Turkey - Cotton Yarn - Market Analysis, Forecast, Size, Trends And Insights
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View PricingTurkey's December 2023 Import of Cotton Yarn Decreases Significantly to $33 Million
Turkey Cotton Yarn Imports
In December 2023, the amount of cotton yarn imported into Turkey declined to 12K tons, which is down by -8% on the previous month. Over the period under review, imports recorded a noticeable contraction. The pace of growth was the most pronounced in March 2023 with an increase of 25% against the previous month.
In value terms, cotton yarn imports declined to $33M (IndexBox estimates) in December 2023. Overall, imports continue to indicate a pronounced contraction. The pace of growth appeared the most rapid in March 2023 when imports increased by 26% m-o-m.
| COUNTRY | Import Value of Cotton Yarn in Turkey (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | Oct 2023 | Nov 2023 | Dec 2023 | |
| Uzbekistan | 33.0 | 40.1 | 34.0 | 40.8 | 36.9 | 37.8 | 24.8 | 25.7 | 13.7 | 12.7 | 14.1 | 18.6 | 18.7 |
| Turkmenistan | 6.2 | 5.8 | 5.6 | 8.7 | 8.0 | 8.4 | 6.4 | 9.9 | 7.2 | 6.6 | 6.6 | 7.4 | 5.7 |
| India | 4.5 | 4.5 | 5.7 | 7.6 | 15.3 | 31.6 | 20.3 | 19.7 | 21.4 | 13.4 | 8.7 | 5.5 | 3.9 |
| Pakistan | 1.9 | 1.9 | 2.5 | 2.8 | 1.7 | 2.5 | 3.3 | 3.0 | 3.9 | 2.5 | 2.0 | 2.3 | 2.1 |
| Azerbaijan | 1.8 | 1.7 | 2.5 | 5.2 | 3.1 | 2.1 | 1.3 | 2.3 | 1.1 | 1.5 | 2.1 | 2.2 | 0.4 |
| Others | 6.2 | 6.2 | 5.1 | 4.6 | 4.5 | 4.1 | 4.0 | 4.1 | 2.6 | 2.7 | 2.6 | 2.6 | 2.2 |
| Total | 53.7 | 60.3 | 55.4 | 69.7 | 69.4 | 86.4 | 60.1 | 64.7 | 49.9 | 39.4 | 36.2 | 38.5 | 33.0 |
Imports by Country
In December 2023, Uzbekistan (7.1K tons) constituted the largest cotton yarn supplier to Turkey, accounting for a 58% share of total imports. Moreover, cotton yarn imports from Uzbekistan exceeded the figures recorded by the second-largest supplier, Turkmenistan (3.2K tons), twofold. The third position in this ranking was held by India (945 tons), with a 7.6% share.
From December 2022 to December 2023, the average monthly rate of growth in terms of volume from Uzbekistan stood at -3.4%. The remaining supplying countries recorded the following average monthly rates of imports growth: Turkmenistan (+1.9% per month) and India (-0.5% per month).
In value terms, Uzbekistan ($19M) constituted the largest supplier of cotton yarn to Turkey, comprising 57% of total imports. The second position in the ranking was taken by Turkmenistan ($5.7M), with a 17% share of total imports. It was followed by India, with a 12% share.
From December 2022 to December 2023, the average monthly rate of growth in terms of value from Uzbekistan stood at -4.6%. The remaining supplying countries recorded the following average monthly rates of imports growth: Turkmenistan (-0.7% per month) and India (-1.3% per month).
Imports by Type
In December 2023, cotton yarn (other than sewing thread), containing 85% or more by weight of cotton, not put up for retail sale (12K tons) was the main type of cotton yarn supplied to Turkey, accounting for a 97% share of total imports. It was followed by cotton yarn (other than sewing thread), containing less than 85% by weight of cotton, not put up for retail sale (389 tons), with a 3.1% share of total imports.
From December 2022 to December 2023, the average monthly growth rate of the volume of import of cotton yarn (other than sewing thread), containing 85% or more by weight of cotton, not put up for retail sale stood at -2.3%. With regard to the other supplied products, the following average monthly rates of growth were recorded: cotton yarn (other than sewing thread), containing less than 85% by weight of cotton, not put up for retail sale (-5.8% per month) and cotton yarn (other than sewing thread), put up for retail sale (+8.3% per month).
In value terms, cotton yarn (other than sewing thread), containing 85% or more by weight of cotton, not put up for retail sale ($31M) constituted the largest type of cotton yarn supplied to Turkey, comprising 94% of total imports. The second position in the ranking was taken by cotton yarn (other than sewing thread), containing less than 85% by weight of cotton, not put up for retail sale ($1.6M), with a 4.9% share of total imports.
Import Prices by Country
In December 2023, the cotton yarn price amounted to $2,665 per ton (CIF, Turkey), declining by -7% against the previous month. Over the period under review, the import price saw a slight shrinkage. The pace of growth was the most pronounced in April 2023 when the average import price increased by 1.3% month-to-month. The import price peaked at $3,221 per ton in December 2022; however, from January 2023 to December 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was India ($4,130 per ton), while the price for Turkmenistan ($1,778 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Azerbaijan (-0.1%), while the prices for the other major suppliers experienced a decline.
This report provides an in-depth analysis of the cotton yarn market in Turkey. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 13106160 - Cotton yarn, p.r.s. (excluding sewing thread)
- Prodcom 131061Z1 - Cotton yarn of uncombed fibres, n.p.r.s.
- Prodcom 131061Z2 - Cotton yarn of combed fibres, n.p.r.s.
- Prodcom 13106132 - Yarn of uncombed cotton, n.p.r.s., for woven fabrics (excluding for carpets and floor coverings)
- Prodcom 13106133 - Yarn of uncombed cotton, n.p.r.s., for knitted fabrics and hosiery
- Prodcom 13106135 - Yarn of uncombed cotton, n.p.r.s., for other uses (including carpets and floor coverings)
- Prodcom 13106152 - Yarn of combed cotton, n.p.r.s., for woven fabrics (excluding for carpets and floor coverings)
- Prodcom 13106153 - Yarn of combed cotton, n.p.r.s., for knitted fabrics and hosiery
- Prodcom 13106155 - Yarn of combed cotton, n.p.r.s., for other uses (including carpets and floor coverings)
Country coverage:
- Turkey
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Turkey
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
