Household Sewing Machine Market Overview in the Czech Republic
Market Overview
In 2019, the Czech household sewing machine market decreased by -
% to $ for the first time since 2015, thus ending a three-year rising trend. Over the period under review, consumption recorded a significant increase. The most prominent rate of growth was recorded in 2008 with an increase of % y-o-y. Household sewing machine consumption peaked at $ in 2018, and then reduced slightly in the following year.
In value terms, household sewing machine production amounted to $ in 2019 estimated in export prices. Overall, production continues to indicate a precipitous descent. The pace of growth was the most pronounced in 2011 when the production volume increased by % year-to-year. Household sewing machine production peaked at $ in 2008; however, from 2009 to 2019, production failed to regain the momentum.
% to $ for the first time since 2015, thus ending a three-year rising trend. Over the period under review, consumption recorded a significant increase. The most prominent rate of growth was recorded in 2008 with an increase of % y-o-y. Household sewing machine consumption peaked at $ in 2018, and then reduced slightly in the following year.In value terms, household sewing machine production amounted to $
in 2019 estimated in export prices. Overall, production continues to indicate a precipitous descent. The pace of growth was the most pronounced in 2011 when the production volume increased by % year-to-year. Household sewing machine production peaked at $ in 2008; however, from 2009 to 2019, production failed to regain the momentum.Consumption
In 2019, consumption of household sewing machines increased by % to units, rising for the third year in a row after three years of decline. Over the period under review, consumption showed significant growth. The pace of growth appeared the most rapid in 2008 when the consumption volume increased by % against the previous year. Household sewing machine consumption peaked in 2019 and is expected to retain growth in the immediate term.
The size of the household sewing machine market in the Czech Republic fell modestly to $ in 2019, reducing 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). Overall, consumption showed a significant expansion. The pace of growth appeared the most rapid in 2008 with an increase of % year-to-year. Household sewing machine consumption peaked at $ in 2018, and then contracted in the following year.
% to units, rising for the third year in a row after three years of decline. Over the period under review, consumption showed significant growth. The pace of growth appeared the most rapid in 2008 when the consumption volume increased by % against the previous year. Household sewing machine consumption peaked in 2019 and is expected to retain growth in the immediate term.The size of the household sewing machine market in the Czech Republic fell modestly to $
in 2019, reducing 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). Overall, consumption showed a significant expansion. The pace of growth appeared the most rapid in 2008 with an increase of % year-to-year. Household sewing machine consumption peaked at $ in 2018, and then contracted in the following year.Market Forecast
Driven by increasing demand for household sewing machine in the Czech Republic, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from 2019 to , which is projected to bring the market volume to units by the end of .
% for the period from 2019 to , which is projected to bring the market volume to units by the end of .Market Structure
Household sewing machine market in the Czech Republic consists almost entirely of imported products.
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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