Price for Textile Machinery; Spinning Machines in Turkey - 2023
Contents:
- Price for Textile Machinery; Spinning Machines in Turkey (CIF) - 2023
- Price for Textile Machinery; Spinning Machines in Turkey (FOB) - 2022
- Imports of Textile Machinery; Spinning Machines in Turkey
- Exports of Textile Machinery; Spinning Machines in Turkey
Price for Textile Machinery; Spinning Machines in Turkey (CIF) - 2023
The average textile machinery; spinning machines import price stood at $475K per unit in September 2023, rising by 48% against the previous month. Over the period under review, the import price saw a remarkable increase. The growth pace was the most rapid in July 2023 when the average import price increased by 112% month-to-month. Over the period under review, average import prices attained the peak figure at $501K per unit in April 2023; afterwards, it flattened through to September 2023.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was the Czech Republic ($1.8M per unit), while the price for Italy ($44,696 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+18.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Textile Machinery; Spinning Machines in Turkey (FOB) - 2022
The average textile machinery; spinning machines export price stood at $16,009 per unit in 2022, approximately equating the previous year. Overall, the export price continues to indicate a deep reduction. The pace of growth appeared the most rapid in 2014 an increase of 108% against the previous year. As a result, the export price attained the peak level of $54,782 per unit. From 2015 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($33,750 per unit), while the average price for exports to the Czech Republic ($1,298 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkmenistan (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Textile Machinery; Spinning Machines in Turkey
For the fourth consecutive year, Turkey recorded growth in purchases abroad of textile machinery; spinning machineses, which increased by 44% to 864 units in 2022. Overall, imports showed a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 72% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, textile machinery; spinning machines imports surged to $246M in 2022. In general, imports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 158%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.
| Import of Textile Machinery; Spinning Machines in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 18.8 | 37.4 | 67.8 | 97.4 | 73.0% |
| Germany | 4.7 | 59.2 | 78.4 | 57.9 | 131.0% |
| Japan | 6.1 | 10.4 | 18.6 | 36.8 | 82.0% |
| China | 5.4 | 13.7 | 14.2 | 31.1 | 79.2% |
| Czech Republic | 0.1 | 1.8 | 2.7 | 19.7 | 481.9% |
| Italy | 0.4 | 1.0 | 2.0 | 2.4 | 81.7% |
| Switzerland | 16.0 | 9.8 | 0.3 | 0.1 | -81.6% |
| Others | 0.3 | 0.3 | 0.6 | 0.1 | -30.7% |
| Total | 51.8 | 133 | 185 | 246 | 68.1% |
Top Suppliers of Textile Machinery; Spinning Machines to Turkey in 2022:
- India (363.0 units)
- Germany (171.0 units)
- China (127.0 units)
- Japan (120.0 units)
- Czech Republic (57.0 units)
- Italy (22.0 units)
- Switzerland (1.0 units)
Exports of Textile Machinery; Spinning Machines in Turkey
After three years of growth, shipments abroad of textile machinery; spinning machineses decreased by -50.2% to 212 units in 2022. In general, exports, however, saw a buoyant increase. The pace of growth appeared the most rapid in 2020 with an increase of 54%. The exports peaked at 426 units in 2021, and then contracted markedly in the following year.
In value terms, textile machinery; spinning machines exports contracted markedly to $3.4M in 2022. Overall, exports faced a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 78%. As a result, the exports attained the peak of $6.9M, and then shrank rapidly in the following year.
| Export of Textile Machinery; Spinning Machines in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iran | 1,922 | 1,238 | 1,871 | 1,135 | -16.1% |
| Uzbekistan | 274 | 481 | 2,367 | 721 | 38.1% |
| Turkmenistan | 876 | 23.5 | 117 | 606 | -11.6% |
| Egypt | 195 | 73.8 | 270 | 274 | 12.0% |
| India | 836 | 938 | N/A | 216 | -36.3% |
| Brazil | N/A | N/A | 24.0 | 135 | 462.5% |
| Finland | N/A | N/A | N/A | 81.7 | 0% |
| United States | 1,034 | N/A | 382 | 53.3 | -62.8% |
| Pakistan | 92.2 | 506 | 210 | N/A | 50.9% |
| Others | 384 | 613 | 1,672 | 172 | -23.5% |
| Total | 5,615 | 3,873 | 6,914 | 3,394 | -15.4% |
Top Export Markets for Textile Machinery; Spinning Machines from Turkey in 2022:
- Iran (77.0 units)
- Egypt (40.0 units)
- Turkmenistan (34.0 units)
- Uzbekistan (26.0 units)
- India (11.0 units)
- Brazil (4.0 units)
- Finland (4.0 units)
- United States (1.0 units)
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