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

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

In 2022, the Irish industrial sewing machines (non-automatic) market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption enjoyed significant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

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

In value terms, industrial sewing machines (non-automatic) production reduced to $X in 2022 estimated in export price. In general, production, however, saw a noticeable downturn. The most prominent rate of growth was recorded in 2021 when the production volume increased by 18% against the previous year. Industrial sewing machines (non-automatic) production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Exports of Industrial Sewing Machines (Non-Automatic)

Exports from Ireland

In 2022, overseas shipments of industrial sewing machines (non-automatic) decreased by 0% to X units, falling for the fifth year in a row after two years of decline. In general, exports saw significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by 9,350%. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, industrial sewing machines (non-automatic) exports totaled $X in 2022. Overall, exports posted significant growth. The pace of growth was the most pronounced in 2014 with an increase of 10,533%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

The UK (X units), the United States (X units) and Hong Kong SAR (X units) were the main destinations of industrial sewing machines (non-automatic) exports from Ireland, with a combined 75% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +27.7%), while the other leaders experienced more modest paces of growth.

It was followed by Qatar, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +141.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (0.0% per year) and Qatar (0.0% per year).

Export Prices by Country

In 2022, the average industrial sewing machines (non-automatic) export price amounted to $X per unit, approximately reflecting the previous year. In general, the export price recorded a significant expansion. The growth pace was the most rapid in 2014 when the average export price increased by 5,217%. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to the UK ($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 (+89.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Industrial Sewing Machines (Non-Automatic)

Imports into Ireland

In 2022, supplies from abroad of industrial sewing machines (non-automatic) decreased by 0% to X units, falling for the second year in a row after two years of growth. Overall, imports saw a significant increase. The pace of growth appeared the most rapid in 2015 when imports increased by 1,125%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, industrial sewing machines (non-automatic) imports amounted to $X in 2022. In general, imports enjoyed significant growth. The pace of growth was the most pronounced in 2013 when imports increased by 2,044%. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of industrial sewing machines (non-automatic) to Ireland, with a 77% share of total imports. Moreover, industrial sewing machines (non-automatic) imports from Germany exceeded the figures recorded by the second-largest supplier, Vietnam (X units), fivefold. The third position in this ranking was held by China (X units), with a 3.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled +89.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+639.7% per year) and China (+74.0% per year).

In value terms, the largest industrial sewing machines (non-automatic) suppliers to Ireland were the UK ($X), Germany ($X) and China ($X), with a combined 91% share of total imports. Vietnam and Turkey lagged somewhat behind, together accounting for a further 5.5%.

Vietnam, with a CAGR of +154.8%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average industrial sewing machines (non-automatic) import price amounted to $X per unit, approximately mirroring the previous year. Over the period under review, the import price continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2013 when the average import price increased by 395%. Over the period under review, average import prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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 the UK ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+5.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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