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

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

The Asia-Pacific industrial sewing machines (non-automatic) market skyrocketed to $X in 2022, rising by X% against the previous year. Overall, consumption saw a remarkable increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

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

In value terms, industrial sewing machines (non-automatic) production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

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Exports of Industrial Sewing Machines (Non-Automatic)

Exports in Asia-Pacific

Industrial sewing machines (non-automatic) exports fell modestly to X units in 2022, remaining relatively unchanged against the previous year. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units, leveling off in the following year.

In value terms, industrial sewing machines (non-automatic) exports rose sharply to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China was the largest exporter of industrial sewing machines (non-automatic) in Asia-Pacific, with the volume of exports accounting for X units, which was near X% of total exports in 2022. Singapore (X units) took the second position in the ranking, followed by India (X units) and Taiwan (Chinese) (X units). All these countries together took approx. X% share of total exports. The following exporters - Japan (X units) and Hong Kong SAR (X units) - each finished at a X% 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 (X%) and Singapore (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, Taiwan (Chinese) (X%), Hong Kong SAR (X%) and Japan (X%) illustrated a downward trend over the same period. While the share of India (X p.p.) and Singapore (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Hong Kong SAR (X p.p.), Japan (X p.p.), Taiwan (Chinese) (X p.p.) and China (X p.p.) displayed negative dynamics.

In value terms, China ($X), Singapore ($X) and Japan ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising X% of total exports. Hong Kong SAR, Taiwan (Chinese) and India lagged somewhat behind, together comprising a further X%.

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

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per unit, picking up by X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the export price increased by X%. Over the period under review, the export prices reached the maximum at $X per unit in 2015; however, from 2016 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 Hong Kong SAR (X%), while the other leaders experienced more modest paces of growth.

Imports of Industrial Sewing Machines (Non-Automatic)

Imports in Asia-Pacific

In 2022, purchases abroad of industrial sewing machines (non-automatic) increased by X% to X units, rising for the second consecutive year after two years of decline. Over the period under review, imports enjoyed a strong increase. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, industrial sewing machines (non-automatic) imports amounted to $X in 2022. Total imports indicated measured 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, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2018; afterwards, it flattened through to 2022.

Imports by Country

India was the major importing country with an import of about X units, which amounted to X% of total imports. Vietnam (X units) ranks second in terms of the total imports with a X% share, followed by Singapore (X%) and Indonesia (X%). The following importers - Myanmar (X units), Bangladesh (X units), Nepal (X units), Malaysia (X units), Sri Lanka (X units), Thailand (X units), Cambodia (X units), Pakistan (X units) and the Philippines (X units) - together made up X% 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 X%. At the same time, Nepal (X%), Sri Lanka (X%), the Philippines (X%), Cambodia (X%), Vietnam (X%), Indonesia (X%), Singapore (X%), Myanmar (X%) and Pakistan (X%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. Malaysia and Bangladesh experienced a relatively flat trend pattern. By contrast, Thailand (X%) illustrated a downward trend over the same period. While the share of India (X p.p.) and Nepal (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Myanmar (X p.p.), Singapore (X p.p.), Malaysia (X p.p.), Bangladesh (X p.p.) and Thailand (X p.p.) displayed negative dynamics. 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 Asia-Pacific were India ($X), Singapore ($X) and Vietnam ($X), with a combined X% share of total imports. Bangladesh, Indonesia, Cambodia, Malaysia, Sri Lanka, Thailand, Pakistan, Myanmar, the Philippines and Nepal lagged somewhat behind, together comprising a further X%.

Nepal, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries 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 Asia-Pacific amounted to $X per unit, surging by X% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2018 an increase of X%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a 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 Myanmar (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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