Price for Knitted or Crocheted Pile Fabrics in Turkey - 2023
Contents:
- Price for Knitted or Crocheted Pile Fabrics in Turkey (CIF) - 2022
- Price for Knitted or Crocheted Pile Fabrics in Turkey (FOB) - 2022
- Imports of Knitted or Crocheted Pile Fabrics in Turkey
- Exports of Knitted or Crocheted Pile Fabrics in Turkey
Price for Knitted or Crocheted Pile Fabrics in Turkey (CIF) - 2022
The average import price for knitted or crocheted pile fabricses stood at $4,392 per ton in 2022, surging by 2.3% against the previous year. Overall, the import price, however, showed a pronounced downturn. The pace of growth was the most pronounced in 2021 when the average import price increased by 7.2% against the previous year. The import price peaked at $6,992 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($6,560 per ton), while the price for Bulgaria ($3,302 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+0.5%), while the prices for the other major suppliers experienced a decline.
Price for Knitted or Crocheted Pile Fabrics in Turkey (FOB) - 2022
The average export price for knitted or crocheted pile fabricses stood at $6,295 per ton in 2022, picking up by 12% against the previous year. In general, the export price, however, recorded a mild decrease. The export price peaked at $7,365 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($8,799 per ton), while the average price for exports to Georgia ($3,501 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 Kyrgyzstan (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Knitted or Crocheted Pile Fabrics in Turkey
In 2022, the amount of knitted or crocheted pile fabricses imported into Turkey skyrocketed to 44K tons, growing by 17% on the previous year's figure. Over the period under review, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 61%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, knitted or crocheted pile fabrics imports skyrocketed to $193M in 2022. Overall, imports posted a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 73% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.
| Import of Knitted or Crocheted Pile Fabrics in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 56.7 | 61.0 | 110 | 119 | 28.0% |
| South Korea | 13.7 | 8.7 | 12.4 | 13.7 | 0.0% |
| Malaysia | 7.4 | 1.4 | 3.3 | 12.8 | 20.0% |
| Bulgaria | 1.0 | 3.5 | 6.1 | 10.7 | 120.4% |
| Egypt | 0.3 | 1.4 | 9.0 | 9.9 | 220.8% |
| Greece | 3.8 | 5.1 | 3.7 | 8.8 | 32.3% |
| Italy | 4.3 | 3.1 | 7.2 | 6.3 | 13.6% |
| France | 3.4 | 3.1 | 3.5 | 2.3 | -12.2% |
| Others | 7.4 | 6.2 | 6.1 | 9.0 | 6.7% |
| Total | 97.9 | 93.5 | 162 | 193 | 25.4% |
Top Suppliers of Knitted or Crocheted Pile Fabrics to Turkey in 2022:
- China (27.8K tons)
- Bulgaria (3.3K tons)
- Malaysia (3.1K tons)
- Greece (2.5K tons)
- South Korea (2.1K tons)
- Egypt (2.0K tons)
- Italy (1.2K tons)
- France (0.6K tons)
Exports of Knitted or Crocheted Pile Fabrics in Turkey
In 2022, approx. 14K tons of knitted or crocheted pile fabricses were exported from Turkey; almost unchanged from 2021 figures. Overall, total exports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +18.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +67.2% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 56% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.
In value terms, knitted or crocheted pile fabrics exports rose significantly to $90M in 2022. In general, exports posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 58%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.
| Export of Knitted or Crocheted Pile Fabrics in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kyrgyzstan | 4.2 | 6.1 | 10.2 | 13.6 | 47.9% |
| Belarus | 2.1 | 4.6 | 15.2 | 13.4 | 85.5% |
| Russia | 3.5 | 2.3 | 3.5 | 7.9 | 31.2% |
| Bulgaria | 6.4 | 5.6 | 8.3 | 5.5 | -4.9% |
| Netherlands | 3.3 | 3.5 | 3.6 | 4.0 | 6.6% |
| Tunisia | 1.3 | 1.5 | 1.4 | 3.7 | 41.7% |
| Italy | 1.0 | 0.7 | 2.5 | 3.1 | 45.8% |
| Ukraine | 2.1 | 2.2 | 5.1 | 2.5 | 6.0% |
| Algeria | 0.5 | 0.5 | 0.6 | 1.7 | 50.4% |
| Serbia | 0.6 | 0.8 | 1.2 | 1.7 | 41.5% |
| Azerbaijan | 0.3 | 0.8 | 0.8 | 1.6 | 74.7% |
| Georgia | 1.4 | 0.9 | 1.1 | 1.3 | -2.4% |
| Iraq | 0.6 | 0.6 | 1.0 | 1.3 | 29.4% |
| Others | 21.4 | 20.2 | 25.1 | 29.0 | 10.7% |
| Total | 48.7 | 50.3 | 79.7 | 90.3 | 22.9% |
Top Export Markets for Knitted or Crocheted Pile Fabrics from Turkey in 2022:
- Kyrgyzstan (2.0K tons)
- Belarus (2.0K tons)
- Russia (1.1K tons)
- Bulgaria (1.0K tons)
- Italy (0.5K tons)
- Tunisia (0.5K tons)
- Algeria (0.4K tons)
- Georgia (0.4K tons)
- Serbia (0.4K tons)
- Azerbaijan (0.4K tons)
- Netherlands (0.4K tons)
- Ukraine (0.3K tons)
- Iraq (0.3K tons)
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