Price for Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Turkey - 2024

Contents:

1. Price for Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Turkey (CIF) - 2024
2. Price for Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Turkey (FOB) - 2022
3. Imports of Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Turkey
4. Exports of Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Turkey

Price for Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Turkey (CIF) - 2024

In February 2024, the average import price for textile fabrics, rubberised; other than those of heading no. 5902s amounted to $1.7 per square meter, stabilizing at the previous month. Overall, import price indicated a modest increase from February 2023 to February 2024: its price increased at an average monthly rate of +1.3% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2024 figures, import price for textile fabrics, rubberised; other than those of heading no. 5902s decreased by -17.5% against December 2023 indices. The most prominent rate of growth was recorded in November 2023 when the average import price increased by 43% month-to-month. Over the period under review, average import prices attained the peak figure at $2.0 per square meter in December 2023; however, from January 2024 to February 2024, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($3.0 per square meter), while the price for China ($738 per thousand square meters) was amongst the lowest.

From February 2023 to February 2024, the most notable rate of growth in terms of prices was attained by China (+0.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Turkey (FOB) - 2022

The average export price for textile fabrics, rubberised; other than those of heading no. 5902s stood at $1.3 per square meter in 2022, growing by 13% against the previous year. Over the period under review, the export price, however, recorded a slight setback. The export price peaked at $1.7 per square meter in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($3.1 per square meter), while the average price for exports to Georgia ($0.7 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Turkey

For the fourth consecutive year, Turkey recorded growth in purchases abroad of textile fabrics, rubberised; other than those of heading no. 5902s, which increased by 4.2% to 25M square meters in 2022. The total import volume increased at an average annual rate of +13.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 26% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, imports of textile fabrics, rubberised; other than those of heading no. 5902s totaled $37M in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +13.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +45.9% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 25%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Top Suppliers of Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 to Turkey in 2022:

1. China (15.8M square meters)
2. Germany (4.0M square meters)
3. Serbia (2.8M square meters)
4. Italy (0.8M square meters)

Exports of Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Turkey

In 2022, exports of textile fabrics, rubberised; other than those of heading no. 5902s from Turkey declined notably to 2.5M square meters, waning by -21.2% on 2021. Overall, exports continue to indicate a abrupt downturn. The smallest decline of -3.3% was in 2021. The exports peaked at 4M square meters in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of textile fabrics, rubberised; other than those of heading no. 5902s shrank to $3.2M in 2022. Over the period under review, exports saw a abrupt contraction. The smallest decline of -8.6% was in 2021. Over the period under review, the exports of hit record highs at $4.5M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Top Export Markets for Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 from Turkey in 2022:

1. Egypt (867.1K square meters)
2. France (519.7K square meters)
3. Israel (318.7K square meters)
4. Algeria (208.0K square meters)
5. Germany (158.2K square meters)
6. Azerbaijan (72.4K square meters)
7. Georgia (58.0K square meters)
8. Serbia (57.5K square meters)
9. Bulgaria (16.5K square meters)
10. Iran (7.5K square meters)
11. Lebanon (7.4K square meters)
12. Poland (2.8K square meters)

Source: IndexBox Market Intelligence Platform