Saudi Arabia: Sewing Machine Furniture Market 2024

Sewing Machine Furniture Market Size in Saudi Arabia

The Saudi sewing machine furniture market rose slightly to $X in 2022, increasing by X% against the previous year. In general, consumption, however, posted a significant expansion. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Sewing Machine Furniture Production in Saudi Arabia

In value terms, sewing machine furniture production contracted slightly to $X in 2022 estimated in export price. In general, production, however, saw significant growth. The pace of growth appeared the most rapid in 2016 when the production volume increased by X%. Sewing machine furniture production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Sewing Machine Furniture Exports

Exports from Saudi Arabia

Sewing machine furniture exports from Saudi Arabia soared to X kg in 2022, with an increase of X% compared with the previous year's figure. In general, exports, however, recorded a abrupt downturn. The pace of growth appeared the most rapid in 2020 when exports increased by X%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, sewing machine furniture exports surged to $X in 2022. Overall, exports recorded pronounced growth. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Senegal (X kg) was the main destination for sewing machine furniture exports from Saudi Arabia, accounting for a X% share of total exports. Moreover, sewing machine furniture exports to Senegal exceeded the volume sent to the second major destination, Ethiopia (X kg), more than tenfold. Switzerland (X kg) ranked third in terms of total exports with a X% share.

From 2013 to 2022, the average annual growth rate of volume to Senegal was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Ethiopia (X% per year) and Switzerland (X% per year).

In value terms, Switzerland ($X) emerged as the key foreign market for furniture, bases and covers for sewing machines exports from Saudi Arabia, comprising X% of total exports. The second position in the ranking was taken by Turkey ($X), with a X% share of total exports. It was followed by Senegal, with a X% share.

From 2013 to 2022, the average annual growth rate of value to Switzerland was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (X% per year) and Senegal (X% per year).

Export Prices by Country

The average sewing machine furniture export price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the export price enjoyed a resilient increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X,750 per ton), while the average price for exports to Senegal ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (X%).

Sewing Machine Furniture Imports

Imports into Saudi Arabia

In 2016, purchases abroad of furniture, bases and covers for sewing machines decreased by X% to X tons for the first time since 2013, thus ending a two-year rising trend. Overall, imports continue to indicate a abrupt setback. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. As a result, imports attained the peak of X tons, and then dropped dramatically in the following year.

In value terms, sewing machine furniture imports dropped dramatically to $X in 2016. In general, imports continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2015 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2016, imports stood at a somewhat lower figure.

Imports by Country

In 2016, China (X tons) constituted the largest supplier of sewing machine furniture to Saudi Arabia, with a X% share of total imports. Moreover, sewing machine furniture imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), fourfold. Vietnam (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2016, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Vietnam (X% per year).

In value terms, China ($X) constituted the largest supplier of furniture, bases and covers for sewing machines to Saudi Arabia, comprising X% of total imports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total imports. It was followed by Japan, with an X% share.

From 2012 to 2016, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Japan (X% per year).

Import Prices by Country

In 2016, the average sewing machine furniture import price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price, however, saw a pronounced descent. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2016, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform