Price for Rubber Thread and Cord; Textile Covered in Turkey - 2024
Contents:
- Price for Rubber Thread and Cord; Textile Covered in Turkey (FOB) - 2024
- Price for Rubber Thread and Cord; Textile Covered in Turkey (CIF) - 2024
- Exports of Rubber Thread and Cord; Textile Covered in Turkey
- Imports of Rubber Thread and Cord; Textile Covered in Turkey
Price for Rubber Thread and Cord; Textile Covered in Turkey (FOB) - 2024
The average export price for rubber thread and cord; textile covereds stood at $7,601 per ton in March 2024, waning by -8.2% against the previous month. Over the period under review, export price indicated a moderate expansion from March 2023 to March 2024: its price increased at an average monthly rate of +2.3% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2024 figures, export price for rubber thread and cord; textile covereds increased by +28.3% against January 2024 indices. The pace of growth appeared the most rapid in August 2023 an increase of 50% against the previous month. Over the period under review, the average export prices reached the maximum at $8,932 per ton in June 2023; however, from July 2023 to March 2024, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Morocco ($15,091 per ton), while the average price for exports to Lebanon ($1,617 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Rubber Thread and Cord; Textile Covered in Turkey (CIF) - 2024
The average import price for rubber thread and cord; textile covereds stood at $4,342 per ton in March 2024, which is down by -54.6% against the previous month. Over the period under review, the import price continues to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 380% against the previous month. Over the period under review, average import prices hit record highs at $33,095 per ton in September 2023; however, from October 2023 to March 2024, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In March 2024, the country with the highest price was Germany ($27,257 per ton), while the price for China ($3,739 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by Thailand (+8.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Rubber Thread and Cord; Textile Covered in Turkey
In 2022, shipments abroad of rubber thread and cord; textile covereds decreased by -15.8% to 414 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports recorded a noticeable descent. The most prominent rate of growth was recorded in 2020 when exports increased by 85%. As a result, the exports attained the peak of 839 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of rubber thread and cord; textile covereds shrank significantly to $2.5M in 2022. Overall, exports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of 190%. As a result, the exports reached the peak of $6M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Rubber Thread and Cord; Textile Covered in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Greece | 296 | 543 | 614 | 390 | 9.6% |
| Serbia | 224 | 293 | 325 | 339 | 14.8% |
| Germany | 113 | 1,334 | 330 | 237 | 28.0% |
| United Kingdom | 0.3 | 147 | 311 | 205 | 780.8% |
| Italy | 295 | 154 | 188 | 181 | -15.0% |
| Bulgaria | 103 | 285 | 183 | 142 | 11.3% |
| Ukraine | 1.9 | 6.0 | 6.8 | 89.0 | 260.5% |
| France | 1.1 | 506 | 67.8 | 70.0 | 299.2% |
| Portugal | 0.1 | 1.9 | 65.4 | 67.7 | 778.1% |
| Slovakia | N/A | 16.1 | N/A | 61.2 | 95.0% |
| Lebanon | 4.4 | N/A | 1.6 | 37.6 | 104.4% |
| North Macedonia | 8.6 | 22.5 | 2.7 | 31.5 | 54.1% |
| Iraq | 154 | 181 | 59.2 | 14.9 | -54.1% |
| Others | 861 | 2,479 | 977 | 677 | -7.7% |
| Total | 2,061 | 5,969 | 3,131 | 2,543 | 7.3% |
Top Export Markets for Rubber Thread and Cord; Textile Covered from Turkey in 2022:
- Greece (74.5 tons)
- Serbia (42.6 tons)
- Slovakia (27.5 tons)
- Italy (23.6 tons)
- United Kingdom (23.3 tons)
- Bulgaria (22.4 tons)
- Germany (20.7 tons)
- Iraq (15.7 tons)
- Ukraine (15.2 tons)
- North Macedonia (13.3 tons)
- France (12.1 tons)
- Portugal (11.8 tons)
- Lebanon (11.1 tons)
Imports of Rubber Thread and Cord; Textile Covered in Turkey
In 2022, overseas purchases of rubber thread and cord; textile covereds decreased by -6.4% to 79 tons, falling for the second consecutive year after two years of growth. Overall, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 130%. As a result, imports reached the peak of 101 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of rubber thread and cord; textile covereds rose notably to $608K in 2022. The total import value increased at an average annual rate of +5.5% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Rubber Thread and Cord; Textile Covered in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 151 | 376 | 385 | 309 | 27.0% |
| United Kingdom | 29.7 | 22.9 | 24.2 | 62.8 | 28.4% |
| Italy | 87.0 | 8.4 | 16.4 | 62.3 | -10.5% |
| Germany | 144 | 75.0 | 67.9 | 60.7 | -25.0% |
| Thailand | N/A | 3.6 | 3.4 | 24.8 | 162.5% |
| Malaysia | N/A | N/A | N/A | 6.9 | 0% |
| Egypt | 20.3 | N/A | N/A | N/A | 0% |
| Others | 86.7 | 70.8 | 46.6 | 80.7 | -2.4% |
| Total | 518 | 556 | 543 | 608 | 5.5% |
Top Suppliers of Rubber Thread and Cord; Textile Covered to Turkey in 2022:
- China (63.6 tons)
- Thailand (5.1 tons)
- Italy (2.6 tons)
- Germany (1.9 tons)
- United Kingdom (1.5 tons)
- Malaysia (1.2 tons)
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