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

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

In 2022, the Indian industrial sewing machines (non-automatic) market increased by 50% to $X, rising for the second consecutive year after two years of decline. Over the period under review, the total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +8.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +143.8% against 2020 indices. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

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

In value terms, industrial sewing machines (non-automatic) production amounted to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 1.3% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Industrial Sewing Machines (Non-Automatic)

Exports from India

In 2022, the amount of industrial sewing machines (non-automatic) exported from India declined dramatically to X units, which is down by -18.2% compared with the previous year. Over the period under review, exports, however, continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2016 when exports increased by 63% against the previous year. The exports peaked at X units in 2021, and then shrank remarkably in the following year.

In value terms, industrial sewing machines (non-automatic) exports contracted sharply to $X in 2022. Overall, exports, however, showed a resilient expansion. The pace of growth was the most pronounced in 2021 with an increase of 45%. As a result, the exports reached the peak of $X, and then dropped dramatically in the following year.

Exports by Country

Myanmar (X units), Nepal (X units) and the United Arab Emirates (X units) were the main destinations of industrial sewing machines (non-automatic) exports from India, with a combined 63% share of total exports. Bangladesh, Ethiopia, Tanzania, Egypt, Sri Lanka, Chad, Saudi Arabia, Kenya, Algeria and Singapore lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2022, the biggest increases were recorded for Ethiopia (with a CAGR of +58.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Myanmar ($X) and Nepal ($X) constituted the largest markets for industrial sewing machines (non-automatic) exported from India worldwide, together accounting for 38% of total exports. Ethiopia, Bangladesh, Sri Lanka, Egypt, Tanzania, Kenya, Chad, Saudi Arabia, Algeria and Singapore lagged somewhat behind, together accounting for a further 33%.

Among the main countries of destination, Chad, with a CAGR of +32.7%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average industrial sewing machines (non-automatic) export price amounted to $X per unit, rising by 2.3% against the previous year. Overall, the export price, however, continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2017 when the average export price increased by 8.9% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to Nepal ($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 Sri Lanka (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Industrial Sewing Machines (Non-Automatic)

Imports into India

In 2022, supplies from abroad of industrial sewing machines (non-automatic) increased by 55% to X units, rising for the second year in a row after two years of decline. In general, imports enjoyed a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, industrial sewing machines (non-automatic) imports surged to $X in 2022. Over the period under review, imports showed a resilient expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 102% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest supplier of industrial sewing machines (non-automatic) to India, with a 88% share of total imports. Moreover, industrial sewing machines (non-automatic) imports from China exceeded the figures recorded by the second-largest supplier, Singapore (X units), more than tenfold. Hong Kong SAR (X units) ranked third in terms of total imports with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +20.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+21.6% per year) and Hong Kong SAR (+29.9% per year).

In value terms, China ($X) constituted the largest supplier of industrial sewing machines (non-automatic) to India, comprising 59% of total imports. The second position in the ranking was taken by Singapore ($X), with a 20% share of total imports. It was followed by Hong Kong SAR, with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +13.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+20.3% per year) and Hong Kong SAR (+16.6% per year).

Import Prices by Country

The average industrial sewing machines (non-automatic) import price stood at $X per unit in 2022, which is down by -21.4% against the previous year. Overall, the import price showed a abrupt curtailment. The pace of growth was the most pronounced in 2021 an increase of 31% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+9.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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