Price for Woven Fabrics of Artificial Staple Fibres in Turkey - 2023
Contents:
- Price for Woven Fabrics of Artificial Staple Fibres in Turkey (FOB) - 2023
- Price for Woven Fabrics of Artificial Staple Fibres in Turkey (CIF) - 2022
- Exports of Woven Fabrics of Artificial Staple Fibres in Turkey
- Imports of Woven Fabrics of Artificial Staple Fibres in Turkey
Price for Woven Fabrics of Artificial Staple Fibres in Turkey (FOB) - 2023
In November 2023, the average export price for woven fabrics of artificial staple fibres amounted to $2.8 per square meter, surging by 7.8% against the previous month. Over the period from November 2022 to November 2023, it increased at an average monthly rate of +1.2%. The growth pace was the most rapid in December 2022 an increase of 11% against the previous month. Over the period under review, the average export prices hit record highs in November 2023.
Prices varied noticeably by the country of destination: the country with the highest price was Belarus ($4.5 per square meter), while the average price for exports to Iraq ($1.1 per square meter) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Woven Fabrics of Artificial Staple Fibres in Turkey (CIF) - 2022
The average import price for woven fabrics of artificial staple fibres stood at $8.7 per square meter in 2022, increasing by 14% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
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 Italy ($35 per square meter), while the price for India ($5.1 per square meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (-0.3%), while the prices for the other major suppliers experienced a decline.
Exports of Woven Fabrics of Artificial Staple Fibres in Turkey
In 2022, the amount of woven fabrics of artificial staple fibres exported from Turkey fell slightly to 13M square meters, waning by -4.1% compared with 2021. Over the period under review, exports showed a deep reduction. The pace of growth was the most pronounced in 2021 when exports increased by 23%. Over the period under review, the exports of attained the maximum at 18M square meters in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of woven fabrics of artificial staple fibres expanded to $186M in 2022. In general, exports showed a perceptible contraction. The growth pace was the most rapid in 2021 with an increase of 32% against the previous year. The exports peaked at $216M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Woven Fabrics of Artificial Staple Fibres in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 28.7 | 20.7 | 23.8 | 30.7 | 2.3% |
| Morocco | 23.5 | 14.0 | 26.2 | 25.1 | 2.2% |
| Romania | 28.6 | 15.0 | 18.9 | 15.4 | -18.6% |
| Italy | 7.0 | 4.7 | 6.5 | 9.5 | 10.7% |
| United Kingdom | 11.2 | 7.8 | 10.0 | 9.0 | -7.0% |
| Tunisia | 11.6 | 7.6 | 8.0 | 8.0 | -11.6% |
| France | 6.5 | 4.6 | 6.5 | 5.8 | -3.7% |
| Belarus | 2.8 | 1.9 | 2.8 | 5.1 | 22.1% |
| Poland | 4.1 | 2.4 | 3.9 | 5.0 | 6.8% |
| Bulgaria | 5.2 | 3.3 | 6.2 | 5.0 | -1.3% |
| United States | 5.9 | 3.4 | 3.5 | 4.4 | -9.3% |
| Iraq | 10.0 | 5.5 | 4.0 | 3.6 | -28.9% |
| Bangladesh | 9.8 | 5.8 | 7.4 | 3.1 | -31.9% |
| Others | 61.3 | 40.5 | 53.8 | 56.7 | -2.6% |
| Total | 216 | 137 | 181 | 186 | -4.9% |
Top Export Markets for Woven Fabrics of Artificial Staple Fibres from Turkey in 2022:
- Spain (2024.0K square meters)
- Morocco (1519.4K square meters)
- Romania (1104.2K square meters)
- United Kingdom (1026.2K square meters)
- Iraq (702.9K square meters)
- Italy (605.0K square meters)
- Tunisia (460.2K square meters)
- Belarus (330.5K square meters)
- Poland (315.8K square meters)
- Bangladesh (312.7K square meters)
- France (284.1K square meters)
- Bulgaria (274.3K square meters)
- United States (266.2K square meters)
Imports of Woven Fabrics of Artificial Staple Fibres in Turkey
After two years of decline, supplies from abroad of woven fabrics of artificial staple fibres increased by 28% to 7.7M square meters in 2022. Over the period under review, imports, however, saw a deep reduction. Over the period under review, imports of attained the peak figure at 11M square meters in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of woven fabrics of artificial staple fibres surged to $67M in 2022. Overall, imports, however, showed a abrupt downturn. Over the period under review, imports of hit record highs at $79M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Woven Fabrics of Artificial Staple Fibres in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 29.6 | 16.4 | 15.1 | 28.5 | -1.3% |
| Italy | 11.0 | 7.8 | 9.4 | 13.9 | 8.1% |
| Spain | 9.5 | 6.5 | 5.2 | 8.4 | -4.0% |
| Pakistan | 4.6 | 8.6 | 7.8 | 3.9 | -5.4% |
| India | 0.1 | 0.4 | 2.4 | 2.9 | 207.2% |
| Serbia | N/A | N/A | N/A | 1.2 | 0% |
| Indonesia | 11.0 | 4.2 | 2.3 | 0.9 | -56.6% |
| Others | 13.5 | 6.2 | 4.2 | 7.7 | -17.1% |
| Total | 79.4 | 50.0 | 46.3 | 67.4 | -5.3% |
Top Suppliers of Woven Fabrics of Artificial Staple Fibres to Turkey in 2022:
- China (4724.5K square meters)
- Spain (668.8K square meters)
- India (569.6K square meters)
- Pakistan (517.1K square meters)
- Italy (399.1K square meters)
- Indonesia (154.4K square meters)
- Serbia (139.8K square meters)
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