Hong Kong SAR, China - Household Sewing Machines - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Apr 1, 2024

Hong Kong SAR, China - Household Sewing Machines - Market Analysis, Forecast, Size, Trends and Insights

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Household Sewing Machine Price in Hong Kong SAR - 2023

Contents:

  1. Household Sewing Machine Price in Hong Kong SAR (CIF) - 2022
  2. Household Sewing Machine Price in Hong Kong SAR (FOB) - 2022
  3. Household Sewing Machine Imports in Hong Kong SAR
  4. Household Sewing Machine Exports in Hong Kong SAR

Household Sewing Machine Price in Hong Kong SAR (CIF) - 2022

In 2022, the average household sewing machine import price amounted to $131 per unit, increasing by 31% against the previous year. In general, the import price saw significant growth. The most prominent rate of growth was recorded in 2013 an increase of 75%. Over the period under review, average import prices hit record highs at $146 per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($260 per unit), while the price for Vietnam ($109 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+20.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Household Sewing Machine Price in Hong Kong SAR (FOB) - 2022

The average household sewing machine export price stood at $102 per unit in 2022, jumping by 441% against the previous year. In general, the export price saw a buoyant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($128 per unit), while the average price for exports to the United States ($8.3 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+44.3%), while the prices for the other major destinations experienced a decline.

Household Sewing Machine Imports in Hong Kong SAR

Household sewing machine imports into Hong Kong SAR soared to 9.8K units in 2022, growing by 106% compared with 2021 figures. In general, imports showed a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, household sewing machine imports soared to $1.3M in 2022. Over the period under review, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Household Sewing Machine in Hong Kong SAR (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China99.415419.976797.6%
Vietnam263221236261-0.3%
Taiwan (Chinese)94.613218921130.7%
Thailand18.641.123.633.822.0%
Others19025.87.312.3-59.8%
Total6665734751,28624.5%

Top Suppliers of Household Sewing Machine to Hong Kong SAR in 2022:

  1. China (6.3K units)
  2. Vietnam (2.4K units)
  3. Taiwan (Chinese) (0.8K units)
  4. Thailand (0.3K units)

Household Sewing Machine Exports in Hong Kong SAR

In 2022, shipments abroad of household sewing machines decreased by -43.8% to 6K units, falling for the second year in a row after two years of growth. Over the period under review, exports saw a deep downturn. The pace of growth appeared the most rapid in 2020 with an increase of 58%. As a result, the exports reached the peak of 17K units. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, household sewing machine exports surged to $619K in 2022. In general, exports, however, showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Household Sewing Machine in Hong Kong SAR (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
RussiaN/AN/AN/A5340%
Papua New GuineaN/AN/A22.640.177.4%
China13017.312418.6-47.7%
Macao SAR9.327.63.716.420.8%
United States23.912243.78.0-30.6%
Vietnam59.42.15.3N/A-70.1%
Philippines25.3N/AN/AN/A0%
Gambia3.9N/AN/AN/A0%
Others15.62.94.51.6-53.2%
Total26817220461932.2%

Top Export Markets for Household Sewing Machine from Hong Kong SAR in 2022:

  1. Russia (4.2K units)
  2. United States (1.0K units)
  3. Papua New Guinea (0.3K units)
  4. China (0.3K units)
  5. Macao SAR (0.2K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the household sewing machine 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 28944000 - Domestic sewing machines (excluding furniture, bases and covers)

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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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.

Which Country Imports the Most Household Sewing Machines in the World?
May 28, 2018
Eye 3811

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...

Which Country Exports the Most Household Sewing Machines in the World?
May 28, 2018
Eye 882

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 Production of Household Sewing Machines in China Slightly Decreases
May 4, 2018
Eye 1184

The global household sewing machine market showed steady growth until it contracted slightly from 2015-2016, finally amounting to X units in 2016. 

Sewing Machine Market - Which Country Now Controls Global Sewing Machine Production and Trade?
Jul 19, 2015
Eye 4098

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.

Price of Industrial Automatic Sewing Machines in Hong Kong's Increases by 116% to $2,365 per Unit
Aug 28, 2023
Eye 422

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.

Which Country Imports the Most Household Sewing Machines in the World?
May 28, 2018
Eye 3811

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...

Which Country Exports the Most Household Sewing Machines in the World?
May 28, 2018
Eye 882

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 Production of Household Sewing Machines in China Slightly Decreases
May 4, 2018
Eye 1184

The global household sewing machine market showed steady growth until it contracted slightly from 2015-2016, finally amounting to X units in 2016. 

Sewing Machine Market - Which Country Now Controls Global Sewing Machine Production and Trade?
Jul 19, 2015
Eye 4098

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.

Free Data: Household Sewing Machines - Hong Kong SAR