Price for Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Turkey - 2024

Contents:

1. Price for Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Turkey (CIF) - 2024
2. Price for Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Turkey (FOB) - 2022
3. Imports of Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Turkey
4. Exports of Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Turkey

Price for Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Turkey (CIF) - 2024

The average import price for artificial staple fibres, not carded, combed or otherwise processed for spinning stood at $1,885 per ton in January 2024, with an increase of 4.5% against the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 8.9% month-to-month. As a result, import price reached the peak level of $2,098 per ton. From May 2023 to January 2024, the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In January 2024, the highest price was recorded for prices from Austria ($2,091 per ton) and India ($1,660 per ton), while the price for Indonesia ($1,610 per ton) and Thailand ($1,612 per ton) were amongst the lowest.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Indonesia (-0.2%), while the prices for the other major suppliers experienced a decline.

Price for Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Turkey (FOB) - 2022

In 2022, the average export price for artificial staple fibres, not carded, combed or otherwise processed for spinning amounted to $2,847 per ton, picking up by 64% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The export price peaked at $5,325 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($3,818 per ton), while the average price for exports to Indonesia ($2,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Turkey

In 2022, purchases abroad of artificial staple fibres, not carded, combed or otherwise processed for spinning was finally on the rise to reach 273K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, saw a abrupt shrinkage.

In value terms, imports of artificial staple fibres, not carded, combed or otherwise processed for spinning surged to $698M in 2022. Overall, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +5.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 31%. Over the period under review, imports of reached the maximum in 2022 and are likely to see gradual growth in the near future.

Top Suppliers of Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning to Turkey in 2022:

1. Indonesia (89.6K tons)
2. China (84.4K tons)
3. Austria (52.3K tons)
4. India (25.9K tons)
5. Thailand (16.2K tons)
6. Germany (2.9K tons)

Exports of Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Turkey

In 2022, overseas shipments of artificial staple fibres, not carded, combed or otherwise processed for spinning were finally on the rise to reach 1.1K tons after two years of decline. Over the period under review, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of artificial staple fibres, not carded, combed or otherwise processed for spinning soared to $3M in 2022. In general, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning from Turkey in 2022:

1. Russia (371.4 tons)
2. Uzbekistan (196.1 tons)
3. Iran (191.3 tons)
4. Egypt (182.9 tons)
5. Spain (38.1 tons)
6. Germany (32.8 tons)
7. Italy (22.7 tons)

Source: IndexBox Market Intelligence Platform