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Turkey - Cotton Lint - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCotton Lint Price in Turkey - 2023
Contents:
- Cotton Lint Price in Turkey (CIF) - 2023
- Cotton Lint Price in Turkey (FOB) - 2023
- Cotton Lint Imports in Turkey
- Cotton Lint Exports in Turkey
Cotton Lint Price in Turkey (CIF) - 2023
In July 2023, the average cotton lint import price amounted to $2,190 per ton, dropping by -1.9% against the previous month. Over the period under review, the import price continues to indicate a noticeable setback. The pace of growth appeared the most rapid in March 2023 an increase of 2.4% against the previous month. The import price peaked at $3,008 per ton in July 2022; however, from August 2022 to July 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Cameroon ($2,507 per ton), while the price for Sudan ($1,541 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Cameroon (+1.8%), while the prices for the other major suppliers experienced a decline.
Cotton Lint Price in Turkey (FOB) - 2023
In July 2023, the average cotton lint export price amounted to $2,148 per ton, dropping by -6% against the previous month. Over the period under review, the export price continues to indicate a perceptible decrease. The pace of growth was the most pronounced in February 2023 when the average export price increased by 6.8% m-o-m. Over the period under review, the average export prices attained the peak figure at $3,046 per ton in July 2022; however, from August 2022 to July 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Germany ($2,739 per ton), while the average price for exports to Indonesia ($1,752 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+0.0%), while the prices for the other major destinations experienced a decline.
Cotton Lint Imports in Turkey
After three years of growth, overseas purchases of cotton lint decreased by -3.6% to 1.1M tons in 2022. The total import volume increased at an average annual rate of +6.7% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2020 with an increase of 13%.
In value terms, cotton lint imports soared to $3.2B in 2022. In general, imports, however, saw significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 46% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
Import of Cotton Lint in Turkey (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 647 | 603 | 573 | 1,169 | 21.8% |
Brazil | 232 | 354 | 514 | 643 | 40.5% |
Greece | 288 | 246 | 493 | 342 | 5.9% |
Australia | 2.9 | 3.4 | 101 | 260 | 347.6% |
Azerbaijan | 117 | 128 | 207 | 173 | 13.9% |
Sudan | 15.1 | 24.9 | 38.2 | 143 | 111.6% |
Mexico | 46.9 | 85.3 | 71.4 | 80.8 | 19.9% |
Turkmenistan | 41.8 | 7.3 | 51.6 | 50.7 | 6.6% |
Tajikistan | 64.4 | 72.2 | 106 | 48.0 | -9.3% |
Others | 132 | 128 | 258 | 297 | 31.0% |
Total | 1,586 | 1,653 | 2,413 | 3,207 | 26.5% |
Top Suppliers of Cotton Lint to Turkey in 2022:
- United States (400.9K tons)
- Brazil (232.2K tons)
- Greece (126.7K tons)
- Australia (86.4K tons)
- Azerbaijan (68.3K tons)
- Sudan (54.9K tons)
- Mexico (28.3K tons)
- Turkmenistan (21.9K tons)
- Tajikistan (16.9K tons)
Cotton Lint Exports in Turkey
Cotton lint exports from Turkey rose remarkably to 148K tons in 2022, with an increase of 9% on the previous year. In general, total exports indicated a noticeable increase from 2019 to 2022: its volume increased at an average annual rate of +4.0% 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 +70.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 56% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.
In value terms, cotton lint exports skyrocketed to $395M in 2022. Over the period under review, exports saw a strong increase. The growth pace was the most rapid in 2021 when exports increased by 108%. The exports peaked in 2022 and are expected to retain growth in the near future.
Export of Cotton Lint in Turkey (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Pakistan | 24.8 | 28.6 | 118 | 118 | 68.2% |
Bangladesh | 88.5 | 17.4 | 22.7 | 52.6 | -15.9% |
Iran | N/A | N/A | 2.4 | 31.8 | 1225.0% |
Germany | 14.8 | 15.8 | 20.4 | 25.8 | 20.4% |
China | 3.5 | 8.3 | 41.0 | 24.9 | 92.3% |
Italy | 15.8 | 15.0 | 13.8 | 21.1 | 10.1% |
Poland | 7.7 | 9.6 | 10.0 | 16.2 | 28.1% |
Netherlands | 10.7 | 9.7 | 8.4 | 12.8 | 6.2% |
Estonia | 5.0 | 5.1 | 5.4 | 8.1 | 17.4% |
Greece | 5.9 | 4.4 | 5.5 | 8.1 | 11.1% |
Indonesia | 7.0 | 0.5 | 8.8 | 4.7 | -12.4% |
Russia | 9.4 | 6.1 | 4.4 | 4.7 | -20.6% |
India | 5.0 | 6.0 | 14.6 | 4.2 | -5.6% |
Others | 31.1 | 33.3 | 56.8 | 61.5 | 25.5% |
Total | 229 | 160 | 333 | 395 | 19.9% |
Top Export Markets for Cotton Lint from Turkey in 2022:
- Pakistan (47.9K tons)
- Bangladesh (18.3K tons)
- Iran (11.9K tons)
- Germany (9.5K tons)
- China (8.8K tons)
- Italy (8.2K tons)
- Poland (6.7K tons)
- Netherlands (4.8K tons)
- Greece (3.2K tons)
- Estonia (3.0K tons)
- Russia (1.7K tons)
- Indonesia (1.4K tons)
- India (1.4K tons)
This report provides an in-depth analysis of the cotton lint 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:
- FCL 767 - Cotton Lint
- FCL 328 - [Seed Cotton]
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
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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
- COUNTRIES WITH TOP YIELDS
- 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, HARVESTED AREA AND YIELD
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
- Yield 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
- Area Harvested, 2012–2023
- Yield, 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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The cotton lint price in Turkey, known as Cotton Lint, reached $2,358 per ton (CIF) in March 2023, marking a 2.4% increase compared to the previous month.
Cotton lint is a crucial commodity in the textile industry, serving as the primary raw material for spinning yarn and weaving fabrics. The global demand for cotton lint has been steadily increasing as countries strive to meet the growing needs of their textile industries. In this article, we will explore the top import markets for cotton lint, backed by data from the IndexBox market intelligence platform.
In 2022, cotton prices are expected to gain 5% y/y, as last year's ending stocks are rapidly reduced amid strong global demand outpacing available supply. Last year, the average cotton price soared by 41% y/y to $2.23 per kg.
After stagnating during the pandemic, the textile industry has begun to strongly recover and the demand for cotton has risen. It is expected that cotton consumption in 2021 will grow faster than the supply. This will lead to a reduction in global cotton stocks and higher prices. The issues of sustainability and ethical background become increasingly important in the transformation of cotton supply chains.
Global cotton lint consumption amounted to X thousand tons in 2015, growing by +X% against the previous year level.
Global cotton lint exports amounted to X thousand tons in 2015, reducing by -X% against the previous year level.
Global cotton lint imports amounted to X thousand tons in 2015, falling by -X% against the previous year level.
In 2015, the countries with the highest levels of cotton lint production were India (X thousand tons), China (X thousand tons), the United States (X thousand tons), together accounting for X% of total output.
India dominates in the global cotton lint trade. In 2014, India exported X thousand tons of cotton lint totaling X million USD, X% under the previous year. Its primary trading partner was China, where it supplied X% of its total cotton lint expor
Global primary fiber crops consumption amounted to X thousand tons in 2015, rising by +X% against the previous year level.