Price for Silk; Woven Fabrics of Noil Silk in Turkey - 2024

Contents:

  1. Price for Silk; Woven Fabrics of Noil Silk in Turkey (FOB) - 2022
  2. Price for Silk; Woven Fabrics of Noil Silk in Turkey (CIF) - 2022
  3. Exports of Silk; Woven Fabrics of Noil Silk in Turkey
  4. Imports of Silk; Woven Fabrics of Noil Silk in Turkey

Price for Silk; Woven Fabrics of Noil Silk in Turkey (FOB) - 2022

The average export price for silk; woven fabrics of noil silks stood at $5,861 per ton in 2022, dropping by -28.3% against the previous year. In general, the export price recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2016 an increase of 39%. The export price peaked at $11,162 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lithuania ($14,782 per ton), while the average price for exports to Kazakhstan ($994 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkmenistan (-4.7%), while the prices for the other major destinations experienced a decline.

Price for Silk; Woven Fabrics of Noil Silk in Turkey (CIF) - 2022

The average import price for silk; woven fabrics of noil silks stood at $73,177 per ton in 2022, growing by 54% against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average import price increased by 145%. Over the period under review, average import prices hit record highs at $94,793 per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($141,250 per ton), while the price for the United Arab Emirates ($11,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+6.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Silk; Woven Fabrics of Noil Silk in Turkey

In 2022, overseas shipments of silk; woven fabrics of noil silks decreased by -98.5% to 4.3 tons, falling for the second year in a row after two years of growth. In general, exports saw a sharp shrinkage. The growth pace was the most rapid in 2020 with an increase of 4,714%. As a result, the exports attained the peak of 949 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of silk; woven fabrics of noil silks dropped notably to $25K in 2022. Overall, exports recorded a precipitous contraction. The growth pace was the most rapid in 2020 with an increase of 3,648%. As a result, the exports reached the peak of $6.2M. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Export of Silk; Woven Fabrics of Noil Silk in Turkey (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
KazakhstanN/AN/AN/AN/A0%
Iraq0.16.22.4N/A389.9%
LithuaniaN/AN/AN/AN/A0%
TajikistanN/AN/AN/AN/A0%
TurkmenistanN/AN/AN/AN/A0%
OthersN/AN/AN/AN/A0%
Total0.26.22.4N/A246.4%

Top Export Markets for Silk; Woven Fabrics of Noil Silk from Turkey in 2022:

  1. Tajikistan (2102.0 kg)
  2. Lithuania (957.0 kg)
  3. Turkmenistan (743.0 kg)
  4. Kazakhstan (317.0 kg)
  5. Iraq (111.0 kg)

Imports of Silk; Woven Fabrics of Noil Silk in Turkey

In 2022, imports of silk; woven fabrics of noil silks into Turkey declined remarkably to 209 kg, reducing by -86.8% compared with the previous year. Overall, imports recorded a precipitous decline. The growth pace was the most rapid in 2021 with an increase of 1,434%. As a result, imports attained the peak of 1.6 tons, and then declined notably in the following year.

In value terms, imports of silk; woven fabrics of noil silks shrank sharply to $15K in 2022. In general, imports faced a sharp shrinkage. The pace of growth was the most pronounced in 2021 when imports increased by 779% against the previous year. As a result, imports attained the peak of $75K, and then contracted notably in the following year.

Import of Silk; Woven Fabrics of Noil Silk in Turkey (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Italy37.77.759.014.1-28.0%
United StatesN/AN/A0.70.6-14.3%
SpainN/AN/A0.2N/A0%
China1.9N/A11.8N/A149.2%
Others2.90.93.20.6-40.9%
Total42.58.574.915.3-28.9%

Top Suppliers of Silk; Woven Fabrics of Noil Silk to Turkey in 2022:

  1. Italy (188.0 kg)
  2. United States (4.0 kg)
  3. China (1.0 kg)

Source: IndexBox Market Intelligence Platform

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