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

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

The South Asian industrial sewing machines (non-automatic) market shrank to $X in 2022, which is down by -9.6% against the previous year. The total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +84.6% against 2020 indices. As a result, consumption attained the peak level of $X, and then reduced in the following year.

Production of Industrial Sewing Machines (Non-Automatic) in Southern Asia

In value terms, industrial sewing machines (non-automatic) production reached $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 1.3% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Industrial Sewing Machines (Non-Automatic)

Exports in Southern Asia

Industrial sewing machines (non-automatic) exports shrank sharply to X units in 2022, dropping by -18.4% against the year before. In general, exports, however, continue to indicate prominent growth. The pace of growth was the most pronounced in 2016 with an increase of 63%. Over the period under review, the exports reached the maximum at X units in 2021, and then contracted significantly in the following year.

In value terms, industrial sewing machines (non-automatic) exports fell rapidly to $X in 2022. Over the period under review, exports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2021 when exports increased by 47%. As a result, the exports reached the peak of $X, and then declined rapidly in the following year.

Exports by Country

In 2022, India (X units) represented the largest exporter of industrial sewing machines (non-automatic) in Southern Asia, making up 99% of total export.

India was also the fastest-growing in terms of the industrial sewing machines (non-automatic) exports, with a CAGR of +18.2% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest industrial sewing machines (non-automatic) supplier in Southern Asia.

In India, industrial sewing machines (non-automatic) exports increased at an average annual rate of +5.6% over the period from 2012-2022.

Export Prices by Country

The export price in Southern Asia stood at $X per unit in 2022, almost unchanged from the previous year. In general, the export price saw a deep slump. The most prominent rate of growth was recorded in 2015 an increase of 9.5%. Over the period under review, the export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for India amounted to -10.6% per year.

Imports of Industrial Sewing Machines (Non-Automatic)

Imports in Southern Asia

In 2022, supplies from abroad of industrial sewing machines (non-automatic) increased by 17% to X units, rising for the second consecutive year after two years of decline. Overall, imports recorded a prominent expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 73%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, industrial sewing machines (non-automatic) imports fell to $X in 2022. Total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +7.0% 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 +99.2% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 126%. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

India prevails in imports structure, accounting for X units, which was near 80% of total imports in 2022. Bangladesh (X units) ranks second in terms of the total imports with an 8% share, followed by Sri Lanka (5.1%). Pakistan (X units) and Nepal (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to industrial sewing machines (non-automatic) imports into India stood at +17.7%. At the same time, Nepal (+21.7%), Sri Lanka (+15.5%), Pakistan (+3.0%) and Bangladesh (+2.3%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +21.7% from 2012-2022. India (+21 p.p.) significantly strengthened its position in terms of the total imports, while Pakistan and Bangladesh saw its share reduced by -7.1% and -16% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest industrial sewing machines (non-automatic) importing markets in Southern Asia were India ($X), Bangladesh ($X) and Sri Lanka ($X), together accounting for 95% of total imports. Pakistan and Nepal lagged somewhat behind, together comprising a further 5.2%.

In terms of the main importing countries, Nepal, with a CAGR of +19.7%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per unit, dropping by -24.8% against the previous year. In general, the import price showed a deep downturn. The most prominent rate of growth was recorded in 2021 when the import price increased by 31%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+0.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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