Jordan: Industrial Sewing Machine Market 2024

Industrial Sewing Machine Market Size in Jordan

The Jordanian industrial sewing machine market shrank significantly to $X in 2022, declining by -28.1% against the previous year. Over the period under review, consumption, however, enjoyed perceptible growth. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Industrial Sewing Machine Production in Jordan

In value terms, industrial sewing machine production dropped dramatically to $X in 2022 estimated in export price. In general, production, however, posted a moderate increase. The pace of growth was the most pronounced in 2017 when the production volume increased by 6,072% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Industrial Sewing Machine Exports

Exports from Jordan

Industrial sewing machine exports from Jordan reduced rapidly to X units in 2022, declining by -94.7% on 2021 figures. Overall, exports saw a deep setback. The most prominent rate of growth was recorded in 2017 when exports increased by 5,833%. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, industrial sewing machine exports reduced notably to $X in 2022. Over the period under review, exports showed a dramatic slump. The most prominent rate of growth was recorded in 2013 with an increase of 134% 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

Bangladesh (X units), Free Zones (X units) and Egypt (X units) were the main destinations of industrial sewing machine exports from Jordan, with a combined 78% 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 Bangladesh (with a CAGR of +27.1%), while the other leaders experienced mixed trend patterns.

In value terms, Free Zones ($X), Bangladesh ($X) and Egypt ($X) appeared to be the largest markets for industrial sewing machine exported from Jordan worldwide, together comprising 92% of total exports.

Bangladesh, with a CAGR of +28.3%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average industrial sewing machine export price amounted to $X per unit, with an increase of 5.7% against the previous year. Overall, 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 11,198%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a 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 Free Zones ($X per unit), while the average price for exports to Cambodia ($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 Egypt (+5.6%), while the prices for the other major destinations experienced mixed trend patterns.

Industrial Sewing Machine Imports

Imports into Jordan

In 2022, the amount of industrial sewing machines imported into Jordan rose significantly to X units, increasing by 13% on the year before. Over the period under review, imports showed a resilient increase. The pace of growth appeared the most rapid in 2020 with an increase of 77%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, industrial sewing machine imports expanded notably to $X in 2022. In general, total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +8.5% against 2019 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 62%. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest industrial sewing machine supplier to Jordan, accounting for a 76% share of total imports. Moreover, industrial sewing machine imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), sixfold. The third position in this ranking was held by Vietnam (X units), with a 3.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +17.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+10.4% per year) and Vietnam (+49.8% per year).

In value terms, China ($X) constituted the largest supplier of industrial sewing machines to Jordan, comprising 66% of total imports. The second position in the ranking was taken by Japan ($X), with a 15% share of total imports. It was followed by Taiwan (Chinese), with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +10.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+6.6% per year) and Taiwan (Chinese) (+1.9% per year).

Import Prices by Country

The average industrial sewing machine import price stood at $X per unit in 2022, shrinking by -5.5% against the previous year. In general, the import price saw a perceptible descent. The most prominent rate of growth was recorded in 2019 when the average import price increased by 26%. As a result, import price attained the peak level of $X per unit. From 2020 to 2022, the average import prices remained 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 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) (+7.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform