Turkey - Wadding - Market Analysis, Forecast, Size, Trends And Insights
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View PricingTurkey Wadding Prices Rise 10% on Average to $5,695/Ton After 5 Months of Gains
Turkey Wadding Export Price in January 2023
In January 2023, the wadding price stood at $5,695 per ton (FOB, Turkey), increasing by 10% against the previous month. Over the period from January 2022 to January 2023, it increased at an average monthly rate of +1.8%. The most prominent rate of growth was recorded in June 2022 an increase of 10% m-o-m. Over the period under review, the average export prices hit record highs in January 2023.
Prices varied noticeably by the country of destination: the country with the highest price was Georgia ($10,322 per ton), while the average price for exports to Italy ($2,911 per ton) was amongst the lowest.
From January 2022 to January 2023, the most notable rate of growth in terms of prices was recorded for supplies to Azerbaijan (+11.5%), while the prices for the other major destinations experienced more modest paces of growth.
| COUNTRY | Jan 2022 | Feb 2022 | Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Export Price of Wadding in Turkey (USD per ton) | |||||||||||||
| Georgia | 3,466 | 4,321 | 5,317 | 5,533 | 6,535 | 11,241 | 16,120 | 8,879 | 9,326 | 10,871 | 8,993 | 9,416 | 10,322 |
| Romania | 5,172 | 4,857 | 5,304 | 5,223 | 5,479 | 5,124 | 5,098 | 5,039 | 5,599 | 5,956 | 5,516 | 6,154 | 9,053 |
| Azerbaijan | 2,456 | 3,682 | 3,389 | 10,364 | 6,073 | 6,510 | 8,544 | 8,390 | 9,880 | 7,314 | 11,629 | 8,600 | 9,048 |
| Uzbekistan | N/A | 3,888 | 3,381 | 5,505 | 10,061 | 5,302 | 5,865 | 8,132 | 5,948 | 5,736 | 5,864 | 5,853 | 7,787 |
| Vietnam | 5,344 | 4,814 | 5,121 | 5,297 | 5,452 | 5,498 | 5,441 | 5,284 | 5,099 | 5,098 | 5,830 | 6,077 | 6,416 |
| Sudan | 5,588 | 5,644 | 5,452 | 5,191 | 5,542 | 5,904 | 5,420 | 5,990 | 6,293 | 5,996 | 5,770 | 9,773 | 6,105 |
| Bulgaria | 3,925 | 4,139 | 4,113 | 4,600 | 4,605 | 4,831 | 4,679 | 4,177 | 3,832 | 4,592 | 6,313 | 5,398 | 5,199 |
| United States | 6,265 | 4,272 | 4,856 | 4,707 | 5,115 | 4,798 | 4,599 | 5,629 | 4,972 | 5,080 | 5,104 | 5,092 | 4,922 |
| France | 4,090 | 4,094 | 4,050 | 4,124 | 4,176 | 4,071 | 4,070 | 4,116 | 4,058 | 4,409 | 4,144 | 4,547 | 4,763 |
| Poland | 3,823 | 5,029 | 2,698 | 3,126 | 2,507 | 3,798 | 2,411 | 1,945 | 2,345 | 1,942 | 2,147 | 3,275 | 4,434 |
| Germany | 4,110 | 3,917 | 3,849 | 4,244 | 3,856 | 3,763 | 3,702 | 3,702 | 3,565 | 3,638 | 3,923 | 4,069 | 4,300 |
| Spain | 3,588 | 3,555 | 3,514 | 3,579 | 3,299 | 3,450 | 3,108 | 3,736 | 2,943 | 3,229 | 3,507 | 3,639 | 3,970 |
| Italy | 3,528 | 3,000 | 5,591 | 1,000 | N/A | 3,118 | 2,500 | N/A | 2,104 | 6,105 | 3,455 | 3,738 | 2,911 |
| Average | 4,581 | 4,522 | 4,373 | 4,666 | 4,291 | 4,732 | 4,786 | 4,535 | 4,797 | 5,028 | 5,144 | 5,176 | 5,695 |
Turkey Wadding Exports
In January 2023, approximately 1.8K tons of wadding were exported from Turkey; growing by 6.7% on the previous month. The total export volume increased at an average monthly rate of +2.6% over the period from January 2022 to January 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain months. The most prominent rate of growth was recorded in March 2022 with an increase of 26% month-to-month.
In value terms, wadding exports soared to $10M (IndexBox estimates) in January 2023. Overall, total exports indicated tangible growth from January 2022 to January 2023: its value increased at an average monthly rate of +4.5% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2023 figures, exports decreased by -3.7% against September 2022 indices. The most prominent rate of growth was recorded in June 2022 when exports increased by 33% month-to-month.
Turkey Wadding Exports by Country
Germany (400 tons), the United States (307 tons) and Georgia (125 tons) were the main destinations of wadding exports from Turkey, together accounting for 47% of total exports. These countries were followed by Spain, Azerbaijan, Poland, Uzbekistan, France, Sudan, Bulgaria, Romania, Vietnam and Italy, which together accounted for a further 34%.
From January 2022 to January 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Uzbekistan (with a CAGR of +45.6%), while the other leaders experienced more modest paces of growth.
In value terms, Germany ($1.7M), the United States ($1.5M) and Georgia ($1.3M) appeared to be the largest markets for wadding exported from Turkey worldwide, with a combined 45% share of total exports. Azerbaijan, Uzbekistan, Romania, Sudan, Poland, France, Vietnam, Spain, Bulgaria and Italy lagged somewhat behind, together comprising a further 36%.
Among the main countries of destination, Uzbekistan, with a CAGR of +55.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the wadding 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 17221240 - Wadding, other articles of wadding
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
