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

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

In 2022, the Saudi industrial sewing machines (non-automatic) market decreased by 99.9% to less than $X, falling for the second year in a row after three years of decline. Over the period under review, consumption continues to indicate a precipitous shrinkage. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Production of Industrial Sewing Machines (Non-Automatic) in Saudi Arabia

In value terms, industrial sewing machines (non-automatic) production fell rapidly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2019 when the production volume increased by 6,402,037,300%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Exports of Industrial Sewing Machines (Non-Automatic)

Exports from Saudi Arabia

In 2021, overseas shipments of industrial sewing machines (non-automatic) decreased by 0% to X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2018 when exports increased by 256% against the previous year. The exports peaked at X units in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, industrial sewing machines (non-automatic) exports soared to $X in 2021. Overall, exports recorded a significant curtailment. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Oman (X units), the United Arab Emirates (X units) and Bahrain (X units) were the main destinations of industrial sewing machines (non-automatic) exports from Saudi Arabia, with a combined 75% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Oman (with a CAGR of 0.0%), while the other leaders experienced mixed trend patterns.

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for industrial sewing machines (non-automatic) exports from Saudi Arabia, comprising 73% of total exports. The second position in the ranking was held by Bahrain ($X), with a 20% share of total exports. It was followed by Oman, with a 4.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United Arab Emirates totaled -21.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (-34.8% per year) and Oman (0.0% per year).

Export Prices by Country

In 2021, the average industrial sewing machines (non-automatic) export price amounted to $X per unit, with an increase of 76% against the previous year. Over the period under review, the export price, however, saw a sharp decrease. The pace of growth appeared the most rapid in 2017 an increase of 1,207% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bahrain (-5.9%), while the prices for the other major destinations experienced a decline.

Imports of Industrial Sewing Machines (Non-Automatic)

Imports into Saudi Arabia

In 2020, the amount of industrial sewing machines (non-automatic) imported into Saudi Arabia stood at X units, remaining constant against the year before. In general, imports continue to indicate a deep reduction. The pace of growth was the most pronounced in 2014 with an increase of 100%. As a result, imports attained the peak of X units. From 2015 to 2020, the growth of imports remained at a lower figure.

In value terms, industrial sewing machines (non-automatic) imports stood at $X in 2020. Overall, imports saw a perceptible contraction. The growth pace was the most rapid in 2014 when imports increased by 68%. Imports peaked at $X in 2015; however, from 2016 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, China (X units) constituted the largest industrial sewing machines (non-automatic) supplier to Saudi Arabia, accounting for a 66% share of total imports. Moreover, industrial sewing machines (non-automatic) imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), sevenfold.

From 2012 to 2020, the average annual rate of growth in terms of volume from China amounted to -6.1%.

In value terms, China ($X) constituted the largest supplier of industrial sewing machines (non-automatic) to Saudi Arabia, comprising 47% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with an 18% share of total imports.

From 2012 to 2020, the average annual rate of growth in terms of value from China amounted to -2.7%.

Import Prices by Country

The average industrial sewing machines (non-automatic) import price stood at $X per unit in 2020, stabilizing at the previous year. Overall, the import price showed a mild increase. The pace of growth was the most pronounced in 2017 when the average import price increased by 67% against the previous year. As a result, import price attained the peak level of $X per unit. From 2018 to 2020, the average import prices remained at a somewhat lower figure.

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 China totaled $X per unit.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by India (+16.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :