5 | 1.1 | 1.5 | 1.5 | 0.0% |
Total | 19.1 | 17.7 | 21.7 | 14.7 | -8.4% |
Top Suppliers of Sewing Machine Furniture to Hong Kong SAR in 2022:
- China (1078.6 tons)
- Japan (32.5 tons)
- Taiwan (Chinese) (26.9 tons)
- Singapore (20.7 tons)
- Vietnam (13.3 tons)
This report provides an in-depth analysis of the sewing machine furniture 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 28945260 - Furniture, bases and covers for sewing machines and parts thereof, other parts of sewing machines
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 sewing machine furniture market in Hong Kong SAR, China.
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 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 sewing machine furniture market.
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 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...