Period 2007-2019
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. Over the period under review, consumption, however, continues to indicate a perceptible downturn. The pace of growth appeared the most rapid in 2013 when the market value increased by % year-to-year. Over the period under review, the market hit record highs at $ in 2008; however, from 2009 to 2019, consumption remained at a lower figure.
% to $ in 2019. Over the period under review, consumption, however, continues to indicate a perceptible downturn. The pace of growth appeared the most rapid in 2013 when the market value increased by % year-to-year. Over the period under review, the market hit record highs at $ in 2008; however, from 2009 to 2019, consumption remained at a lower figure.Consumption
In 2019, approx. units of household sewing machines were consumed in the Czech Republic; increasing by % against 2018. Overall, consumption, however, recorded a perceptible shrinkage. Household sewing machine consumption peaked at units in 2008; however, from 2009 to 2019, consumption stood at a somewhat lower figure.
The size of the household sewing machine market in the Czech Republic reduced to $ in 2019, waning by -% 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). Over the period under review, consumption, however, showed a noticeable decline. The most prominent rate of growth was recorded in 2013 when the market value increased by % y-o-y. Over the period under review, the market hit record highs at $ in 2008; however, from 2009 to 2019, consumption stood at a somewhat lower figure.
units of household sewing machines were consumed in the Czech Republic; increasing by % against 2018. Overall, consumption, however, recorded a perceptible shrinkage. Household sewing machine consumption peaked at units in 2008; however, from 2009 to 2019, consumption stood at a somewhat lower figure.The size of the household sewing machine market in the Czech Republic reduced to $
in 2019, waning by -% 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). Over the period under review, consumption, however, showed a noticeable decline. The most prominent rate of growth was recorded in 2013 when the market value increased by % y-o-y. Over the period under review, the market hit record highs 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 %).
% to %).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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