Australia: Industrial Sewing Machine Market 2024

Industrial Sewing Machine Market Size in Australia

The Australian industrial sewing machine market dropped modestly to $X in 2022, therefore, remained relatively stable against the previous year. Overall, consumption showed a abrupt decrease. Industrial sewing machine consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Industrial Sewing Machine Production in Australia

In value terms, industrial sewing machine production rose to $X in 2022 estimated in export price. In general, production, however, saw a abrupt slump. The growth pace was the most rapid in 2013 when the production volume increased by 9.5%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Industrial Sewing Machine Exports

Exports from Australia

For the third consecutive year, Australia recorded decline in overseas shipments of industrial sewing machines, which decreased by -32% to X units in 2022. In general, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2019 when exports increased by 97%. The exports 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 dropped rapidly to $X in 2022. Overall, exports saw a abrupt descent. The most prominent rate of growth was recorded in 2017 with an increase of 103%. Over the period under review, the exports attained the maximum 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 machine exports from Australia, with a combined 84% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Papua New Guinea (with a CAGR of +65.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for industrial sewing machine exported from Australia were Papua New Guinea ($X), New Zealand ($X) and the United States ($X), with a combined 81% share of total exports.

Among the main countries of destination, Papua New Guinea, with a CAGR of +78.1%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average industrial sewing machine export price stood at $X per unit in 2022, shrinking by -11.1% against the previous year. Over the period under review, the export price, however, posted slight growth. The pace of growth was the most pronounced in 2021 an increase of 119% against the previous year. As a result, the export price reached the peak level of $X per unit, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Fiji ($X per unit), while the average price for exports to Vietnam ($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 (+27.6%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Sewing Machine Imports

Imports into Australia

In 2022, purchases abroad of industrial sewing machines decreased by -30.3% to X units for the first time since 2017, thus ending a four-year rising trend. Overall, total imports indicated a moderate increase from 2012 to 2022: its volume increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 33%. Over the period under review, imports reached the peak figure at X units in 2021, and then shrank rapidly in the following year.

In value terms, industrial sewing machine imports expanded notably to $X in 2022. In general, total imports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +2.0% 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 +78.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 43% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

China (X units), Singapore (X units) and Sweden (X units) were the main suppliers of industrial sewing machine imports to Australia, with a combined 80% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Singapore (with a CAGR of +27.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of industrial sewing machines to Australia, comprising 33% of total imports. The second position in the ranking was taken by Sweden ($X), with a 16% share of total imports. It was followed by the United States, with a 14% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +8.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (0.0% per year) and the United States (-4.6% per year).

Import Prices by Country

The average industrial sewing machine import price stood at $X per unit in 2022, increasing by 52% against the previous year. In general, the import price showed a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, 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) (+14.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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