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

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

The GCC industrial sewing machines (non-automatic) market declined sharply to $X in 2022, dropping by -75.9% against the previous year. Over the period under review, consumption saw a dramatic downturn. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Production of Industrial Sewing Machines (Non-Automatic) in GCC

In value terms, industrial sewing machines (non-automatic) production dropped notably to $X in 2022 estimated in export price. In general, production, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2019 when the production volume increased by 2,134,012,433%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Exports of Industrial Sewing Machines (Non-Automatic)

Exports in GCC

In 2022, approx. X units of industrial sewing machines (non-automatic) were exported in GCC; reducing by -17.2% against 2021 figures. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 186%. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, industrial sewing machines (non-automatic) exports dropped slightly to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when exports increased by 208%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United Arab Emirates dominates exports structure, accounting for X units, which was approx. 96% of total exports in 2022. Kuwait (X units) followed a long way behind the leaders.

The United Arab Emirates experienced a relatively flat trend pattern with regard to volume of exports of industrial sewing machines (non-automatic). Kuwait (-1.4%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest industrial sewing machines (non-automatic) supplier in GCC, comprising 96% of total exports. The second position in the ranking was taken by Kuwait ($X), with a 1% share of total exports.

In the United Arab Emirates, industrial sewing machines (non-automatic) exports increased at an average annual rate of +2.9% over the period from 2012-2022.

Export Prices by Country

The export price in GCC stood at $X per unit in 2022, picking up by 17% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the export price increased by 34%. As a result, the export price reached the peak level of $X per unit. From 2021 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while Kuwait totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+2.2%).

Imports of Industrial Sewing Machines (Non-Automatic)

Imports in GCC

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 -16% to X units. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 71%. The volume of import peaked at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, industrial sewing machines (non-automatic) imports shrank rapidly to $X in 2022. In general, imports showed a noticeable decrease. The most prominent rate of growth was recorded in 2013 with an increase of 24%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

The United Arab Emirates prevails in imports structure, recording X units, which was near 94% of total imports in 2022. Qatar (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to industrial sewing machines (non-automatic) imports into the United Arab Emirates stood at +7.5%. At the same time, Qatar (+55.7%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in GCC, with a CAGR of +55.7% from 2012-2022. While the share of the United Arab Emirates (+46 p.p.) and Qatar (+2.9 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported industrial sewing machines (non-automatic) in GCC, comprising 86% of total imports. The second position in the ranking was held by Qatar ($X), with a 4.2% share of total imports.

In the United Arab Emirates, industrial sewing machines (non-automatic) imports declined by an average annual rate of -1.8% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in GCC amounted to $X per unit, shrinking by -3.1% against the previous year. Overall, the import price recorded a drastic downturn. The growth pace was the most rapid in 2016 when the import price increased by 16%. The level of import peaked at $X per unit in 2017; however, from 2018 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 Qatar ($X per unit), while the United Arab Emirates stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-8.7%).

Source: IndexBox Platform