Turkey: Sewing Machine Needle Market 2024

Sewing Machine Needle Market Size in Turkey

The Turkish sewing machine needle market was estimated at $X in 2022, approximately mirroring the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +1.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Sewing Machine Needle Exports

Exports from Turkey

In 2022, the amount of sewing machine needles exported from Turkey soared to X units, with an increase of 66% against 2021 figures. Overall, exports showed strong growth. The most prominent rate of growth was recorded in 2016 when exports increased by 102% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, sewing machine needle exports soared to $X in 2022. In general, exports enjoyed a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Uzbekistan (X units), Germany (X units) and Egypt (X units) were the main destinations of sewing machine needle exports from Turkey, together comprising 51% of total exports. Turkmenistan, Georgia, Albania, North Macedonia, Lithuania, Russia, Moldova and Belarus lagged somewhat behind, together accounting for a further 39%.

From 2012 to 2022, the biggest increases were recorded for Belarus (with a CAGR of +66.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sewing machine needle exported from Turkey were Uzbekistan ($X), Egypt ($X) and Germany ($X), with a combined 50% share of total exports. Georgia, Albania, Russia, Turkmenistan, North Macedonia, Belarus, Moldova and Lithuania lagged somewhat behind, together comprising a further 39%.

Albania, with a CAGR of +68.4%, 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 2022, the average sewing machine needle export price amounted to $X per thousand units, rising by 18% against the previous year. Overall, the export price, however, saw a pronounced setback. The most prominent rate of growth was recorded in 2014 an increase of 30%. The export price peaked at $X per thousand units in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Albania (+3.8%), while the prices for the other major destinations experienced a decline.

Sewing Machine Needle Imports

Imports into Turkey

In 2022, overseas purchases of sewing machine needles increased by 19% to X units, rising for the second year in a row after three years of decline. The total import volume increased at an average annual rate of +4.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 26% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, sewing machine needle imports totaled $X in 2022. In general, total imports indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.7% against 2018 indices. The growth pace was the most rapid in 2021 with an increase of 37%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The Czech Republic (X units), Vietnam (X units) and China (X units) were the main suppliers of sewing machine needle imports to Turkey, together accounting for 64% of total imports.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of +130.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), India ($X) and Vietnam ($X) constituted the largest sewing machine needle suppliers to Turkey, with a combined 75% share of total imports.

In terms of the main suppliers, the Czech Republic, with a CAGR of +79.2%, saw the highest rates of growth with regard to 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 2022, the average sewing machine needle import price amounted to $X per thousand units, falling by -14.2% against the previous year. In general, the import price recorded a pronounced descent. The pace of growth appeared the most rapid in 2019 an increase of 12%. The import price peaked at $X per thousand units in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per thousand units), while the price for China ($X per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+25.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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