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Turkey - Synthetic Filament Tow And Staple Fibers, Not Carded Or Combed - Market Analysis, Forecast, Size, Trends and Insights
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Article Publishing Date: Jan 26, 2023
Synthetic Filament Tow Price in Turkey Plummets to $1,965 per Ton
Turkey Synthetic Filament Tow Import Price in September 2022
In September 2022, the synthetic filament tow price amounted to $1,965 per ton (CIF, Turkey), reducing by -15.8% against the previous month. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2022 when the average import price increased by 14% m-o-m. The import price peaked at $2,356 per ton in July 2022; however, from August 2022 to September 2022, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Thailand ($4,149 per ton), while the price for Egypt ($1,262 per ton) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was attained by South Korea (+0.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Turkey Synthetic Filament Tow Import Prices by Type
Average prices varied somewhat amongst the major supplied products. In September 2022, the product with the highest price was synthetic filament tow ($2,460 per ton), while the price for synthetic staple fibres, not carded, combed or otherwise processed for spinning stood at $1,829 per ton.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was attained by synthetic staple fibres, not carded, combed or otherwise processed for spinning (-0.5%).
Turkey Synthetic Filament Tow Imports
Synthetic filament tow imports into Turkey declined to 24K tons in September 2022, which is down by -9.7% against the month before. Over the period under review, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in April 2022 with an increase of 51% against the previous month. As a result, imports attained the peak of 40K tons. From May 2022 to September 2022, the growth of imports remained at a lower figure.
In value terms, synthetic filament tow imports reduced remarkably to $46M (IndexBox estimates) in September 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2022 with an increase of 34% m-o-m. Over the period under review, imports attained the peak figure at 78K tons in April 2022; however, from May 2022 to September 2022, imports failed to regain momentum.
Turkey Synthetic Filament Tow Imports by Type
In September 2022, synthetic staple fibres, not carded, combed or otherwise processed for spinning (18K tons) constituted the largest type of synthetic filament tow supplied to Turkey, with a 78% share of total imports. Moreover, synthetic staple fibres, not carded, combed or otherwise processed for spinning exceeded the figures recorded for the second-largest type, synthetic filament tow (5.1K tons), fourfold.
From January 2022 to September 2022, the average monthly growth rate of the volume of import of synthetic staple fibres, not carded, combed or otherwise processed for spinning was relatively modest.
In value terms, synthetic staple fibres, not carded, combed or otherwise processed for spinning ($34M) constituted the largest type of synthetic filament tow supplied to Turkey, comprising 73% of total imports. The second position in the ranking was held by synthetic filament tow ($13M), with a 27% share of total imports.
Turkey Synthetic Filament Tow Imports by Country
China (7.4K tons), Malaysia (3.8K tons) and South Korea (3.2K tons) were the main suppliers of synthetic filament tow imports to Turkey, with a combined 61% share of total imports.
From January 2022 to September 2022, the biggest increases were in China (with a CAGR of +10.0%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, China ($15M) constituted the largest supplier of synthetic filament tow to Turkey, comprising 33% of total imports. The second position in the ranking was held by South Korea ($7.1M), with a 15% share of total imports. It was followed by Malaysia, with a 12% share.
From January 2022 to September 2022, the average monthly growth rate of value from China amounted to +8.4%. The remaining supplying countries recorded the following average monthly rates of imports growth: South Korea (+2.7% per month) and Malaysia (-3.6% per month).
Factors Affecting Synthetic Filament Tow Prices
Turkey is one of the world's leading producers of synthetic filament tow, a key raw material used in the manufacture of a wide range of products, from textiles and carpets to tire cords and fishing lines.
Synthetic filament tow prices in Turkey have been on the rise in recent years due to a number of factors. The first is the increasing cost of raw materials, which has been driven by strong demand from China.
Second is the Turkish government's decision to increase import tariffs on a range of synthetic fibers, including polyester and nylon. This has made it more expensive for Turkish manufacturers to purchase raw materials and has led to an increase in the price of finished goods.
Finally, there has been a general increase in transportation costs, as fuel prices have risen around the world. All of these factors have contributed to an increase in synthetic filament tow prices in Turkey.
This report provides an in-depth analysis of the synthetic filament tow 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 20601110 - Aramids staple, not carded, combed or otherwise processed for spinning
• Prodcom 20601120 - Other polyamide tow and staple, not carded, combed or otherwise processed for spinning
• Prodcom 20601130 - Polyester tow and staple, not carded, combed or otherwise processed for spinning
• Prodcom 20601140 - Acrylic tow and staple, not carded, combed or otherwise processed for spinning
• Prodcom 20601150 - Polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning
• Prodcom 20601190 - Other synthetic tow and staple not carded, combed or otherwise processed for spinning
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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
2.1
KEY FINDINGS
2.2
MARKET TRENDS
This Chapter is Available Only for the Professional Edition
PRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2022
Figure 21:
Production, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, 2012–2022
Figure 23:
Imports, In Value Terms, 2012–2022
Figure 24:
Imports, In Physical Terms, By Country, 2022
Figure 25:
Imports, In Physical Terms, By Country, 2012–2022
Figure 26:
Imports, In Value Terms, By Country, 2012–2022
Figure 27:
Import Prices, By Country Of Origin, 2012–2022
Figure 28:
Exports, In Physical Terms, 2012–2022
Figure 29:
Exports, In Value Terms, 2012–2022
Figure 30:
Exports, In Physical Terms, By Country, 2022
Figure 31:
Exports, In Physical Terms, By Country, 2012–2022
Figure 32:
Exports, In Value Terms, By Country, 2012–2022
Figure 33:
Export Prices, By Country Of Destination, 2012–2022
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