Bahrain: Industrial Sewing Machine Market 2024

Industrial Sewing Machine Market Size in Bahrain

In 2022, the Bahraini industrial sewing machine market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption, however, saw a pronounced setback. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Industrial Sewing Machine Exports

Exports from Bahrain

In 2022, after two years of decline, there was significant growth in shipments abroad of industrial sewing machines, when their volume increased by 80% to X units. Overall, exports showed pronounced growth. The pace of growth was the most pronounced in 2014 with an increase of 780%. Over the period under review, the exports reached the peak figure at X units in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, industrial sewing machine exports surged to $X in 2022. Over the period under review, exports recorded buoyant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 353% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X units) was the main destination for industrial sewing machine exports from Bahrain, accounting for a 85% share of total exports. Moreover, industrial sewing machine exports to Saudi Arabia exceeded the volume sent to the second major destination, the United Arab Emirates (X units), more than tenfold. Pakistan (X units) ranked third in terms of total exports with a 4.2% share.

From 2012 to 2022, the average annual growth rate of volume to Saudi Arabia totaled +31.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-10.4% per year) and Pakistan (-5.0% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for industrial sewing machines exports from Bahrain, comprising 96% of total exports. The second position in the ranking was taken by Pakistan ($X), with a 3.1% share of total exports. It was followed by Germany, with a 0.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Saudi Arabia totaled +49.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Pakistan (-14.7% per year) and Germany (-7.4% per year).

Export Prices by Country

The average industrial sewing machine export price stood at $X per unit in 2022, picking up by 131% against the previous year. In general, the export price recorded a moderate increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per unit), while the average price for exports to the United Arab Emirates ($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 Bangladesh (+32.0%), while the prices for the other major destinations experienced mixed trend patterns.

Industrial Sewing Machine Imports

Imports into Bahrain

In 2022, the amount of industrial sewing machines imported into Bahrain skyrocketed to X units, picking up by 238% on 2021 figures. Over the period under review, imports enjoyed a slight increase. Imports peaked at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, industrial sewing machine imports skyrocketed to $X in 2022. In general, imports, however, faced a deep setback. The pace of growth appeared the most rapid in 2019 when imports increased by 84% against the previous year. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest industrial sewing machine supplier to Bahrain, with a 84% share of total imports. Moreover, industrial sewing machine imports from China exceeded the figures recorded by the second-largest supplier, India (X units), ninefold. Japan (X units) ranked third in terms of total imports with a 1.4% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +10.8%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-1.5% per year) and Japan (-12.1% per year).

In value terms, China ($X) constituted the largest supplier of industrial sewing machines to Bahrain, comprising 79% of total imports. The second position in the ranking was held by Japan ($X), with a 6.6% share of total imports. It was followed by India, with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-17.3% per year) and India (-13.9% per year).

Import Prices by Country

In 2022, the average industrial sewing machine import price amounted to $X per unit, shrinking by -45.9% against the previous year. In general, the import price faced a deep slump. The most prominent rate of growth was recorded in 2016 when the average import price increased by 13% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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 Arab Emirates ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (-1.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform