Price for Cotton; Yarn Waste (Including Thread Waste) in Turkey - 2024

Price for Cotton; Yarn Waste (Including Thread Waste) in Turkey (CIF) - 2024

In January 2024, the average import price for cotton; yarn waste (including thread waste) amounted to $790 per ton, with a decrease of -14.2% against the previous month. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 when the average import price increased by 24% m-o-m. As a result, import price attained the peak level of $1,202 per ton. From April 2023 to January 2024, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Uzbekistan ($1,090 per ton), while the price for Kazakhstan ($567 per ton) was amongst the lowest.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+0.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Cotton; Yarn Waste (Including Thread Waste) in Turkey (FOB) - 2024

The average export price for cotton; yarn waste (including thread waste) stood at $566 per ton in January 2024, rising by 4.9% against the previous month. Overall, the export price, however, showed a drastic downturn. The pace of growth appeared the most rapid in March 2023 an increase of 74% m-o-m. The export price peaked at $1,165 per ton in January 2023; however, from February 2023 to January 2024, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Vietnam ($1,288 per ton), while the average price for exports to the United States ($392 per ton) was amongst the lowest.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cotton; Yarn Waste (Including Thread Waste) in Turkey

In 2022, after three years of growth, there was significant decline in purchases abroad of cotton; yarn waste (including thread waste), when their volume decreased by -13.8% to 9.1K tons. In general, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +16.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.6% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 54% against the previous year. As a result, imports attained the peak of 11K tons, and then dropped in the following year.

In value terms, imports of cotton; yarn waste (including thread waste) contracted sharply to $9.1M in 2022. Overall, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 101% against the previous year. As a result, imports reached the peak of $11M, and then contracted markedly in the following year.

Import of Cotton; Yarn Waste (Including Thread Waste) in Turkey (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Turkmenistan	2.5	1.8	5.8	3.7	14.0%
Uzbekistan	1.5	2.5	3.8	1.9	8.2%
Cote d'Ivoire	N/A	N/A	0.1	1.4	1300.0%
Mali	N/A	0.1	0.1	0.5	123.6%
Burkina Faso	N/A	N/A	N/A	0.5	0%
Iran	N/A	N/A	0.1	0.3	200.0%
Algeria	N/A	N/A	0.1	0.2	100.0%
Benin	N/A	0.5	0.4	0.1	-55.3%
Syrian Arab Republic	N/A	0.4	N/A	N/A	0%
Others	0.2	0.1	0.4	0.6	44.2%
Total	4.2	5.4	10.8	9.1	29.4%

Top Suppliers of Cotton; Yarn Waste (Including Thread Waste) to Turkey in 2022:

Turkmenistan (3.6K tons)
Uzbekistan (1.6K tons)
Cote d'Ivoire (1.3K tons)
Burkina Faso (0.5K tons)
Iran (0.4K tons)
Algeria (0.4K tons)
Mali (0.4K tons)
Benin (0.1K tons)

Exports of Cotton; Yarn Waste (Including Thread Waste) in Turkey

In 2022, approx. 5.5K tons of cotton; yarn waste (including thread waste) were exported from Turkey; surging by 11% compared with 2021. Over the period under review, exports posted a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 43%. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of cotton; yarn waste (including thread waste) skyrocketed to $5.4M in 2022. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 75%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the near future.

Export of Cotton; Yarn Waste (Including Thread Waste) in Turkey (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Pakistan	344	142	1,021	2,223	86.3%
Bangladesh	N/A	N/A	N/A	1,119	0%
Portugal	N/A	156	412	386	57.3%
Egypt	N/A	164	874	345	45.0%
Sweden	20.8	N/A	9.0	299	143.1%
Spain	395	664	499	277	-11.2%
United States	55.0	94.7	130	180	48.5%
Germany	178	542	88.0	124	-11.4%
Brazil	93.7	N/A	N/A	89.1	-1.7%
China	N/A	N/A	723	N/A	0%
United Kingdom	746	17.2	1.4	N/A	-95.7%
Others	157	561	346	325	27.4%
Total	1,989	2,341	4,104	5,367	39.2%