CIS: Industrial Sewing Machine Market 2024

Industrial Sewing Machine Market Size in CIS

In 2022, the CIS industrial sewing machine market decreased by -5.3% to $X for the first time since 2015, thus ending a six-year rising trend. Over the period under review, consumption posted a temperate expansion. Over the period under review, the market attained the peak level at $X in 2021, and then fell in the following year.

Industrial Sewing Machine Production in CIS

In value terms, industrial sewing machine production shrank slightly to $X in 2022 estimated in export price. In general, production, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2016 when the production volume increased by 46% against the previous year. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Industrial Sewing Machine Exports

Exports in CIS

In 2022, overseas shipments of industrial sewing machines decreased by -15.3% to X units for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2019 when exports increased by 127% against the previous year. The volume of export peaked at X units in 2021, and then reduced sharply in the following year.

In value terms, industrial sewing machine exports stood at $X in 2022. Overall, exports, however, saw a strong expansion. The pace of growth appeared the most rapid in 2020 with an increase of 91% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

Russia (X units) and Belarus (X units) dominates exports structure, together generating 89% of total exports. Kyrgyzstan (X units), Moldova (X units) and Kazakhstan (X units) took a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for Kyrgyzstan (with a CAGR of +55.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest industrial sewing machine supplying countries in the CIS were Russia ($X), Belarus ($X) and Kazakhstan ($X), together accounting for 93% of total exports.

In terms of the main exporting countries, Kazakhstan, with a CAGR of +96.6%, 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, increasing by 21% against the previous year. In general, the export price, however, saw a abrupt decrease. The pace of growth appeared the most rapid in 2020 when the export price increased by 87% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Kazakhstan ($X per unit), while Kyrgyzstan ($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 (+43.4%), while the other leaders experienced mixed trends in the export price figures.

Industrial Sewing Machine Imports

Imports in CIS

In 2022, the amount of industrial sewing machines imported in the CIS rose rapidly to X units, increasing by 9.3% against 2021 figures. In general, imports enjoyed a strong increase. The pace of growth appeared the most rapid in 2017 when imports increased by 91%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, industrial sewing machine imports reduced modestly to $X in 2022. Over the period under review, imports enjoyed a strong increase. The pace of growth appeared the most rapid in 2017 when imports increased by 102%. Over the period under review, imports attained the peak figure at $X in 2021, and then declined in the following year.

Imports by Country

Uzbekistan (X units) and Russia (X units) represented the main importers of industrial sewing machines in 2022, resulting at approx. 40% and 34% of total imports, respectively. Kyrgyzstan (X units) ranks next in terms of the total imports with a 15% share, followed by Kazakhstan (5.3%). Belarus (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Kyrgyzstan (with a CAGR of +23.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest industrial sewing machine importing markets in the CIS were Uzbekistan ($X), Russia ($X) and Kyrgyzstan ($X), together accounting for 85% of total imports.

In terms of the main importing countries, Kyrgyzstan, with a CAGR of +16.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the CIS stood at $X per unit in 2022, which is down by -11.7% against the previous year. Overall, the import price continues to indicate a pronounced curtailment. The pace of growth was the most pronounced in 2017 an increase of 6.2% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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