Turkey: Primary Fiber Crops Market 2024

Primary Fiber Crops Market Size in Turkey

The Turkish primary fiber crops market reduced to $X in 2022, which is down by X% against the previous year. Overall, consumption, however, recorded a slight reduction. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Primary Fiber Crops Production in Turkey

In value terms, primary fiber crops production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a noticeable decline. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Primary Fiber Crops Exports

Exports from Turkey

In 2022, shipments abroad of fiber crops (primary) increased by X% to X tons, rising for the second year in a row after two years of decline. In general, exports saw a prominent increase. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, primary fiber crops exports soared to $X in 2022. Over the period under review, exports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X% 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.

Exports by Country

Pakistan (X tons) was the main destination for primary fiber crops exports from Turkey, with a X% share of total exports. Moreover, primary fiber crops exports to Pakistan exceeded the volume sent to the second major destination, Bangladesh (X tons), threefold. The third position in this ranking was taken by Iran (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Pakistan amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (X% per year) and Iran (X% per year).

In value terms, Pakistan ($X) remains the key foreign market for fiber crops (primary) exports from Turkey, comprising X% of total exports. The second position in the ranking was held by Bangladesh ($X), with a X% share of total exports. It was followed by Iran, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Pakistan totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (X% per year) and Iran (X% per year).

Export Prices by Country

The average primary fiber crops export price stood at $X per ton in 2022, increasing by X% against the previous year. In general, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, primary fiber crops export price increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see gradual growth in years to come.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Indonesia ($X per ton) and Bangladesh ($X per ton), while the average price for exports to Poland ($X per ton) and Pakistan ($X per ton) were amongst the lowest.

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

Primary Fiber Crops Imports

Imports into Turkey

In 2022, after three years of growth, there was decline in supplies from abroad of fiber crops (primary), when their volume decreased by X% to X tons. Overall, total imports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, imports reached the peak figure at X tons in 2021, and then shrank slightly in the following year.

In value terms, primary fiber crops imports surged to $X in 2022. In general, imports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

The United States (X tons), Brazil (X tons) and Greece (X tons) were the main suppliers of primary fiber crops imports to Turkey, together accounting for X% of total imports. Australia, Azerbaijan, Sudan, Mexico, Turkmenistan and Tajikistan lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest primary fiber crops suppliers to Turkey were the United States ($X), Brazil ($X) and Greece ($X), together accounting for X% of total imports. Australia, Azerbaijan, Sudan, Mexico, Turkmenistan and Tajikistan lagged somewhat behind, together comprising a further X%.

Mexico, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average primary fiber crops import price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, primary fiber crops import price increased by X% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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