Industrial Automatic Sewing Machine Prices in India Increase to $226 per Unit

Industrial Automatic Sewing Machine Prices in India Increase to $226 per Unit

In June 2023, the price of industrial automatic sewing machines in India reached $226 per unit (CIF, India), marking a 6.8% increase compared to the previous month. However, overall import prices showed a slight decline. The most significant growth rate was observed in August 2022, with an 82% increase over the previous month, reaching a peak of $285 per unit in December 2022. From January 2023 to June 2023, import prices remained at a lower level. The price levels in India are influenced by China, the sole major supplier. The rate of growth in China's prices for industrial automatic sewing machines from June 2022 to June 2023 was -1.1% per month. A total of approximately 14,000 units of industrial automatic sewing machines were imported to India in June 2023. This indicates a decline of -14.8% compared to May 2023. Import volumes experienced a significant setback during the period under review, with the highest growth rate recorded in July 2022, reaching 42,000 units. However, from August 2022 to June 2023, import growth remained at a lower level. In terms of value, industrial automatic sewing machine imports in June 2023 were estimated at $3.1 million according to IndexBox estimates. Overall, imports experienced a notable decline. The highest growth rate in value was observed in January 2023, with a 62% increase over the previous month. Import volumes reached their peak at 5.6 million units in July 2022, but remained at a relatively lower level from August 2022 to June 2023. China was the main supplier of industrial automatic sewing machines to India in June 2023, accounting for approximately 100% of total imports. Over the period from June 2022 to June 2023, the average monthly growth rate of volume from China was -3.3%. China also constituted the largest supplier in value terms, with $2.8 million worth of industrial automatic sewing machines imported by India. The average monthly growth rate of value from China during the same period was -4.4%.

Source: IndexBox Market Intelligence Platform

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