Turkey: Cushion Cover Market 2024

Cushion Cover Market Size in Turkey

The Turkish cushion cover market surged to $X in 2021, picking up by 103% against the previous year. Over the period under review, consumption recorded a significant expansion. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Cushion Cover Production in Turkey

In value terms, cushion cover production surged to $X in 2021 estimated in export price. Over the period under review, production enjoyed buoyant growth. The most prominent rate of growth was recorded in 2017 when the production volume increased by 51%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Cushion Cover Exports

Exports from Turkey

In 2021, shipments abroad of furnishing articles for car seats was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Overall, exports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2015 with an increase of 95% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, cushion cover exports surged to $X in 2021. In general, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when exports increased by 172%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for cushion cover exports from Turkey, with a 20% share of total exports. Moreover, cushion cover exports to Germany exceeded the volume sent to the second major destination, France (X tons), twofold. The third position in this ranking was held by the UK (X tons), with a 4.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany stood at -2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+17.1% per year) and the UK (+8.3% per year).

In value terms, Germany ($X), France ($X) and Spain ($X) constituted the largest markets for cushion cover exported from Turkey worldwide, with a combined 50% share of total exports. The United States, Italy, the UK, Iraq, Belarus, Romania, Algeria, Chile, Greece and Tunisia lagged somewhat behind, together accounting for a further 19%.

Belarus, with a CAGR of +128.7%, saw the highest rates of growth with regard to 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

In 2021, the average cushion cover export price amounted to $X per ton, increasing by 27% against the previous year. In general, the export price, however, showed a perceptible downturn. The most prominent rate of growth was recorded in 2015 an increase of 39% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Algeria ($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 Romania (+3.0%), while the prices for the other major destinations experienced a decline.

Cushion Cover Imports

Imports into Turkey

In 2021, purchases abroad of furnishing articles for car seats decreased by -35.2% to X tons, falling for the fifth year in a row after three years of growth. In general, imports showed a pronounced reduction. The pace of growth was the most pronounced in 2014 with an increase of 184%. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, cushion cover imports shrank significantly to $X in 2021. Overall, imports, however, saw a slight increase. The most prominent rate of growth was recorded in 2014 when imports increased by 143%. Imports peaked at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Bosnia and Herzegovina (X tons) and India (X tons) were the main suppliers of cushion cover imports to Turkey, with a combined 87% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Bosnia and Herzegovina (with a CAGR of +90.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Bosnia and Herzegovina ($X), China ($X) and India ($X) were the largest cushion cover suppliers to Turkey, together accounting for 85% of total imports.

In terms of the main suppliers, Bosnia and Herzegovina, with a CAGR of +94.2%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average cushion cover import price amounted to $X per ton, with an increase of 20% against the previous year. In general, import price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +3.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, cushion cover import price increased by +137.0% against 2016 indices. The most prominent rate of growth was recorded in 2018 an increase of 31%. Over the period under review, average import prices reached the peak figure in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Moldova (+15.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform