Turkey - Wool - Market Analysis, Forecast, Size, Trends And Insights
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View PricingWool Price in Turkey - 2023
Contents:
- Wool Price in Turkey (FOB) - 2023
- Wool Price in Turkey (CIF) - 2023
- Wool Exports in Turkey
- Wool Imports in Turkey
Wool Price in Turkey (FOB) - 2023
In September 2023, the average wool export price amounted to $1,189 per ton, declining by -8.5% against the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in January 2023 an increase of 11% against the previous month. Over the period under review, the average export prices attained the peak figure at $1,365 per ton in February 2023; however, from March 2023 to September 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Serbia ($1,906 per ton), while the average price for exports to India ($940 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.
Wool Price in Turkey (CIF) - 2023
In September 2023, the average wool import price amounted to $4,181 per ton, shrinking by -24.1% against the previous month. Over the period under review, the import price, however, showed mild growth. The pace of growth was the most pronounced in November 2022 an increase of 192% month-to-month. As a result, import price attained the peak level of $9,563 per ton. From December 2022 to September 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Australia ($10,149 per ton), while the price for Syrian Arab Republic ($852 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Australia (+0.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Wool Exports in Turkey
After three years of growth, overseas shipments of wool decreased by -27.3% to 12K tons in 2022. Overall, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +9.5% 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 +31.3% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 60% against the previous year. As a result, the exports reached the peak of 17K tons, and then reduced remarkably in the following year.
In value terms, wool exports reduced markedly to $15M in 2022. Over the period under review, exports continue to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 52%. As a result, the exports reached the peak of $21M, and then dropped markedly in the following year.
| Export of Wool in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 7.9 | 6.1 | 7.8 | 5.9 | -9.3% |
| India | 2.1 | 3.6 | 6.2 | 3.3 | 16.3% |
| United Kingdom | 2.1 | 1.2 | 2.6 | 2.1 | 0.0% |
| Portugal | 1.6 | 0.9 | 1.6 | 1.2 | -9.1% |
| Poland | 1.0 | 0.5 | 0.9 | 1.2 | 6.3% |
| Germany | 0.2 | 0.2 | 0.2 | 0.4 | 26.0% |
| Italy | 1.0 | 0.4 | 0.4 | 0.3 | -33.1% |
| Serbia | 0.3 | 0.3 | 0.5 | 0.3 | 0.0% |
| Others | 0.8 | 0.9 | 1.2 | 0.9 | 4.0% |
| Total | 17.0 | 14.0 | 21.4 | 15.4 | -3.2% |
Top Export Markets for Wool from Turkey in 2022:
- China (3.7K tons)
- India (3.2K tons)
- United Kingdom (2.4K tons)
- Portugal (0.8K tons)
- Poland (0.8K tons)
- Germany (0.3K tons)
- Serbia (0.2K tons)
- Italy (0.1K tons)
Wool Imports in Turkey
Wool imports into Turkey declined rapidly to 1.5K tons in 2022, waning by -24.9% on 2021. In general, imports faced a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 50%.
In value terms, wool imports declined sharply to $4.9M in 2022. Over the period under review, imports faced a abrupt descent. The pace of growth appeared the most rapid in 2021 when imports increased by 14% against the previous year.
| Import of Wool in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 1,593 | 1,465 | 2,741 | 2,128 | 10.1% |
| Australia | 3,481 | 3,176 | 2,496 | 2,029 | -16.5% |
| United Kingdom | 305 | 452 | 462 | 208 | -12.0% |
| Turkmenistan | N/A | 11.4 | 20.6 | 107 | 206.4% |
| Serbia | N/A | N/A | 18.9 | 59.7 | 215.9% |
| Syrian Arab Republic | N/A | N/A | N/A | 59.7 | 0% |
| Morocco | N/A | 16.4 | 95.0 | 32.9 | 41.6% |
| Algeria | 123 | N/A | N/A | N/A | 0% |
| Saudi Arabia | 390 | N/A | N/A | N/A | 0% |
| Others | 1,375 | 932 | 1,095 | 313 | -38.9% |
| Total | 7,267 | 6,052 | 6,929 | 4,936 | -12.1% |
Top Suppliers of Wool to Turkey in 2022:
- New Zealand (794.8 tons)
- Australia (211.7 tons)
- Turkmenistan (199.9 tons)
- United Kingdom (63.8 tons)
- Serbia (53.8 tons)
- Syrian Arab Republic (49.7 tons)
- Morocco (37.2 tons)
This report provides an in-depth analysis of the wool 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 13102200 - Wool, degreased or carbonised, not carded or combed
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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