Turkey: Market for Machines For Preparing, Weaving And Knitting Textiles 2024

Market Size for Machines For Preparing, Weaving And Knitting Textiles in Turkey

The Turkish market for machines for preparing, weaving and knitting textiles surged to $X in 2021, with an increase of 160% against the previous year. In general, consumption enjoyed a prominent expansion. Textile weaving and knitting machinery consumption peaked in 2021 and is likely to see gradual growth in the immediate term.

Production of Machines For Preparing, Weaving And Knitting Textiles in Turkey

In value terms, textile weaving and knitting machinery production surged to $X in 2021 estimated in export price. Over the period under review, production enjoyed a resilient expansion. The growth pace was the most rapid in 2017 with an increase of 673% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Machines For Preparing, Weaving And Knitting Textiles

Exports from Turkey

In 2021, approx. X units of machines for preparing, weaving and knitting textiles were exported from Turkey; increasing by 207% on the year before. In general, exports continue to indicate a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, textile weaving and knitting machinery exports skyrocketed to $X in 2021. Overall, exports enjoyed a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Iran (X units), India (X units) and Uzbekistan (X units) were the main destinations of textile weaving and knitting machinery exports from Turkey, together accounting for 50% of total exports. Pakistan, Egypt, Bangladesh, Turkmenistan, Italy, Azerbaijan, Russia and Bulgaria lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2021, the biggest increases were recorded for Turkmenistan (with a CAGR of +45.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for textile weaving and knitting machinery exported from Turkey were Iran ($X), Uzbekistan ($X) and India ($X), together comprising 44% of total exports. Egypt, Turkmenistan, Pakistan, Bangladesh, Azerbaijan, Italy, Russia and Bulgaria lagged somewhat behind, together comprising a further 27%.

Among the main countries of destination, Turkmenistan, with a CAGR of +50.0%, saw the highest growth rate of the value of exports, 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 export price for machines for preparing, weaving and knitting textiles amounted to $X per unit, declining by -6.7% against the previous year. Over the last nine years, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2018 an increase of 30%. Over the period under review, the average export prices attained the maximum at $X per unit in 2020, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkmenistan ($X per unit), while the average price for exports to Pakistan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Uzbekistan (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machines For Preparing, Weaving And Knitting Textiles

Imports into Turkey

In 2021, the amount of machines for preparing, weaving and knitting textiles imported into Turkey surged to X units, growing by 158% on 2020 figures. Over the period under review, imports posted a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, textile weaving and knitting machinery imports soared to $X in 2021. In general, imports posted a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest textile weaving and knitting machinery supplier to Turkey, with a 45% share of total imports. Moreover, textile weaving and knitting machinery imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. The third position in this ranking was taken by Japan (X units), with a 9.9% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +33.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+5.0% per year) and Japan (+11.4% per year).

In value terms, Germany ($X), China ($X) and Belgium ($X) were the largest textile weaving and knitting machinery suppliers to Turkey, together accounting for 62% of total imports. These countries were followed by Italy, Japan, India, Switzerland and Taiwan (Chinese), which together accounted for a further 33%.

India, with a CAGR of +38.6%, saw the highest rates of growth with regard to the value of imports, among 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 2021, the average import price for machines for preparing, weaving and knitting textiles amounted to $X per unit, increasing by 6.2% against the previous year. Over the period under review, the import price, however, showed a slight slump. The most prominent rate of growth was recorded in 2013 an increase of 11%. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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