Tunisia: Industrial Sewing Machine Market 2024

Industrial Sewing Machine Market Size in Tunisia

The Tunisian industrial sewing machine market declined dramatically to $X in 2022, shrinking by -19.7% 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). Overall, consumption saw a mild descent. 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.

Industrial Sewing Machine Exports

Exports from Tunisia

In 2022, the amount of industrial sewing machines exported from Tunisia surged to X units, with an increase of 93% against the previous year. Overall, exports, however, showed a deep reduction. The pace of growth was the most pronounced in 2014 with an increase of 450% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, industrial sewing machine exports soared to $X in 2022. In general, exports, however, recorded a abrupt slump. The pace of growth was the most pronounced in 2014 with an increase of 237% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Algeria (X units) was the main destination for industrial sewing machine exports from Tunisia, accounting for a 68% share of total exports. Moreover, industrial sewing machine exports to Algeria exceeded the volume sent to the second major destination, France (X units), fivefold. The third position in this ranking was held by Romania (X units), with a 4.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Algeria amounted to +13.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+3.3% per year) and Romania (+1.1% per year).

In value terms, Algeria ($X) emerged as the key foreign market for industrial sewing machines exports from Tunisia, comprising 55% of total exports. The second position in the ranking was held by Romania ($X), with a 9.5% share of total exports. It was followed by the Netherlands, with a 7.8% share.

From 2012 to 2022, the average annual growth rate of value to Algeria amounted to +5.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+0.8% per year) and the Netherlands (+20.2% per year).

Export Prices by Country

In 2022, the average industrial sewing machine export price amounted to $X per unit, shrinking by -24.3% against the previous year. Overall, the export price showed a perceptible decline. The pace of growth was the most pronounced in 2019 an increase of 86%. As a result, the export price reached the peak level of $X per unit. From 2020 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Romania ($X per unit), while the average price for exports to France ($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 the Netherlands (+10.0%), while the prices for the other major destinations experienced a decline.

Industrial Sewing Machine Imports

Imports into Tunisia

Industrial sewing machine imports into Tunisia dropped markedly to X units in 2022, shrinking by -23.5% on 2021. Over the period under review, imports showed a pronounced curtailment. The pace of growth was the most pronounced in 2021 with an increase of 62%. Imports peaked at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, industrial sewing machine imports fell remarkably to $X in 2022. In general, imports showed a slight shrinkage. The growth pace was the most rapid in 2017 with an increase of 55% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest industrial sewing machine supplier to Tunisia, accounting for a 54% share of total imports. Moreover, industrial sewing machine imports from China exceeded the figures recorded by the second-largest supplier, France (X units), fivefold. Hungary (X units) ranked third in terms of total imports with an 8.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: France (+3.4% per year) and Hungary (+3.2% per year).

In value terms, China ($X), Germany ($X) and Italy ($X) constituted the largest industrial sewing machine suppliers to Tunisia, with a combined 64% share of total imports.

Germany, with a CAGR of +4.2%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average industrial sewing machine import price amounted to $X per unit, picking up by 8.8% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 37% against the previous year. As a result, import price attained the peak level of $X per unit. From 2020 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Hungary ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+5.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform