Turkey: Textile Wadding Market 2024

Textile Wadding Market Size in Turkey

In 2022, the Turkish textile wadding market decreased by X% to $X, falling for the third year in a row after eight years of growth. Over the period under review, the total consumption indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2019 indices. Textile wadding consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Textile Wadding Production in Turkey

In value terms, textile wadding production rose modestly to $X in 2022 estimated in export price. Overall, production saw a significant expansion. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. Textile wadding production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Textile Wadding Exports

Exports from Turkey

Textile wadding exports from Turkey surged to X tons in 2022, with an increase of X% against 2021 figures. Overall, exports posted a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, textile wadding exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for textile wadding exports from Turkey, with a X% share of total exports. Moreover, textile wadding exports to Germany exceeded the volume sent to the second major destination, Georgia (X tons), fourfold. The third position in this ranking was taken by Azerbaijan (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (X% per year) and Azerbaijan (X% per year).

In value terms, Germany ($X) remains the key foreign market for wadding of textile materials and articles thereof exports from Turkey, comprising X% of total exports. The second position in the ranking was taken by Georgia ($X), with a X% share of total exports. It was followed by the UK, with a X% share.

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

Export Prices by Country

In 2022, the average textile wadding export price amounted to $X per ton, therefore, remained relatively stable against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by X%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Sudan ($X per ton), while the average price for exports to Poland ($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 Romania (X%), while the prices for the other major destinations experienced more modest paces of growth.

Textile Wadding Imports

Imports into Turkey

In 2022, after two years of decline, there was significant growth in overseas purchases of wadding of textile materials and articles thereof, when their volume increased by X% to X tons. In general, imports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Imports peaked at X tons in 2019; afterwards, it flattened through to 2022.

In value terms, textile wadding imports soared to $X in 2022. Over the period under review, total imports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

Ukraine (X tons), Lithuania (X tons) and Bulgaria (X tons) were the main suppliers of textile wadding imports to Turkey, with a combined X% share of total imports. Denmark, Poland, Turkmenistan, Uzbekistan, China, Hungary, Russia, Romania, South Korea and Italy lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Denmark (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Lithuania ($X), Ukraine ($X) and Poland ($X) appeared to be the largest textile wadding suppliers to Turkey, together comprising X% of total imports. Bulgaria, Hungary, Russia, Uzbekistan, China, Denmark, South Korea, Romania, Turkmenistan and Italy lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Bulgaria, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average textile wadding import price amounted to $X per ton, surging by X% against the previous year. In general, the import price, however, continues to indicate a mild decrease. The growth pace was the most rapid in 2014 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Lithuania ($X per ton), while the price for Turkmenistan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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