The market is dominated by domestic suppliers, as imports account for 3.1% of total market size in 2023. Households drive market demand, with household spending representing 78.5% of total demand in 2023. Turkey has the second largest market size for carpets and rugs regionally, with demand reaching USD3.1 billion in 2023. Merinos Hali San ve Tic AS is the largest company in Turkey, generating 3.2% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 5.6% of total production value in 2023. The total number of companies increases in 2023, to 1,614 units. The costs of the industry increase by 19.7% in 2023, largely driven by rising B2B costs. The industry’s profitability increases and stands at 28.2% of production value in 2023, the highest regionally. The industry’s exports share decreases in 2023 to 48.7% of total production output. With production value of USD4.2 billion, Turkey accounts for 36.9% of the Western Europe total in 2023.
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This Euromonitor industrial report provides unique information on Carpets and Rugs in Turkey: ISIC 1722. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Carpets and Rugs in Turkey: ISIC 1722 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of cordage, rope, twine and netting, finishing of textiles, made-up textile articles, spinning of textile fibers; weaving of textiles, tanning and dressing of leather, and technical textiles, labels, badges and other textile products.
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