Ireland: Industrial Sewing Machine Market 2024

Industrial Sewing Machine Market Size in Ireland

In 2022, the Irish industrial sewing machine market increased by 155% to $X, rising for the second consecutive year after seven years of decline. In general, consumption recorded measured growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Industrial Sewing Machine Production in Ireland

In value terms, industrial sewing machine production reduced slightly to $X in 2022 estimated in export price. In general, production, however, showed a abrupt curtailment. The pace of growth appeared the most rapid in 2013 with an increase of 15%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Industrial Sewing Machine Exports

Exports from Ireland

In 2022, industrial sewing machine exports from Ireland amounted to X units, approximately equating 2021. In general, exports showed a strong increase. The most prominent rate of growth was recorded in 2017 when exports increased by 5,750% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, industrial sewing machine exports totaled $X in 2022. Overall, exports recorded a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of 1,695%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

The UK (X units) was the main destination for industrial sewing machine exports from Ireland, accounting for a 64% share of total exports. Moreover, industrial sewing machine exports to the UK exceeded the volume sent to the second major destination, the United States (X units), fivefold. Hong Kong SAR (X units) ranked third in terms of total exports with a 7.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK stood at +30.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-2.0% per year) and Hong Kong SAR (0.0% per year).

In value terms, the United States ($X), the UK ($X) and Hong Kong SAR ($X) constituted the largest markets for industrial sewing machine exported from Ireland worldwide, with a combined 72% share of total exports.

In terms of the main countries of destination, the UK, with a CAGR of +26.5%, 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

The average industrial sewing machine export price stood at $X per unit in 2022, almost unchanged from the previous year. In general, the export price showed mild growth. The pace of growth appeared the most rapid in 2020 when the average export price increased by 212%. Over the period under review, the average export prices reached the maximum at $X per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: 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 Switzerland (+20.0%), while the prices for the other major destinations experienced mixed trend patterns.

Industrial Sewing Machine Imports

Imports into Ireland

For the third consecutive year, Ireland recorded decline in supplies from abroad of industrial sewing machines, which decreased by 0% to X units in 2022. Over the period under review, imports showed significant growth. The growth pace was the most rapid in 2013 when imports increased by 274%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, industrial sewing machine imports amounted to $X in 2022. Overall, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 406% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Germany (X units) constituted the largest industrial sewing machine supplier to Ireland, accounting for a 76% share of total imports. Moreover, industrial sewing machine imports from Germany exceeded the figures recorded by the second-largest supplier, Vietnam (X units), fivefold. The UK (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 Germany totaled +103.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+524.2% per year) and the UK (+79.4% per year).

In value terms, the UK ($X) constituted the largest supplier of industrial sewing machines to Ireland, comprising 64% of total imports. The second position in the ranking was taken by Germany ($X), with a 15% share of total imports. It was followed by China, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the UK stood at +92.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+26.7% per year) and China (+35.8% per year).

Import Prices by Country

The average industrial sewing machine import price stood at $X per unit in 2022, approximately mirroring the previous year. In general, the import price showed a precipitous setback. The most prominent rate of growth was recorded in 2013 an increase of 35%. The import price peaked at $X per unit in 2017; however, from 2018 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 (+7.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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