Industrial Sewing Machines (Non-Automatic) Market

The article analyzes the global market for industrial sewing machines (non-automatic), predicting a steady increase in consumption and value from 2022 to 2030. Singapore is the largest consumer and producer, while China leads in exports. Detailed data on consumption, production, imports, and exports are provided, highlighting key trends and growth rates in various countries. Overall, the market is expected to experience moderate growth in the coming years.

Market Forecast

Driven by increasing demand for industrial sewing machines (non-automatic) worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +0.9% for the period from 2022 to 2030, which is projected to bring the market volume to 11M units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +1.2% for the period from 2022 to 2030, which is projected to bring the market value to $6B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Industrial Sewing Machines (Non-Automatic)

In 2022, consumption of industrial sewing machines (non-automatic) increased by 48% to 10M units, rising for the second year in a row after two years of decline. Overall, consumption showed a remarkable increase. As a result, consumption reached the peak volume and is likely to continue growth in the immediate term.

The global industrial sewing machines (non-automatic) market size skyrocketed to $5.4B in 2022, rising by 107% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, recorded a perceptible decrease. Global consumption peaked at $10.9B in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Consumption By Country

Singapore (4.1M units) remains the largest industrial sewing machines (non-automatic) consuming country worldwide, comprising approx. 40% of total volume. Moreover, industrial sewing machines (non-automatic) consumption in Singapore exceeded the figures recorded by the second-largest consumer, India (1.3M units), threefold. Vietnam (460K units) ranked third in terms of total consumption with a 4.5% share.

In Singapore, industrial sewing machines (non-automatic) consumption increased at an average annual rate of +47.8% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of consumption growth: India (+12.4% per year) and Vietnam (+9.4% per year).

In value terms, Singapore ($3B) led the market, alone. The second position in the ranking was held by India ($272M). It was followed by China.

In Singapore, the industrial sewing machines (non-automatic) market expanded at an average annual rate of +47.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: India (+8.3% per year) and China (-0.5% per year).

In 2022, the highest levels of industrial sewing machines (non-automatic) per capita consumption was registered in Singapore (714 units per 1000 persons), followed by Spain (4.8 units per 1000 persons), Uzbekistan (4.8 units per 1000 persons) and Vietnam (4.6 units per 1000 persons), while the world average per capita consumption of industrial sewing machines (non-automatic) was estimated at less than 0.1 units per 1000 persons.

In Singapore, industrial sewing machines (non-automatic) per capita consumption increased at an average annual rate of +46.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Spain (+11.6% per year) and Uzbekistan (+22.7% per year).

Production

World Production of Industrial Sewing Machines (Non-Automatic)

For the third consecutive year, the global market recorded growth in production of industrial sewing machines (non-automatic), which increased by 82% to 7.1M units in 2022. Over the period under review, production saw buoyant growth. As a result, production reached the peak volume and is likely to continue growth in the immediate term.

In value terms, industrial sewing machines (non-automatic) production reached $1.9B in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by 16%. As a result, production reached the peak level of $2.6B. From 2018 to 2022, global production growth failed to regain momentum.

Production By Country

Singapore (4.2M units) remains the largest industrial sewing machines (non-automatic) producing country worldwide, accounting for 59% of total volume. Moreover, industrial sewing machines (non-automatic) production in Singapore exceeded the figures recorded by the second-largest producer, China (2M units), twofold. Spain (219K units) ranked third in terms of total production with a 3.1% share.

In Singapore, industrial sewing machines (non-automatic) production increased at an average annual rate of +45.5% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: China (+0.4% per year) and Spain (+12.1% per year).

Imports

World Imports of Industrial Sewing Machines (Non-Automatic)

In 2022, the amount of industrial sewing machines (non-automatic) imported worldwide fell modestly to 6.3M units, dropping by -3.4% on the previous year. The total import volume increased at an average annual rate of +4.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 33% against the previous year. Global imports peaked at 6.5M units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, industrial sewing machines (non-automatic) imports rose sharply to $2.1B in 2022. The total import value increased at an average annual rate of +3.3% 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 2021 with an increase of 42%. Over the period under review, global imports reached the peak figure at $2.2B in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports By Country

In 2022, India (1.4M units), distantly followed by Vietnam (473K units) and Singapore (344K units) represented the major importers of industrial sewing machines (non-automatic), together making up 35% of total imports. The following importers - Brazil (230K units), Turkey (220K units), the UK (180K units), Uzbekistan (169K units), Indonesia (157K units), Egypt (147K units), Colombia (119K units), Myanmar (110K units), Bangladesh (100K units) and Mexico (98K units) - together made up 24% of total imports.

Imports into India increased at an average annual rate of +17.7% from 2012 to 2022. At the same time, Uzbekistan (+24.7%), Colombia (+11.5%), Egypt (+9.9%), Vietnam (+8.0%), Turkey (+6.3%), Indonesia (+5.9%), Singapore (+4.9%), Myanmar (+3.2%) and the UK (+2.7%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the world, with a CAGR of +24.7% from 2012-2022. Bangladesh experienced a relatively flat trend pattern. By contrast, Mexico (-5.4%) and Brazil (-10.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of India, Uzbekistan and Vietnam increased by +15, +2.7 and +2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest industrial sewing machines (non-automatic) importing markets worldwide were India ($254M), Singapore ($254M) and Vietnam ($179M), with a combined 32% share of global imports. Turkey, Bangladesh, Indonesia, Brazil, Uzbekistan, Mexico, Colombia, Myanmar, Egypt and the UK lagged somewhat behind, together accounting for a further 24%.

Among the main importing countries, Uzbekistan, with a CAGR of +13.7%, recorded the highest growth rate of 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

In 2022, the average industrial sewing machines (non-automatic) import price amounted to $342 per unit, rising by 8.7% against the previous year. In general, the import price, however, showed a mild downturn. Global import price peaked at $392 per unit in 2012; however, from 2013 to 2022, import prices remained at a 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 Bangladesh ($991 per unit), while the UK ($43 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Myanmar (+10.0%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Industrial Sewing Machines (Non-Automatic)

In 2022, overseas shipments of industrial sewing machines (non-automatic) decreased by -10.4% to 3.1M units for the first time since 2019, thus ending a two-year rising trend. The total export volume increased at an average annual rate of +1.6% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 29% against the previous year. As a result, the exports reached the peak of 3.4M units, and then dropped in the following year.

In value terms, industrial sewing machines (non-automatic) exports amounted to $1.6B in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 43% against the previous year. The global exports peaked at $1.9B in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports By Country

China represented the key exporter of industrial sewing machines (non-automatic) in the world, with the volume of exports reaching 1.6M units, which was approx. 52% of total exports in 2022. Singapore (400K units) took the second position in the ranking, followed by India (296K units) and Taiwan (Chinese) (215K units). All these countries together took near 30% share of total exports. The following exporters - Japan (67K units), Poland (62K units) and Spain (60K units) - each reached a 6.2% share of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of industrial sewing machines (non-automatic). At the same time, Poland (+25.0%), India (+17.9%), Spain (+8.3%) and Singapore (+5.7%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in the world, with a CAGR of +25.0% from 2012-2022. By contrast, Taiwan (Chinese) (-2.7%) and Japan (-6.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of India, Singapore and Poland increased by +7.5, +4.3 and +1.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($507M), Singapore ($289M) and Japan ($173M) appeared to be the countries with the highest levels of exports in 2022, together accounting for 59% of global exports. Taiwan (Chinese), Poland, India and Spain lagged somewhat behind, together comprising a further 5.9%.

Poland, with a CAGR of +8.4%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

In 2022, the average industrial sewing machines (non-automatic) export price amounted to $535 per unit, with an increase of 15% against the previous year. In general, the export price, however, showed a mild setback. The global export price peaked at $638 per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($2,577 per unit), while India ($34 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+4.3%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform