Australia and Oceania: Market for Industrial Sewing Machines (Non-Automatic) 2024

Market Size for Industrial Sewing Machines (Non-Automatic) in Australia and Oceania

The industrial sewing machines (non-automatic) market in Australia and Oceania fell notably to $X in 2022, shrinking by -66.2% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then contracted significantly in the following year.

Production of Industrial Sewing Machines (Non-Automatic) in Australia and Oceania

In value terms, industrial sewing machines (non-automatic) production contracted markedly to $X in 2022 estimated in export price. In general, production saw a abrupt downturn. The most prominent rate of growth was recorded in 2016 with an increase of 6,706%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Exports of Industrial Sewing Machines (Non-Automatic)

Exports in Australia and Oceania

For the third year in a row, Australia and Oceania recorded decline in overseas shipments of industrial sewing machines (non-automatic), which decreased by -30.6% to X units in 2022. Overall, exports faced a abrupt contraction. The most prominent rate of growth was recorded in 2019 with an increase of 97%. The volume of export peaked at X units in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, industrial sewing machines (non-automatic) exports shrank remarkably to $X in 2022. In general, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2017 when exports increased by 66%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Australia was the key exporter of industrial sewing machines (non-automatic) in Australia and Oceania, with the volume of exports amounting to X units, which was approx. 81% of total exports in 2022. It was distantly followed by New Zealand (X units), mixing up an 18% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to industrial sewing machines (non-automatic) exports from Australia stood at -12.0%. At the same time, New Zealand (+8.0%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +8.0% from 2012-2022. From 2012 to 2022, the share of New Zealand increased by +15 percentage points.

In value terms, Australia ($X) remains the largest industrial sewing machines (non-automatic) supplier in Australia and Oceania, comprising 66% of total exports. The second position in the ranking was held by New Zealand ($X), with a 27% share of total exports.

In Australia, industrial sewing machines (non-automatic) exports plunged by an average annual rate of -9.9% over the period from 2012-2022.

Export Prices by Country

The export price in Australia and Oceania stood at $X per unit in 2022, declining by -26% against the previous year. In general, the export price, however, enjoyed moderate growth. The most prominent rate of growth was recorded in 2021 an increase of 88%. As a result, the export price reached the peak level of $X per unit, and then contracted remarkably in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($X per unit), while Australia totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+2.4%).

Imports of Industrial Sewing Machines (Non-Automatic)

Imports in Australia and Oceania

In 2022, supplies from abroad of industrial sewing machines (non-automatic) increased by 7% to X units, rising for the fourth consecutive year after three years of decline. Over the period under review, imports saw a prominent expansion. The most prominent rate of growth was recorded in 2015 with an increase of 43%. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, industrial sewing machines (non-automatic) imports dropped notably to $X in 2022. In general, imports, however, recorded a slight curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 40%. As a result, imports reached the peak of $X, and then reduced dramatically in the following year.

Imports by Country

New Zealand was the key importer of industrial sewing machines (non-automatic) in Australia and Oceania, with the volume of imports accounting for X units, which was approx. 55% of total imports in 2022. Fiji (X units) held a 26% share (based on physical terms) of total imports, which put it in second place, followed by Australia (12%). New Caledonia (X units) held a minor share of total imports.

New Zealand was also the fastest-growing in terms of the industrial sewing machines (non-automatic) imports, with a CAGR of +26.6% from 2012 to 2022. At the same time, Fiji (+10.7%) and New Caledonia (+6.9%) displayed positive paces of growth. By contrast, Australia (-4.8%) illustrated a downward trend over the same period. While the share of New Zealand (+43 p.p.) and Fiji (+4.7 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Australia (-34.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X), New Zealand ($X) and Fiji ($X) were the countries with the highest levels of imports in 2022, with a combined 91% share of total imports. These countries were followed by New Caledonia, which accounted for a further 1.9%.

New Caledonia, with a CAGR of +7.2%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per unit, shrinking by -26.5% against the previous year. Overall, the import price continues to indicate a deep downturn. The pace of growth appeared the most rapid in 2017 when the import price increased by 46% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 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 ($X per unit), while Fiji ($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 Caledonia (+0.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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