Indonesia: Industrial Sewing Machine Market 2024

Industrial Sewing Machine Market Size in Indonesia

The Indonesian industrial sewing machine market surged to $X in 2022, with an increase of 143% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a prominent expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Industrial Sewing Machine Exports

Exports from Indonesia

In 2022, the amount of industrial sewing machines exported from Indonesia surged to X units, jumping by 33% compared with 2021 figures. Overall, exports, however, recorded a deep reduction. The pace of growth appeared the most rapid in 2015 with an increase of 163% against the previous year. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, industrial sewing machine exports soared to $X in 2022. Over the period under review, exports, however, recorded a mild reduction. The most prominent rate of growth was recorded in 2017 when exports increased by 311% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Malaysia (X units), Germany (X units) and Vietnam (X units) were the main destinations of industrial sewing machine exports from Indonesia, together accounting for 33% of total exports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +13.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) emerged as the key foreign market for industrial sewing machines exports from Indonesia, comprising 19% of total exports. The second position in the ranking was taken by Malaysia ($X), with an 8.4% share of total exports. It was followed by Bangladesh, with an 8.3% share.

From 2012 to 2022, the average annual growth rate of value to Vietnam stood at +1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+1.1% per year) and Bangladesh (+16.5% per year).

Export Prices by Country

The average industrial sewing machine export price stood at $X per unit in 2022, with an increase of 11% against the previous year. Over the period under review, the export price showed a prominent increase. The most prominent rate of growth was recorded in 2018 an increase of 91%. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per unit), while the average price for exports to the United Arab Emirates ($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 the United States (+18.4%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Sewing Machine Imports

Imports into Indonesia

In 2022, the amount of industrial sewing machines imported into Indonesia surged to X units, increasing by 218% compared with 2021. Overall, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, industrial sewing machine imports soared to $X in 2022. Over the period under review, imports saw a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 78%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Singapore (X units) constituted the largest supplier of industrial sewing machine to Indonesia, with a 62% share of total imports. Moreover, industrial sewing machine imports from Singapore exceeded the figures recorded by the second-largest supplier, China (X units), twofold. Hong Kong SAR (X units) ranked third in terms of total imports with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Singapore stood at +36.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+10.0% per year) and Hong Kong SAR (+28.8% per year).

In value terms, China ($X) constituted the largest supplier of industrial sewing machines to Indonesia, comprising 49% of total imports. The second position in the ranking was held by Singapore ($X), with a 15% share of total imports. It was followed by South Korea, with a 9.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +16.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+4.7% per year) and South Korea (+8.4% per year).

Import Prices by Country

The average industrial sewing machine import price stood at $X per unit in 2022, waning by -45% against the previous year. Over the period under review, the import price saw a abrupt setback. The pace of growth appeared the most rapid in 2016 when the average import price increased by 33% against the previous year. The import price peaked at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per unit), while the price for Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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