Woolen Fabric Market Overview in Turkey
In value terms, woolen fabric production rose sharply to $ in 2019 estimated in export prices. Over the period under review, production saw a buoyant increase. The pace of growth was the most pronounced in 2010 with an increase of % y-o-y. Over the period under review, production reached the peak level in 2019 and is expected to retain growth in the immediate term.
The value of the woolen fabric market in Turkey declined modestly to $ in 2019, approximately reflecting 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). Over the period under review, consumption recorded a pronounced shrinkage. The pace of growth appeared the most rapid in 2011 with an increase of % year-to-year. Woolen fabric consumption peaked at $ in 2007; however, from 2008 to 2019, consumption remained at a lower figure.