SADC: Household Sewing Machine Market 2024

Household Sewing Machine Market Size in SADC

In 2021, the SADC household sewing machine market increased by 19% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +1.3% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Household Sewing Machine Production in SADC

In value terms, household sewing machine production fell to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 33% against the previous year. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Household Sewing Machine Exports

Exports in SADC

In 2021, shipments abroad of household sewing machines increased by 37% to X units, rising for the second consecutive year after six years of decline. Overall, exports, however, showed a noticeable downturn. Over the period under review, the exports attained the peak figure at X units in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, household sewing machine exports skyrocketed to $X in 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

The biggest shipments were from South Africa (X units), together recording 96% of total export.

South Africa was also the fastest-growing in terms of the household sewing machines exports, with a CAGR of -2.2% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest household sewing machine supplier in SADC.

From 2012 to 2021, the average annual growth rate of value in South Africa was relatively modest.

Export Prices by Country

In 2021, the export price in SADC amounted to $X per unit, growing by 27% against the previous year. Export price indicated a notable increase from 2012 to 2021: its price increased at an average annual rate of +2.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, household sewing machine export price decreased by -16.1% against 2018 indices. The most prominent rate of growth was recorded in 2015 when the export price increased by 29%. Over the period under review, the export prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2012 to 2021, the rate of growth in terms of prices for South Africa amounted to +2.6% per year.

Household Sewing Machine Imports

Imports in SADC

In 2021, overseas purchases of household sewing machines increased by 53% to X units, rising for the fifth year in a row after two years of decline. Total imports indicated a measured increase from 2012 to 2021: its volume increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +133.6% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, household sewing machine imports soared to $X in 2021. The total import value increased at an average annual rate of +1.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

South Africa (X units) and Tanzania (X units) prevails in imports structure, together constituting 71% of total imports. It was distantly followed by Democratic Republic of the Congo (X units), creating a 9.5% share of total imports. Malawi (X units), Madagascar (X units), Mauritius (X units) and Mozambique (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Malawi (with a CAGR of +18.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) constitutes the largest market for imported household sewing machines in SADC, comprising 49% of total imports. The second position in the ranking was taken by Tanzania ($X), with a 21% share of total imports. It was followed by Democratic Republic of the Congo, with a 7.6% share.

In South Africa, household sewing machine imports remained relatively stable over the period from 2012-2021. In the other countries, the average annual rates were as follows: Tanzania (+5.7% per year) and Democratic Republic of the Congo (+9.2% per year).

Import Prices by Country

In 2021, the import price in SADC amounted to $X per unit, shrinking by -11.7% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the import price increased by 31% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Africa ($X per unit), while Tanzania ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Democratic Republic of the Congo (+7.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform