Global Industrial Sewing Machine Market 2024

Industrial Sewing Machine Market Size

In 2022, the global industrial sewing machine market decreased by X% to $X, falling for the fourth year in a row after two years of growth. In general, consumption showed a abrupt setback. Global consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Industrial Sewing Machine Production

In value terms, industrial sewing machine production dropped modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Global production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

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Industrial Sewing Machine Exports

Exports

In 2022, overseas shipments of industrial sewing machines increased by X% to X units, rising for the second consecutive year after two years of decline. Over the period under review, exports saw a resilient increase. The pace of growth was the most pronounced in 2018 when exports increased by X%. The global exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, industrial sewing machine exports rose notably to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by X%. The global exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X units) and Singapore (X units) dominates exports structure, together making up X% of total exports. The following exporters - India (X units) and Taiwan (Chinese) (X units) - each reached a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Singapore (with a CAGR of X%), while the other global leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest industrial sewing machine supplier worldwide, comprising X% of global exports. The second position in the ranking was held by Singapore ($X), with a X% share of global exports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2022, the average annual growth rate of value in China stood at X%. In the other countries, the average annual rates were as follows: Singapore (X% per year) and Taiwan (Chinese) (X% per year).

Export Prices by Country

In 2022, the average industrial sewing machine export price amounted to $X per unit, reducing by X% against the previous year. Over the period under review, the export price recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2015 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a 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 Taiwan (Chinese) ($X per unit), while India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the other global leaders experienced mixed trends in the export price figures.

Industrial Sewing Machine Imports

Imports

In 2022, global imports of industrial sewing machines dropped remarkably to X units, with a decrease of X% against the year before. Overall, total imports indicated notable growth from 2012 to 2022: its volume 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 most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X units, and then shrank rapidly in the following year.

In value terms, industrial sewing machine imports expanded slightly to $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 indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, global imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, India (X units), distantly followed by Vietnam (X units) and the United States (X units) represented the main importers of industrial sewing machines, together comprising X% of total imports. Singapore (X units), Indonesia (X units), Brazil (X units), Turkey (X units), Bangladesh (X units), the United Arab Emirates (X units), Uzbekistan (X units), Egypt (X units), Russia (X units) and Myanmar (X units) took a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to industrial sewing machine imports into India stood at X%. At the same time, Uzbekistan (X%), Egypt (X%), the United Arab Emirates (X%), Vietnam (X%), Turkey (X%), Indonesia (X%), Russia (X%), Myanmar (X%) and Bangladesh (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. The United States experienced a relatively flat trend pattern. By contrast, Singapore (X%) and Brazil (X%) illustrated a downward trend over the same period. While the share of India (X p.p.), Uzbekistan (X p.p.) and Vietnam (X p.p.) increased significantly in terms of the global imports from 2012-2022, the share of the United States (X p.p.), Singapore (X p.p.) and Brazil (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 machine importing markets worldwide were India ($X), Vietnam ($X) and Singapore ($X), with a combined X% share of global imports. Turkey, Bangladesh, the United States, Indonesia, Brazil, Uzbekistan, Russia, the United Arab Emirates, Myanmar and Egypt lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Uzbekistan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

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. In general, the import price, however, recorded a slight shrinkage. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per unit), while Egypt ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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