CIS: Household Sewing Machine Market 2024

Household Sewing Machine Market Size in CIS

The CIS household sewing machine market soared to $X in 2021, rising by 40% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Household Sewing Machine Production in CIS

In value terms, household sewing machine production skyrocketed to $X in 2021 estimated in export price. In general, production, however, recorded a abrupt slump. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Household Sewing Machine Exports

Exports in CIS

In 2021, overseas shipments of household sewing machines increased by 56% to X units, rising for the second consecutive year after two years of decline. In general, exports saw a significant increase. The pace of growth was the most pronounced in 2014 with an increase of 131% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in years to come.

In value terms, household sewing machine exports surged to $X in 2021. Over the period under review, exports, however, recorded a abrupt decline. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Russia (X units) and Belarus (X units) dominates exports structure, together achieving 96% of total exports. Kazakhstan (X units) held a little share of total exports.

From 2012 to 2021, the biggest increases were recorded for Belarus (with a CAGR of +68.4%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Russia ($X) remains the largest household sewing machine supplier in the CIS, comprising 62% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a 24% share of total exports.

In Russia, household sewing machine exports expanded at an average annual rate of +31.2% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Kazakhstan (-23.5% per year) and Belarus (+40.1% per year).

Export Prices by Country

The export price in the CIS stood at $X per unit in 2021, increasing by 39% against the previous year. In general, the export price, however, continues to indicate a dramatic setback. The level of export peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Kazakhstan ($X per unit), while Belarus ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (-13.3%), while the other leaders experienced a decline in the export price figures.

Household Sewing Machine Imports

Imports in CIS

In 2021, approx. X units of household sewing machines were imported in the CIS; increasing by 31% against 2020 figures. Overall, imports, however, saw a noticeable slump. The pace of growth appeared the most rapid in 2017 when imports increased by 105%. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, household sewing machine imports soared to $X in 2021. In general, imports saw a slight expansion. The growth pace was the most rapid in 2017 when imports increased by 169% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to see steady growth in years to come.

Imports by Country

In 2021, Russia (X units) represented the largest importer of household sewing machines, constituting 69% of total imports. Uzbekistan (X units) took a 14% share (based on physical terms) of total imports, which put it in second place, followed by Belarus (9.2%) and Kazakhstan (5.1%).

From 2012 to 2021, average annual rates of growth with regard to household sewing machine imports into Russia stood at -6.3%. At the same time, Uzbekistan (+56.9%), Kazakhstan (+17.7%) and Belarus (+10.2%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +56.9% from 2012-2021. From 2012 to 2021, the share of Uzbekistan, Belarus and Kazakhstan increased by +14, +6.3 and +4.2 percentage points, respectively.

In value terms, Russia ($X) constitutes the largest market for imported household sewing machines in the CIS, comprising 79% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a 7.7% share of total imports. It was followed by Uzbekistan, with a 5.2% share.

In Russia, household sewing machine imports remained relatively stable over the period from 2012-2021. In the other countries, the average annual rates were as follows: Kazakhstan (+18.3% per year) and Uzbekistan (+73.7% per year).

Import Prices by Country

In 2021, the import price in the CIS amounted to $X per unit, stabilizing at the previous year. Import price indicated a notable increase from 2012 to 2021: its price increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, household sewing machine import price increased by +12.8% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the import price increased by 31% against the previous year. As a result, import price reached the peak level of $X per unit. From 2018 to 2021, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Kazakhstan ($X per unit), while Uzbekistan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+10.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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