Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Turkey - 2024
Contents:
- Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Turkey (CIF) - 2024
- Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Turkey (FOB) - 2024
- Imports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Turkey
- Exports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Turkey
Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Turkey (CIF) - 2024
The average import price for fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses stood at $779 per ton in May 2024, shrinking by -2.4% against the previous month. Over the period under review, the import price continues to indicate a mild decrease. The pace of growth was the most pronounced in December 2023 when the average import price increased by 53% m-o-m. As a result, import price reached the peak level of $1,098 per ton. From January 2024 to May 2024, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In May 2024, the country with the highest price was Spain ($1,558 per ton), while the price for Tunisia ($154 per ton) was amongst the lowest.
From May 2023 to May 2024, the most notable rate of growth in terms of prices was attained by Indonesia (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Turkey (FOB) - 2024
The average export price for fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses stood at $795 per ton in May 2024, with an increase of 4.9% against the previous month. Over the period under review, the export price, however, showed a noticeable shrinkage. The growth pace was the most rapid in February 2024 an increase of 10% against the previous month. The export price peaked at $1,044 per ton in May 2023; however, from June 2023 to May 2024, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In May 2024, the country with the highest price was Morocco ($2,867 per ton), while the average price for exports to Italy ($589 per ton) was amongst the lowest.
From May 2023 to May 2024, the most notable rate of growth in terms of prices was recorded for supplies to Morocco (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Turkey
In 2022, approx. 13K tons of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses were imported into Turkey; shrinking by -5.3% on 2021. The total import volume increased at an average annual rate of +3.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 40% against the previous year. As a result, imports reached the peak of 14K tons, and then declined in the following year.
In value terms, imports of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses skyrocketed to $16M in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +8.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +90.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 56% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in years to come.
Import of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Turkey (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Russia | 454 | 1,130 | 1,770 | 2,872 | 84.9% |
United States | 5,300 | 2,519 | 2,730 | 2,618 | -21.0% |
Israel | 1,049 | 731 | 1,400 | 1,913 | 22.2% |
Romania | 555 | 437 | 1,048 | 1,320 | 33.5% |
Italy | 565 | 288 | 600 | 807 | 12.6% |
Indonesia | 598 | 582 | 606 | 789 | 9.7% |
Saudi Arabia | 252 | 519 | 443 | 562 | 30.7% |
Hungary | 144 | 163 | 494 | 433 | 44.3% |
Spain | 186 | 113 | 311 | 432 | 32.4% |
United Arab Emirates | 98.8 | 139 | 339 | 431 | 63.4% |
Germany | 422 | 32.1 | 307 | 408 | -1.1% |
Bulgaria | 373 | 167 | 382 | 309 | -6.1% |
Iran | 566 | 30.0 | 84.7 | 78.9 | -48.1% |
Others | 1,719 | 1,417 | 2,380 | 2,734 | 16.7% |
Total | 12,283 | 8,268 | 12,896 | 15,706 | 8.5% |
Top Suppliers of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres to Turkey in 2022:
- Romania (1854.7 tons)
- Russia (1575.1 tons)
- Hungary (1389.3 tons)
- United States (1168.3 tons)
- Italy (956.7 tons)
- Israel (831.2 tons)
- Saudi Arabia (635.3 tons)
- Bulgaria (523.3 tons)
- Indonesia (498.2 tons)
- United Arab Emirates (439.9 tons)
- Germany (416.6 tons)
- Spain (372.8 tons)
- Iran (88.2 tons)
Exports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Turkey
After three years of growth, shipments abroad of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses decreased by -19.8% to 12K tons in 2022. Overall, exports showed a noticeable curtailment. The pace of growth was the most pronounced in 2021 with an increase of 4.9%. As a result, the exports attained the peak of 14K tons, and then fell sharply in the following year.
In value terms, exports of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses shrank rapidly to $11M in 2022. The total export value increased at an average annual rate of +2.9% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 49% against the previous year. As a result, the exports reached the peak of $13M, and then dropped dramatically in the following year.
Export of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Turkey (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Belgium | 3.6 | 2.8 | 5.0 | 5.2 | 13.0% |
Italy | 2.0 | 2.0 | 3.5 | 2.4 | 6.3% |
Morocco | 0.4 | 0.3 | 0.7 | 1.3 | 48.1% |
United States | 2.1 | 1.0 | 0.8 | 0.7 | -30.7% |
Portugal | 0.1 | 0.2 | 0.2 | 0.3 | 44.2% |
Germany | 1.0 | 1.1 | 1.6 | 0.2 | -41.5% |
Spain | 0.1 | 0.2 | 0.3 | 0.2 | 26.0% |
Malaysia | N/A | 0.1 | 0.2 | 0.1 | 0.0% |
United Kingdom | 0.1 | 0.4 | N/A | N/A | 300.0% |
Saudi Arabia | 0.1 | 0.1 | N/A | N/A | 0.0% |
Others | 0.8 | 0.7 | 0.9 | 0.6 | -9.1% |
Total | 10.2 | 8.9 | 13.2 | 11.1 | 2.9% |
Top Export Markets for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres from Turkey in 2022:
- Belgium (4.7K tons)
- Italy (3.3K tons)
- Morocco (1.0K tons)
- United States (0.6K tons)
- Portugal (0.3K tons)
- Germany (0.3K tons)
- Spain (0.3K tons)
- Malaysia (0.2K tons)
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