Indonesia: Household Sewing Machine Market 2024

Household Sewing Machine Market Size in Indonesia

In 2021, after two years of decline, there was growth in the Indonesian household sewing machine market, when its value increased by 2.3% to $X. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Household sewing machine consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Household Sewing Machine Exports

Exports from Indonesia

In 2021, overseas shipments of household sewing machines decreased by -56.4% to X units, falling for the second year in a row after two years of growth. In general, exports recorded a dramatic shrinkage. The pace of growth was the most pronounced in 2019 with an increase of 72% against the previous year. As a result, the exports reached the peak of X units. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, household sewing machine exports reduced remarkably to $X in 2021. Over the period under review, exports continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2017 with an increase of 50% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Hong Kong SAR (X units), Vietnam (X units) and Timor-Leste (X units) were the main destinations of household sewing machine exports from Indonesia, with a combined 84% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Hong Kong SAR (with a CAGR of -13.0%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for household sewing machine exported from Indonesia were Hong Kong SAR ($X), Vietnam ($X) and Timor-Leste ($X), together comprising 80% of total exports.

In terms of the main countries of destination, Hong Kong SAR, with a CAGR of -8.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average household sewing machine export price stood at $X per unit in 2021, increasing by 40% against the previous year. In general, the export price continues to indicate a resilient expansion. The pace of growth was the most pronounced in 2017 when the average export price increased by 95%. Over the period under review, the average export prices hit record highs in 2021 and is likely to continue growth in the near future.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the countries with the highest prices were Singapore ($X per unit) and South Korea ($X per unit), while the average price for exports to Hong Kong SAR ($X per unit) and Vietnam ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+13.9%), while the prices for the other major destinations experienced more modest paces of growth.

Household Sewing Machine Imports

Imports into Indonesia

In 2021, supplies from abroad of household sewing machines decreased by -11.9% to X units, falling for the third year in a row after three years of growth. In general, imports recorded a noticeable decline. The most prominent rate of growth was recorded in 2014 with an increase of 50% against the previous year. Imports peaked at X units in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, household sewing machine imports totaled $X in 2021. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 51%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of household sewing machine to Indonesia, accounting for a 69% share of total imports. Moreover, household sewing machine imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X units), threefold. The third position in this ranking was taken by South Korea (X units), with a 1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+6.5% per year) and South Korea (-27.7% per year).

In value terms, China ($X) constituted the largest supplier of household sewing machines to Indonesia, comprising 69% of total imports. The second position in the ranking was held by Vietnam ($X), with a 26% share of total imports. It was followed by South Korea, with a 1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+9.7% per year) and South Korea (-25.5% per year).

Import Prices by Country

In 2021, the average household sewing machine import price amounted to $X per unit, jumping by 18% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.0%. The pace of growth appeared the most rapid in 2017 an increase of 22%. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Singapore ($X per unit) and South Korea ($X per unit), while the price for China ($X per unit) and Vietnam ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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