Turkey: Non-Cotton Terry Towelling Market 2024

Non-Cotton Terry Towelling Market Size in Turkey

The Turkish non-cotton terry towelling market was estimated at $X in 2023, standing approx. at the previous year. Overall, consumption showed a significant increase. Non-cotton terry towelling consumption peaked at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Non-Cotton Terry Towelling Production in Turkey

In value terms, non-cotton terry towelling production shrank modestly to $X in 2023 estimated in export price. In general, production showed a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2023, production growth remained at a somewhat lower figure.

Non-Cotton Terry Towelling Exports

Exports from Turkey

Non-cotton terry towelling exports from Turkey skyrocketed to X square meters in 2023, increasing by X% against the previous year's figure. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, the exports attained the peak of X square meters. From 2014 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, non-cotton terry towelling exports surged to $X in 2023. Over the period under review, exports, however, recorded a slight setback. The growth pace was the most rapid in 2019 when exports increased by X%. The exports peaked at $X in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Algeria (X square meters), the United States (X square meters) and Serbia (X square meters) were the main destinations of non-cotton terry towelling exports from Turkey, together accounting for X% of total exports. Bulgaria, El Salvador, Ukraine, Saudi Arabia, Russia, Germany, Tunisia, Kazakhstan, Georgia and Israel lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for Saudi Arabia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-cotton terry towelling exported from Turkey were the United States ($X), Algeria ($X) and Bulgaria ($X), with a combined X% share of total exports. El Salvador, Russia, Germany, Ukraine, Serbia, Kazakhstan, Tunisia, Saudi Arabia, Georgia and Israel lagged somewhat behind, together accounting for a further X%.

Saudi Arabia, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average non-cotton terry towelling export price amounted to $X per square meter, with an increase of X% against the previous year. Over the period under review, the export price, however, saw a mild decline. The pace of growth appeared the most rapid in 2022 an increase of X% against the previous year. The export price peaked at $X per square meter in 2020; however, from 2021 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per square meter), while the average price for exports to Algeria ($X per square meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Cotton Terry Towelling Imports

Imports into Turkey

In 2023, imports of terry towelling (excluding of cotton) into Turkey skyrocketed to X square meters, jumping by X% on 2022 figures. Overall, imports, however, showed a deep setback. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X square meters. From 2022 to 2023, the growth of imports failed to regain momentum.

In value terms, non-cotton terry towelling imports surged to $X in 2023. In general, imports, however, continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports remained at a lower figure.

Imports by Country

Italy (X square meters), China (X square meters) and Hong Kong SAR (X square meters) were the main suppliers of non-cotton terry towelling imports to Turkey, together accounting for X% of total imports.

From 2012 to 2023, the biggest increases were recorded for China (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, Italy ($X) constituted the largest supplier of terry towelling (excluding of cotton) to Turkey, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Hong Kong SAR, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from Italy stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Hong Kong SAR (X% per year).

Import Prices by Country

In 2023, the average non-cotton terry towelling import price amounted to $X per square meter, with an increase of X% against the previous year. In general, the import price posted a slight increase. The growth pace was the most rapid in 2017 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per square meter in 2019; however, from 2020 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Italy ($X per square meter), while the price for Hong Kong SAR ($X per square meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform