Turkey - Cotton Yarn - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCotton Yarn Price in Turkey - 2023
Contents:
- Cotton Yarn Price in Turkey (FOB) - 2023
- Cotton Yarn Price in Turkey (CIF) - 2023
- Cotton Yarn Exports in Turkey
- Cotton Yarn Imports in Turkey
Cotton Yarn Price in Turkey (FOB) - 2023
The average cotton yarn export price stood at $3,722 per ton in July 2023, which is down by -6.9% against the previous month. Overall, the export price continues to indicate a mild decline. The most prominent rate of growth was recorded in June 2023 an increase of 7.3% m-o-m. Over the period under review, the average export prices hit record highs at $4,407 per ton in July 2022; however, from August 2022 to July 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Bulgaria ($4,204 per ton), while the average price for exports to Indonesia ($1,588 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+1.9%), while the prices for the other major destinations experienced mixed trend patterns.
Cotton Yarn Price in Turkey (CIF) - 2023
In July 2023, the average cotton yarn import price amounted to $2,996 per ton, declining by -4% against the previous month. Over the period under review, the import price recorded a perceptible downturn. The pace of growth appeared the most rapid in October 2022 when the average import price increased by 3.6% against the previous month. The import price peaked at $4,397 per ton in July 2022; however, from August 2022 to July 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was India ($3,530 per ton), while the price for Turkmenistan ($2,070 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Azerbaijan (-2.7%), while the prices for the other major suppliers experienced a decline.
Cotton Yarn Exports in Turkey
In 2022, exports of cotton yarn from Turkey dropped markedly to 181K tons, waning by -24.3% on 2021 figures. In general, total exports indicated a slight increase from 2019 to 2022: its volume increased at an average annual rate of +1.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +12.3% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 48%. As a result, the exports reached the peak of 239K tons, and then reduced rapidly in the following year.
In value terms, cotton yarn exports fell to $817M in 2022. Overall, exports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 94%. As a result, the exports reached the peak of $912M, and then reduced in the following year.
Export of Cotton Yarn in Turkey (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Italy | 103 | 84.0 | 175 | 159 | 15.6% |
Portugal | 75.1 | 62.0 | 179 | 133 | 21.0% |
Egypt | 40.6 | 42.0 | 79.6 | 99.9 | 35.0% |
Morocco | 5.2 | 5.2 | 13.1 | 58.4 | 123.9% |
Germany | 31.2 | 31.6 | 39.2 | 39.7 | 8.4% |
France | 10.7 | 10.1 | 19.6 | 28.8 | 39.1% |
Bulgaria | 20.3 | 19.4 | 31.7 | 24.0 | 5.7% |
Greece | 14.3 | 14.3 | 24.6 | 22.9 | 17.0% |
Spain | 22.2 | 15.0 | 23.9 | 20.5 | -2.6% |
Tunisia | 12.9 | 9.2 | 14.3 | 17.4 | 10.5% |
Russia | 6.7 | 5.0 | 6.3 | 16.5 | 35.0% |
Algeria | 9.6 | 6.5 | 10.7 | 11.5 | 6.2% |
Ukraine | 10.1 | 8.1 | 10.0 | 9.1 | -3.4% |
Others | 153 | 157 | 285 | 176 | 4.8% |
Total | 515 | 470 | 912 | 817 | 16.6% |
Top Export Markets for Cotton Yarn from Turkey in 2022:
- Italy (29.8K tons)
- Portugal (28.5K tons)
- Egypt (21.1K tons)
- Morocco (13.0K tons)
- Germany (8.1K tons)
- Spain (6.3K tons)
- Algeria (4.6K tons)
- Greece (4.6K tons)
- Russia (4.6K tons)
- Bulgaria (4.6K tons)
- Tunisia (4.1K tons)
- Ukraine (4.0K tons)
- France (4.0K tons)
Cotton Yarn Imports in Turkey
For the fourth year in a row, Turkey recorded growth in overseas purchases of cotton yarn, which increased by 5.9% to 255K tons in 2022. The total import volume increased at an average annual rate of +7.1% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 14% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.
In value terms, cotton yarn imports skyrocketed to $1.1B in 2022. Overall, imports showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 57%. Imports peaked in 2022 and are expected to retain growth in the near future.
Import of Cotton Yarn in Turkey (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Uzbekistan | 199 | 211 | 429 | 558 | 41.0% |
India | 53.5 | 74.0 | 88.1 | 191 | 52.8% |
Turkmenistan | 110 | 95.0 | 141 | 123 | 3.8% |
Pakistan | 54.3 | 40.1 | 33.2 | 52.6 | -1.1% |
Egypt | 21.6 | 19.6 | 21.3 | 31.8 | 13.8% |
Azerbaijan | 20.1 | 12.6 | 50.2 | 28.1 | 11.8% |
Tajikistan | 17.6 | 15.5 | 12.8 | 15.9 | -3.3% |
Vietnam | 55.8 | 21.2 | 3.2 | 11.5 | -40.9% |
Others | 32.6 | 22.8 | 26.1 | 44.2 | 10.7% |
Total | 565 | 512 | 804 | 1,057 | 23.2% |
Top Suppliers of Cotton Yarn to Turkey in 2022:
- Uzbekistan (141.5K tons)
- Turkmenistan (40.9K tons)
- India (37.2K tons)
- Pakistan (11.7K tons)
- Azerbaijan (6.8K tons)
- Egypt (4.1K tons)
- Tajikistan (3.5K tons)
- Vietnam (3.1K tons)
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
This report provides an in-depth analysis of the cotton yarn market in Turkey.
This report provides an in-depth analysis of the global cotton yarn market.
This report provides an in-depth analysis of the cotton yarn market in Turkey.
This report provides an in-depth analysis of the global cotton yarn market.
Cotton Yarn experienced a significant growth of 25% in March 2023, but saw a decrease in imports to $33M in December 2023.
In 2016, the Turkish cotton yarn market stood at X thousand tons. 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.
Learn about the world's best import markets for cotton yarn and how they drive the global textile industry. Discover the top players and find out how these countries rely on imports to meet their cotton yarn requirements.
After two years of growth, the global cotton yarn market decreased by -2.8% to $77.2B in 2019. China ($38.9B) led the market, alone. The second position in the ranking was occupied by India ($12.8B). It was followed by Pakistan.
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