Overview of the Global Market for Industrial Sewing Machines (Non-Automatic)

Market Size for Industrial Sewing Machines (Non-Automatic)

The global industrial sewing machines (non-automatic) market rose markedly to $X in 2022, picking up by 6.3% against the previous year. In general, consumption, however, continues to indicate a abrupt slump. Over the period under review, the global market hit record highs at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Production of Industrial Sewing Machines (Non-Automatic)

In value terms, industrial sewing machines (non-automatic) production reduced modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.3% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2013 with an increase of 21% against the previous year. Global production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Exports of Industrial Sewing Machines (Non-Automatic)

Exports

In 2022, approx. X units of industrial sewing machines (non-automatic) were exported worldwide; which is down by -7.6% against the year before. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 32% against the previous year. As a result, the exports attained the peak of X units, and then shrank in the following year.

In value terms, industrial sewing machines (non-automatic) exports expanded to $X in 2022. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 43%. The global exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

China represented the major exporter of industrial sewing machines (non-automatic) in the world, with the volume of exports accounting for X units, which was approx. 51% of total exports in 2022. Singapore (X units) held the second position in the ranking, followed by India (X units), Taiwan (Chinese) (X units) and Vietnam (X units). All these countries together took near 34% share of total exports. The following exporters - Japan (X units) and Hong Kong SAR (X units) - each recorded a 3.8% share of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of industrial sewing machines (non-automatic). At the same time, India (+18.2%) and Singapore (+6.2%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in the world, with a CAGR of +18.2% from 2012-2022. Vietnam experienced a relatively flat trend pattern. By contrast, Hong Kong SAR (-4.3%), Japan (-6.1%) and Taiwan (Chinese) (-12.6%) illustrated a downward trend over the same period. While the share of India (+7.3 p.p.), Singapore (+6.3 p.p.) and China (+5.1 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Japan (-1.7 p.p.) and Taiwan (Chinese) (-18.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Singapore ($X) and Japan ($X) constituted the countries with the highest levels of exports in 2022, together accounting for 59% of global exports. Hong Kong SAR, Vietnam, Taiwan (Chinese) and India lagged somewhat behind, together accounting for a further 14%.

In terms of the main exporting countries, India, with a CAGR of +5.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average industrial sewing machines (non-automatic) export price stood at $X per unit in 2022, picking up by 12% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The pace of growth was the most pronounced in 2015 an increase of 16% against the previous year. The global export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per unit), while India ($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) (+12.7%), while the other global leaders experienced more modest paces of growth.

Imports of Industrial Sewing Machines (Non-Automatic)

Imports

In 2022, overseas purchases of industrial sewing machines (non-automatic) increased by 13% to X units, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +4.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 27%. Over the period under review, global imports reached the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, industrial sewing machines (non-automatic) imports rose markedly to $X in 2022. The total import value increased at an average annual rate of +3.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 43% against the previous year. Over the period under review, global imports hit record highs at $X in 2018; afterwards, it flattened through to 2022.

Imports by Country

In 2022, India (X units), distantly followed by Indonesia (X units) and Singapore (X units) were the key importers of industrial sewing machines (non-automatic), together constituting 35% of total imports. The following importers - Brazil (X units), Turkey (X units), Bolivia (X units), the UK (X units), Uzbekistan (X units), Vietnam (X units), Russia (X units), Nigeria (X units), Bangladesh (X units) and the United Arab Emirates (X units) - together made up 27% of total imports.

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, Indonesia (+21.9%), Uzbekistan (+18.8%), Bolivia (+16.1%), Nigeria (+15.7%), the United Arab Emirates (+7.5%), Turkey (+6.3%), Singapore (+4.9%), Vietnam (+3.2%), the UK (+2.6%), Bangladesh (+2.3%) and Russia (+2.1%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing importer imported in the world, with a CAGR of +21.9% from 2012-2022. By contrast, Brazil (-10.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of India, Indonesia, Uzbekistan and Bolivia increased by +15, +6.5, +2.7 and +1.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X), Singapore ($X) and Turkey ($X) constituted the countries with the highest levels of imports in 2022, together comprising 30% of global imports. Bangladesh, Indonesia, Vietnam, Brazil, Uzbekistan, Russia, Nigeria, the United Arab Emirates, the UK and Bolivia lagged somewhat behind, together comprising a further 28%.

Among the main importing countries, Uzbekistan, with a CAGR of +13.7%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average industrial sewing machines (non-automatic) import price amounted to $X per unit, reducing by -6% against the previous year. In general, the import price saw a slight setback. The pace of growth appeared the most rapid in 2021 an increase of 13%. Over the period under review, average import prices reached the peak figure at $X per unit in 2014; however, from 2015 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 ($X per unit), while Bolivia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+8.2%), while the other global leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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