MENA: Industrial Sewing Machine Market 2024

Industrial Sewing Machine Market Size in MENA

In 2022, the MENA's industrial sewing machine market decreased by -10% to $X, falling for the second year in a row after four years of growth. Over the period under review, consumption continues to indicate a slight decrease. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Industrial Sewing Machine Production in MENA

In value terms, industrial sewing machine production reduced sharply to $X in 2022 estimated in export price. Overall, production, however, saw a temperate increase. The pace of growth appeared the most rapid in 2017 with an increase of 401%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Industrial Sewing Machine Exports

Exports in MENA

In 2022, approx. X units of industrial sewing machines were exported in MENA; with an increase of 12% on the previous year. In general, exports recorded a prominent expansion. The growth pace was the most rapid in 2017 with an increase of 85% against the previous year. The volume of export peaked at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, industrial sewing machine exports surged to $X in 2022. Over the period under review, exports showed a resilient expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 37% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Turkey was the main exporter of industrial sewing machines in MENA, with the volume of exports amounting to X units, which was near 79% of total exports in 2022. It was distantly followed by the United Arab Emirates (X units), comprising a 12% share of total exports. The following exporters - Tunisia (X units) and Egypt (X units) - each resulted at a 4.3% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to industrial sewing machine exports from Turkey stood at +8.5%. At the same time, Egypt (+16.2%) and the United Arab Emirates (+2.5%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing exporter exported in MENA, with a CAGR of +16.2% from 2012-2022. By contrast, Tunisia (-8.6%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Turkey increased by +17 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest industrial sewing machine supplier in MENA, comprising 93% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 3.8% share of total exports. It was followed by Tunisia, with a 1.2% share.

From 2012 to 2022, the average annual growth rate of value in Turkey stood at +13.8%. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (-1.9% per year) and Tunisia (-12.1% per year).

Export Prices by Country

The export price in MENA stood at $X per unit in 2022, increasing by 3.7% against the previous year. In general, the export price saw a tangible expansion. The pace of growth was the most pronounced in 2020 when the export price increased by 195%. Over the period under review, the export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per unit), while Egypt ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+4.9%), while the other leaders experienced a decline in the export price figures.

Industrial Sewing Machine Imports

Imports in MENA

In 2022, approx. X units of industrial sewing machines were imported in MENA; with a decrease of -23.1% compared with the previous year. Total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +6.5% 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 +27.9% against 2017 indices. The pace of growth appeared the most rapid in 2014 with an increase of 32% against the previous year. The volume of import peaked at X units in 2021, and then reduced dramatically in the following year.

In value terms, industrial sewing machine imports expanded slightly to $X in 2022. Total imports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +3.7% 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 +30.3% against 2018 indices. The pace of growth appeared the most rapid in 2021 with an increase of 29%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

In 2022, the United Arab Emirates (X units), distantly followed by Turkey (X units), Egypt (X units), Iran (X units) and Algeria (X units) represented the major importers of industrial sewing machines, together generating 80% of total imports. Iraq (X units) and Morocco (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Iraq (with a CAGR of +15.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constitutes the largest market for imported industrial sewing machines in MENA, comprising 55% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with an 8.3% share of total imports. It was followed by Morocco, with a 7.1% share.

In Turkey, industrial sewing machine imports expanded at an average annual rate of +5.0% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (+5.8% per year) and Morocco (+7.3% per year).

Import Prices by Country

The import price in MENA stood at $X per unit in 2022, growing by 32% against the previous year. Over the period under review, the import price, however, showed a noticeable setback. Over the period under review, import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Turkey ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (+1.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform