Turkey - Flat Knitting Machines, Stitch-Bonding Machines And Warp Knitting Machines - Market Analysis, Forecast, Size, Trends And Insights
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View PricingTurkey's Import of Knitting Machines Drops by 29%, Totalling $2.8M in January 2024
Turkey Knitting Machine Imports
In January 2024, approximately 79 units of flat knitting machines, stitch-bonding machines and warp knitting machines were imported into Turkey; increasing by 6.8% against December 2023 figures. Overall, imports, however, recorded a abrupt descent. The most prominent rate of growth was recorded in November 2023 when imports increased by 34% month-to-month. Imports peaked at 663 units in May 2023; however, from June 2023 to January 2024, imports remained at a lower figure.
In value terms, knitting machine imports fell sharply to $2.8M (IndexBox estimates) in January 2024. Over the period under review, imports, however, continue to indicate a deep reduction. The most prominent rate of growth was recorded in March 2023 when imports increased by 63% m-o-m. Over the period under review, imports attained the maximum at 11M units in May 2023; however, from June 2023 to January 2024, imports failed to regain momentum.
| COUNTRY | Import Value of Knitting Machine in Turkey (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | Oct 2023 | Nov 2023 | Dec 2023 | Jan 2024 | |
| China | 1.4 | 1.2 | 2.9 | 2.3 | 2.5 | 1.7 | 1.6 | 2.4 | 2.0 | 1.1 | 0.9 | 0.8 | 1.1 |
| Germany | 1.2 | 3.4 | 4.8 | 1.8 | 3.8 | 1.7 | 2.9 | 3.3 | 0.7 | 0.8 | 0.7 | 2.3 | 1.0 |
| Japan | 3.8 | 1.2 | 2.1 | 4.0 | 5.0 | 3.7 | 2.2 | 4.1 | < 0.1 | 1.0 | 1.9 | 0.8 | 0.7 |
| Others | 0.3 | 0.1 | < 0.1 | 0.1 | < 0.1 | < 0.1 | < 0.1 | N/A | < 0.1 | N/A | N/A | < 0.1 | < 0.1 |
| Total | 6.8 | 6.0 | 9.7 | 8.1 | 11.2 | 7.1 | 6.8 | 9.8 | 2.8 | 2.9 | 3.5 | 3.9 | 2.8 |
Imports by Country
In January 2024, Japan (52 units) constituted the largest knitting machine supplier to Turkey, accounting for a 66% share of total imports. Moreover, knitting machine imports from Japan exceeded the figures recorded by the second-largest supplier, China (15 units), threefold.
From January 2023 to January 2024, the average monthly growth rate of volume from Japan totaled -16.1%. The remaining supplying countries recorded the following average monthly rates of imports growth: China (-3.1% per month) and Germany (-1.4% per month).
In value terms, China ($1.1M), Germany ($1M) and Japan ($715K) appeared to be the largest knitting machine suppliers to Turkey, with a combined 99.9% share of total imports.
Germany, with a CAGR of -1.4%, 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 a decline.
Import Prices by Country
In January 2024, the knitting machine price amounted to $35,352 per unit (CIF, Turkey), declining by -33.5% against the previous month. In general, the import price, however, showed prominent growth. The most prominent rate of growth was recorded in December 2023 an increase of 146% against the previous month. As a result, import price attained the peak level of $53.2M per thousand units, and then contracted markedly in the following month.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Germany ($93,427 per unit), while the price for Japan ($13,749 per unit) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Japan (+3.6%), while the prices for the other major suppliers experienced mixed trend patterns.
This report provides an in-depth analysis of the knitting machine market in Turkey. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28941450 - Flat knitting machines, stitch-bonding machines and warp knitting machines
Country coverage:
- Turkey
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Turkey
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
