Iran: Household Sewing Machine Market 2024

Household Sewing Machine Market Size in Iran

The Iranian household sewing machine market dropped modestly to $X in 2021, with a decrease of -4.3% against the previous year. Overall, consumption, however, saw a mild contraction. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Household Sewing Machine Production in Iran

In value terms, household sewing machine production reduced modestly to $X in 2021 estimated in export price. Over the period under review, production enjoyed temperate growth. The most prominent rate of growth was recorded in 2014 with an increase of 111% against the previous year. Household sewing machine production peaked at $X in 2020, and then declined in the following year.

Household Sewing Machine Exports

Exports from Iran

In 2021, the amount of household sewing machines exported from Iran declined to X units, stabilizing at the year before. Over the period under review, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2018 when exports increased by 170%. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, household sewing machine exports amounted to $X in 2021. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 218%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units) was the main destination for household sewing machine exports from Iran, with a 91% share of total exports. Moreover, household sewing machine exports to Germany exceeded the volume sent to the second major destination, the United Arab Emirates (X units), more than tenfold. The Czech Republic (X units) ranked third in terms of total exports with a 4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany totaled -7.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+62.3% per year) and the Czech Republic (+62.0% per year).

In value terms, Germany ($X) remains the key foreign market for household sewing machines exports from Iran, comprising 90% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a 5.8% share of total exports. It was followed by the United Arab Emirates, with a 2.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany stood at +1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+70.5% per year) and the United Arab Emirates (+72.0% per year).

Export Prices by Country

In 2021, the average household sewing machine export price amounted to $X per unit, picking up by 6.6% against the previous year. In general, the export price recorded strong growth. The pace of growth was the most pronounced in 2013 when the average export price increased by 88% against the previous year. The export price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the Czech Republic ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.

Household Sewing Machine Imports

Imports into Iran

For the third consecutive year, Iran recorded decline in overseas purchases of household sewing machines, which decreased by -32.5% to X units in 2021. In general, imports recorded a dramatic contraction. The growth pace was the most rapid in 2018 with an increase of 382%. Over the period under review, imports attained the maximum at X units in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, household sewing machine imports rose markedly to $X in 2021. Over the period under review, imports continue to indicate a precipitous descent. The growth pace was the most rapid in 2018 with an increase of 388%. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

China (X units), the United Arab Emirates (X units) and India (X units) were the main suppliers of household sewing machine imports to Iran, with a combined 92% share of total imports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +16.2%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, China ($X), the United Arab Emirates ($X) and Turkey ($X) constituted the largest household sewing machine suppliers to Iran, together accounting for 83% of total imports. These countries were followed by Oman and India, which together accounted for a further 16%.

In terms of the main suppliers, Oman, with a CAGR of +5.7%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average household sewing machine import price stood at $X per unit in 2021, picking up by 57% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Turkey ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Oman (+17.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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