Turkey: Market for Braids In The Piece, Tassels And Pompons, Ornamental Trimmings 2022

Market Size for Braids In The Piece, Tassels And Pompons, Ornamental Trimmings in Turkey

In 2021, the Turkish market for braids in the piece, tassels and pompons, ornamental trimmings decreased by -X% to $X, falling for the second consecutive year after three years of growth. Over the period under review, consumption recorded a relatively flat trend pattern. Consumption of peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Production of Braids In The Piece, Tassels And Pompons, Ornamental Trimmings in Turkey

In value terms, production of braids in the piece, tassels and pompons, ornamental trimmings rose slightly to $X in 2021 estimated in export price. Overall, production showed a abrupt downturn. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production of braids in piece, tassels and pompons, ornamental trimmings attained the maximum level at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Exports of Braids In The Piece, Tassels And Pompons, Ornamental Trimmings

Exports from Turkey

For the third year in a row, Turkey recorded growth in shipments abroad of braids in the piece, tassels and pompons, ornamental trimmings, which increased by X% to X tons in 2021. In general, exports recorded a prominent increase. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports of braids in piece, tassels and pompons, ornamental trimmings attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, exports of braids in the piece, tassels and pompons, ornamental trimmings surged to $X in 2021. Overall, total exports indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +X% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, the exports of braids in piece, tassels and pompons, ornamental trimmings reached the maximum in 2021 and are expected to retain growth in the near future.

Exports by Country

Germany (X tons), Romania (X tons) and Serbia (X tons) were the main destinations of exports of braids in the piece, tassels and pompons, ornamental trimmings from Turkey, together comprising X% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for braids, tassels, pompons and ornamental trimmings exports from Turkey, comprising X% of total exports. The second position in the ranking was taken by Belarus ($X), with a X% share of total exports. It was followed by Spain, with a X% share.

From 2012 to 2021, the average annual growth rate of value to Germany totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (+X% per year) and Spain (+X% per year).

Export Prices by Country

The average export price for braids in the piece, tassels and pompons, ornamental trimmings stood at $X per ton in 2021, approximately mirroring the previous year. In general, the export price showed a perceptible contraction. The pace of growth appeared the most rapid in 2020 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Germany ($X per ton), while the average price for exports to Iraq ($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 Serbia (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Braids In The Piece, Tassels And Pompons, Ornamental Trimmings

Imports into Turkey

In 2021, the amount of braids in the piece, tassels and pompons, ornamental trimmings imported into Turkey reduced rapidly to X tons, waning by -X% compared with 2020 figures. In general, imports recorded a deep contraction. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of braids in the piece, tassels and pompons, ornamental trimmings declined notably to $X in 2021. Overall, imports recorded a perceptible downturn. The pace of growth was the most pronounced in 2014 when imports increased by X%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports of remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest braids, tassels, pompons and ornamental trimmings supplier to Turkey, accounting for a X% share of total imports. Moreover, imports of braids in the piece, tassels and pompons, ornamental trimmings from China exceeded the figures recorded by the second-largest supplier, India (X tons), eightfold. The third position in this ranking was held by Germany (X tons), with a X% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-X% per year) and Germany (+X% per year).

In value terms, China ($X) constituted the largest supplier of braids, tassels, pompons and ornamental trimmings to Turkey, comprising X% of total imports. The second position in the ranking was taken by Italy ($X), with a X% share of total imports. It was followed by Germany, with an X% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and Germany (+X% per year).

Import Prices by Country

In 2021, the average import price for braids in the piece, tassels and pompons, ornamental trimmings amounted to $X per ton, growing by X% against the previous year. Overall, import price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for braids in the piece, tassels and pompons, ornamental trimmings increased by +X% against 2013 indices. The most prominent rate of growth was recorded in 2016 when the average import price increased by X%. The import price peaked in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform