Price for Fibres; Synthetic Filament Tow, of Polyesters in Turkey - 2023

Contents:

1. Price for Fibres; Synthetic Filament Tow, of Polyesters in Turkey (CIF) - 2023
2. Price for Fibres; Synthetic Filament Tow, of Polyesters in Turkey (FOB) - 2022
3. Imports of Fibres; Synthetic Filament Tow, of Polyesters in Turkey
4. Exports of Fibres; Synthetic Filament Tow, of Polyesters in Turkey

Price for Fibres; Synthetic Filament Tow, of Polyesters in Turkey (CIF) - 2023

In November 2023, the average import price for fibres; synthetic filament tow, of polyesterses amounted to $999 per ton, declining by -2.9% against the previous month. Over the period under review, the import price recorded a perceptible contraction. The growth pace was the most rapid in January 2023 an increase of 25% month-to-month. Over the period under review, average import prices attained the peak figure at $1,806 per ton in February 2023; however, from March 2023 to November 2023, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From December 2022 to November 2023, the rate of growth in terms of prices for China amounted to -2.1% per month.

Price for Fibres; Synthetic Filament Tow, of Polyesters in Turkey (FOB) - 2022

The average export price for fibres; synthetic filament tow, of polyesterses stood at $14,000 per ton in 2022, increasing by 132% against the previous year. In general, the export price continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by 193% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($14,510 per ton), while the average price for exports to Iraq ($1,837 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 Iran (+48.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fibres; Synthetic Filament Tow, of Polyesters in Turkey

Imports of fibres; synthetic filament tow, of polyesterses into Turkey skyrocketed to 8.6K tons in 2022, growing by 97% on the previous year's figure. Over the period under review, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of fibres; synthetic filament tow, of polyesterses surged to $13M in 2022. In general, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 159% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Top Suppliers of Fibres; Synthetic Filament Tow, of Polyesters to Turkey in 2022:

1. China (8.6K tons)

Exports of Fibres; Synthetic Filament Tow, of Polyesters in Turkey

In 2022, the amount of fibres; synthetic filament tow, of polyesterses exported from Turkey soared to 28 tons, increasing by 1,226% on 2021 figures. Overall, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of fibres; synthetic filament tow, of polyesterses soared to $388K in 2022. Over the period under review, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Fibres; Synthetic Filament Tow, of Polyesters from Turkey in 2022:

1. Saudi Arabia (26.2 tons)
2. Iraq (1.0 tons)
3. Cyprus (0.1 tons)

Source: IndexBox Market Intelligence Platform