Turkey - Yarn Of Synthetic Or Artificial Staple Fibers - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTurkey's Synthetic Yarn Export Plummets to $650M in 2024
Turkey Synthetic Yarn Exports
For the third consecutive year, Turkey recorded decline in shipments abroad of yarn of synthetic or artificial staple fibers, which decreased by -4% to 106K tons in 2024. In general, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 36% against the previous year. As a result, the exports attained the peak of 131K tons. From 2022 to 2024, the growth of the exports failed to regain momentum.
In value terms, synthetic yarn exports dropped to $605M (IndexBox estimates) in 2024. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 58%. The exports peaked at $759M in 2022; however, from 2023 to 2024, the exports remained at a lower figure.
| COUNTRY | Export Value of Synthetic Yarn in Turkey (million USD) | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| United States | 55.3 | 48.4 | 45.7 | 65.9 | 55.1 | 45.4 | 76.8 | 97.9 | 83.8 | 100 |
| Italy | 60.6 | 65.0 | 66.4 | 76.7 | 89.4 | 79.3 | 58.0 | 107 | 115 | 79.0 |
| United Kingdom | 44.7 | 41.2 | 35.6 | 37.5 | 39.7 | 36.4 | 44.1 | 56.3 | 37.4 | 44.7 |
| Russia | 47.1 | 37.4 | 3.3 | 10.2 | 22.8 | 29.1 | 27.2 | 40.8 | 45.1 | 40.4 |
| Belarus | 1.7 | 1.2 | 12.5 | 18.9 | 22.2 | 25.7 | 19.3 | 32.0 | 45.0 | 40.2 |
| Georgia | 0.1 | 0.2 | 1.7 | 2.1 | 6.8 | 0.8 | 0.3 | 0.3 | 22.8 | 32.3 |
| Spain | 17.6 | 14.9 | 16.4 | 16.7 | 22.0 | 19.2 | 16.9 | 50.0 | 62.6 | 29.0 |
| Germany | 32.6 | 22.6 | 22.1 | 26.1 | 23.7 | 19.8 | 19.6 | 29.5 | 33.3 | 28.2 |
| Iran | 23.6 | 45.0 | 75.8 | 92.9 | 21.3 | 20.9 | 6.0 | 27.4 | 32.5 | 25.3 |
| Others | 278 | 193 | 244 | 235 | 225 | 204 | 185 | 276 | 282 | 231 |
| Total | 561 | 469 | 523 | 581 | 528 | 481 | 453 | 718 | 759 | 650 |
Exports by Country
the United States (13K tons), Italy (13K tons) and Russia (9K tons) were the main destinations of synthetic yarn exports from Turkey, together comprising 31% of total exports. Belarus, the UK, Georgia, Iran, Spain and Germany lagged somewhat behind, together accounting for a further 28%.
From 2014 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Georgia (with a CAGR of +79.6%), while the other leaders experienced more modest paces of growth.
In value terms, the United States ($100M), Italy ($79M) and the UK ($45M) appeared to be the largest markets for synthetic yarn exported from Turkey worldwide, together comprising 34% of total exports. Russia, Belarus, Georgia, Spain, Germany and Iran lagged somewhat behind, together accounting for a further 30%.
Georgia, with a CAGR of +82.5%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Exports by Type
Yarn (other than sewing thread) of synthetic staple fibres, not put up for retail sale (69K tons) was the largest type of yarn of synthetic or artificial staple fibers exported from Turkey, with a 65% share of total exports. Moreover, yarn (other than sewing thread) of synthetic staple fibres, not put up for retail sale exceeded the volume of the second product type, yarn (not sewing thread), of man-made staple fibres, put up for retail sale (28K tons), twofold.
From 2014 to 2024, the average annual growth rate of the volume of yarn (other than sewing thread) of synthetic staple fibres, not put up for retail sale exports totaled +3.0%. With regard to the other exported products, the following average annual rates of growth were recorded: yarn (not sewing thread), of man-made staple fibres, put up for retail sale (+2.0% per year) and yarn (other than sewing thread) of artificial staple fibres, not put up for retail sale (-11.1% per year).
In value terms, yarn (other than sewing thread) of synthetic staple fibres, not put up for retail sale ($346M), yarn (not sewing thread), of man-made staple fibres, put up for retail sale ($211M) and yarn (other than sewing thread) of artificial staple fibres, not put up for retail sale ($48M) constituted the most exported types of yarn of synthetic or artificial staple fibers from Turkey worldwide.
Among the main product categories, yarn (other than sewing thread) of synthetic staple fibres, not put up for retail sale, with a CAGR of +2.9%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other products experienced mixed trend patterns.
Export Prices by Country
In 2024, the synthetic yarn price amounted to $5,872 per ton (FOB, Turkey), shrinking by -2.1% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by 16%. Over the period under review, the average export prices attained the peak figure at $5,999 per ton in 2022, and then declined modestly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($7,688 per ton), while the average price for exports to Uzbekistan ($3,481 per ton) was amongst the lowest.
From 2014 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+10.5%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the synthetic 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 13108210 - Yarn (other than sewing thread) containing . .85 % by weight of synthetic staple fibres, n.p.r.s.
- Prodcom 13108250 - Yarn (other than sewing thread) containing . .85 % by weight of synthetic staple fibres, p.r.s.
- Prodcom 13108320 - Yarn containing < .85 % by weight of polyester staple fibres (other than sewing thread), mixed with artificial fibres, n.p.r.s.
- Prodcom 13108340 - Yarn containing < .85 % by weight of synthetic staple fibres (other than sewing thread), mixed with cotton, n.p.r.s.
- Prodcom 13108380 - Other yarns, containing < .85 % by weight of synthetic staple fibres (other than sewing thread), n.p.r.s., n.e.c.
- Prodcom 13108390 - Yarn containing < .85 % by weight of synthetic staple fibres (other than sewing thread), p.r.s.
- Prodcom 131083Z0 - Yarn of synthetic staple fibres mixed with wool, n.p.r.s
- Prodcom 13108410 - Yarn (other than sewing thread) of artificial staple fibres, n .p.r.s.
- Prodcom 13108430 - Yarn (other than sewing thread) of artificial staple fibres, 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
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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 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- 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 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- 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, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
