The market is dominated by domestic suppliers, as imports account for 19.2% of total market size in 2023. Households drive market demand, with household spending representing 79.7% of total demand in 2023. Turkey has the fifth largest market size for knitted and crocheted articles regionally, with demand reaching USD5.6 billion in 2023. The total number of companies increases in 2023, to 9,731 units. The costs of the industry increase by 17.9% in 2023, largely driven by rising B2B costs. The industry’s profitability increases and stands at 35.5% of production value in 2023, the second highest regionally. The industry’s exports share decreases in 2023 to 65.6% of total production output. With production value of USD11.0 billion, Turkey accounts for 41.8% of the Western Europe total in 2023.
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This Euromonitor industrial report provides unique information on Knitted and Crocheted Articles in Turkey: ISIC 173. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Knitted and Crocheted Articles in Turkey: ISIC 173 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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