GCC: Household Sewing Machine Market 2024

Household Sewing Machine Market Size in GCC

For the third consecutive year, the GCC household sewing machine market recorded growth in sales value, which increased by 22% to $X in 2021. In general, consumption saw a relatively flat trend pattern. The level of consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Household Sewing Machine Production in GCC

In value terms, household sewing machine production stood at $X in 2021 estimated in export price. Overall, production, however, recorded a pronounced increase. The pace of growth appeared the most rapid in 2017 when the production volume increased by 39% against the previous year. The level of production peaked at $X in 2019; afterwards, it flattened through to 2021.

Household Sewing Machine Exports

Exports in GCC

Household sewing machine exports rose notably to X units in 2021, surging by 12% on 2020. Total exports indicated a perceptible increase from 2012 to 2021: its volume 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, exports decreased by -20.0% against 2017 indices. The pace of growth was the most pronounced in 2016 when exports increased by 51%. The volume of export peaked at X units in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, household sewing machine exports skyrocketed to $X in 2021. Overall, exports saw temperate growth. The most prominent rate of growth was recorded in 2014 when exports increased by 91%. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates prevails in exports structure, accounting for X units, which was near 95% of total exports in 2021. Oman (X units) followed a long way behind the leaders.

The United Arab Emirates was also the fastest-growing in terms of the household sewing machines exports, with a CAGR of +4.7% from 2012 to 2021. Oman (-4.9%) illustrated a downward trend over the same period. The United Arab Emirates (+5.2 p.p.) significantly strengthened its position in terms of the total exports, while Oman saw its share reduced by -5% from 2012 to 2021, respectively.

In value terms, the United Arab Emirates ($X) remains the largest household sewing machine supplier in GCC, comprising 90% of total exports. The second position in the ranking was held by Oman ($X), with an 8.6% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United Arab Emirates amounted to +4.1%.

Export Prices by Country

The export price in GCC stood at $X per unit in 2021, jumping by 27% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the export price increased by 38% against the previous year. The level of export peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

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 Oman ($X per unit), while the United Arab Emirates amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Oman (+13.6%).

Household Sewing Machine Imports

Imports in GCC

In 2021, overseas purchases of household sewing machines increased by 25% to X units, rising for the third consecutive year after three years of decline. In general, imports, however, recorded a slight decline. Over the period under review, imports reached the peak figure at X units in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, household sewing machine imports soared to $X in 2021. Overall, imports, however, continue to indicate a relatively flat trend pattern. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

The United Arab Emirates dominates imports structure, recording X units, which was approx. 85% of total imports in 2021. It was distantly followed by Qatar (X units), comprising a 7.9% share of total imports. The following importers - Oman (X units) and Bahrain (X units) - together made up 5.3% of total imports.

From 2012 to 2021, average annual rates of growth with regard to household sewing machine imports into the United Arab Emirates stood at +2.5%. At the same time, Bahrain (+10.7%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing importer imported in GCC, with a CAGR of +10.7% from 2012-2021. By contrast, Oman (-3.3%) and Qatar (-12.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United Arab Emirates increased by +24 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported household sewing machines in GCC, comprising 89% of total imports. The second position in the ranking was held by Oman ($X), with a 6.2% share of total imports. It was followed by Qatar, with a 2.2% share.

In the United Arab Emirates, household sewing machine imports remained relatively stable over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Oman (+3.4% per year) and Qatar (-1.8% per year).

Import Prices by Country

In 2021, the import price in GCC amounted to $X per unit, rising by 13% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2014 when the import price increased by 16%. As a result, import price attained the peak level of $X per unit. From 2015 to 2021, the import prices remained at a somewhat 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 Oman ($X per unit), while Qatar ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Qatar (+12.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform