Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Turkey - 2024

Contents:

1. Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Turkey (CIF) - 2024
2. Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Turkey (FOB) - 2024
3. Imports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Turkey
4. 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.

Top Suppliers of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres to Turkey in 2022:

1. Romania (1854.7 tons)
2. Russia (1575.1 tons)
3. Hungary (1389.3 tons)
4. United States (1168.3 tons)
5. Italy (956.7 tons)
6. Israel (831.2 tons)
7. Saudi Arabia (635.3 tons)
8. Bulgaria (523.3 tons)
9. Indonesia (498.2 tons)
10. United Arab Emirates (439.9 tons)
11. Germany (416.6 tons)
12. Spain (372.8 tons)
13. 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.

Top Export Markets for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres from Turkey in 2022:

1. Belgium (4.7K tons)
2. Italy (3.3K tons)
3. Morocco (1.0K tons)
4. United States (0.6K tons)
5. Portugal (0.3K tons)
6. Germany (0.3K tons)
7. Spain (0.3K tons)
8. Malaysia (0.2K tons)

Source: IndexBox Market Intelligence Platform