Turkey: Household Sewing Machine Market 2024

Household Sewing Machine Market Size in Turkey

The Turkish household sewing machine market contracted slightly to $X in 2023, waning by X% against 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). In general, consumption saw a slight downturn. As a result, consumption reached the peak level of $X. From 2015 to 2023, the growth of the market failed to regain momentum.

Household Sewing Machine Exports

Exports from Turkey

In 2023, exports of household sewing machines from Turkey rose remarkably to X units, increasing by X% on 2022 figures. Over the period under review, exports recorded buoyant growth. The growth pace was the most rapid in 2022 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2023 and are expected to retain growth in years to come.

In value terms, household sewing machine exports surged to $X in 2023. Overall, exports saw a prominent expansion. The pace of growth was the most pronounced in 2014 when exports increased by X%. The exports peaked in 2023 and are expected to retain growth in years to come.

Exports by Country

Russia (X units), Azerbaijan (X units) and Belarus (X units) were the main destinations of household sewing machine exports from Turkey, with a combined X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belarus (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) remains the key foreign market for household sewing machines exports from Turkey, comprising X% of total exports. The second position in the ranking was held by Azerbaijan ($X), with an X% share of total exports. It was followed by Belarus, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Russia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Azerbaijan (X% per year) and Belarus (X% per year).

Export Prices by Country

In 2023, the average household sewing machine export price amounted to $X per unit, surging by X% against the previous year. In general, the export price, however, recorded a perceptible descent. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2023, 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 Iraq ($X per unit), while the average price for exports to Mauritius ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (X%), while the prices for the other major destinations experienced more modest paces of growth.

Household Sewing Machine Imports

Imports into Turkey

In 2023, approx. X units of household sewing machines were imported into Turkey; reducing by X% on the previous year. In general, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when imports increased by X%. As a result, imports reached the peak of X units. From 2015 to 2023, the growth of imports failed to regain momentum.

In value terms, household sewing machine imports rose to $X in 2023. Over the period under review, imports continue to indicate a slight contraction. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Vietnam (X units) constituted the largest supplier of household sewing machine to Turkey, accounting for a X% share of total imports. Moreover, household sewing machine imports from Vietnam exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The third position in this ranking was taken by Thailand (X units), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Vietnam stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Thailand (X% per year).

In value terms, Vietnam ($X) constituted the largest supplier of household sewing machines to Turkey, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Thailand, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from Vietnam totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Thailand (X% per year).

Import Prices by Country

In 2023, the average household sewing machine import price amounted to $X per unit, growing by X% against the previous year. Overall, the import price, however, showed a mild downturn. The growth pace was the most rapid in 2022 when the average import price increased by X%. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform