Middle East: Sewing Machine Needle Market 2024

Sewing Machine Needle Market Size in the Middle East

In 2022, the Middle Eastern sewing machine needle market increased by 75% to $X, rising for the second year in a row after three years of decline. In general, consumption posted a remarkable increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Sewing Machine Needle Production in the Middle East

In value terms, sewing machine needle production soared to $X in 2022 estimated in export price. In general, production recorded a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of 4,549% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Sewing Machine Needle Exports

Exports in the Middle East

In 2022, approx. X units of sewing machine needles were exported in the Middle East; increasing by 22% on 2021. Over the period under review, exports, however, saw a deep contraction. The most prominent rate of growth was recorded in 2016 with an increase of 257% against the previous year. The volume of export peaked at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, sewing machine needle exports surged to $X in 2022. In general, exports saw a modest expansion. The pace of growth appeared the most rapid in 2013 when exports increased by 108% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates represented the largest exporter of sewing machine needles in the Middle East, with the volume of exports finishing at X units, which was approx. 62% of total exports in 2022. It was distantly followed by Turkey (X units), achieving a 37% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Turkey (with a CAGR of +9.0%).

In value terms, Turkey ($X) and the United Arab Emirates ($X) constituted the countries with the highest levels of exports in 2022.

Turkey, with a CAGR of +5.8%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per thousand units, jumping by 21% against the previous year. Overall, the export price showed a buoyant expansion. The most prominent rate of growth was recorded in 2014 when the export price increased by 113% against the previous year. Over the period under review, the export prices attained the maximum at $X per thousand units in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkey ($X per thousand units), while the United Arab Emirates stood at $X per thousand units.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+6.1%).

Sewing Machine Needle Imports

Imports in the Middle East

In 2022, purchases abroad of sewing machine needles increased by 110% to X units, rising for the second consecutive year after five years of decline. In general, imports recorded a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, sewing machine needle imports shrank to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 43%. As a result, imports reached the peak of $X, and then reduced in the following year.

Imports by Country

In 2022, the United Arab Emirates (X units) was the largest importer of sewing machine needles, constituting 71% of total imports. It was distantly followed by Turkey (X units) and Iran (X units), together achieving a 26% share of total imports.

The United Arab Emirates was also the fastest-growing in terms of the sewing machine needles imports, with a CAGR of +15.4% from 2012 to 2022. At the same time, Turkey (+4.4%) displayed positive paces of growth. By contrast, Iran (-10.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United Arab Emirates increased by +40 percentage points.

In value terms, the largest sewing machine needle importing markets in the Middle East were Turkey ($X), the United Arab Emirates ($X) and Iran ($X), together comprising 90% of total imports.

Among the main importing countries, the United Arab Emirates, with a CAGR of +2.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per thousand units, with a decrease of -55.8% against the previous year. Over the period under review, the import price recorded a abrupt descent. The pace of growth was the most pronounced in 2017 when the import price increased by 29%. Over the period under review, import prices attained the peak figure at $X per thousand units in 2020; however, from 2021 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 ($X per thousand units), while Iran ($X per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (-3.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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