Australia and Oceania: Industrial Sewing Machine Market 2024

Industrial Sewing Machine Market Size in Australia and Oceania

After three years of growth, the industrial sewing machine market in Australia and Oceania decreased by -0.9% to $X in 2022. Overall, consumption, however, recorded a pronounced reduction. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Industrial Sewing Machine Production in Australia and Oceania

In value terms, industrial sewing machine production stood at $X in 2022 estimated in export price. Overall, production, however, saw a abrupt descent. The pace of growth appeared the most rapid in 2013 with an increase of 9.5% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Industrial Sewing Machine Exports

Exports in Australia and Oceania

In 2022, the amount of industrial sewing machines exported in Australia and Oceania shrank dramatically to X units, reducing by -37% compared with 2021 figures. Over the period under review, exports recorded a deep contraction. The most prominent rate of growth was recorded in 2019 when exports increased by 76% against the previous year. The volume of export peaked at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, industrial sewing machine exports fell markedly to $X in 2022. Overall, exports saw a deep slump. The growth pace was the most rapid in 2017 with an increase of 98% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Australia (X units) represented the main exporter of industrial sewing machines, generating 80% of total exports. It was distantly followed by New Zealand (X units), comprising a 19% share of total exports.

Exports from Australia decreased at an average annual rate of -12.5% from 2012 to 2022. At the same time, New Zealand (+8.7%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +8.7% from 2012-2022. While the share of New Zealand (+16 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Australia (-16.7 p.p.) displayed negative dynamics.

In value terms, Australia ($X) remains the largest industrial sewing machine supplier in Australia and Oceania, comprising 77% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 19% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia amounted to -11.0%.

Export Prices by Country

The export price in Australia and Oceania stood at $X per unit in 2022, dropping by -15.1% against the previous year. Over the period under review, the export price, however, saw a slight increase. The most prominent rate of growth was recorded in 2021 an increase of 89%. As a result, the export price reached the peak level of $X per unit, and then contracted markedly in the following year.

Average prices varied noticeably 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 amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+1.6%).

Industrial Sewing Machine Imports

Imports in Australia and Oceania

After four years of growth, supplies from abroad of industrial sewing machines decreased by -6.6% to X units in 2022. Overall, imports, however, showed prominent growth. The most prominent rate of growth was recorded in 2021 when imports increased by 40%. As a result, imports reached the peak of X units, and then reduced in the following year.

In value terms, industrial sewing machine imports dropped slightly to $X in 2022. Total imports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.2% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 47% against the previous year. As a result, imports reached the peak of $X, leveling off in the following year.

Imports by Country

New Zealand represented the key importer of industrial sewing machines in Australia and Oceania, with the volume of imports amounting to X units, which was near 49% of total imports in 2022. It was distantly followed by Australia (X units) and Fiji (X units), together committing a 44% share of total imports. New Caledonia (X units) followed a long way behind the leaders.

New Zealand was also the fastest-growing in terms of the industrial sewing machines imports, with a CAGR of +22.8% from 2012 to 2022. At the same time, Fiji (+10.3%), New Caledonia (+6.9%) and Australia (+2.0%) displayed positive paces of growth. From 2012 to 2022, the share of New Zealand and Fiji increased by +34 and +2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported industrial sewing machines in Australia and Oceania, comprising 66% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 24% share of total imports. It was followed by Fiji, with a 4% share.

In Australia, industrial sewing machine imports increased at an average annual rate of +2.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: New Zealand (+7.5% per year) and Fiji (-2.5% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per unit in 2022, with an increase of 6.4% against the previous year. Over the period under review, the import price, however, saw a deep reduction. The pace of growth was the most pronounced in 2017 when the import price increased by 51%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, 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 (+0.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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