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

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

The SADC industrial sewing machines (non-automatic) market surged to $X in 2022, jumping by 35% against the previous year. The total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Production of Industrial Sewing Machines (Non-Automatic) in SADC

In value terms, industrial sewing machines (non-automatic) production soared to $X in 2022 estimated in export price. Over the period under review, production posted significant growth. The growth pace was the most rapid in 2020 when the production volume increased by 699,299% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Exports of Industrial Sewing Machines (Non-Automatic)

Exports in SADC

In 2022, approx. X units of industrial sewing machines (non-automatic) were exported in SADC; dropping by -50.3% against the year before. Overall, exports, however, posted a temperate increase. The most prominent rate of growth was recorded in 2021 with an increase of 165% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, industrial sewing machines (non-automatic) exports contracted markedly to $X in 2022. Total exports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +22.6% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of 97% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

South Africa represented the largest exporter of industrial sewing machines (non-automatic) in SADC, with the volume of exports reaching X units, which was near 83% of total exports in 2022. Mauritius (X units) held a 12% share (based on physical terms) of total exports, which put it in second place, followed by Madagascar (4.5%).

Exports from South Africa increased at an average annual rate of +1.8% from 2012 to 2022. At the same time, Madagascar (+47.3%) and Mauritius (+9.6%) displayed positive paces of growth. Moreover, Madagascar emerged as the fastest-growing exporter exported in SADC, with a CAGR of +47.3% from 2012-2022. While the share of Mauritius (+5.6 p.p.) and Madagascar (+4.4 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of South Africa (-9.6 p.p.) displayed negative dynamics.

In value terms, South Africa ($X) remains the largest industrial sewing machines (non-automatic) supplier in SADC, comprising 67% of total exports. The second position in the ranking was taken by Madagascar ($X), with an 18% share of total exports.

In South Africa, industrial sewing machines (non-automatic) exports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Madagascar (+12.4% per year) and Mauritius (+0.0% per year).

Export Prices by Country

The export price in SADC stood at $X per unit in 2022, growing by 26% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 60% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (-0.8%), while the other leaders experienced a decline in the export price figures.

Imports of Industrial Sewing Machines (Non-Automatic)

Imports in SADC

In 2022, approx. X units of industrial sewing machines (non-automatic) were imported in SADC; increasing by 3.7% on the previous year. Total imports indicated a measured expansion from 2012 to 2022: its volume increased at an average annual rate of +3.2% 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 +3.5% against 2019 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 39% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, industrial sewing machines (non-automatic) imports declined to $X in 2022. The total import value increased at an average annual rate of +1.1% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when imports increased by 30%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, South Africa (X units) represented the main importer of industrial sewing machines (non-automatic), achieving 39% of total imports. Mozambique (X units) held a 17% share (based on physical terms) of total imports, which put it in second place, followed by Tanzania (11%), Madagascar (8.2%) and Zimbabwe (5.8%). The following importers - Botswana (X units) and Namibia (X units) - each amounted to a 7.6% share of total imports.

Imports into South Africa decreased at an average annual rate of -1.6% from 2012 to 2022. At the same time, Mozambique (+15.4%), Tanzania (+13.8%), Botswana (+7.3%), Namibia (+6.2%), Madagascar (+5.1%) and Zimbabwe (+2.0%) displayed positive paces of growth. Moreover, Mozambique emerged as the fastest-growing importer imported in SADC, with a CAGR of +15.4% from 2012-2022. While the share of Mozambique (+11 p.p.) and Tanzania (+7 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of South Africa (-23.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported industrial sewing machines (non-automatic) in SADC, comprising 56% of total imports. The second position in the ranking was taken by Madagascar ($X), with a 10% share of total imports. It was followed by Tanzania, with a 7.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa stood at +2.1%. In the other countries, the average annual rates were as follows: Madagascar (+5.5% per year) and Tanzania (+11.7% per year).

Import Prices by Country

In 2022, the import price in SADC amounted to $X per unit, with a decrease of -6% against the previous year. Overall, the import price showed a noticeable descent. The most prominent rate of growth was recorded in 2015 an increase of 54% against the previous year. As a result, import price attained the peak level of $X per unit. From 2016 to 2022, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was South Africa ($X per unit), while Mozambique ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+3.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform