China's sewing machine exporting is playing an indispensable role in globalization. It's the basis and engine of industrialization and modernization. Not only the garment and leather industry but also many other related industries. In this condition, it is necessary to improve the structure of economic systems. And we need to increase the level of international competitiveness.
We need to do an analysis of China's sewing machine industry. To find out:
What is the development trend in 2021?
And how will the competition be restructured?
With the coronavirus, the world economy will be in a very dangerous situation. And it will face a huge wave of economic crisis. In such a period, Chinese sewing machine sales is a strong weapon. From the report, we will find out the demand for sewing machines. And we'll be able to estimate the production and the sales of different sewing machine models.
Overview of China Sewing Machine Industry Exporting Trend 2005-2020
How can we get China's market perspective in the sewing machine industry? A statistic should be developed on a national amount basis.
What is the export amount of the entire Chinese sewing machine manufacturing companies? The data chart provides the details from 2005 to 2020. They have contributed to China's overall production. Each year's exporting amount and the entire trend are listed:
(Data Resource: China Custom official data)
before the COVID19 pandemic in 2019, China sewing machine industry enjoyed a growth for four consecutive years.
How the COVID19 Pandemic Affect China's Sewing Machine Export?
In 2019, the COVID19 infectious diseases struck all countries. China's export value of sewing machines declined. When COVID19 broke out, the epidemic turned into a global tragedy. It seems that we need to look at a series of reasonable changes in the industry.
Asian countries are the major markets for China's sewing machine exporting. The Asian apparel and footwear markets were affected by the epidemic. Such as ASEAN and South Asia. And the demand for sewing machines had declined significantly.
China took over the orders to the sewing machine and surrounding industrial chains. These orders are released and transferred by European and American companies. China just dropped slightly. China exports sewing machines to some countries to support epidemic prevention materials production. They had local production demand for fighting COVID19. Such as East Asia, West Asia, Europe, and the United States. Their sewing machine demand has grown significantly.
(Data Resource: China Custom official data)
Exports fell slightly, mainly due to lower demand in Southeast Asia.
In 2020, the export value of China's sewing machinery products declined due to COVID19. It has increased for four consecutive years. But a slight downward trend in 2020. We can check the data of the General Administration of China Customs. China's cumulative export of sewing machinery products. It was 2.363 billion US dollars in 2020. It's a year-on-year decrease of 4.94%. And it fell back to the level of 2017.
This is mainly due to the fact that in 2020, the Asian apparel and footwear markets. Such as ASEAN and South Asia will be affected by the epidemic. And the demand for sewing machines will decline significantly.
(Data Resource: China Custom official data)
Asia is the only area where China's sewing machinery exports declined in 2020. While China's sewing machinery exports to other countries were increasing. Europe, Africa, South America, North America, and Oceania have increased by 34.98%, 0.75%, 10.03%, 55.40%, 132.45%.
Asia is the only area where China's sewing machinery exports will decline in 2020. While Europe, Africa, South America, North America, and Oceania market have increased by 34.98%, 0.75%, 10.03%, 55.40%, 132.45%.
The one-road-one-belt regional market of China sewing machine exporting overview:
From the perspective of regional markets, in 2020, China's cumulative exports data:
* exports to the "One-Belt-One-Road" markets reached US$1.369 billion, drop 17.48% year-on-year;
* exports to ASEAN markets were US$576 million, drop 27.47% year-on-year;
* exports to South Asian markets were US$352 million, drop 27.47% year-on-year A decrease of 29.45%;
* exports to the EU market were 214 million US dollars, a year-on-year increase of 32.12%;
* exports to the West Asian market were 202 million US dollars, a year-on-year increase of 31.52%;
* exports to the East Asian market were 198 million US dollars, a year-on-year increase of 35.17%.
Some regional markets grew against the trend, driving industry exports. Such as the European Union, West Asia, and East Asia
(Data Resource: China Custom official data)
Specific country markets overview:
Vietnam and India are still the top two export markets in the industry. In 2020, China's exports to Vietnam totaled US$276 million, a year-on-year decrease of 25.92%. And exports to India totaled US$182 million, a year-on-year decrease of 38.93%.
The United States has become China's third-largest export market. With an export value of 166 million US dollars, a year-on-year increase of 51.42%. It's mainly due to the substantial increase in the export of fighting COVID19. Including household sewing machines, single-head embroidery machines, and epidemic prevention-related equipment.
In addition, China's sewing equipment exporting increased significantly year on year. Certain markets such as South Korea, Turkey, Brazil, Egypt, and other markets. They both import more than before.
(Data Resource: China Custom official data)
Note: The export of sewing machinery products is listed in two types. Light-colored areas in 2020 will decrease compared with 2019. And the export value of dark-colored areas will increase.
If you want to know more about the trends for the sewing machine industry, please check our blog:
Sewing Machine from China Analysis 2019-2026
The research report is a professional and in-depth study. It's based on the current state of the global sewing machine from China. And competitive scenario in the global sewing machine from China. It's covering regional development status and the forecast.
