Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Turkey - 2024
Contents:
- Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Turkey (FOB) - 2024
- Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Turkey (CIF) - 2022
- Exports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Turkey
- Imports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Turkey
Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Turkey (FOB) - 2024
In March 2024, the average export price for fabrics, woven; from strip or the like, of synthetic textile materialses amounted to $2.5 per square meter, therefore, remained relatively stable against the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in April 2023 when the average export price increased by 6% m-o-m. The export price peaked at $2.6 per square meter in June 2023; however, from July 2023 to March 2024, the export prices failed to regain momentum.
Average prices varied somewhat for the major external markets. In March 2024, the countries with the highest prices were the UK ($2.9 per square meter) and Italy ($2.9 per square meter), while the average price for exports to Romania ($2.1 per square meter) and Spain ($2.2 per square meter) were amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+1.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Turkey (CIF) - 2022
The average import price for fabrics, woven; from strip or the like, of synthetic textile materialses stood at $0.4 per square meter in 2022, reducing by -2.8% against the previous year. In general, the import price recorded a pronounced reduction. The pace of growth appeared the most rapid in 2021 an increase of 20% against the previous year. Over the period under review, average import prices hit record highs at $0.5 per square meter in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($1.7 per square meter), while the price for Iran ($0.2 per square meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+13.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Turkey
In 2022, the amount of fabrics, woven; from strip or the like, of synthetic textile materialses exported from Turkey skyrocketed to 344M square meters, growing by 32% on the previous year's figure. Over the period under review, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +22.3% 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 +83.0% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of fabrics, woven; from strip or the like, of synthetic textile materialses skyrocketed to $110M in 2022. In general, exports recorded a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 60%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 15.4 | 17.9 | 28.2 | 45.7 | 43.7% |
| United Kingdom | 4.2 | 3.7 | 6.5 | 9.0 | 28.9% |
| Netherlands | 2.2 | 3.3 | 9.6 | 8.8 | 58.7% |
| Czech Republic | 0.5 | 2.5 | 3.9 | 4.7 | 111.0% |
| Belgium | 0.9 | 1.2 | 2.4 | 3.8 | 61.6% |
| Spain | 3.3 | 2.9 | 4.2 | 3.7 | 3.9% |
| Canada | 1.1 | 1.1 | 2.7 | 3.1 | 41.3% |
| Morocco | 0.4 | 1.4 | 1.8 | 2.6 | 86.6% |
| Russia | 0.2 | 0.3 | 0.4 | 2.6 | 135.1% |
| Germany | 1.5 | 1.5 | 3.2 | 2.3 | 15.3% |
| Romania | 0.5 | 0.7 | 0.9 | 1.8 | 53.3% |
| Italy | 2.1 | 1.5 | 2.0 | 1.8 | -5.0% |
| Ukraine | 1.0 | 0.7 | 0.8 | 1.5 | 14.5% |
| Others | 14.3 | 12.3 | 14.9 | 18.8 | 9.5% |
| Total | 47.6 | 51.0 | 81.4 | 110 | 32.2% |
Top Export Markets for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials from Turkey in 2022:
- United States (150.0M square meters)
- Netherlands (25.2M square meters)
- United Kingdom (23.6M square meters)
- Czech Republic (15.1M square meters)
- Spain (14.2M square meters)
- Belgium (11.2M square meters)
- Morocco (8.8M square meters)
- Germany (7.8M square meters)
- Canada (7.5M square meters)
- Romania (6.7M square meters)
- Russia (6.3M square meters)
- Ukraine (5.9M square meters)
- Italy (5.8M square meters)
Imports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Turkey
In 2022, supplies from abroad of fabrics, woven; from strip or the like, of synthetic textile materialses decreased by -12% to 36M square meters, falling for the second year in a row after two years of growth. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +10.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -13.2% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 54%. As a result, imports attained the peak of 42M square meters. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of fabrics, woven; from strip or the like, of synthetic textile materialses contracted to $13M in 2022. The total import value increased at an average annual rate of +6.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 19%. Over the period under review, imports of fabrics, woven; from strip or like, of synthetic textile materialses hit record highs at $16M in 2021, and then dropped in the following year.
| Import of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 2.6 | 7.6 | 4.0 | 3.2 | 7.2% |
| China | N/A | 0.4 | 3.4 | 2.2 | 134.5% |
| Belgium | 2.5 | 1.7 | 3.0 | 2.1 | -5.6% |
| Turkmenistan | 0.7 | N/A | 1.1 | 1.8 | 37.0% |
| India | 0.6 | 0.3 | 0.9 | 1.7 | 41.5% |
| Netherlands | 1.4 | 1.4 | 1.1 | 0.8 | -17.0% |
| Czech Republic | 0.7 | 0.3 | 0.1 | 0.3 | -24.6% |
| Iran | N/A | 0.1 | 0.4 | 0.2 | 41.4% |
| Hungary | 0.8 | 0.1 | 0.2 | N/A | -50.0% |
| Others | 1.8 | 1.2 | 1.6 | 1.2 | -12.6% |
| Total | 11.1 | 13.2 | 15.7 | 13.4 | 6.5% |
Top Suppliers of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials to Turkey in 2022:
- Saudi Arabia (9.5M square meters)
- Turkmenistan (8.3M square meters)
- India (6.9M square meters)
- China (5.8M square meters)
- Netherlands (1.2M square meters)
- Belgium (1.2M square meters)
- Iran (1.0M square meters)
- Czech Republic (0.6M square meters)
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