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

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

In 2022, after two years of growth, there was significant decline in the MENA's industrial sewing machines (non-automatic) market, when its value decreased by -6% to $X. In general, consumption faced a dramatic shrinkage. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, industrial sewing machines (non-automatic) production dropped to $X in 2022 estimated in export price. The total production 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, production decreased by -24.9% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 68%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Industrial Sewing Machines (Non-Automatic)

Exports in MENA

Industrial sewing machines (non-automatic) exports expanded slightly to X units in 2022, picking up by 4.8% compared with 2021 figures. Overall, exports posted measured growth. The growth pace was the most rapid in 2017 with an increase of 191%. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, industrial sewing machines (non-automatic) exports soared to $X in 2022. Total exports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +50.7% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 31%. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Turkey dominates exports structure, amounting to X units, which was approx. 87% of total exports in 2022. It was distantly followed by the United Arab Emirates (X units), creating a 7.2% share of total exports. Tunisia (X units) followed a long way behind the leaders.

Turkey was also the fastest-growing in terms of the industrial sewing machines (non-automatic) exports, with a CAGR of +7.6% from 2012 to 2022. The United Arab Emirates experienced a relatively flat trend pattern. Tunisia (-8.7%) illustrated a downward trend over the same period. Turkey (+21 p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates and Tunisia saw its share reduced by -3.5% and -8.6% from 2012 to 2022, respectively.

In value terms, Turkey ($X) remains the largest industrial sewing machines (non-automatic) supplier in MENA, comprising 93% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 3.2% share of total exports.

In Turkey, industrial sewing machines (non-automatic) exports increased at an average annual rate of +10.5% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (+2.9% per year) and Tunisia (-13.9% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per unit, increasing by 12% against the previous year. Overall, the export price continues to indicate a slight increase. The pace of growth was the most pronounced in 2020 when the export price increased by 205%. Over the period under review, the export prices hit record highs in 2022 and is likely to continue 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 ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+2.7%), while the other leaders experienced mixed trends in the export price figures.

Imports of Industrial Sewing Machines (Non-Automatic)

Imports in MENA

Industrial sewing machines (non-automatic) imports declined modestly to X units in 2022, dropping by -3.3% against the year before. Total imports indicated a perceptible expansion from 2012 to 2022: its volume increased at an average annual rate of +3.5% 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 -23.8% against 2018 indices. The pace of growth was the most pronounced in 2014 with an increase of 33%. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, industrial sewing machines (non-automatic) imports expanded remarkably to $X in 2022. The total import value increased at an average annual rate of +2.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 21%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Turkey (X units) represented the major importer of industrial sewing machines (non-automatic), making up 35% of total imports. The United Arab Emirates (X units) held the second position in the ranking, distantly followed by Egypt (X units), Algeria (X units), Iran (X units) and Morocco (X units). All these countries together held approx. 49% share of total imports. Jordan (X units) held a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Jordan (with a CAGR of +8.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constitutes the largest market for imported industrial sewing machines (non-automatic) in MENA, comprising 64% of total imports. The second position in the ranking was held by Morocco ($X), with a 9% share of total imports. It was followed by the United Arab Emirates, with a 3.8% share.

From 2012 to 2022, the average annual growth rate of value in Turkey amounted to +4.6%. The remaining importing countries recorded the following average annual rates of imports growth: Morocco (+7.6% per year) and the United Arab Emirates (-1.8% per year).

Import Prices by Country

In 2022, the import price in MENA amounted to $X per unit, with an increase of 17% against the previous year. In general, the import price, however, showed a slight descent. The pace of growth appeared the most rapid in 2021 when the import price increased by 28% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Morocco ($X per unit), while the United Arab Emirates ($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 (+3.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform