United Kingdom - Sewing Machine Needles - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSewing Machine Needle Price in the UK - 2023
Contents:
- Sewing Machine Needle Price in the UK (CIF) - 2022
- Sewing Machine Needle Price in the UK (FOB) - 2022
- Sewing Machine Needle Imports in the UK
- Sewing Machine Needle Exports in the UK
Sewing Machine Needle Price in the UK (CIF) - 2022
In 2022, the average sewing machine needle import price amounted to $2.9 per thousand units, waning by -10.4% against the previous year. Over the period under review, the import price saw a perceptible curtailment. The most prominent rate of growth was recorded in 2013 when the average import price increased by 80%. The import price peaked at $9.3 per thousand units in 2016; however, from 2017 to 2022, 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 the United States ($8.1 per thousand units), while the price for Belgium ($1.3 per thousand units) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Sewing Machine Needle Price in the UK (FOB) - 2022
The average sewing machine needle export price stood at $5.2 per thousand units in 2022, picking up by 271% against the previous year. Overall, the export price, however, saw a abrupt contraction. The pace of growth was the most pronounced in 2020 an increase of 828% against the previous year. The export price peaked at $15 per thousand units 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 export markets. In 2022, amid the top suppliers, the country with the highest price was Hungary ($8.1 per thousand units), while the average price for exports to Bosnia and Herzegovina ($0.1 per thousand units) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bosnia and Herzegovina (+27.8%), while the prices for the other major destinations experienced a decline.
Sewing Machine Needle Imports in the UK
In 2022, the amount of sewing machine needles imported into the UK skyrocketed to 405M units, rising by 86% against the previous year. In general, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, sewing machine needle imports soared to $1.2M in 2022. Overall, imports posted a remarkable increase. The pace of growth was the most pronounced in 2020 when imports increased by 80% against the previous year. As a result, imports attained the peak of $1.2M; afterwards, it flattened through to 2022.
Import of Sewing Machine Needle in the UK (Thousand USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 246 | 438 | 77.0 | 392 | 16.8% |
India | 81.4 | 58.4 | 86.2 | 211 | 37.4% |
Vietnam | 30.7 | 125 | 120 | 190 | 83.6% |
United States | N/A | 6.3 | 40.0 | 133 | 359.5% |
China | 22.4 | 87.3 | 97.5 | 96.2 | 62.5% |
Belgium | 1.1 | N/A | N/A | 32.1 | 207.9% |
Turkey | N/A | 7.3 | N/A | 19.5 | 63.4% |
France | 169 | 388 | 217 | 9.2 | -62.1% |
Others | 129 | 115 | 60.4 | 81.3 | -14.3% |
Total | 680 | 1,225 | 698 | 1,164 | 19.6% |
Top Suppliers of Sewing Machine Needle to the UK in 2022:
- Germany (122.7M units)
- India (101.9M units)
- Vietnam (62.8M units)
- China (57.8M units)
- Belgium (23.9M units)
- United States (16.3M units)
- Turkey (7.8M units)
- France (1.2M units)
Sewing Machine Needle Exports in the UK
In 2022, exports of sewing machine needles from the UK expanded significantly to 192M units, surging by 11% on the previous year's figure. Overall, exports, however, faced a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 315% against the previous year. Over the period under review, the exports attained the maximum at 299M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, sewing machine needle exports surged to $993K in 2022. In general, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Sewing Machine Needle in the UK (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 13.8 | 31.8 | 50.7 | 710 | 271.9% |
Germany | 0.9 | 1.5 | 5.8 | 86.6 | 358.2% |
Hungary | N/A | N/A | 55.5 | 26.1 | -53.0% |
France | 1.9 | 5.6 | 21.8 | 23.0 | 129.6% |
Bosnia and Herzegovina | N/A | N/A | N/A | 4.8 | 0% |
Ireland | 5.1 | 15.2 | 12.6 | 2.6 | -20.1% |
Mozambique | 5.6 | N/A | N/A | N/A | 0% |
Belarus | N/A | N/A | 13.7 | N/A | 0% |
Others | 92.7 | 101 | 82.0 | 139 | 14.5% |
Total | 120 | 155 | 242 | 993 | 102.3% |
Top Export Markets for Sewing Machine Needle from the UK in 2022:
- United States (93.8M units)
- Bosnia and Herzegovina (42.2M units)
- Germany (38.6M units)
- Ireland (3.8M units)
- France (3.2M units)
- Hungary (3.2M units)
This report provides an in-depth analysis of the sewing machine needle market in the UK. 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 28945230 - Sewing machine needles
Country coverage:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- 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 needle market in the UK.
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This report provides an in-depth analysis of the global sewing machine needle market.
This report provides an in-depth analysis of the global household sewing machine market.
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Imports of Sewing Machine Needle peaked at 313M units in 2020, but decreased in the following years. In 2023, imports dropped to $708K in value.
In September 2022, the number of imports for Household Sewing Machines reached its highest point at 99,000 units. However, from October 2022 to September 2023, imports did not recover their momentum. In terms of value, the imports for Household Sewing Machines surged to $1.9 million in September 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.
Imports of Sewing Machine Needle peaked at 313M units in 2020, but decreased in the following years. In 2023, imports dropped to $708K in value.
In September 2022, the number of imports for Household Sewing Machines reached its highest point at 99,000 units. However, from October 2022 to September 2023, imports did not recover their momentum. In terms of value, the imports for Household Sewing Machines surged to $1.9 million in September 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...