Report Update: May 1, 2024

Turkey - Furniture, Bases And Covers For Sewing Machines - Market Analysis, Forecast, Size, Trends And Insights

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Sewing Machine Furniture Price in Turkey - 2023

Sewing Machine Furniture Price in Turkey (CIF) - 2023

The average sewing machine furniture import price stood at $11,196 per ton in July 2023, increasing by 33% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in September 2022 an increase of 80% against the previous month. Over the period under review, average import prices hit record highs at $15,930 per ton 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 Taiwan (Chinese) ($33,962 per ton), while the price for China stood at $6,401 per ton.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+26.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Sewing Machine Furniture Price in Turkey (FOB) - 2022

In 2022, the average sewing machine furniture export price amounted to $20,441 per ton, waning by -29% against the previous year. Overall, the export price recorded a slight descent. The pace of growth was the most pronounced in 2021 an increase of 19%. Over the period under review, the average export prices reached the peak figure at $29,624 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($35,944 per ton), while the average price for exports to Iran ($2,690 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 Tajikistan (+13.0%), while the prices for the other major destinations experienced more modest paces of growth.

Sewing Machine Furniture Imports in Turkey

For the fourth consecutive year, Turkey recorded growth in purchases abroad of furniture, bases and covers for sewing machines, which increased by 32% to 198 tons in 2022. In general, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +25.6% 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 +98.3% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 34% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, sewing machine furniture imports surged to $16M in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +15.0% 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 +52.2% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Sewing Machine Furniture in Turkey (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	5.5	5.7	6.5	8.3	14.7%
Taiwan (Chinese)	1.5	2.1	2.7	3.3	30.1%
Japan	1.9	1.4	1.7	2.1	3.4%
Germany	0.7	0.7	0.8	1.0	12.6%
Hong Kong SAR	0.2	0.3	0.2	0.2	0.0%
Serbia	N/A	N/A	N/A	0.1	0%
Others	1.0	1.1	1.1	1.4	11.9%
Total	10.8	11.3	13.0	16.4	14.9%

Top Suppliers of Sewing Machine Furniture to Turkey in 2022:

Taiwan (Chinese) (122.1 tons)
China (38.7 tons)
Hong Kong SAR (12.3 tons)
Japan (9.9 tons)
Serbia (5.0 tons)
Germany (3.2 tons)

Sewing Machine Furniture Exports in Turkey

In 2022, sewing machine furniture exports from Turkey skyrocketed to 273 tons, picking up by 59% compared with the previous year's figure. In general, exports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2021 with an increase of 63%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, sewing machine furniture exports rose markedly to $5.6M in 2022. Over the period under review, exports posted prominent growth. The pace of growth appeared the most rapid in 2021 when exports increased by 95%. The exports peaked in 2022 and are expected to retain growth in the near future.

Export of Sewing Machine Furniture in Turkey (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Tajikistan	0.4	5.9	5.0	663	1083.5%
Germany	409	105	502	644	16.3%
Egypt	417	362	515	511	7.0%
Russia	98.9	33.6	155	242	34.8%
Serbia	178	142	644	236	9.9%
Uzbekistan	51.2	108	129	176	50.9%
Azerbaijan	34.8	45.6	69.3	104	44.0%
Netherlands	3.6	3.0	32.1	95.6	198.3%
Iran	19.0	42.5	19.5	85.2	64.9%
Tunisia	296	12.7	14.5	82.1	-34.8%
Bulgaria	83.3	104	62.7	71.1	-5.1%
Belarus	1.9	8.8	16.6	70.6	233.7%
Algeria	201	10.4	40.8	60.6	-32.9%
Others	2,198	1,557	2,749	2,544	5.0%
Total	3,992	2,540	4,955	5,587	11.9%

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

Tajikistan (68.4 tons)
Iran (31.7 tons)
Germany (31.3 tons)
Egypt (15.8 tons)
Serbia (11.4 tons)
Azerbaijan (9.4 tons)
Belarus (9.2 tons)
Uzbekistan (7.8 tons)
Netherlands (7.6 tons)
Russia (6.7 tons)
Bulgaria (6.0 tons)
Algeria (5.4 tons)
Tunisia (4.1 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the sewing machine furniture 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 28945260 - Furniture, bases and covers for sewing machines and parts thereof, other parts of sewing 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