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

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

The Jordanian industrial sewing machines (non-automatic) market expanded modestly to $X in 2022, with an increase of 3.3% against the previous year. In general, the total consumption indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -4.4% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

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

In value terms, industrial sewing machines (non-automatic) production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.4% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of 5.3% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Industrial Sewing Machines (Non-Automatic)

Exports from Jordan

In 2022, the amount of industrial sewing machines (non-automatic) exported from Jordan plummeted to X units, which is down by -97.6% on the previous year. In general, exports saw a sharp decline. The pace of growth appeared the most rapid in 2017 with an increase of 15,520% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, industrial sewing machines (non-automatic) exports declined dramatically to $X in 2022. Overall, exports recorded a sharp curtailment. The pace of growth appeared the most rapid in 2013 when exports increased by 135% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Free Zones (X units), Egypt (X units) and Iraq (X units) were the main destinations of industrial sewing machines (non-automatic) exports from Jordan.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Iraq (with a CAGR of 0.0%), while the other leaders experienced a decline.

In value terms, Free Zones ($X) emerged as the key foreign market for industrial sewing machines (non-automatic) exports from Jordan, comprising 76% of total exports. The second position in the ranking was held by Egypt ($X), with a 16% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Free Zones totaled -24.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (-24.6% per year) and Iraq (-11.0% per year).

Export Prices by Country

In 2022, the average industrial sewing machines (non-automatic) export price amounted to $X per unit, growing by 34% against the previous year. Over the period under review, the export price, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2020 when the average export price increased by 12,643%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 Free Zones ($X per unit), while the average price for exports to Egypt ($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 Bangladesh (+7,561.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Industrial Sewing Machines (Non-Automatic)

Imports into Jordan

In 2022, approx. X units of industrial sewing machines (non-automatic) were imported into Jordan; growing by 13% compared with the previous year. In general, imports saw a strong expansion. The most prominent rate of growth was recorded in 2020 with an increase of 128%. As a result, imports reached the peak of X units. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, industrial sewing machines (non-automatic) imports soared to $X in 2022. Overall, total imports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -3.8% against 2020 indices. The pace of growth was the most pronounced in 2020 when imports increased by 77%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest industrial sewing machines (non-automatic) supplier to Jordan, accounting for a 68% share of total imports. Moreover, industrial sewing machines (non-automatic) imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), fourfold. The third position in this ranking was taken by Vietnam (X units), with a 5.3% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +12.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+10.4% per year) and Vietnam (+54.0% per year).

In value terms, China ($X) constituted the largest supplier of industrial sewing machines (non-automatic) to Jordan, comprising 67% of total imports. The second position in the ranking was held by Japan ($X), with an 18% share of total imports. It was followed by Vietnam, with a 4.8% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+6.6% per year) and Vietnam (+47.4% per year).

Import Prices by Country

The average industrial sewing machines (non-automatic) import price stood at $X per unit in 2022, surging by 5.2% against the previous year. Over the period under review, the import price, however, saw a perceptible decline. The most prominent rate of growth was recorded in 2021 an increase of 13%. The import price peaked at $X per unit in 2012; however, from 2013 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 Germany ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform