Turkey - Yarn Of Wool - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWoolen Yarn Price in Turkey - 2023
Contents:
- Woolen Yarn Price in Turkey (CIF) - 2022
- Woolen Yarn Price in Turkey (FOB) - 2023
- Woolen Yarn Imports in Turkey
- Woolen Yarn Exports in Turkey
Woolen Yarn Price in Turkey (CIF) - 2022
The average woolen yarn import price stood at $27,369 per ton in 2022, remaining stable against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The pace of growth was the most pronounced in 2018 an increase of 14% against the previous year. Over the period under review, average import prices reached the peak figure at $28,737 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($35,096 per ton), while the price for India ($14,053 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+13.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Woolen Yarn Price in Turkey (FOB) - 2023
The average woolen yarn export price stood at $12,296 per ton in July 2023, waning by -1.8% against the previous month. In general, the export price showed a mild decrease. The growth pace was the most rapid in February 2023 an increase of 19% month-to-month. The export price peaked at $14,621 per ton in July 2022; however, from August 2022 to July 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Italy ($24,300 per ton), while the average price for exports to Indonesia ($3,937 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.
Woolen Yarn Imports in Turkey
In 2022, imports of yarn of wool into Turkey skyrocketed to 2.7K tons, growing by 23% against the previous year. In general, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +16.8% 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 +59.5% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, woolen yarn imports skyrocketed to $74M in 2022. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +15.0% 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 +55.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 27% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.
Import of Woolen Yarn in Turkey (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Italy | 26.3 | 23.5 | 26.6 | 32.7 | 7.5% |
China | 10.2 | 8.8 | 13.0 | 15.7 | 15.5% |
Czech Republic | 4.1 | 4.9 | 8.8 | 8.4 | 27.0% |
Uruguay | 1.3 | 0.6 | 1.7 | 2.7 | 27.6% |
Bulgaria | 2.1 | 2.3 | 3.1 | 2.5 | 6.0% |
India | 0.6 | 2.4 | 1.3 | 2.4 | 58.7% |
Romania | 0.1 | 0.1 | 0.7 | 1.7 | 157.1% |
Lithuania | N/A | 0.1 | 1.6 | 1.6 | 300.0% |
Vietnam | N/A | N/A | 0.8 | 1.6 | 100.0% |
Argentina | 1.1 | 1.4 | 0.9 | 1.5 | 10.9% |
Germany | 1.7 | 1.5 | 0.3 | 1.0 | -16.2% |
Others | 1.5 | 2.2 | 2.0 | 2.6 | 20.1% |
Total | 49.0 | 47.7 | 60.6 | 74.4 | 14.9% |
Top Suppliers of Woolen Yarn to Turkey in 2022:
- Italy (932.8 tons)
- China (580.0 tons)
- Czech Republic (330.7 tons)
- India (170.9 tons)
- Uruguay (126.5 tons)
- Bulgaria (110.6 tons)
- Lithuania (91.9 tons)
- Romania (83.4 tons)
- Vietnam (62.3 tons)
- Argentina (57.2 tons)
- Germany (44.3 tons)
Woolen Yarn Exports in Turkey
In 2022, exports of yarn of wool from Turkey stood at 3.7K tons, picking up by 1.9% against the previous year's figure. The total export volume increased at an average annual rate of +1.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 32% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, woolen yarn exports dropped modestly to $43M in 2022. The total export value increased at an average annual rate of +7.8% 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 38% against the previous year. As a result, the exports attained the peak of $43M, and then fell in the following year.
Export of Woolen Yarn in Turkey (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 5.9 | 6.4 | 8.3 | 7.7 | 9.3% |
United Kingdom | 4.8 | 3.7 | 5.7 | 5.4 | 4.0% |
Denmark | 2.7 | 2.7 | 4.8 | 4.4 | 17.7% |
United States | 2.5 | 2.2 | 5.2 | 4.1 | 17.9% |
Bulgaria | 1.0 | 0.5 | 1.0 | 2.2 | 30.1% |
Belarus | 0.6 | 0.5 | 1.7 | 2.0 | 49.4% |
Russia | 0.7 | 0.6 | 0.6 | 1.5 | 28.9% |
Finland | 0.7 | 0.6 | 0.9 | 1.2 | 19.7% |
South Africa | 2.8 | 0.9 | 1.4 | 1.1 | -26.8% |
Netherlands | 0.5 | 0.2 | 0.4 | 1.0 | 26.0% |
Saudi Arabia | 1.8 | 2.0 | N/A | 0.9 | -20.6% |
Estonia | 0.6 | 0.2 | 0.4 | 0.6 | 0.0% |
Indonesia | 0.4 | 0.3 | 0.3 | 0.4 | 0.0% |
Others | 8.9 | 10.6 | 12.6 | 10.1 | 4.3% |
Total | 34.0 | 31.4 | 43.4 | 42.6 | 7.8% |
Top Export Markets for Woolen Yarn from Turkey in 2022:
- Germany (564.5 tons)
- United Kingdom (439.9 tons)
- United States (347.1 tons)
- Denmark (248.5 tons)
- Bulgaria (217.8 tons)
- South Africa (210.5 tons)
- Estonia (117.2 tons)
- Belarus (114.6 tons)
- Saudi Arabia (113.6 tons)
- Netherlands (112.5 tons)
- Indonesia (98.3 tons)
- Russia (91.8 tons)
- Finland (87.5 tons)
This report provides an in-depth analysis of the woolen yarn market in Turkey. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 13105010 - Yarn of carded wool or fine animal hair, n.p.r.s.
- Prodcom 13105030 - Yarn of combed wool or fine animal hair, n.p.r.s.
- Prodcom 13105050 - Yarn of wool or fine animal hair, p.r.s.
Country coverage:
- Turkey
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Turkey
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the woolen yarn market in Turkey.
This report provides an in-depth analysis of the global woolen yarn market.
This report provides an in-depth analysis of the woolen yarn market in Turkey.
This report provides an in-depth analysis of the global woolen yarn market.
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