Northern America: Market for Industrial Automatic Sewing Machines 2024

Exports of Industrial Automatic Sewing Machines

Exports in Northern America

In 2022, overseas shipments of industrial automatic sewing machines increased by 9.4% to X units, rising for the second year in a row after two years of decline. Over the period under review, exports, however, showed a perceptible shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 19%. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, industrial automatic sewing machine exports rose rapidly to $X in 2022. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 14%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

In 2022, the United States (X units) was the major exporter of industrial automatic sewing machines, creating 90% of total exports. It was distantly followed by Canada (X units), comprising a 10% share of total exports.

Exports from the United States decreased at an average annual rate of -3.2% from 2012 to 2022. At the same time, Canada (+8.7%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +8.7% from 2012-2022. Canada (+6.7 p.p.) significantly strengthened its position in terms of the total exports, while the United States saw its share reduced by -6.7% from 2012 to 2022, respectively.

In value terms, the United States ($X) remains the largest industrial automatic sewing machine supplier in Northern America, comprising 85% of total exports. The second position in the ranking was taken by Canada ($X), with a 15% share of total exports.

In the United States, industrial automatic sewing machine exports decreased by an average annual rate of -1.3% over the period from 2012-2022.

Export Prices by Country

The export price in Northern America stood at $X per unit in 2022, flattening at the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2017 when the export price increased by 16%. The level of export peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Canada ($X per unit), while the United States totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.0%).

Imports of Industrial Automatic Sewing Machines

Imports in Northern America

In 2022, purchases abroad of industrial automatic sewing machines increased by 37% to X units, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 55%. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, industrial automatic sewing machine imports expanded markedly to $X in 2022. In general, imports, however, saw a mild shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 29%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

The United States represented the major importing country with an import of around X units, which resulted at 90% of total imports. It was distantly followed by Canada (X units), creating a 10% share of total imports.

Imports into the United States decreased at an average annual rate of -6.5% from 2012 to 2022. At the same time, Canada (+1.2%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of +1.2% from 2012-2022. While the share of Canada (+5.3 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the United States (-5.3 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported industrial automatic sewing machines in Northern America, comprising 93% of total imports. The second position in the ranking was held by Canada ($X), with a 7.3% share of total imports.

In the United States, industrial automatic sewing machine imports contracted by an average annual rate of -2.1% over the period from 2012-2022.

Import Prices by Country

The import price in Northern America stood at $X per unit in 2022, with a decrease of -20.8% against the previous year. Import price indicated a moderate increase from 2012 to 2022: its price 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, industrial automatic sewing machine import price decreased by -34.4% against 2020 indices. The most prominent rate of growth was recorded in 2013 an increase of 65% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while Canada totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.7%).

Source: IndexBox Platform

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