Middle East: Industrial Sewing Machine Market 2024

Industrial Sewing Machine Market Size in the Middle East

In 2022, the Middle Eastern industrial sewing machine market decreased by -6.9% to $X, falling for the second consecutive year after four years of growth. Overall, consumption continues to indicate a slight decline. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Industrial Sewing Machine Production in the Middle East

In value terms, industrial sewing machine production declined dramatically to $X in 2022 estimated in export price. In general, production, however, saw temperate growth. The growth pace was 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 the Middle East

In 2022, approx. X units of industrial sewing machines were exported in the Middle East; increasing by 9.3% compared with the year before. Over the period under review, exports enjoyed a resilient increase. The growth pace was the most rapid in 2017 when exports increased by 102% 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 skyrocketed to $X in 2022. Overall, exports enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2015 when exports increased by 45% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

Turkey represented the major exporter of industrial sewing machines in the Middle East, with the volume of exports recording X units, which was approx. 84% of total exports in 2022. It was distantly followed by the United Arab Emirates (X units), generating a 13% share of total exports.

Turkey was also the fastest-growing in terms of the industrial sewing machines exports, with a CAGR of +8.5% from 2012 to 2022. At the same time, the United Arab Emirates (+2.5%) displayed positive paces of growth. While the share of Turkey (+11 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United Arab Emirates (-6.7 p.p.) displayed negative dynamics.

In value terms, Turkey ($X) remains the largest industrial sewing machine supplier in the Middle East, comprising 94% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 3.9% share of total exports.

In Turkey, industrial sewing machine exports expanded at an average annual rate of +13.8% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per unit, increasing by 7.9% against the previous year. In general, the export price posted measured growth. The pace of growth appeared the most rapid in 2020 when the export price increased by 207%. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in the near future.

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 stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+4.9%).

Industrial Sewing Machine Imports

Imports in the Middle East

In 2022, overseas purchases of industrial sewing machines decreased by -9% to X units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, showed a resilient expansion. The growth pace was the most rapid in 2021 with an increase of 49%. As a result, imports reached the peak of X units, and then fell in the following year.

In value terms, industrial sewing machine imports rose markedly to $X in 2022. Total imports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +4.2% 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 +98.2% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 36%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, the United Arab Emirates (X units), distantly followed by Turkey (X units), Iran (X units) and Iraq (X units) were the main importers of industrial sewing machines, together comprising 89% of total imports. Jordan (X units) and Yemen (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Yemen (with a CAGR of +26.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constitutes the largest market for imported industrial sewing machines in the Middle East, comprising 71% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with an 11% share of total imports. It was followed by Iran, with a 6.9% share.

From 2012 to 2022, the average annual growth rate of value in Turkey totaled +5.0%. In the other countries, the average annual rates were as follows: the United Arab Emirates (+5.8% per year) and Iran (-1.8% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per unit, surging by 23% against the previous year. Over the period under review, the import price, however, showed a perceptible decline. The most prominent rate of growth was recorded in 2018 an increase of 25% against the previous year. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the import prices remained at a somewhat 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 Iraq (-0.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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