Turkey - Glass Fiber Filaments - Market Analysis, Forecast, Size, Trends and Insights
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View PricingGlass Fibre Filament Price in Turkey - 2023
Contents:
- Glass Fibre Filament Price in Turkey (CIF) - 2023
- Glass Fibre Filament Price in Turkey (FOB) - 2023
- Glass Fibre Filament Imports in Turkey
- Glass Fibre Filament Exports in Turkey
Glass Fibre Filament Price in Turkey (CIF) - 2023
The average glass fibre filament import price stood at $908 per ton in July 2023, therefore, remained relatively stable against the previous month. In general, the import price, however, showed a perceptible slump. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 10% month-to-month. The import price peaked at $1,462 per ton in August 2022; however, from September 2022 to July 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Norway ($1,620 per ton), while the price for Bahrain ($711 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 the UK (+1.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Glass Fibre Filament Price in Turkey (FOB) - 2023
In July 2023, the average glass fibre filament export price amounted to $1,230 per ton, waning by -14.8% against the previous month. Over the period under review, the export price continues to indicate a mild reduction. The growth pace was the most rapid in April 2023 an increase of 13% m-o-m. The export price peaked at $1,577 per ton in December 2022; however, from January 2023 to July 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In July 2023, the country with the highest price was France ($1,297 per ton), while the average price for exports to the Czech Republic ($750 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 Hungary (+0.2%), while the prices for the other major destinations experienced a decline.
Glass Fibre Filament Imports in Turkey
In 2022, the amount of glass fibre filaments imported into Turkey expanded notably to 106K tons, with an increase of 12% against the previous year's figure. In general, imports recorded a significant expansion. The growth pace was the most rapid in 2021 with an increase of 98%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, glass fibre filament imports soared to $138M in 2022. Over the period under review, imports showed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 136%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Glass Fibre Filament in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.9 | 12.4 | 38.9 | 58.0 | 103.3% |
| Egypt | 8.1 | 14.3 | 30.0 | 39.1 | 69.0% |
| Bahrain | 0.6 | 1.1 | 9.8 | 17.5 | 207.8% |
| Norway | 6.7 | 7.5 | 9.5 | 13.0 | 24.7% |
| United Kingdom | 1.7 | 3.7 | 3.4 | 2.4 | 12.2% |
| United States | 2.4 | 2.5 | 9.0 | 1.5 | -14.5% |
| Others | 4.1 | 3.3 | 5.3 | 6.9 | 18.9% |
| Total | 30.5 | 44.8 | 106 | 138 | 65.4% |
Top Suppliers of Glass Fibre Filament to Turkey in 2022:
- China (39.5K tons)
- Egypt (39.2K tons)
- Bahrain (12.8K tons)
- Norway (8.3K tons)
- United Kingdom (1.9K tons)
- United States (1.4K tons)
Glass Fibre Filament Exports in Turkey
In 2022, after three years of growth, there was significant decline in shipments abroad of glass fibre filaments, when their volume decreased by -6.7% to 10K tons. Overall, exports, however, posted significant growth. The pace of growth was the most pronounced in 2020 with an increase of 102%.
In value terms, glass fibre filament exports surged to $15M in 2022. In general, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 88% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.
| Export of Glass Fibre Filament in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hungary | 1,039 | 974 | 3,408 | 3,835 | 54.5% |
| France | 288 | 1,539 | 1,499 | 2,313 | 100.3% |
| Italy | 436 | 912 | 1,880 | 1,915 | 63.8% |
| Germany | 222 | 1,251 | 1,290 | 1,369 | 83.4% |
| Poland | N/A | 336 | 1,028 | 1,162 | 86.0% |
| United States | 0.2 | 136 | 494 | 874 | 1534.9% |
| Spain | 28.7 | 49.3 | 21.4 | 455 | 151.2% |
| Romania | 510 | 678 | 141 | 60.0 | -51.0% |
| Ireland | 190 | 185 | 224 | 31.9 | -44.8% |
| Others | 1,156 | 1,218 | 2,299 | 2,539 | 30.0% |
| Total | 3,870 | 7,280 | 12,284 | 14,554 | 55.5% |
Top Export Markets for Glass Fibre Filament from Turkey in 2022:
- Hungary (2998.8 tons)
- France (1620.8 tons)
- Italy (1344.1 tons)
- Germany (1011.8 tons)
- Poland (816.9 tons)
- United States (509.2 tons)
- Spain (307.8 tons)
- Romania (45.2 tons)
- Ireland (21.1 tons)
This report provides an in-depth analysis of the glass fibre filament 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 23141130 - Glass fibre filaments (including rovings)
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
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