Household Sewing Machine Market Overview in the Czech Republic
Market Overview
After two years of growth, the Czech household sewing machine market decreased by -
% to $ in 2019. In general, consumption recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of % year-to-year. Household sewing machine consumption peaked at $ in 2008; however, from 2009 to 2019, consumption failed to regain the momentum.
In value terms, household sewing machine production contracted to $ in 2019 estimated in export prices. In general, production continues to indicate a abrupt downturn. The growth pace was the most rapid in 2014 with an increase of % y-o-y. Over the period under review, production hit record highs at $ in 2007; however, from 2008 to 2019, production failed to regain the momentum.
% to $ in 2019. In general, consumption recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of % year-to-year. Household sewing machine consumption peaked at $ in 2008; however, from 2009 to 2019, consumption failed to regain the momentum.In value terms, household sewing machine production contracted to $
in 2019 estimated in export prices. In general, production continues to indicate a abrupt downturn. The growth pace was the most rapid in 2014 with an increase of % y-o-y. Over the period under review, production hit record highs at $ in 2007; however, from 2008 to 2019, production failed to regain the momentum.Consumption
In 2019, consumption of household sewing machines decreased by -% to units, falling for the second consecutive year after two years of growth. Overall, consumption recorded a noticeable curtailment. The pace of growth was the most pronounced in 2017 with an increase of % against the previous year. Over the period under review, consumption attained the peak volume at units in 2007; however, from 2008 to 2019, consumption stood at a somewhat lower figure.
The size of the household sewing machine market in the Czech Republic declined to $ in 2019, with a decrease of -% 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). In general, consumption showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of % against the previous year. Over the period under review, the market attained the maximum level at $ in 2008; however, from 2009 to 2019, consumption stood at a somewhat lower figure.
% to units, falling for the second consecutive year after two years of growth. Overall, consumption recorded a noticeable curtailment. The pace of growth was the most pronounced in 2017 with an increase of % against the previous year. Over the period under review, consumption attained the peak volume at units in 2007; however, from 2008 to 2019, consumption stood at a somewhat lower figure.The size of the household sewing machine market in the Czech Republic declined to $
in 2019, with a decrease of -% 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). In general, consumption showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of % against the previous year. Over the period under review, the market attained the maximum level at $ in 2008; however, from 2009 to 2019, consumption stood at a somewhat lower figure.Market Forecast
Depressed by shrinking demand for household sewing machine in the Czech Republic, the market is expected to continue its downward consumption trend over the next decade. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from 2019 to , which is projected to depress the market volume to units by the end of .
% for the period from 2019 to , which is projected to depress the market volume to units by the end of .Market Structure
Driven by a growing demand, the share of imports in total supply in the Czech Republic increased significantly over the last twelve-year period (from % to %). Total import supply of household sewing machine is expected to rise, though it will be moderately impacted by price increases.
% to %). Total import supply of household sewing machine is expected to rise, though it will be moderately impacted by price increases.Trade Balance
The Czech Republic remains a net importer of household sewing machine; in physical and value terms, imports consistently exceeded exports from 2007 to 2019. In 2019, there was a significant trade deficit of units, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
units, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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