Price for Cotton; Sewing Thread, Put Up for Retail Sale in Turkey - 2024

Contents:

  1. Price for Cotton; Sewing Thread, Put Up for Retail Sale in Turkey (FOB) - 2022
  2. Price for Cotton; Sewing Thread, Put Up for Retail Sale in Turkey (CIF) - 2022
  3. Exports of Cotton; Sewing Thread, Put Up for Retail Sale in Turkey
  4. Imports of Cotton; Sewing Thread, Put Up for Retail Sale in Turkey

Price for Cotton; Sewing Thread, Put Up for Retail Sale in Turkey (FOB) - 2022

The average export price for cotton; sewing thread, put up for retail sale stood at $8,786 per ton in 2022, surging by 101% against the previous year. In general, the export price recorded a modest expansion. The export price peaked at $11,142 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($16,337 per ton), while the average price for exports to Egypt ($2,861 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 Albania (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Cotton; Sewing Thread, Put Up for Retail Sale in Turkey (CIF) - 2022

In 2022, the average import price for cotton; sewing thread, put up for retail sale amounted to $9,866 per ton, growing by 5.3% against the previous year. Overall, the import price, however, saw a slight downturn. The growth pace was the most rapid in 2017 when the average import price increased by 61%. Over the period under review, average import prices reached the maximum at $23,504 per ton in 2015; however, from 2016 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 Greece ($35,996 per ton), while the price for Saudi Arabia ($3,356 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Cotton; Sewing Thread, Put Up for Retail Sale in Turkey

In 2022, approx. 248 tons of cotton; sewing thread, put up for retail sale were exported from Turkey; reducing by -88.5% compared with the year before. In general, exports recorded a sharp decrease. The smallest decline of -15.5% was in 2020.

In value terms, exports of cotton; sewing thread, put up for retail sale reduced rapidly to $2.2M in 2022. Over the period under review, exports recorded a precipitous setback. The smallest decline of -17.2% was in 2020.

Export of Cotton; Sewing Thread, Put Up for Retail Sale in Turkey (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Poland3114194913716.1%
Germany3505651,021311-3.9%
Netherlands6.210879.8130175.8%
Israel1151431391232.3%
Egypt14,71410,8754,907122-79.8%
Russia24.250.951.111367.1%
Tunisia30.527.724.985.440.9%
France11618619478.0-12.4%
Bulgaria38567.676.364.3-44.9%
Iran58110760.549.6-56.0%
Italy42.062.124.746.03.1%
Albania46.429.234.024.9-18.7%
Georgia12362.754.621.7-43.9%
Others9532,0412,319642-12.3%
Total17,79714,7449,4772,182-50.3%

Top Export Markets for Cotton; Sewing Thread, Put Up for Retail Sale from Turkey in 2022:

  1. Egypt (42.6 tons)
  2. Poland (22.7 tons)
  3. Germany (22.5 tons)
  4. Netherlands (16.5 tons)
  5. Israel (15.2 tons)
  6. Iran (14.5 tons)
  7. Russia (14.4 tons)
  8. France (8.2 tons)
  9. Tunisia (7.7 tons)
  10. Bulgaria (6.8 tons)
  11. Albania (6.7 tons)
  12. Italy (6.0 tons)
  13. Georgia (5.3 tons)

Imports of Cotton; Sewing Thread, Put Up for Retail Sale in Turkey

In 2022, supplies from abroad of cotton; sewing thread, put up for retail sale decreased by -27.3% to 4.1 tons, falling for the second year in a row after two years of growth. Overall, imports faced a dramatic shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by 16% against the previous year. As a result, imports attained the peak of 11 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of cotton; sewing thread, put up for retail sale shrank remarkably to $40K in 2022. In general, imports faced a precipitous descent. The smallest decline of -23.3% was in 2021.

Import of Cotton; Sewing Thread, Put Up for Retail Sale in Turkey (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Hungary8.214.418.712.214.2%
Greece2.2N/A2.19.462.3%
Saudi ArabiaN/AN/A24.38.7-64.2%
Italy3.94.90.14.87.2%
Czech RepublicN/AN/AN/A1.50%
United States10.80.1N/A0.9-56.3%
EgyptN/AN/AN/A0.80%
China7.710.82.10.4-62.7%
Georgia70.8N/AN/AN/A0%
United Arab EmiratesN/A38.4N/AN/A0%
Albania7.1N/AN/AN/A0%
Others6.20.15.41.6-36.3%
Total11768.652.740.3-29.9%

Top Suppliers of Cotton; Sewing Thread, Put Up for Retail Sale to Turkey in 2022:

  1. Saudi Arabia (2592.0 kg)
  2. Hungary (576.0 kg)
  3. Greece (260.0 kg)
  4. Italy (256.0 kg)
  5. United States (83.0 kg)
  6. Czech Republic (77.0 kg)
  7. Egypt (70.0 kg)
  8. China (36.0 kg)

Source: IndexBox Market Intelligence Platform

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