Africa: Sewing Machine Needle Market 2024

Sewing Machine Needle Market Size in Africa

The African sewing machine needle market declined rapidly to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption, however, recorded strong growth. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Sewing Machine Needle Production in Africa

In value terms, sewing machine needle production surged to $X in 2022 estimated in export price. Overall, production posted a significant increase. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Sewing Machine Needle Exports

Exports in Africa

In 2022, overseas shipments of sewing machine needles increased by X% to X units, rising for the second year in a row after five years of decline. In general, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, sewing machine needle exports surged to $X in 2022. Total exports indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

Madagascar prevails in exports structure, resulting at X units, which was near X% of total exports in 2022. It was distantly followed by South Africa (X units), committing a X% share of total exports. Mauritius (X units) followed a long way behind the leaders.

Madagascar was also the fastest-growing in terms of the sewing machine needles exports, with a CAGR of X% from 2012 to 2022. At the same time, Mauritius (X%) and South Africa (X%) displayed positive paces of growth. While the share of Madagascar (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Mauritius (X p.p.) and South Africa (X p.p.) displayed negative dynamics.

In value terms, the largest sewing machine needle supplying countries in Africa were South Africa ($X), Mauritius ($X) and Madagascar ($X), together comprising X% of total exports.

Mauritius, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Africa stood at $X per thousand units in 2022, which is down by X% against the previous year. Overall, the export price faced a deep reduction. The growth pace was the most rapid in 2013 when the export price increased by X% against the previous year. The level of export peaked at $X per thousand units in 2019; however, from 2020 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 South Africa ($X per thousand units), while Madagascar ($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 Mauritius (X%), while the other leaders experienced a decline in the export price figures.

Sewing Machine Needle Imports

Imports in Africa

In 2022, overseas purchases of sewing machine needles decreased by X% to X units, falling for the second consecutive year after four years of growth. Over the period under review, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, imports attained the peak figure at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, sewing machine needle imports shrank significantly to $X in 2022. Overall, imports, however, saw a notable increase. The pace of growth was the most pronounced in 2013 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

Nigeria represented the major importing country with an import of around X units, which accounted for X% of total imports. It was distantly followed by Democratic Republic of the Congo (X units), making up a X% share of total imports. The following importers - Rwanda (X units), South Africa (X units) and Ethiopia (X units) - each accounted for a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to sewing machine needle imports into Nigeria stood at X%. At the same time, Rwanda (X%), Democratic Republic of the Congo (X%), Ethiopia (X%) and South Africa (X%) displayed positive paces of growth. Moreover, Rwanda emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Nigeria, Democratic Republic of the Congo and Rwanda increased by X, X and X percentage points, respectively.

In value terms, Nigeria ($X) constitutes the largest market for imported sewing machine needles in Africa, comprising X% of total imports. The second position in the ranking was taken by South Africa ($X), with an X% share of total imports. It was followed by Ethiopia, with a X% share.

In Nigeria, sewing machine needle imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: South Africa (X% per year) and Ethiopia (X% per year).

Import Prices by Country

In 2022, the import price in Africa amounted to $X per thousand units, with a decrease of X% against the previous year. Overall, the import price continues to indicate a dramatic curtailment. The pace of growth appeared the most rapid in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per thousand units in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was South Africa ($X per thousand units), while Democratic Republic of the Congo ($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 Democratic Republic of the Congo (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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