Report Update: Nov 1, 2024

Turkey - Sacks And Bags Of Cotton - Market Analysis, Forecast, Size, Trends And Insights

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Cotton bag Price in Turkey - 2023

Price Forecast for Sacks And Bags Of Cotton in Turkey till 2025

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Cotton bag Price in Turkey (FOB) - 2023

In January 2023, the average cotton bag export price amounted to $14.6 per kg, waning by -7.7% against the previous month. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in March 2022 an increase of 95% month-to-month. The export price peaked at $19.1 per kg in October 2022; however, from November 2022 to January 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was the Netherlands ($18.2 per kg), while the average price for exports to Georgia ($4,256 per ton) was amongst the lowest.

From January 2022 to January 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.

Cotton bag Price in Turkey (CIF) - 2023

In January 2023, the average cotton bag import price amounted to $12.0 per kg, growing by 12% against the previous month. Overall, the import price saw a modest expansion. The pace of growth was the most pronounced in September 2022 an increase of 336% m-o-m. The import price peaked at $15.0 per kg in April 2022; however, from May 2022 to January 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In January 2023, the country with the highest price was Italy ($15.9 per kg), while the price for China ($9,127 per ton) was amongst the lowest.

From January 2022 to January 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+27.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Turkey Cotton bag Exports

COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
COUNTRY	Thousand USD				CAGR, 2019-2022
France	29.0	310	421	581	171.6%
United States	38.8	82.1	327	402	118.0%
Germany	58.4	120	147	258	64.1%
Austria	6.4	61.2	89.5	140	179.7%
Netherlands	13.5	20.1	123	115	104.2%
United Kingdom	6.5	47.2	124	102	150.4%
Spain	16.1	38.6	8.8	97.4	82.2%
Croatia	N/A	0.1	9.9	54.2	2228.1%
Israel	32.7	12.2	31.1	42.2	8.9%
Iraq	3.6	7.7	22.3	20.5	78.6%
United Arab Emirates	66.5	54.3	39.9	12.2	-43.2%
Sudan	N/A	N/A	N/A	11.7	0%
Azerbaijan	82.6	47.1	3.5	3.9	-63.9%
Others	315	155	251	154	-21.2%
Total	669	956	1,599	1,995	43.9%

Top Export Markets for Sacks and bags of cotton from Turkey 2022:

United States (50.9 tons)
France (37.4 tons)
Germany (14.6 tons)
Netherlands (8.3 tons)
United Arab Emirates (7.8 tons)
Iraq (7.5 tons)
Israel (7.2 tons)
Austria (6.9 tons)
Spain (5.4 tons)
United Kingdom (4.9 tons)
Sudan (3.8 tons)
Croatia (3.2 tons)
Azerbaijan (0.7 tons)

In 2022, after three years of growth, there was significant decline in overseas shipments of sacks and bags of cotton, when their volume decreased by -9.6% to 172 tons. Over the period under review, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 88% against the previous year. As a result, the exports attained the peak of 191 tons, and then declined in the following year.

In value terms, cotton bag exports surged to $2M in 2022. Overall, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 67%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in years to come.

Turkey Cotton bag Imports

COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
COUNTRY	Thousand USD				CAGR, 2019-2022
Italy	154	49.9	71.9	104	-12.3%
Netherlands	8.8	3.8	1.8	19.0	29.2%
India	65.6	50.7	38.3	18.9	-34.0%
China	77.4	39.5	22.1	16.3	-40.5%
France	1.8	0.6	1.0	9.0	71.0%
Others	3.1	1.4	22.0	8.2	38.3%
Total	310	146	157	175	-17.4%

Top Suppliers of Sacks and bags of cotton to Turkey 2022:

Italy (7.0 tons)
Netherlands (2.6 tons)
India (2.1 tons)
China (1.0 tons)
France (0.6 tons)

In 2022, supplies from abroad of sacks and bags of cotton increased by 39% to 14 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, saw a abrupt setback. Imports peaked at 21 tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, cotton bag imports amounted to $175K in 2022. Over the period under review, imports, however, showed a abrupt descent. Over the period under review, imports hit record highs at $310K in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the cotton bag 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 13922130 - Sacks and bags, of cotton, used for packing goods

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023