Australia and Oceania: Household Sewing Machine Market 2024

Household Sewing Machine Exports

Exports in Australia and Oceania

In 2021, the amount of household sewing machines exported in Australia and Oceania skyrocketed to X units, jumping by 73% on the previous year's figure. Total exports indicated a pronounced increase from 2012 to 2021: its volume increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +95.3% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, household sewing machine exports skyrocketed to $X in 2021. Total exports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +78.9% against 2019 indices. The pace of growth was the most pronounced in 2015 with an increase of 64% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in years to come.

Exports by Country

Australia represented the main exporter of household sewing machines in Australia and Oceania, with the volume of exports amounting to X units, which was near 81% of total exports in 2021. It was distantly followed by New Zealand (X units), making up a 19% share of total exports.

Exports from Australia increased at an average annual rate of +2.6% from 2012 to 2021. At the same time, New Zealand (+33.5%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +33.5% from 2012-2021. From 2012 to 2021, the share of New Zealand increased by +17 percentage points.

In value terms, Australia ($X) remains the largest household sewing machine supplier in Australia and Oceania, comprising 94% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 5.3% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Australia stood at +5.4%.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per unit, declining by -23.8% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 48% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

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 amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+2.7%).

Household Sewing Machine Imports

Imports in Australia and Oceania

In 2021, supplies from abroad of household sewing machines increased by 6.9% to X units, rising for the fifth year in a row after two years of decline. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 20%. The volume of import peaked in 2021 and is expected to retain growth in years to come.

In value terms, household sewing machine imports surged to $X in 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 34% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Australia dominates imports structure, resulting at X units, which was near 83% of total imports in 2021. It was distantly followed by New Zealand (X units) and Papua New Guinea (X units), together achieving a 15% share of total imports.

Australia was also the fastest-growing in terms of the household sewing machines imports, with a CAGR of +2.0% from 2012 to 2021. Papua New Guinea (-2.4%) and New Zealand (-3.2%) illustrated a downward trend over the same period. Australia (+7.7 p.p.) significantly strengthened its position in terms of the total imports, while Papua New Guinea and New Zealand saw its share reduced by -2.6% and -3.4% from 2012 to 2021, respectively.

In value terms, Australia ($X) constitutes the largest market for imported household sewing machines in Australia and Oceania, comprising 84% of total imports. The second position in the ranking was taken by New Zealand ($X), with an 11% share of total imports.

In Australia, household sewing machine imports remained relatively stable over the period from 2012-2021. In the other countries, the average annual rates were as follows: New Zealand (+1.1% per year) and Papua New Guinea (-1.7% per year).

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per unit, growing by 15% against the previous year. Over the period under review, the import price, however, showed a slight decline. Over the period under review, import prices hit record highs at $X per unit in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was New Zealand ($X per unit), while Papua New Guinea ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+4.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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