Turkey - Sewing Machine Needles - Market Analysis, Forecast, Size, Trends And Insights
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View PricingTurkey's Sewing Machine Needle Imports Plunge to $7.9M in 2023
Turkey Sewing Machine Needle Imports
In 2023, after two years of growth, there was decline in purchases abroad of sewing machine needles, when their volume decreased by -2.3% to 105M units. In general, total imports indicated moderate growth from 2013 to 2023: its volume increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by +51.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 26%. Imports peaked at 108M units in 2022, and then reduced in the following year.
In value terms, sewing machine needle imports reduced to $7.9M (IndexBox estimates) in 2023. Over the period under review, imports showed a mild downturn. The growth pace was the most rapid in 2021 with an increase of 37%. Imports peaked at $10M in 2014; however, from 2015 to 2023, imports remained at a lower figure.
| COUNTRY | Import Value of Sewing Machine Needle in Turkey (thousand USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| India | 597 | 1,188 | 1,354 | 1,243 | 1,277 | 2,400 | 3,204 | 2,763 | 3,483 | 2,383 | 2,514 |
| Czech Republic | 16.8 | 37.8 | 73.7 | 36.8 | 3.3 | 1,321 | 1,357 | 1,696 | 2,572 | 2,651 | 1,853 |
| Vietnam | 60.4 | 48.0 | 20.1 | 21.4 | 22.2 | 314 | 449 | 401 | 1,171 | 1,869 | 1,259 |
| South Korea | 866 | 911 | 612 | 492 | 611 | 656 | 642 | 730 | 900 | 1,057 | 941 |
| Taiwan (Chinese) | 906 | 756 | 775 | 603 | 564 | 455 | 474 | 480 | 441 | 560 | 503 |
| China | 529 | 382 | 400 | 314 | 356 | 304 | 324 | 305 | 382 | 548 | 349 |
| Brazil | 464 | 749 | 51.5 | 662 | 147 | 35.1 | 2.1 | 97.2 | 50.4 | 69.0 | 322 |
| Germany | 4,814 | 5,276 | 4,404 | 2,910 | 5,030 | 534 | 218 | 140 | 78.8 | 91.5 | 118 |
| Others | 593 | 719 | 585 | 249 | 300 | 84.6 | 29.6 | 23.1 | 20.5 | 30.3 | 38.0 |
| Total | 8,846 | 10,066 | 8,275 | 6,532 | 8,310 | 6,103 | 6,701 | 6,635 | 9,099 | 9,259 | 7,897 |
Imports by Country
the Czech Republic (24M units), India (21M units) and China (20M units) were the main suppliers of sewing machine needle imports to Turkey, together accounting for 62% of total imports.
From 2013 to 2023, the biggest increases were recorded for the Czech Republic (with a CAGR of +97.0%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, India ($2.5M), the Czech Republic ($1.9M) and Vietnam ($1.3M) constituted the largest sewing machine needle suppliers to Turkey, with a combined 71% share of total imports.
the Czech Republic, with a CAGR of +60.0%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 2023, the sewing machine needle price amounted to $75 per thousand units (CIF, Turkey), shrinking by -12.7% against the previous year. In general, the import price continues to indicate a pronounced downturn. The growth pace was the most rapid in 2014 when the average import price increased by 13% against the previous year. As a result, import price reached the peak level of $126 per thousand units; afterwards, it flattened through to 2023.
There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Germany ($236 per thousand units), while the price for China ($17 per thousand units) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Germany (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the sewing machine needle 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 28945230 - Sewing machine needles
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
