Turkey: Seat Market 2024

Seat Market Size in Turkey

In 2021, the Turkish seat market decreased by -22.7% to $X, falling for the second year in a row after three years of growth. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Seat Production in Turkey

In value terms, seat production surged to $X in 2021 estimated in export price. In general, production, however, posted prominent growth. The pace of growth was the most pronounced in 2017 with an increase of 63% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Seat Exports

Exports from Turkey

Seat exports from Turkey skyrocketed to X tons in 2021, jumping by 59% on the previous year's figure. In general, total exports indicated a pronounced expansion from 2012 to 2021: its volume increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +100.0% against 2017 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, seat exports soared to $X in 2021. Overall, total exports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.9% 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 +67.1% against 2015 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Iraq (X tons), Germany (X tons) and the United States (X tons) were the main destinations of seat exports from Turkey, with a combined 12% share of total exports. Israel, the United Arab Emirates, France, Romania, Qatar, Libya, Senegal, the Netherlands, the UK and Italy lagged somewhat behind, together accounting for a further 14%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Qatar (with a CAGR of +42.2%), while the other leaders experienced more modest paces of growth.

In value terms, Iraq ($X), Germany ($X) and the United States ($X) appeared to be the largest markets for seat exported from Turkey worldwide, with a combined 30% share of total exports. These countries were followed by Israel, France, Libya, Italy, the United Arab Emirates, Qatar, Romania, the UK, the Netherlands and Senegal, which together accounted for a further 32%.

Qatar, with a CAGR of +41.1%, saw 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

In 2021, the average seat export price amounted to $X per ton, shrinking by -19.1% against the previous year. Over the last nine years, it increased at an average annual rate of +2.7%. The most prominent rate of growth was recorded in 2013 an increase of 34%. Over the period under review, the average export prices attained the maximum at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Senegal ($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 Libya (+14.3%), while the prices for the other major destinations experienced more modest paces of growth.

Seat Imports

Imports into Turkey

For the third year in a row, Turkey recorded growth in overseas purchases of seats, which increased by 3.7% to X tons in 2021. Overall, imports, however, saw a perceptible downturn. The pace of growth appeared the most rapid in 2013 with an increase of 16% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, seat imports skyrocketed to $X in 2021. Over the period under review, imports, however, recorded a abrupt downturn. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), Malaysia (X tons) and Italy (X tons) were the main suppliers of seat imports to Turkey, with a combined 49% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of +42.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Italy ($X) and Malaysia ($X) appeared to be the largest seat suppliers to Turkey, with a combined 49% share of total imports.

Among the main suppliers, Malaysia, with a CAGR of +27.2%, 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

The average seat import price stood at $X per ton in 2021, jumping by 16% against the previous year. Overall, the import price, however, recorded a noticeable downturn. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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