Trade Trends
The global export market for household sewing machines declined from $997.28M in 2019 to $877.29M in 2023, reflecting an overall decrease of 12.03% across the five-year period. Export values peaked in 2021 at $1.40B before contracting in the following years.
This downward trend reflects shifting consumer behavior, reduced long-term demand for household sewing equipment, and disruptions in global supply chains. Pandemic-driven lockdowns temporarily boosted home-based activities in 2020 and 2021, leading to a short-term surge. As markets normalized, demand softened. Despite the overall decline, select exporting countries demonstrated resilience and growth, highlighting evolving global production and trade patterns.
Top Trading Countries
- China retained its position as the leading exporter, with exports increasing from $197.91M in 2019 to $261.56M in 2023, marking a 32.16% rise. Growth is expected to continue in 2024, with exports projected at $286.22M, up 9.43% from 2023.
- Vietnam experienced a contraction, with exports declining from $278.85M in 2019 to $201.57M in 2023, reflecting a 27.71% decrease.
- Germany showed resilience despite earlier declines, with exports falling from $84.61M in 2019 to $67.01M in 2023, a 20.81% decrease. A strong recovery is expected in 2024, with exports rebounding to $86.56M, a 29.19% increase from 2023.
- Thailand saw exports decline from $85.72M in 2019 to $72.32M in 2023, a 15.64% drop. Exports are projected to recover in 2024, rising to $83.09M, up 14.9% from 2023.
- Other Asia, NES recorded a notable downturn, with exports falling from $109.97M in 2019 to $77.47M in 2023, a 29.55% decrease. The decline is expected to continue in 2024, with exports projected at $65.77M, down 15.11% from 2023.
- Poland saw exports decrease from $48.73M in 2019 to $40.67M in 2023, a 16.54% drop. A modest recovery is projected in 2024, with exports rising to $43.32M, a 6.52% increase from 2023.
On the Rise
- India demonstrated steady and consistent growth, with exports rising from $13.63M in 2019 to $17.77M in 2023, reflecting a 30.35% increase. Exports are expected to reach $18.66M in 2024, up 5.0% from 2023.
- Belgium emerged as a fast-growing exporter, with exports surging from $210,146.12 in 2019 to $2.12M in 2023, a remarkable 907.33% increase. Growth continues in 2024, with exports projected to reach $2.14M, up 1.12% from 2023.
These rising exporters point to shifting manufacturing strategies and new opportunities within the global household sewing machine trade.
Disclaimer
These insights are based on available trade data and may not represent the full market reality.
