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

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

The Australian industrial sewing machines (non-automatic) market fell dramatically to $X in 2022, reducing by -85.3% against the previous year. Overall, consumption saw a abrupt slump. As a result, consumption attained the peak level of $X, and then contracted rapidly in the following year.

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

In value terms, industrial sewing machines (non-automatic) production contracted rapidly to $X in 2022 estimated in export price. Over the period under review, production recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 with a decrease of -12.4% against the previous year. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Exports of Industrial Sewing Machines (Non-Automatic)

Exports from Australia

For the third year in a row, Australia recorded decline in overseas shipments of industrial sewing machines (non-automatic), which decreased by -20.8% to X units in 2022. In general, exports showed a abrupt contraction. The growth pace was the most rapid in 2019 with an increase of 123% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, industrial sewing machines (non-automatic) exports shrank notably to $X in 2022. Over the period under review, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when exports increased by 67% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

New Zealand (X units), Papua New Guinea (X units) and the United States (X units) were the main destinations of industrial sewing machines (non-automatic) exports from Australia, with a combined 85% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Papua New Guinea (with a CAGR of +64.9%), while the other leaders experienced mixed trend patterns.

In value terms, Papua New Guinea ($X), New Zealand ($X) and the United States ($X) appeared to be the largest markets for industrial sewing machines (non-automatic) exported from Australia worldwide, together accounting for 93% of total exports.

Papua New Guinea, with a CAGR of +77.0%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average industrial sewing machines (non-automatic) export price stood at $X per unit in 2022, reducing by -26.5% against the previous year. Overall, the export price, however, saw pronounced growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by 93%. As a result, the export price reached the peak level of $X per unit, and then dropped markedly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Papua New Guinea ($X per unit), while the average price for exports to Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Fiji (+15.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Industrial Sewing Machines (Non-Automatic)

Imports into Australia

Industrial sewing machines (non-automatic) imports into Australia dropped significantly to X units in 2022, with a decrease of -33% compared with the year before. Overall, imports saw a pronounced downturn. The pace of growth appeared the most rapid in 2020 with an increase of 22%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, industrial sewing machines (non-automatic) imports fell sharply to $X in 2022. Over the period under review, imports saw a perceptible decline. The most prominent rate of growth was recorded in 2021 with an increase of 34% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of industrial sewing machines (non-automatic) to Australia, accounting for a 52% share of total imports. Moreover, industrial sewing machines (non-automatic) imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), fourfold. The third position in this ranking was held by Singapore (X units), with a 9.4% share.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-10.7% per year) and Singapore (+11.3% per year).

In value terms, China ($X) constituted the largest supplier of industrial sewing machines (non-automatic) to Australia, comprising 38% of total imports. The second position in the ranking was taken by Germany ($X), with a 17% share of total imports. It was followed by the United States, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-5.2% per year) and the United States (-10.6% per year).

Import Prices by Country

In 2022, the average industrial sewing machines (non-automatic) import price amounted to $X per unit, growing by 17% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 44%. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+15.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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