Wool; Carded Price in Turkey - 2023

Contents:

1. Wool; Carded Price in Turkey (CIF) - 2022
2. Wool; Carded Price in Turkey (FOB) - 2022
3. Wool; Carded Imports in Turkey
4. Wool; Carded Exports in Turkey

Wool; Carded Price in Turkey (CIF) - 2022

The average wool; carded import price stood at $9,311 per ton in 2022, declining by -43.4% against the previous year. Overall, the import price recorded a slight decrease. The pace of growth was the most pronounced in 2013 when the average import price increased by 47% against the previous year. The import price peaked at $19,918 per ton in 2017; however, from 2018 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 Italy ($15,469 per ton), while the price for Bulgaria ($5,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-1.1%), while the prices for the other major suppliers experienced a decline.

Wool; Carded Price in Turkey (FOB) - 2022

In 2022, the average wool; carded export price amounted to $1,899 per ton, falling by -85.1% against the previous year. In general, the export price saw a abrupt downturn. The most prominent rate of growth was recorded in 2021 when the average export price increased by 761% against the previous year. Over the period under review, the average export prices hit record highs at $12,945 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($1,890 per ton), while the average price for exports to Belarus totaled $1,888 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+0.2%).

Wool; Carded Imports in Turkey

Wool; carded imports into Turkey skyrocketed to 21 tons in 2022, increasing by 327% compared with 2021. Over the period under review, imports saw significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 337%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, wool; carded imports surged to $191K in 2022. In general, imports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 539% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Top Suppliers of Wool; Carded to Turkey in 2022:

1. China (16.6 tons)
2. Italy (1.7 tons)
3. United Kingdom (1.4 tons)
4. Czech Republic (0.8 tons)

Wool; Carded Exports in Turkey

In 2022, the amount of wool; carded exported from Turkey soared to 260 tons, picking up by 7,048% on the previous year's figure. Over the period under review, exports posted strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, wool; carded exports surged to $494K in 2022. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 33,260%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

Top Export Markets for Wool; Carded from Turkey in 2022:

1. Belarus (161.4 tons)
2. Russia (95.8 tons)

Source: IndexBox Market Intelligence Platform