Turkey: Twine Product Market 2025

Twine Product Market Size in Turkey

In 2022, the Turkish twine product market decreased by -67.7% to $X, falling for the third consecutive year after five years of growth. In general, consumption recorded a abrupt curtailment. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Twine Product Production in Turkey

In value terms, twine product production soared to $X in 2022 estimated in export price. Over the period under review, production showed a pronounced contraction. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Twine Product Exports

Exports from Turkey

In 2022, twine product exports from Turkey rose remarkably to X tons, with an increase of 9.8% compared with the year before. Overall, exports saw a significant increase. The pace of growth was the most pronounced in 2018 when exports increased by 80%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, twine product exports skyrocketed to $X in 2022. Over the period under review, exports saw a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 69%. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in years to come.

Exports by Country

The UK (X tons), Germany (X tons) and Austria (X tons) were the main destinations of twine product exports from Turkey, with a combined 58% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +70.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for twine product exported from Turkey were Austria ($X), the UK ($X) and Germany ($X), together comprising 56% of total exports. Spain, Algeria, Serbia, Italy, Iraq, Belgium and Syrian Arab Republic lagged somewhat behind, together accounting for a further 24%.

Serbia, with a CAGR of +61.2%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average twine product export price amounted to $X per ton, with an increase of 6.2% against the previous year. Over the period under review, the export price, however, continues to indicate a deep setback. The most prominent rate of growth was recorded in 2016 when the average export price increased by 21%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Syrian Arab Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Algeria (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.

Twine Product Imports

Imports into Turkey

In 2022, approx. X tons of articles of twine, cordage, rope or cables were imported into Turkey; with an increase of 65% on the year before. Overall, imports showed a resilient increase. The pace of growth was the most pronounced in 2017 when imports increased by 78%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, twine product imports soared to $X in 2022. Over the period under review, imports showed resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of twine product to Turkey, accounting for a 73% share of total imports. Moreover, twine product imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+25.4% per year) and Germany (+13.4% per year).

In value terms, China ($X) constituted the largest supplier of articles of twine, cordage, rope or cables to Turkey, comprising 71% of total imports. The second position in the ranking was held by Germany ($X), with a 6.5% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +18.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+2.6% per year) and India (+22.9% per year).

Import Prices by Country

The average twine product import price stood at $X per ton in 2022, dropping by -7.6% against the previous year. Overall, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, twine product import price decreased by -11.1% against 2020 indices. The growth pace was the most rapid in 2019 an increase of 68% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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