Australia and Oceania: Sewing Machine Needle Market 2024

Sewing Machine Needle Market Size in Australia and Oceania

In 2022, after two years of growth, there was significant decline in the sewing machine needle market in Australia and Oceania, when its value decreased by X% to $X. Over the period under review, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2021, and then contracted in the following year.

Sewing Machine Needle Production in Australia and Oceania

In value terms, sewing machine needle production totaled $X in 2022 estimated in export price. In general, production continues to indicate a significant decline. The growth pace was the most rapid in 2014 with an increase of X,400%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Sewing Machine Needle Exports

Exports in Australia and Oceania

In 2022, shipments abroad of sewing machine needles decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, exports showed a dramatic setback. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, sewing machine needle exports contracted sharply to $X in 2022. In general, exports, however, posted a prominent expansion. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, the exports reached the peak of $X, and then contracted sharply in the following year.

Exports by Country

New Zealand was the largest exporting country with an export of about X units, which amounted to X% of total exports. Australia (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Fiji (X%).

New Zealand 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, Fiji (X%) displayed positive paces of growth. By contrast, Australia (X%) illustrated a downward trend over the same period. While the share of New Zealand (X p.p.) and Fiji (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Australia (X p.p.) displayed negative dynamics.

In value terms, New Zealand ($X) remains the largest sewing machine needle supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was held by Australia ($X), with a X% share of total exports.

In New Zealand, sewing machine needle exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Australia (X% per year) and Fiji (X% per year).

Export Prices by Country

The export price in Australia and Oceania stood at $X per unit in 2022, surging by X% against the previous year. Over the period under review, the export price saw a significant increase. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit 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 New Zealand ($X per unit), while Fiji (less than $X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%), while the other leaders experienced a decline in the export price figures.

Sewing Machine Needle Imports

Imports in Australia and Oceania

After two years of growth, supplies from abroad of sewing machine needles decreased by X% to X units in 2022. In general, imports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X units, and then declined in the following year.

In value terms, sewing machine needle imports dropped rapidly to $X in 2022. Overall, imports, however, enjoyed strong growth. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then dropped markedly in the following year.

Imports by Country

Australia dominates imports structure, finishing at X units, which was approx. X% of total imports in 2022. Fiji (X units) took the second position in the ranking, followed by New Zealand (X units). All these countries together held approx. X% share of total imports. Papua New Guinea (X units) and French Polynesia (X units) held a relatively small share of total imports.

Imports into Australia increased at an average annual rate of X% from 2012 to 2022. At the same time, Papua New Guinea (X%), Fiji (X%), French Polynesia (X%) and New Zealand (X%) displayed positive paces of growth. Moreover, Papua New Guinea emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Papua New Guinea increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported sewing machine needles in Australia and Oceania, comprising X% of total imports. The second position in the ranking was taken by New Zealand ($X), with a X% share of total imports. It was followed by Fiji, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia stood at X%. In the other countries, the average annual rates were as follows: New Zealand (X% per year) and Fiji (X% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per unit in 2022, waning by X% against the previous year. Import price indicated a tangible expansion from 2012 to 2022: its price 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. The pace of growth was the most pronounced in 2018 when the import price increased by X% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2021, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Australia ($X per unit), while Fiji (less than $X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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