Report Update: May 1, 2024

Turkey - Industrial Sewing Machines - Market Analysis, Forecast, Size, Trends and Insights

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Industrial Sewing Machine Price in Turkey - 2023

Industrial Sewing Machine Price in Turkey (CIF) - 2023

In July 2023, the average industrial sewing machine import price amounted to $698 per unit, remaining relatively unchanged against the previous month. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in September 2022 an increase of 30% against the previous month. The import price peaked at $922 per unit in November 2022; however, from December 2022 to July 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was the Czech Republic ($3,494 per unit), while the price for China ($504 per unit) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the Czech Republic (+1.6%), while the prices for the other major suppliers experienced a decline.

Industrial Sewing Machine Price in Turkey (FOB) - 2022

In 2022, the average industrial sewing machine export price amounted to $2,846 per unit, increasing by 4.7% against the previous year. Overall, export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, industrial sewing machine export price increased by +57.9% against 2015 indices. The most prominent rate of growth was recorded in 2019 an increase of 22% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($7,331 per unit), while the average price for exports to Senegal ($445 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 Tajikistan (+14.2%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Sewing Machine Imports in Turkey

For the fourth year in a row, Turkey recorded growth in overseas purchases of industrial sewing machines, which increased by 18% to 246K units in 2022. Over the period under review, imports showed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 131%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, industrial sewing machine imports surged to $187M in 2022. In general, imports showed a significant increase. The growth pace was the most rapid in 2020 with an increase of 60%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Import of Industrial Sewing Machine in Turkey (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	34.7	69.9	100	123	52.5%
Japan	10.5	11.3	16.4	26.5	36.2%
Vietnam	6.0	8.1	9.7	12.0	26.0%
Taiwan (Chinese)	2.4	4.2	4.3	4.6	24.2%
Others	11.7	11.4	14.4	21.2	21.9%
Total	65.3	105	145	187	42.0%

Top Suppliers of Industrial Sewing Machine to Turkey in 2022:

China (217.6K units)
Japan (12.3K units)
Vietnam (7.8K units)
Taiwan (Chinese) (4.1K units)

Industrial Sewing Machine Exports in Turkey

In 2022, approx. 16K units of industrial sewing machines were exported from Turkey; increasing by 16% on the previous year. The total export volume increased at an average annual rate of +2.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 21%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, industrial sewing machine exports soared to $45M in 2022. The total export value increased at an average annual rate of +5.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Industrial Sewing Machine in Turkey (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Uzbekistan	5.3	12.5	5.8	9.0	19.3%
United States	0.2	0.8	2.7	3.6	162.1%
Egypt	1.0	0.2	1.8	2.5	35.7%
Nigeria	1.0	0.1	0.2	2.1	28.1%
Romania	0.7	0.3	0.7	1.4	26.0%
Russia	0.6	0.9	1.6	1.3	29.4%
Azerbaijan	0.3	0.7	0.3	1.2	58.7%
Tajikistan	N/A	0.1	0.4	1.0	216.2%
Kyrgyzstan	0.1	0.1	0.5	0.9	108.0%
Iran	0.3	0.5	1.1	0.9	44.2%
Tunisia	0.3	0.1	0.5	0.8	38.7%
Georgia	0.6	0.7	1.0	0.5	-5.9%
Senegal	N/A	0.2	0.1	0.3	22.5%
Others	27.4	13.3	20.1	19.1	-11.3%
Total	37.8	30.4	36.7	44.5	5.6%

Top Export Markets for Industrial Sewing Machine from Turkey in 2022:

Uzbekistan (4.1K units)
Egypt (1.7K units)
Romania (0.8K units)
Azerbaijan (0.7K units)
Senegal (0.6K units)
Nigeria (0.6K units)
United States (0.5K units)
Tunisia (0.5K units)
Kyrgyzstan (0.4K units)
Georgia (0.3K units)
Iran (0.3K units)
Tajikistan (0.3K units)
Russia (0.3K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the industrial sewing machine market in Turkey. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28942430 - Industrial automatic sewing machines (excluding book-sewing machines)
Prodcom 28942450 - Industrial sewing machines (excluding book-sewing machines, automatic machines)

Country coverage:

Turkey

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Turkey
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023