Turkey: Quilted Textile Products Market 2024

Quilted Textile Products Market Size in Turkey

In 2021, after seven years of growth, there was significant decline in the Turkish quilted textile products market, when its value decreased by -7.8% to $X. In general, consumption, however, posted a resilient increase. Quilted textile products consumption peaked at $X in 2020, and then shrank in the following year.

Quilted Textile Products Production in Turkey

In value terms, quilted textile products production contracted to $X in 2021 estimated in export price. Overall, production recorded significant growth. The most prominent rate of growth was recorded in 2019 when the production volume increased by 113% against the previous year. Over the period under review, production attained the maximum level at $X in 2020, and then dropped in the following year.

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Quilted Textile Products Exports

Exports from Turkey

In 2021, overseas shipments of quilted textile products in the piece (excluding embroidery) increased by 53% to X tons, rising for the second year in a row after three years of decline. Over the period under review, exports, however, continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2016 with an increase of 65% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, quilted textile products exports soared to $X in 2021. Overall, exports, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2016 with an increase of 318% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Bulgaria (X tons), the Netherlands (X tons) and Cyprus (X tons) were the main destinations of quilted textile products exports from Turkey, with a combined 51% share of total exports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +34.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Bulgaria ($X), the Netherlands ($X) and France ($X) were the largest markets for quilted textile products exported from Turkey worldwide, with a combined 46% share of total exports.

Among the main countries of destination, the Netherlands, with a CAGR of +33.7%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average quilted textile products export price stood at $X per ton in 2021, shrinking by -5.4% against the previous year. In general, the export price showed a pronounced curtailment. The pace of growth appeared the most rapid in 2016 an increase of 154% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was France ($X per ton), while the average price for exports to Greece ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to North Macedonia (+9.3%), while the prices for the other major destinations experienced mixed trend patterns.

Quilted Textile Products Imports

Imports into Turkey

In 2021, approx. X tons of quilted textile products in the piece (excluding embroidery) were imported into Turkey; declining by -6% on 2020. Overall, imports, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2014 when imports increased by 130%. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, quilted textile products imports amounted to $X in 2021. Over the period under review, imports, however, continue to indicate strong growth. The pace of growth was the most pronounced in 2014 with an increase of 153% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Bulgaria (X tons) constituted the largest quilted textile products supplier to Turkey, accounting for a 88% share of total imports. Moreover, quilted textile products imports from Bulgaria exceeded the figures recorded by the second-largest supplier, Poland (X tons), more than tenfold. Romania (X tons) ranked third in terms of total imports with a 2.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Bulgaria amounted to +148.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+1.4% per year) and Romania (+18.7% per year).

In value terms, the largest quilted textile products suppliers to Turkey were Bulgaria ($X), Poland ($X) and Romania ($X), with a combined 86% share of total imports.

Bulgaria, with a CAGR of +140.1%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average quilted textile products import price stood at $X per ton in 2021, growing by 7.4% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.3%. The pace of growth was the most pronounced in 2017 an increase of 46% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Poland ($X per ton), while the price for Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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