Turkey: Silk Fabric Market 2024

Silk Fabric Market Size in Turkey

The Turkish silk fabric market surged to $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption continues to indicate a remarkable increase. Silk fabric consumption peaked in 2022 and is expected to retain growth in the immediate term.

Silk Fabric Production in Turkey

In value terms, silk fabric production reached $X in 2022 estimated in export price. In general, production enjoyed significant growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Silk fabric production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Silk Fabric Exports

Exports from Turkey

In 2022, overseas shipments of woven fabrics of silk or of silk waste decreased by X% to X square meters, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2020 when exports increased by X%. As a result, the exports attained the peak of X square meters. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, silk fabric exports contracted sharply to $X in 2022. Over the period under review, exports saw a abrupt contraction. The most prominent rate of growth was recorded in 2020 when exports increased by X%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Lebanon (X square meters) was the main destination for silk fabric exports from Turkey, with a X% share of total exports. Moreover, silk fabric exports to Lebanon exceeded the volume sent to the second major destination, Kyrgyzstan (X square meters), threefold. The third position in this ranking was taken by Serbia (X square meters), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Lebanon amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kyrgyzstan (X% per year) and Serbia (X% per year).

In value terms, the largest markets for silk fabric exported from Turkey were Australia ($X), Lebanon ($X) and Germany ($X), with a combined X% share of total exports. China, Georgia, Italy, Greece, Serbia, Russia, Kyrgyzstan, Ireland, Tajikistan and North Macedonia lagged somewhat behind, together comprising a further X%.

Ireland, with a CAGR of X%, recorded the highest growth rate of the value of exports, among 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

The average silk fabric export price stood at $X per square meter in 2022, picking up by X% against the previous year. In general, the export price posted slight growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 Australia ($X per square meter), while the average price for exports to Tajikistan ($X per square meter) was amongst the lowest.

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

Silk Fabric Imports

Imports into Turkey

In 2022, after seven years of decline, there was significant growth in overseas purchases of woven fabrics of silk or of silk waste, when their volume increased by X% to X square meters. In general, imports, however, saw a deep setback. Imports peaked at X square meters in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, silk fabric imports soared to $X in 2022. Over the period under review, imports, however, showed a pronounced descent. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X square meters) constituted the largest silk fabric supplier to Turkey, with a X% share of total imports. Moreover, silk fabric imports from China exceeded the figures recorded by the second-largest supplier, Italy (X square meters), tenfold. The third position in this ranking was taken by India (X square meters), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and India (X% per year).

In value terms, China ($X) constituted the largest supplier of woven fabrics of silk or of silk waste to Turkey, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with an X% share of total imports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and India (X% per year).

Import Prices by Country

The average silk fabric import price stood at $X per square meter in 2022, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 an increase of X%. As a result, import price attained the peak level of $X per square meter. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

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 South Korea ($X per square meter), while the price for India ($X per square meter) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :