South Africa: Industrial Sewing Machine Market 2024

Industrial Sewing Machine Market Size in South Africa

The South African industrial sewing machine market surged to $X in 2022, rising by 57% 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). Over the period under review, the total consumption indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -8.7% against 2020 indices. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Industrial Sewing Machine Exports

Exports from South Africa

In 2022, the amount of industrial sewing machines exported from South Africa fell remarkably to X units, waning by -49% against 2021 figures. Over the period under review, exports, however, saw a mild increase. The most prominent rate of growth was recorded in 2021 when exports increased by 195% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, industrial sewing machine exports contracted to $X in 2022. In general, exports, however, saw modest growth. The most prominent rate of growth was recorded in 2021 with an increase of 115%. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Lesotho (X units), Swaziland (X units) and Namibia (X units) were the main destinations of industrial sewing machine exports from South Africa, together accounting for 81% of total exports.

From 2012 to 2022, the biggest increases were recorded for Swaziland (with a CAGR of +36.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Swaziland ($X) emerged as the key foreign market for industrial sewing machines exports from South Africa, comprising 36% of total exports. The second position in the ranking was held by Namibia ($X), with a 14% share of total exports. It was followed by Lesotho, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Swaziland amounted to +19.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Namibia (-4.0% per year) and Lesotho (+0.8% per year).

Export Prices by Country

The average industrial sewing machine export price stood at $X per unit in 2022, with an increase of 68% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Botswana ($X per unit), while the average price for exports to Lesotho ($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 Lesotho (+4.5%), while the prices for the other major destinations experienced a decline.

Industrial Sewing Machine Imports

Imports into South Africa

In 2022, industrial sewing machine imports into South Africa rose to X units, picking up by 4.2% against the previous year. Over the period under review, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when imports increased by 28%. Imports peaked at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, industrial sewing machine imports totaled $X in 2022. The total import value increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 19% against the previous year. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest industrial sewing machine supplier to South Africa, with a 51% share of total imports. Moreover, industrial sewing machine imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), twofold. Vietnam (X units) ranked third in terms of total imports with a 7.2% share.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+6.9% per year) and Vietnam (+9.9% per year).

In value terms, China ($X) constituted the largest supplier of industrial sewing machines to South Africa, comprising 55% of total imports. The second position in the ranking was held by Japan ($X), with an 11% share of total imports. It was followed by Taiwan (Chinese), with a 9.2% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+15.3% per year) and Taiwan (Chinese) (+9.4% per year).

Import Prices by Country

The average industrial sewing machine import price stood at $X per unit in 2022, reducing by -2.7% against the previous year. Overall, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, industrial sewing machine import price increased by +45.5% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the average import price increased by 55%. Over the period under review, average import prices hit record highs at $X per unit in 2021, and then contracted slightly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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