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

Exports of Industrial Sewing Machines (Non-Automatic)

Exports in Central Asia

In 2022, overseas shipments of industrial sewing machines (non-automatic) were finally on the rise to reach X units after two years of decline. In general, exports recorded significant growth. The growth pace was the most rapid in 2019 with an increase of 1,546% against the previous year. The volume of export peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, industrial sewing machines (non-automatic) exports surged to $X in 2022. Over the period under review, exports showed significant growth. The growth pace was the most rapid in 2017 when exports increased by 16,077%. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Kyrgyzstan (X units) was the largest exporter of industrial sewing machines (non-automatic), comprising 65% of total exports. Kazakhstan (X units) ranks second in terms of the total exports with a 22% share, followed by Uzbekistan (14%).

Kyrgyzstan was also the fastest-growing in terms of the industrial sewing machines (non-automatic) exports, with a CAGR of +70.3% from 2012 to 2022. At the same time, Kazakhstan (+36.8%) displayed positive paces of growth. By contrast, Uzbekistan (-2.5%) illustrated a downward trend over the same period. Kyrgyzstan (+45 p.p.) and Uzbekistan (+14 p.p.) significantly strengthened its position in terms of the total exports, while Kazakhstan saw its share reduced by -38.3% from 2012 to 2022, respectively.

In value terms, the largest industrial sewing machines (non-automatic) supplying countries in Central Asia were Uzbekistan ($X), Kyrgyzstan ($X) and Kazakhstan ($X).

In terms of the main exporting countries, Kyrgyzstan, with a CAGR of +67.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Central Asia stood at $X per unit in 2022, shrinking by -54.9% against the previous year. Overall, the export price showed a perceptible decline. The pace of growth was the most pronounced in 2017 an increase of 1,829% against the previous year. The level of export peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Uzbekistan ($X per unit), while Kyrgyzstan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+7.1%), while the other leaders experienced a decline in the export price figures.

Imports of Industrial Sewing Machines (Non-Automatic)

Imports in Central Asia

In 2022, industrial sewing machines (non-automatic) imports in Central Asia skyrocketed to X units, rising by 26% against 2021 figures. Over the period under review, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2017 when imports increased by 239%. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, industrial sewing machines (non-automatic) imports contracted slightly to $X in 2022. Overall, imports showed a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 589% against the previous year. The level of import peaked at $X in 2021, and then shrank modestly in the following year.

Imports by Country

Uzbekistan was the largest importer of industrial sewing machines (non-automatic) in Central Asia, with the volume of imports amounting to X units, which was approx. 69% of total imports in 2022. It was distantly followed by Kyrgyzstan (X units), comprising a 23% share of total imports. Kazakhstan (X units) and Turkmenistan (X units) held a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to industrial sewing machines (non-automatic) imports into Uzbekistan stood at +18.8%. At the same time, Turkmenistan (+54.7%), Kyrgyzstan (+21.1%) and Kazakhstan (+7.6%) displayed positive paces of growth. Moreover, Turkmenistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +54.7% from 2012-2022. Uzbekistan (+69 p.p.) and Turkmenistan (+2 p.p.) significantly strengthened its position in terms of the total imports, while Kazakhstan and Kyrgyzstan saw its share reduced by -28.9% and -38.1% from 2012 to 2022, respectively.

In value terms, Uzbekistan ($X) constitutes the largest market for imported industrial sewing machines (non-automatic) in Central Asia, comprising 83% of total imports. The second position in the ranking was taken by Kyrgyzstan ($X), with an 8.7% share of total imports. It was followed by Turkmenistan, with a 4.2% share.

In Uzbekistan, industrial sewing machines (non-automatic) imports expanded at an average annual rate of +13.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Kyrgyzstan (+15.9% per year) and Turkmenistan (+41.4% per year).

Import Prices by Country

The import price in Central Asia stood at $X per unit in 2022, with a decrease of -22.3% against the previous year. Overall, the import price showed a slight shrinkage. The most prominent rate of growth was recorded in 2014 an increase of 141% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Turkmenistan ($X per unit), while Kyrgyzstan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (-4.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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