Turkey: Walking-Sticks And Whips Market 2024

Walking-Sticks And Whips Market Size in Turkey

The Turkish walking-sticks and whips market reduced slightly to $X in 2021, falling by -4.1% against the previous year. In general, consumption, however, enjoyed a prominent expansion. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Walking-Sticks And Whips Production in Turkey

In value terms, walking-sticks and whips production shrank modestly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a resilient increase. The growth pace was the most rapid in 2013 with an increase of 146% against the previous year. Walking-sticks and whips production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Walking-Sticks And Whips Exports

Exports from Turkey

In 2021, walking-sticks and whips exports from Turkey surged to X tons, growing by 21% against 2020. Overall, exports posted strong growth. The pace of growth was the most pronounced in 2014 when exports increased by 123% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the near future.

In value terms, walking-sticks and whips exports skyrocketed to $X in 2021. Over the period under review, exports continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2014 when exports increased by 108% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the near future.

Exports by Country

Georgia (X tons), Libya (X tons) and Syrian Arab Republic (X tons) were the main destinations of walking-sticks and whips exports from Turkey, with a combined 43% share 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 Georgia (with a CAGR of +57.8%), while the other leaders experienced more modest paces of growth.

In value terms, Georgia ($X), Libya ($X) and Russia ($X) were the largest markets for walking-sticks and whips exported from Turkey worldwide, with a combined 48% share of total exports.

Among the main countries of destination, Georgia, with a CAGR of +55.7%, 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 walking-sticks and whips export price amounted to $X per ton, increasing by 7.2% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.9%. The pace of growth appeared the most rapid in 2013 when the average export price increased by 52% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average 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 Russia ($X per ton), while the average price for exports to Kazakhstan ($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 (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.

Walking-Sticks And Whips Imports

Imports into Turkey

In 2021, the amount of walking-sticks, seat-sticks, whips and riding-crops imported into Turkey declined to X tons, shrinking by -9.8% against the previous year. Overall, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 40% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, walking-sticks and whips imports soared to $X in 2021. Over the period under review, imports continue to indicate a noticeable downturn. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of walking-sticks and whips to Turkey, with a 90% share of total imports. It was followed by India (X kg), with a 2.5% share of total imports. The third position in this ranking was held by Egypt (X kg), with a 2% share.

From 2012 to 2021, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (+3.5% per year) and Egypt (+5.1% per year).

In value terms, China ($X) constituted the largest supplier of walking-sticks and whips to Turkey, comprising 84% of total imports. The second position in the ranking was held by Romania ($X), with a 2.2% share of total imports. It was followed by India, with a 1.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled -1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (0.0% per year) and India (-1.2% per year).

Import Prices by Country

The average walking-sticks and whips import price stood at $X per ton in 2021, rising by 52% against the previous year. In general, the import price, however, showed a slight downturn. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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