Israel: Industrial Sewing Machine Market 2024

Industrial Sewing Machine Market Size in Israel

After two years of growth, the Israeli industrial sewing machine market decreased by -6.2% to $X in 2022. In general, the total consumption indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +96.1% against 2019 indices. Over the period under review, the market attained the peak level at $X in 2021, and then contracted in the following year.

Industrial Sewing Machine Exports

Exports from Israel

Industrial sewing machine exports from Israel skyrocketed to X units in 2022, growing by 489% on the previous year's figure. In general, exports saw prominent growth. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, industrial sewing machine exports soared to $X in 2022. Over the period under review, exports saw a relatively flat trend pattern. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Brazil (X units) was the main destination for industrial sewing machine exports from Israel, with a 89% share of total exports. Moreover, industrial sewing machine exports to Brazil exceeded the volume sent to the second major destination, South Africa (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Brazil stood at +44.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+25.9% per year) and Egypt (0.0% per year).

In value terms, Brazil ($X) remains the key foreign market for industrial sewing machines exports from Israel, comprising 67% of total exports. The second position in the ranking was taken by South Africa ($X), with a 14% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Brazil stood at +19.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+85.4% per year) and Egypt (+11.7% per year).

Export Prices by Country

The average industrial sewing machine export price stood at $X per unit in 2022, jumping by 124% against the previous year. Over the period under review, the export price, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2017 when the average export price increased by 204% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was South Africa ($X per unit), while the average price for exports to Brazil ($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 South Africa (+47.3%), while the prices for the other major destinations experienced mixed trend patterns.

Industrial Sewing Machine Imports

Imports into Israel

In 2022, purchases abroad of industrial sewing machines increased by 17% to X units, rising for the third consecutive year after four years of decline. In general, imports enjoyed resilient growth. The pace of growth appeared the most rapid in 2021 with an increase of 95%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, industrial sewing machine imports fell notably to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 90% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of industrial sewing machine to Israel, accounting for a 47% share of total imports. Moreover, industrial sewing machine imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), more than tenfold. The third position in this ranking was held by Singapore (X units), with a 1.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+2.6% per year) and Singapore (+5.4% per year).

In value terms, China ($X) constituted the largest supplier of industrial sewing machines to Israel, comprising 41% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 14% share of total imports. It was followed by Italy, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+15.3% per year) and Italy (+6.7% per year).

Import Prices by Country

In 2022, the average industrial sewing machine import price amounted to $X per unit, waning by -42.3% against the previous year. In general, the import price showed a abrupt decline. The most prominent rate of growth was recorded in 2015 an increase of 32% 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.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+12.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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