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

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

The Pakistani industrial sewing machines (non-automatic) market shrank dramatically to $X in 2022, falling by -45.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, saw tangible growth. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Exports of Industrial Sewing Machines (Non-Automatic)

Exports from Pakistan

After two years of decline, shipments abroad of industrial sewing machines (non-automatic) increased by 368% to X units in 2022. Over the period under review, exports enjoyed a resilient increase. Over the period under review, the exports reached the peak figure at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, industrial sewing machines (non-automatic) exports skyrocketed to $X in 2022. Overall, exports showed a relatively flat trend pattern. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Thailand (X units), Turkey (X units) and Germany (X units) were the main destinations of industrial sewing machines (non-automatic) exports from Pakistan, with a combined 93% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +74.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for industrial sewing machines (non-automatic) exported from Pakistan were Germany ($X), Thailand ($X) and Turkey ($X), with a combined 89% share of total exports.

Germany, with a CAGR of +35.5%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average industrial sewing machines (non-automatic) export price amounted to $X per unit, increasing by 2.5% against the previous year. Over the period under review, the export price, however, saw a abrupt decrease. The pace of growth was the most pronounced in 2018 an increase of 124% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+41.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Industrial Sewing Machines (Non-Automatic)

Imports into Pakistan

In 2022, the amount of industrial sewing machines (non-automatic) imported into Pakistan reduced markedly to X units, which is down by -40.5% against 2021. Overall, imports, however, saw a temperate increase. The most prominent rate of growth was recorded in 2021 when imports increased by 85%. Imports peaked at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, industrial sewing machines (non-automatic) imports reduced sharply to $X in 2022. Over the period under review, imports, however, recorded notable growth. The pace of growth appeared the most rapid in 2014 when imports increased by 89% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then reduced sharply in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of industrial sewing machines (non-automatic) to Pakistan, accounting for a 67% share of total imports. Moreover, industrial sewing machines (non-automatic) imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), fourfold. The third position in this ranking was held by Taiwan (Chinese) (X units), with a 4.5% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+0.2% per year) and Taiwan (Chinese) (+0.9% per year).

In value terms, China ($X) constituted the largest supplier of industrial sewing machines (non-automatic) to Pakistan, comprising 73% of total imports. The second position in the ranking was held by Japan ($X), with an 11% share of total imports. It was followed by Taiwan (Chinese), with a 5.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-7.1% per year) and Taiwan (Chinese) (+1.2% per year).

Import Prices by Country

In 2022, the average industrial sewing machines (non-automatic) import price amounted to $X per unit, with a decrease of -10.9% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 72% against the previous year. As a result, import price attained the peak level of $X per unit. From 2021 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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