Report Update: May 1, 2024

Turkey - Wadding Of Textile Materials And Articles Thereof - Market Analysis, Forecast, Size, Trends and Insights

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Textile Wadding Price in Turkey - 2023

Textile Wadding Price in Turkey (FOB) - 2023

In July 2023, the average textile wadding export price amounted to $6,065 per ton, falling by -7.5% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.1%. The most prominent rate of growth was recorded in June 2023 an increase of 16% against the previous month. As a result, the export price attained the peak level of $6,556 per ton, and then declined in the following month.

There were significant differences in the average prices for the major foreign markets. In July 2023, the country with the highest price was Russia ($11,604 per ton), while the average price for exports to Germany ($4,431 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 Poland (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.

Textile Wadding Price in Turkey (CIF) - 2023

The average textile wadding import price stood at $12,738 per ton in July 2023, with an increase of 22% against the previous month. In general, import price indicated a noticeable increase from July 2022 to July 2023: its price increased at an average monthly rate of +2.3% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, textile wadding import price decreased by -18.4% against February 2023 indices. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 27% month-to-month. The import price peaked at $15,616 per ton in February 2023; however, from March 2023 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 Lithuania ($31,550 per ton), while the price for Turkmenistan ($3,060 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 Turkmenistan (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Textile Wadding Exports in Turkey

For the fourth year in a row, Turkey recorded growth in shipments abroad of wadding of textile materials and articles thereof, which increased by 34% to 25K tons in 2022. Overall, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +15.5% 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 +53.9% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, textile wadding exports surged to $105M in 2022. Over the period under review, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +14.7% 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 +50.8% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Textile Wadding in Turkey (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	11.5	12.4	14.6	22.9	25.8%
Georgia	1.2	1.0	0.9	7.6	85.0%
United Kingdom	7.9	7.9	7.4	6.6	-5.8%
United States	1.6	2.9	2.9	6.3	57.9%
Sudan	N/A	0.8	3.8	6.0	173.9%
Azerbaijan	1.0	1.1	0.9	4.9	69.8%
Vietnam	1.8	2.5	3.2	3.6	26.0%
Bulgaria	2.9	4.5	5.6	3.5	6.5%
Romania	1.0	1.6	2.1	3.2	47.4%
France	1.3	1.4	1.7	2.5	24.4%
Spain	1.1	2.2	2.5	2.5	31.5%
Poland	1.0	1.0	0.4	2.3	32.0%
Serbia	0.7	0.8	0.6	1.6	31.7%
Others	36.3	33.9	30.8	31.4	-4.7%
Total	69.5	74.0	77.7	105	14.7%

Top Export Markets for Textile Wadding from Turkey in 2022:

Germany (6.6K tons)
Georgia (1.9K tons)
Azerbaijan (1.6K tons)
United Kingdom (1.4K tons)
United States (1.3K tons)
Sudan (1.0K tons)
Poland (0.9K tons)
Spain (0.8K tons)
Bulgaria (0.8K tons)
Vietnam (0.7K tons)
Romania (0.6K tons)
France (0.6K tons)
Serbia (0.5K tons)

Textile Wadding Imports in Turkey

After two years of decline, purchases abroad of wadding of textile materials and articles thereof increased by 30% to 7.1K tons in 2022. In general, imports, however, showed a relatively flat trend pattern.

In value terms, textile wadding imports soared to $66M in 2022. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +7.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Textile Wadding in Turkey (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Lithuania	6.0	5.2	7.4	19.4	47.9%
Ukraine	15.5	12.3	13.0	11.7	-8.9%
Poland	2.5	2.7	2.7	6.9	40.3%
Bulgaria	0.7	1.3	1.2	6.3	108.0%
Hungary	9.5	4.6	2.6	2.7	-34.3%
Russia	3.4	2.1	2.8	2.5	-9.7%
Uzbekistan	0.1	1.7	1.6	2.4	188.4%
Denmark	1.4	1.4	1.8	1.9	10.7%
China	0.4	0.7	0.9	1.9	68.1%
Germany	3.0	2.7	1.0	1.4	-22.4%
South Korea	0.6	0.8	1.9	1.3	29.4%
Romania	2.6	3.2	1.3	1.0	-27.3%
Turkmenistan	0.2	0.4	0.6	0.9	65.1%
Others	7.8	6.8	4.5	5.9	-8.9%
Total	53.6	45.9	43.3	66.3	7.3%

Top Suppliers of Textile Wadding to Turkey in 2022:

Ukraine (1640.1 tons)
Lithuania (1112.6 tons)
Bulgaria (748.3 tons)
Denmark (573.0 tons)
Poland (531.3 tons)
Turkmenistan (426.2 tons)
Uzbekistan (339.4 tons)
China (268.3 tons)
Hungary (244.7 tons)
Russia (217.6 tons)
Romania (164.0 tons)
South Korea (131.2 tons)
Germany (125.1 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the textile wadding 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 13991400 - Textile flock and dust and mill neps
Prodcom 17221240 - Wadding, other articles of wadding

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023