Turkey: Sisal Binder Market 2024

Sisal Binder Market Size in Turkey

The Turkish sisal binder market declined dramatically to $X in 2022, waning by X% against the previous year. Overall, consumption showed a dramatic shrinkage. Sisal binder consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Sisal Binder Production in Turkey

In value terms, sisal binder production amounted to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. Sisal binder production peaked in 2022 and is expected to retain growth in years to come.

Sisal Binder Exports

Exports from Turkey

In 2022, overseas shipments of sisal binder or baler (agricultural) twines decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. Overall, exports, however, showed a notable increase. The pace of growth was the most pronounced in 2019 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2021, and then fell remarkably in the following year.

In value terms, sisal binder exports fell remarkably to $X in 2022. In general, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of X%. The exports peaked at $X in 2021, and then dropped remarkably in the following year.

Exports by Country

Azerbaijan (X tons) was the main destination for sisal binder exports from Turkey, with a X% share of total exports. Moreover, sisal binder exports to Azerbaijan exceeded the volume sent to the second major destination, Syrian Arab Republic (X tons), threefold. The third position in this ranking was taken by Iraq (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Azerbaijan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Syrian Arab Republic (X% per year) and Iraq (X% per year).

In value terms, Azerbaijan ($X) remains the key foreign market for sisal binder or baler (agricultural) twines exports from Turkey, comprising X% of total exports. The second position in the ranking was taken by Syrian Arab Republic ($X), with a X% share of total exports. It was followed by Iraq, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Azerbaijan amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Syrian Arab Republic (X% per year) and Iraq (X% per year).

Export Prices by Country

The average sisal binder export price stood at $X per ton in 2022, jumping by X% against the previous year. In general, the export price, however, continues to indicate a noticeable contraction. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Georgia ($X per ton), while the average price for exports to Syrian Arab Republic ($X 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 Jordan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sisal Binder Imports

Imports into Turkey

In 2022, purchases abroad of sisal binder or baler (agricultural) twines decreased by X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports showed a noticeable curtailment. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, sisal binder imports declined dramatically to $X in 2022. Overall, imports saw a noticeable descent. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Brazil (X tons) constituted the largest supplier of sisal binder to Turkey, accounting for a X% share of total imports. Moreover, sisal binder imports from Brazil exceeded the figures recorded by the second-largest supplier, Portugal (X tons), twofold. Iran (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Brazil stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (X% per year) and Iran (X% per year).

In value terms, Brazil ($X) constituted the largest supplier of sisal binder or baler (agricultural) twines to Turkey, comprising X% of total imports. The second position in the ranking was taken by Portugal ($X), with a X% share of total imports. It was followed by Iran, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Brazil totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (X% per year) and Iran (X% per year).

Import Prices by Country

The average sisal binder import price stood at $X per ton in 2022, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2015 an increase of X%. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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 Spain ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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