Price for Clothing; Parts, Knitted or Crocheted in Turkey - 2023

Contents:

1. Price for Clothing; Parts, Knitted or Crocheted in Turkey (FOB) - 2022
2. Price for Clothing; Parts, Knitted or Crocheted in Turkey (CIF) - 2022
3. Exports of Clothing; Parts, Knitted or Crocheted in Turkey
4. Imports of Clothing; Parts, Knitted or Crocheted in Turkey

Price for Clothing; Parts, Knitted or Crocheted in Turkey (FOB) - 2022

The average export price for clothing; parts, knitted or crocheted stood at $14,665 per ton in 2022, falling by -25.1% against the previous year. Over the period under review, export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, clothing; parts, knitted or crocheted export price decreased by -35.3% against 2020 indices. The growth pace was the most rapid in 2017 an increase of 26%. The export price peaked at $22,672 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($30,763 per ton), while the average price for exports to Kyrgyzstan ($1,490 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (+10.2%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Clothing; Parts, Knitted or Crocheted in Turkey (CIF) - 2022

The average import price for clothing; parts, knitted or crocheted stood at $29,641 per ton in 2022, jumping by 30% against the previous year. Overall, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, clothing; parts, knitted or crocheted import price increased by +125.3% against 2018 indices. The growth pace was the most rapid in 2014 when the average import price increased by 32% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the near future.

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 Germany ($55,391 per ton), while the price for Georgia ($14,943 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Clothing; Parts, Knitted or Crocheted in Turkey

Clothing; parts, knitted or crocheted exports from Turkey reduced remarkably to 140 tons in 2022, waning by -92.7% on 2021. Over the period under review, exports recorded a dramatic contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 67%. As a result, the exports attained the peak of 1.9K tons, and then fell significantly in the following year.

In value terms, clothing; parts, knitted or crocheted exports shrank remarkably to $2M in 2022. Overall, exports saw a dramatic shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by 45% against the previous year. As a result, the exports reached the peak of $37M, and then shrank remarkably in the following year.

Top Export Markets for Clothing; Parts, Knitted or Crocheted from Turkey in 2022:

1. Sweden (19.9 tons)
2. Georgia (19.3 tons)
3. Ukraine (15.4 tons)
4. Germany (6.8 tons)
5. Kyrgyzstan (6.4 tons)
6. Kazakhstan (5.1 tons)
7. Uzbekistan (4.7 tons)
8. Greece (4.5 tons)
9. Morocco (4.3 tons)
10. Iraq (4.3 tons)
11. France (4.1 tons)
12. Bulgaria (3.7 tons)
13. Hungary (3.6 tons)

Imports of Clothing; Parts, Knitted or Crocheted in Turkey

In 2022, imports of clothing; parts, knitted or crocheted into Turkey fell rapidly to 54 tons, declining by -24.2% compared with 2021. In general, imports showed a deep downturn. The growth pace was the most rapid in 2021 when imports increased by 41%.

In value terms, clothing; parts, knitted or crocheted imports declined modestly to $1.6M in 2022. Over the period under review, total imports indicated moderate growth from 2019 to 2022: its value increased at an average annual rate of +4.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 56%. As a result, imports attained the peak of $1.6M, and then contracted slightly in the following year.

Top Suppliers of Clothing; Parts, Knitted or Crocheted to Turkey in 2022:

1. Italy (28.7 tons)
2. China (12.7 tons)
3. Germany (5.6 tons)
4. Georgia (2.8 tons)
5. Saudi Arabia (1.4 tons)
6. France (1.3 tons)
7. Egypt (0.5 tons)

Source: IndexBox Market Intelligence Platform