U.S. - Sewing Machine Needles - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSewing Machine Needle Price in the United States - 2023
Contents:
- Sewing Machine Needle Price in the United States (CIF) - 2022
- Sewing Machine Needle Price in the United States (FOB) - 2023
- Sewing Machine Needle Imports in the United States
- Sewing Machine Needle Exports in the United States
Sewing Machine Needle Price in the United States (CIF) - 2022
The average sewing machine needle import price stood at $88 per thousand units in 2022, jumping by 78% against the previous year. Overall, the import price posted prominent growth. The most prominent rate of growth was recorded in 2021 an increase of 270%. The import price peaked in 2022 and is expected to retain growth in years to come.
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 ($232 per thousand units), while the price for Brazil ($15 per thousand units) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+32.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Sewing Machine Needle Price in the United States (FOB) - 2023
The average sewing machine needle export price stood at $275 per thousand units in September 2023, jumping by 42% against the previous month. Overall, the export price posted a measured expansion. The pace of growth appeared the most rapid in December 2022 when the average export price increased by 81% m-o-m. As a result, the export price reached the peak level of $0.4 per unit. From January 2023 to September 2023, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Brazil ($357 per thousand units), while the average price for exports to Canada ($104 per thousand units) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+7.5%), while the prices for the other major destinations experienced more modest paces of growth.
Sewing Machine Needle Imports in the United States
In 2022, purchases abroad of sewing machine needles decreased by -58.5% to 146M units, falling for the second consecutive year after two years of growth. Overall, imports continue to indicate a significant contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 14%. As a result, imports reached the peak of 1.1B units. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, sewing machine needle imports contracted rapidly to $13M in 2022. In general, imports recorded a perceptible decline. The pace of growth was the most pronounced in 2021 when imports increased by 19%. As a result, imports attained the peak of $17M, and then shrank remarkably in the following year.
Import of Sewing Machine Needle in the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 7.9 | 8.2 | 8.3 | 4.9 | -14.7% |
Vietnam | 1.9 | 2.2 | 2.9 | 2.5 | 9.6% |
Czech Republic | 1.3 | 0.9 | 2.2 | 2.2 | 19.2% |
Germany | 0.6 | 0.4 | 0.4 | 1.2 | 26.0% |
Brazil | 1.2 | 2.2 | 2.8 | 1.0 | -5.9% |
Japan | 0.3 | 0.3 | 0.3 | 0.4 | 10.1% |
Others | 0.7 | 0.5 | 0.7 | 0.8 | 4.6% |
Total | 13.8 | 14.7 | 17.5 | 12.9 | -2.2% |
Top Suppliers of Sewing Machine Needle to the United States in 2022:
- Brazil (69.2M units)
- India (24.8M units)
- Vietnam (18.2M units)
- Czech Republic (15.9M units)
- Germany (8.9M units)
- Japan (1.8M units)
Sewing Machine Needle Exports in the United States
In 2022, exports of sewing machine needles from the United States rose significantly to 422M units, increasing by 12% compared with the previous year's figure. The total export volume increased at an average annual rate of +1.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 24%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, sewing machine needle exports reached $5.4M in 2022. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 21% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.
Export of Sewing Machine Needle in the United States (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Canada | 981 | 1,465 | 900 | 1,245 | 8.3% |
Mexico | 1,283 | 490 | 944 | 1,022 | -7.3% |
El Salvador | 371 | 219 | 309 | 600 | 17.4% |
Brazil | 948 | 337 | 571 | 446 | -22.2% |
Ecuador | 75.6 | 63.1 | 120 | 424 | 77.7% |
Honduras | 399 | 147 | 1,396 | 280 | -11.1% |
Peru | 107 | 87.9 | 83.4 | 214 | 26.0% |
Germany | 24.0 | N/A | 9.8 | 168 | 91.3% |
Guatemala | 79.4 | 131 | 137 | 145 | 22.2% |
Dominican Republic | 246 | 66.1 | 34.4 | 104 | -24.9% |
Singapore | N/A | 38.3 | N/A | 101 | 62.4% |
Nicaragua | 348 | 327 | 297 | 92.8 | -35.6% |
Saudi Arabia | 7.3 | N/A | N/A | 77.1 | 119.4% |
Others | 382 | 918 | 404 | 436 | 4.5% |
Total | 5,251 | 4,290 | 5,206 | 5,357 | 0.7% |
Top Export Markets for Sewing Machine Needle from the United States in 2022:
- Canada (122.5M units)
- El Salvador (55.7M units)
- Mexico (52.6M units)
- Brazil (36.5M units)
- Ecuador (31.7M units)
- Peru (19.0M units)
- Saudi Arabia (16.2M units)
- Singapore (15.5M units)
- Honduras (12.4M units)
- Germany (9.4M units)
- Dominican Republic (9.1M units)
- Guatemala (8.0M units)
- Nicaragua (5.3M units)
This report provides an in-depth analysis of the sewing machine needle market in the U.S.. 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 States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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
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In value terms, household sewing machine imports rose markedly to $11M in March 2023.
From 2022 to 2023, the growth of imports for Sewing Machine Furniture remained at a lower figure. In value terms, sewing machine furniture imports contracted rapidly to $68M 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.
In value terms, household sewing machine imports rose markedly to $11M in March 2023.
From 2022 to 2023, the growth of imports for Sewing Machine Furniture remained at a lower figure. In value terms, sewing machine furniture imports contracted rapidly to $68M 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...