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

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

After two years of growth, the CIS industrial sewing machines (non-automatic) market decreased by -9.5% to $X in 2022. In general, consumption enjoyed a strong expansion. Over the period under review, the market reached the peak level at $X in 2021, and then reduced in the following year.

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

In value terms, industrial sewing machines (non-automatic) production declined to $X in 2022 estimated in export price. In general, production continues to indicate a slight descent. The pace of growth appeared the most rapid in 2018 with an increase of 22% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Exports of Industrial Sewing Machines (Non-Automatic)

Exports in CIS

In 2022, the amount of industrial sewing machines (non-automatic) exported in the CIS reduced notably to X units, waning by -24.3% against 2021. Overall, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 140%. Over the period under review, the exports reached the maximum at X units in 2021, and then fell rapidly in the following year.

In value terms, industrial sewing machines (non-automatic) exports fell to $X in 2022. Over the period under review, exports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2021 when exports increased by 96%. As a result, the exports attained the peak of $X, and then contracted in the following year.

Exports by Country

Russia (X units) and Belarus (X units) dominates exports structure, together mixing up 88% of total exports. It was distantly followed by Kyrgyzstan (X units), achieving a 5.5% share of total exports. Moldova (X units) and Kazakhstan (X units) took a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Kyrgyzstan (with a CAGR of +70.3%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Belarus ($X) and Moldova ($X) constituted the countries with the highest levels of exports in 2022, with a combined 96% share of total exports. Kyrgyzstan and Kazakhstan lagged somewhat behind, together comprising a further 2.3%.

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 more modest paces of growth.

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per unit, picking up by 17% against the previous year. Over the period under review, the export price, however, recorded a deep reduction. The pace of growth appeared the most rapid in 2020 when the export price increased by 133%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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 Moldova ($X per unit), while Kyrgyzstan ($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 mixed trends in the export price figures.

Imports of Industrial Sewing Machines (Non-Automatic)

Imports in CIS

Industrial sewing machines (non-automatic) imports expanded sharply to X units in 2022, with an increase of 7.2% on 2021 figures. In general, imports showed a prominent expansion. The pace of growth appeared the most rapid in 2017 with an increase of 89% against the previous year. 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 shrank to $X in 2022. Over the period under review, imports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2017 when imports increased by 136%. Over the period under review, imports hit record highs at $X in 2021, and then fell in the following year.

Imports by Country

Uzbekistan (X units) and Russia (X units) represented the main importers of industrial sewing machines (non-automatic) in 2022, amounting to near 42% and 37% of total imports, respectively. It was distantly followed by Kyrgyzstan (X units), generating a 14% share of total imports. Kazakhstan (X units) took a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Kyrgyzstan (with a CAGR of +21.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest industrial sewing machines (non-automatic) importing markets in the CIS were Uzbekistan ($X), Russia ($X) and Kyrgyzstan ($X), with a combined 88% share of total imports.

Kyrgyzstan, with a CAGR of +15.9%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per unit, shrinking by -13.7% against the previous year. In general, the import price continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2017 when the import price increased by 25% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, 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 Russia (-0.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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