Turkey: Artificial Filament Tow Market 2024

Artificial Filament Tow Market Size in Turkey

In 2022, the Turkish artificial filament tow market increased by X% to $X, rising for the second consecutive year after three years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Artificial Filament Tow Exports

Exports from Turkey

In 2022, overseas shipments of artificial filament tow were finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. In general, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, artificial filament tow exports surged to $X in 2022. Overall, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2016 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Egypt (X tons), Poland (X tons) and Romania (X tons) were the main destinations of artificial filament tow exports from Turkey, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X), Poland ($X) and Romania ($X) were the largest markets for artificial filament tow exported from Turkey worldwide, with a combined X% share of total exports.

Romania, with a CAGR of X%, recorded 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.

Export Prices by Country

The average artificial filament tow export price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the export price, however, showed a pronounced reduction. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Iran ($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 the Netherlands (X%), while the prices for the other major destinations experienced mixed trend patterns.

Artificial Filament Tow Imports

Imports into Turkey

In 2022, supplies from abroad of artificial filament tow increased by X% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, artificial filament tow imports surged to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Belgium (X tons) constituted the largest artificial filament tow supplier to Turkey, accounting for a X% share of total imports. Moreover, artificial filament tow imports from Belgium exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was taken by South Korea (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Belgium totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and South Korea (X% per year).

In value terms, Belgium ($X) constituted the largest supplier of artificial filament tow to Turkey, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Belgium amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and South Korea (X% per year).

Import Prices by Country

The average artificial filament tow import price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the import price, however, continues to indicate a slight slump. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Japan ($X per ton) and the United States ($X per ton), while the price for South Korea ($X per ton) and Belgium ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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