U.S.: Household Sewing Machine Market 2024

Household Sewing Machine Market Size in the U.S.

The U.S. household sewing machine market reduced sharply to $X in 2023, shrinking by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a deep reduction. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Household Sewing Machine Exports

Exports from the U.S.

Household sewing machine exports from the United States reduced to X units in 2023, with a decrease of X% on the previous year's figure. Overall, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The exports peaked at X units in 2015; however, from 2016 to 2023, the exports failed to regain momentum.

In value terms, household sewing machine exports reduced to $X in 2023. Over the period under review, exports showed a pronounced reduction. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked at $X in 2015; however, from 2016 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Canada (X units) was the main destination for household sewing machine exports from the United States, accounting for a X% share of total exports. Moreover, household sewing machine exports to Canada exceeded the volume sent to the second major destination, Costa Rica (X units), ninefold. The third position in this ranking was taken by Mexico (X units), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Canada stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (X% per year) and Mexico (X% per year).

In value terms, Canada ($X) remains the key foreign market for household sewing machines exports from the United States, comprising X% of total exports. The second position in the ranking was taken by Mexico ($X), with a X% share of total exports. It was followed by Costa Rica, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Canada was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and Costa Rica (X% per year).

Export Prices by Country

The average household sewing machine export price stood at $X per unit in 2023, rising by X% against the previous year. In general, the export price, however, recorded a pronounced slump. The most prominent rate of growth was recorded in 2022 an increase of X%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Panama ($X per unit), while the average price for exports to Brazil ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Honduras (X%), while the prices for the other major destinations experienced more modest paces of growth.

Household Sewing Machine Imports

Imports into the U.S.

In 2023, purchases abroad of household sewing machines decreased by X% to X units, falling for the second consecutive year after two years of growth. Overall, imports saw a perceptible shrinkage. The growth pace was the most rapid in 2020 with an increase of X%. Imports peaked at X units in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

In value terms, household sewing machine imports fell remarkably to $X in 2023. Over the period under review, imports saw a noticeable descent. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Imports peaked at $X in 2022, and then declined markedly in the following year.

Imports by Country

In 2023, Vietnam (X units) constituted the largest household sewing machine supplier to the United States, with a X% share of total imports. Moreover, household sewing machine imports from Vietnam exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The third position in this ranking was taken by Taiwan (Chinese) (X units), with a X% share.

From 2012 to 2023, the average annual growth rate of volume from Vietnam stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, Vietnam ($X), Taiwan (Chinese) ($X) and Thailand ($X) appeared to be the largest household sewing machine suppliers to the United States, together comprising X% of total imports.

Thailand, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2023, the average household sewing machine import price amounted to $X per unit, growing by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The growth pace was the most rapid in 2015 when the average import price increased by X%. Over the period under review, average import prices attained the maximum in 2023 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Thailand ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform