United Arab Emirates: Sewing Machine Needle Market 2024

Sewing Machine Needle Market Size in the United Arab Emirates

For the third consecutive year, the sewing machine needle market in the United Arab Emirates recorded growth in sales value, which increased by 258% to $X in 2022. In general, consumption enjoyed significant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Sewing Machine Needle Production in the United Arab Emirates

In value terms, sewing machine needle production surged to $X in 2022 estimated in export price. Overall, production, however, recorded a dramatic shrinkage. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Sewing Machine Needle Exports

Exports from the United Arab Emirates

In 2022, the amount of sewing machine needles exported from the United Arab Emirates rose remarkably to X units, picking up by 6.7% on the previous year's figure. Over the period under review, exports, however, showed a drastic downturn. The growth pace was the most rapid in 2016 with an increase of 275%. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, sewing machine needle exports rose remarkably to $X in 2022. In general, exports, however, saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of 210%. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Sri Lanka (X units) was the main destination for sewing machine needle exports from the United Arab Emirates, with a 57% share of total exports. Moreover, sewing machine needle exports to Sri Lanka exceeded the volume sent to the second major destination, Rwanda (X units), threefold. The third position in this ranking was held by South Africa (X units), with an 18% share.

From 2012 to 2022, the average annual growth rate of volume to Sri Lanka totaled -1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Rwanda (+36.7% per year) and South Africa (-1.5% per year).

In value terms, Sri Lanka ($X) remains the key foreign market for sewing machine needles exports from the United Arab Emirates, comprising 78% of total exports. The second position in the ranking was held by South Africa ($X), with a 16% share of total exports. It was followed by Egypt, with a 1.9% share.

From 2012 to 2022, the average annual growth rate of value to Sri Lanka totaled +7.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+2.6% per year) and Egypt (-5.9% per year).

Export Prices by Country

The average sewing machine needle export price stood at $X per thousand units in 2022, with an increase of 2.4% against the previous year. In general, the export price enjoyed a buoyant increase. The pace of growth was the most pronounced in 2014 when the average export price increased by 129% against the previous year. The export price peaked at $X per thousand units in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Sri Lanka ($X per thousand units), while the average price for exports to Rwanda ($X per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+25.1%), while the prices for the other major destinations experienced more modest paces of growth.

Sewing Machine Needle Imports

Imports into the United Arab Emirates

In 2022, supplies from abroad of sewing machine needles increased by 303% to X units, rising for the second consecutive year after two years of decline. Overall, imports continue to indicate prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, sewing machine needle imports reduced remarkably to $X in 2022. In general, total imports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +2.1% 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 +25.0% against 2018 indices. The pace of growth was the most pronounced in 2021 with an increase of 44%. As a result, imports reached the peak of $X, and then fell markedly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of sewing machine needle to the United Arab Emirates, with a 90% share of total imports. Moreover, sewing machine needle imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), tenfold.

From 2012 to 2022, the average annual growth rate of volume from China stood at +24.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+5.5% per year) and India (-22.1% per year).

In value terms, China ($X), Japan ($X) and India ($X) appeared to be the largest sewing machine needle suppliers to the United Arab Emirates, with a combined 96% share of total imports.

China, with a CAGR of +23.5%, saw the highest rates of growth with regard to 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 sewing machine needle import price amounted to $X per thousand units, shrinking by -79% against the previous year. Overall, the import price recorded a deep downturn. The most prominent rate of growth was recorded in 2016 when the average import price increased by 53% against the previous year. The import price peaked at $X per thousand units in 2020; however, from 2021 to 2022, 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 Japan ($X per thousand units), while the price for China ($X per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+1.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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