Cote d'Ivoire: Market for Industrial Sewing Machines (Non-Automatic) 2024

Market Size for Industrial Sewing Machines (Non-Automatic) in Cote d'Ivoire

In 2022, the Cote d'Ivoire's industrial sewing machines (non-automatic) market decreased by -31.3% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption, however, recorded a buoyant expansion. As a result, consumption reached the peak level of $X, and then reduced notably in the following year.

Exports of Industrial Sewing Machines (Non-Automatic)

Exports from Cote d'Ivoire

In 2022, exports of industrial sewing machines (non-automatic) from Cote d'Ivoire declined to X units, shrinking by -14.3% compared with the year before. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 489% against the previous year. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, industrial sewing machines (non-automatic) exports skyrocketed to $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 2,038% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X units), Senegal (X units) and Switzerland (X units) were the main destinations of industrial sewing machines (non-automatic) exports from Cote d'Ivoire, together comprising 50% of total exports. Burkina Faso, Cameroon and France lagged somewhat behind, together accounting for a further 50%.

From 2012 to 2022, the biggest increases were recorded for Cameroon (with a CAGR of 0.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X) remains the key foreign market for industrial sewing machines (non-automatic) exports from Cote d'Ivoire, comprising 54% of total exports. The second position in the ranking was taken by Senegal ($X), with a 13% share of total exports. It was followed by Switzerland, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France amounted to +48.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Senegal (-1.8% per year) and Switzerland (-31.1% per year).

Export Prices by Country

In 2022, the average industrial sewing machines (non-automatic) export price amounted to $X per unit, jumping by 163% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 263% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2020 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Burkina Faso ($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 France (+48.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Industrial Sewing Machines (Non-Automatic)

Imports into Cote d'Ivoire

In 2022, after two years of growth, there was significant decline in purchases abroad of industrial sewing machines (non-automatic), when their volume decreased by -29.4% to X units. In general, imports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 459%. As a result, imports attained the peak of X units, and then dropped markedly in the following year.

In value terms, industrial sewing machines (non-automatic) imports plummeted to $X in 2022. Overall, imports, however, continue to indicate a resilient increase. The pace of growth was the most pronounced in 2021 when imports increased by 244% against the previous year. As a result, imports attained the peak of $X, and then reduced sharply in the following year.

Imports by Country

In 2022, China (X units) was the main supplier of industrial sewing machines (non-automatic) to Cote d'Ivoire, accounting for a 96% share of total imports. It was followed by Morocco (X units), with less than 0.1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +35.4%.

In value terms, China ($X) constituted the largest supplier of industrial sewing machines (non-automatic) to Cote d'Ivoire, comprising 80% of total imports. The second position in the ranking was held by Morocco ($X), with less than 0.1% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled +25.3%.

Import Prices by Country

In 2022, the average industrial sewing machines (non-automatic) import price amounted to $X per unit, with a decrease of -8.6% against the previous year. Over the period under review, the import price saw a deep slump. The growth pace was the most rapid in 2018 when the average import price increased by 112%. Over the period under review, average import prices attained the maximum at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Morocco ($X per unit), while the price for China totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (-1.6%).

Source: IndexBox Platform