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

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

The Ethiopian industrial sewing machines (non-automatic) market was finally on the rise to reach $X in 2022, after three years of decline. Overall, consumption continues to indicate buoyant growth. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Exports of Industrial Sewing Machines (Non-Automatic)

Exports from Ethiopia

In 2022, shipments abroad of industrial sewing machines (non-automatic) decreased by -6.8% to X units, falling for the second consecutive year after two years of growth. Overall, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2019 when exports increased by 1,764% against the previous year. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, industrial sewing machines (non-automatic) exports totaled $X in 2022. In general, exports, however, enjoyed a significant increase. The growth pace was the most rapid in 2016 when exports increased by 29,884% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X units) was the main destination for industrial sewing machines (non-automatic) exports from Ethiopia, accounting for a 90% share of total exports. Moreover, industrial sewing machines (non-automatic) exports to Germany exceeded the volume sent to the second major destination, Kenya (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled +60.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kenya (+19.6% per year) and Tanzania (+7.2% per year).

In value terms, Germany ($X) emerged as the key foreign market for industrial sewing machines (non-automatic) exports from Ethiopia, comprising 97% of total exports. The second position in the ranking was taken by Kenya ($X), with a 2.3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany totaled +101.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kenya (+30.8% per year) and Tanzania (+74.8% per year).

Export Prices by Country

The average industrial sewing machines (non-automatic) export price stood at $X per unit in 2022, growing by 7.9% against the previous year. Over the period under review, the export price continues to indicate significant growth. The most prominent rate of growth was recorded in 2016 when the average export price increased by 3,376% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Tanzania ($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 Cambodia (+1,010.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Industrial Sewing Machines (Non-Automatic)

Imports into Ethiopia

In 2022, industrial sewing machines (non-automatic) imports into Ethiopia surged to X units, jumping by 33% on the previous year. Over the period under review, imports posted buoyant growth. The pace of growth appeared the most rapid in 2014 when imports increased by 222% against the previous year. Imports peaked at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, industrial sewing machines (non-automatic) imports soared to $X in 2022. In general, imports recorded a buoyant increase. The most prominent rate of growth was recorded in 2015 with an increase of 185%. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units), India (X units) and Hong Kong SAR (X units) were the main suppliers of industrial sewing machines (non-automatic) imports to Ethiopia, with a combined 81% share of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +49.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest industrial sewing machines (non-automatic) suppliers to Ethiopia were China ($X), Hong Kong SAR ($X) and Vietnam ($X), together accounting for 62% of total imports.

Hong Kong SAR, with a CAGR of +57.3%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average industrial sewing machines (non-automatic) import price amounted to $X per unit, surging by 5.4% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 64% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+12.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform