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

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

In 2022, the CIS industrial sewing machines (non-automatic) market increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, consumption enjoyed buoyant growth. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Production of Industrial Sewing Machines (Non-Automatic) in CIS

In value terms, industrial sewing machines (non-automatic) production skyrocketed to $X in 2022 estimated in export price. In general, production enjoyed significant growth. As a result, production attained the peak level and is likely to continue growth in the immediate term.

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Exports of Industrial Sewing Machines (Non-Automatic)

Exports in CIS

In 2022, the amount of industrial sewing machines (non-automatic) exported in the CIS declined to X units, shrinking by X% compared with 2021. Over the period under review, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports attained the peak of X units, and then fell in the following year.

In value terms, industrial sewing machines (non-automatic) exports reduced to $X in 2022. In general, exports, however, recorded a buoyant expansion. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then declined in the following year.

Exports by Country

Russia (X units) and Belarus (X units) prevails in exports structure, together generating X% of total exports. Kyrgyzstan (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Kyrgyzstan (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest industrial sewing machines (non-automatic) supplying countries in the CIS were Russia ($X), Belarus ($X) and Kyrgyzstan ($X), together accounting for X% of total exports.

Among the main exporting countries, Kyrgyzstan, 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 the CIS amounted to $X per unit, picking up by X% against the previous year. In general, the export price, however, continues to indicate a abrupt descent. The pace of growth appeared the most rapid in 2020 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 Belarus ($X per unit), while Kyrgyzstan ($X per unit) was amongst the lowest.

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

Imports of Industrial Sewing Machines (Non-Automatic)

Imports in CIS

In 2022, the amount of industrial sewing machines (non-automatic) imported in the CIS skyrocketed to X units, picking up by X% on 2021. In general, imports saw resilient growth. The pace of growth appeared the most rapid in 2017 with an increase of X%. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, industrial sewing machines (non-automatic) imports dropped slightly to $X in 2022. Overall, imports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2021, and then contracted in the following year.

Imports by Country

Uzbekistan was the key importer of industrial sewing machines (non-automatic) in the CIS, with the volume of imports finishing at X units, which was approx. X% of total imports in 2022. It was distantly followed by Russia (X units) and Kyrgyzstan (X units), together committing a X% share of total imports. Kazakhstan (X units) held a relatively small share of total imports.

Uzbekistan was also the fastest-growing in terms of the industrial sewing machines (non-automatic) imports, with a CAGR of X% from 2012 to 2022. At the same time, Kyrgyzstan (X%) and Kazakhstan (X%) displayed positive paces of growth. Russia experienced a relatively flat trend pattern. From 2012 to 2022, the share of Uzbekistan and Kyrgyzstan increased by X and X percentage points, respectively.

In value terms, Uzbekistan ($X) constitutes the largest market for imported industrial sewing machines (non-automatic) in the CIS, comprising X% of total imports. The second position in the ranking was held by Russia ($X), with a X% share of total imports. It was followed by Kyrgyzstan, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Uzbekistan amounted to X%. In the other countries, the average annual rates were as follows: Russia (X% per year) and Kyrgyzstan (X% per year).

Import Prices by Country

The import price in the CIS stood at $X per unit in 2022, declining by X% against the previous year. In general, the import price showed a perceptible decline. The growth pace was the most rapid in 2013 an increase of X%. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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