Australia and Oceania: Market for Industrial Automatic Sewing Machines 2024

Market Size for Industrial Automatic Sewing Machines in Australia and Oceania

After three years of growth, the industrial automatic sewing machine market in Australia and Oceania decreased by -19.4% to $X in 2022. Overall, consumption, however, posted strong growth. The level of consumption peaked at $X in 2021, and then reduced dramatically in the following year.

Production of Industrial Automatic Sewing Machines in Australia and Oceania

In value terms, industrial automatic sewing machine production reached $X in 2022 estimated in export price. Over the period under review, production, however, showed a significant expansion. The pace of growth appeared the most rapid in 2013 when the production volume increased by 486,050% against the previous year. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Exports of Industrial Automatic Sewing Machines

Exports in Australia and Oceania

In 2022, overseas shipments of industrial automatic sewing machines decreased by -67.3% to X units for the first time since 2019, thus ending a two-year rising trend. In general, exports continue to indicate a abrupt descent. The growth pace was the most rapid in 2014 with an increase of 357%. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, industrial automatic sewing machine exports reduced remarkably to $X in 2022. Overall, exports faced a deep setback. The pace of growth was the most pronounced in 2017 with an increase of 151% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Australia was the major exporter of industrial automatic sewing machines in Australia and Oceania, with the volume of exports amounting to X units, which was approx. 73% of total exports in 2022. It was distantly followed by New Zealand (X units), constituting a 27% share of total exports.

Exports from Australia decreased at an average annual rate of -16.4% from 2012 to 2022. At the same time, New Zealand (+16.1%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +16.1% from 2012-2022. New Zealand (+25 p.p.) significantly strengthened its position in terms of the total exports, while Australia saw its share reduced by -25.5% from 2012 to 2022, respectively.

In value terms, Australia ($X) remains the largest industrial automatic sewing machine supplier in Australia and Oceania, comprising 99% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 1.3% share of total exports.

In Australia, industrial automatic sewing machine exports contracted by an average annual rate of -12.4% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per unit, with an increase of 79% against the previous year. Overall, the export price enjoyed a modest increase. The most prominent rate of growth was recorded in 2015 an increase of 528% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Australia ($X per unit), while New Zealand totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+4.8%).

Imports of Industrial Automatic Sewing Machines

Imports in Australia and Oceania

In 2022, purchases abroad of industrial automatic sewing machines decreased by -37.6% to X units for the first time since 2015, thus ending a six-year rising trend. Overall, imports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2013 when imports increased by 90% against the previous year. Over the period under review, imports reached the maximum at X units in 2021, and then reduced dramatically in the following year.

In value terms, industrial automatic sewing machine imports surged to $X in 2022. Over the period under review, imports, however, showed buoyant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 60%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

In 2022, Australia (X units) represented the key importer of industrial automatic sewing machines, constituting 65% of total imports. It was distantly followed by New Zealand (X units), creating a 27% share of total imports. Vanuatu (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to industrial automatic sewing machine imports into Australia stood at +18.3%. At the same time, Vanuatu (+19.9%) and New Zealand (+9.5%) displayed positive paces of growth. Moreover, Vanuatu emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +19.9% from 2012-2022. From 2012 to 2022, the share of Australia increased by +25 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported industrial automatic sewing machines in Australia and Oceania, comprising 78% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 19% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia totaled +11.1%. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (+11.9% per year) and Vanuatu (+15.5% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per unit in 2022, growing by 108% against the previous year. Overall, the import price, however, recorded a mild slump. The level of import peaked at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Australia ($X per unit), while Vanuatu ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+2.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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