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Turkey - Woven Woolen Fabrics - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

Turkey - Woven Woolen Fabrics - Market Analysis, Forecast, Size, Trends and Insights

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Jan 9, 2024

Turkey's October 2023 Woolen Fabric Import Surges by 28% Reaching $13M

Turkey Woolen Fabric Imports

In October 2023, woolen fabric imports into Turkey skyrocketed to 246K square meters, jumping by 49% compared with the previous month's figure. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 with an increase of 99% month-to-month. As a result, imports reached the peak of 479K square meters. From June 2023 to October 2023, the growth of imports remained at a somewhat lower figure.

In value terms, woolen fabric imports skyrocketed to $13M (IndexBox estimates) in October 2023. Over the period under review, imports posted modest growth. The pace of growth was the most pronounced in March 2023 when imports increased by 62% month-to-month. Imports peaked at 25M square meters in July 2023; however, from August 2023 to October 2023, imports stood at a somewhat lower figure.Turkey Woolen Fabric Imports By Country (Million USD)

COUNTRYImport Value of Woolen Fabric in Turkey (million USD)
Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023May 2023Jun 2023Jul 2023Aug 2023Sep 2023Oct 2023
Italy9.19.711.98.810.218.711.116.413.520.618.88.19.8
China0.40.41.00.90.80.80.91.30.81.11.30.51.1
Portugal0.60.70.40.80.40.60.71.61.41.30.90.50.6
Egypt< 0.10.3< 0.10.40.4< 0.1N/A0.10.3N/A0.3< 0.10.2
GreeceN/A0.30.10.10.1N/AN/A0.3< 0.1< 0.10.1N/A< 0.1
Others0.61.21.10.81.10.91.11.31.51.71.40.70.9
Total10.712.514.511.913.021.113.821.017.424.622.89.812.5

Imports by Country

In October 2023, Italy (130K square meters) constituted the largest supplier of woolen fabric to Turkey, accounting for a 53% share of total imports. Moreover, woolen fabric imports from Italy exceeded the figures recorded by the second-largest supplier, China (43K square meters), threefold. Egypt (39K square meters) ranked third in terms of total imports with a 16% share.

From October 2022 to October 2023, the average monthly growth rate of volume from Italy totaled -2.0%. The remaining supplying countries recorded the following average monthly rates of imports growth: China (+3.7% per month) and Egypt (+40.4% per month).

In value terms, Italy ($9.8M) constituted the largest supplier of woolen fabric to Turkey, comprising 78% of total imports. The second position in the ranking was taken by China ($1.1M), with an 8.7% share of total imports. It was followed by Portugal, with a 4.6% share.

From October 2022 to October 2023, the average monthly growth rate of value from Italy was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: China (+9.6% per month) and Portugal (+0.1% per month).

Imports by Type

In October 2023, woven fabrics of combed wool or of combed fine animal hair (171K square meters) constituted the largest type of woolen fabric supplied to Turkey, with a 70% share of total imports. Moreover, woven fabrics of combed wool or of combed fine animal hair exceeded the figures recorded for the second-largest type, woven fabrics of carded wool or of carded fine animal hair (75K square meters), twofold.

From October 2022 to October 2023, the average monthly growth rate of the volume of import of woven fabrics of combed wool or of combed fine animal hair was relatively modest.

In value terms, woven fabrics of combed wool or of combed fine animal hair ($11M) constituted the largest type of woolen fabric supplied to Turkey, comprising 88% of total imports. The second position in the ranking was taken by woven fabrics of carded wool or of carded fine animal hair ($1.5M), with a 12% share of total imports.

Import Prices by Country

In October 2023, the woolen fabric price stood at $51.1 per square meter (CIF, Turkey), declining by -13.8% against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2023 an increase of 38% against the previous month. Over the period under review, average import prices hit record highs at $60.5 per square meter in March 2023; however, from April 2023 to October 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Italy ($75.5 per square meter), while the price for Egypt ($4.8 per square meter) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by China (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the woolen fabric 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 13201230 - Woven fabrics of carded wool or carded fine animal hair
  • Prodcom 13201260 - Woven fabrics of combed wool or combed fine animal hair, w oven fabrics of coarse animal hair

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 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

  12. 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

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