South Africa: Industrial Sewing Machine Market 2024

Industrial Sewing Machine Market Size in South Africa

In 2022, the South African industrial sewing machine market was finally on the rise to reach $X after two years of decline. In general, the total consumption indicated a buoyant increase 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, consumption decreased by X% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Industrial Sewing Machine Exports

Exports from South Africa

In 2022, after three years of growth, there was significant decline in shipments abroad of industrial sewing machines, when their volume decreased by X% to X units. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X units in 2021, and then fell significantly in the following year.

In value terms, industrial sewing machine exports contracted to $X in 2022. In general, exports, however, recorded a mild expansion. The pace of growth was the most pronounced in 2021 with an increase of X%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Namibia (X units) was the main destination for industrial sewing machine exports from South Africa, with a X% share of total exports. Moreover, industrial sewing machine exports to Namibia exceeded the volume sent to the second major destination, Botswana (X units), twofold. Swaziland (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Namibia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Botswana (X% per year) and Swaziland (X% per year).

In value terms, Swaziland ($X) emerged as the key foreign market for industrial sewing machines exports from South Africa, comprising X% of total exports. The second position in the ranking was held by Namibia ($X), with a X% share of total exports. It was followed by Lesotho, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Swaziland stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Namibia (X% per year) and Lesotho (X% per year).

Export Prices by Country

In 2022, the average industrial sewing machine export price amounted to $X per unit, growing by X% against the previous year. In general, the export price posted a slight expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by X%. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Swaziland (X%), while the prices for the other major destinations experienced a decline.

Industrial Sewing Machine Imports

Imports into South Africa

In 2022, after four years of growth, there was significant decline in purchases abroad of industrial sewing machines, when their volume decreased by X% to X units. Over the period under review, imports, however, posted a moderate increase. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Imports peaked at X units in 2021, and then dropped notably in the following year.

In value terms, industrial sewing machine imports totaled $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of industrial sewing machine to South Africa, with a X% share of total imports. Moreover, industrial sewing machine imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), twofold. Thailand (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, 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: Taiwan (Chinese) (X% per year) and Thailand (X% per year).

In value terms, China ($X) constituted the largest supplier of industrial sewing machines to South Africa, comprising X% of total imports. The second position in the ranking was taken by Japan ($X), with an X% share of total imports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and Taiwan (Chinese) (X% per year).

Import Prices by Country

The average industrial sewing machine import price stood at $X per unit in 2022, jumping by X% against the previous year. Over the period under review, the import price, however, saw a slight contraction. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2018 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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