Turkey: Sewing Machine Needle Market 2024

Sewing Machine Needle Market Size in Turkey

For the fourth year in a row, the Turkish sewing machine needle market recorded growth in sales value, which increased by X% to $X in 2022. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Sewing machine needle consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Sewing Machine Needle Exports

Exports from Turkey

In 2022, sewing machine needle exports from Turkey surged to X units, with an increase of X% against the year before. Overall, exports posted a remarkable increase. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, sewing machine needle exports skyrocketed to $X in 2022. In general, exports saw a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Uzbekistan (X units), Germany (X units) and Egypt (X units) were the main destinations of sewing machine needle exports from Turkey, together comprising X% of total exports. Turkmenistan, Georgia, Albania, North Macedonia, Lithuania, Russia, Moldova and Belarus lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Belarus (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sewing machine needle exported from Turkey were Uzbekistan ($X), Egypt ($X) and Germany ($X), with a combined X% share of total exports. Georgia, Albania, Russia, Turkmenistan, North Macedonia, Belarus, Moldova and Lithuania lagged somewhat behind, together accounting for a further X%.

Albania, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average sewing machine needle export price amounted to $X per unit, increasing by X% against the previous year. Overall, the export price, however, saw a noticeable slump. The most prominent rate of growth was recorded in 2014 an increase of X%. Over the period under review, the average export prices reached the maximum at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

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 Russia ($X per unit), while the average price for exports to Lithuania (less than $X 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 Albania (X%), while the prices for the other major destinations experienced a decline.

Sewing Machine Needle Imports

Imports into Turkey

In 2022, purchases abroad of sewing machine needles increased by X% to X units, rising for the second year in a row after three years of decline. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, sewing machine needle imports amounted to $X in 2022. Overall, total imports indicated slight growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The Czech Republic (X units), Vietnam (X units) and China (X units) were the main suppliers of sewing machine needle imports to Turkey, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), India ($X) and Vietnam ($X) constituted the largest sewing machine needle suppliers to Turkey, with a combined X% share of total imports.

The Czech Republic, with a CAGR of X%, 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 more modest paces of growth.

Import Prices by Country

In 2022, the average sewing machine needle import price amounted to $X per unit, falling by X% against the previous year. Over the period under review, the import price showed a perceptible decrease. The most prominent rate of growth was recorded in 2019 when the average import price increased by X%. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per unit), while the price for China (less than $X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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