Turkey - Cotton Yarn - Market Analysis, Forecast, Size, Trends And Insights
Update: COVID-19 Impact
Turkish Cotton Yarn Market Is Set to Reach 1.3K Tonnes
IndexBox has just published a new report "Turkey: Cotton Yarn - Market Report. Analysis And Forecast To 2025". Here is a summary of the report’s key findings.
Turkish Cotton Yarn Consumption Declined over the Past Two Year Period
In 2016, the Turkish cotton yarn market stood at X thousand tonnes. There was a noticeable drop in the level of consumption over the 2008-2009 period; this was then followed by recovery over the next five years, until it dropped again in 2015-2016. In value terms, the market stood at X million USD (IndexBox estimates).
Projections Indicate that Turkish Cotton Yarn Consumption Is Set to Reach X Thousand Tonnes
The key driver of cotton yarn market growth in Turkey is a stable demand from the textile industry. However, only a very modest rate of growth of cotton yarn consumption is expected, following a slow expansion of the key export markets for textile and garment, and competition from synthetic materials.
As projected, cotton yarn consumption is set to increase in the medium term with an anticipated CAGR of +X% for the period from 2016 to 2025, which is projected to lead the market volume to X thousand tonnes by the end of 2025.
After Regaining Pre-crisis Figures, Cotton Yarn Production Declined over the Past Two Years
Turkey is one of the key producers of cotton yarn in the world. Approx. X% of domestic consumption is met through domestic output.
The production of cotton yarn in Turkey dropped to X thousand tonnes in 2016, which was X% less than the year before. After the period of decline seen from 2008-2009, the production volume demonstrated a positive dynamic, however it dropped again from 2015-2016. In value terms, it stood at X million USD, or X% more than previous year.
EU Countries Constituted the Main Destinations for Cotton Yarn Exports
Turkey exported X thousand tonnes of cotton yarn in 2016; this figure fell over the last year, after a significant growth by X% in 2015. In value terms, exports remained relatively stable over the last four years, after contracting X% in 2011. In 2016, export value stood at X million USD.
In 2016, the main destinations for Turkish cotton yarn exports were Italy (X%), Portugal (X%), Germany (X%), Poland (X%) and Spain (X%). The share exported to Spain (+X percentage points) and Portugal (+X percentage points) increased, while the share sent to Poland (-X percentage points) illustrated a negative dynamic. The shares of the other countries remained relatively stable throughout the analyzed period.
Turkmenistan appeared as a key supplier of cotton yarn The volume of Turkish cotton yarn imports totalled X thousand tonnes in 2016, expanding by X% over the last year. In value terms, imports increased by X% to X million USD. In physical and value terms, wild fluctuations were noted from 2007 to 2016.
Turkmenistan (X%, based on tonnes), followed by Viet Nam lagging somewhat behind (X%), Uzbekistan (X%), India (X%) and Pakistan (X%) were the main suppliers of cotton yarn to Turkey, with a combined share of X% of total imports in 2016.
Turkmenistan and Viet Nam significantly strengthened their position in Turkish imports by +X percentage points and +X percentage points, respectively, from 2007 to 2016.
Do you want to know more about the Turkish cotton yarn market? Get the latest trends and insight from our report. It includes a wide range of statistics on
- cotton yarn market share
- cotton yarn prices
- cotton yarn industry
- cotton yarn sales
- cotton yarn import
- cotton yarn export
- cotton yarn market forecast
- cotton yarn price forecast
- key cotton yarn producers
Source: IndexBox Platform
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 2025.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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