Turkey: Market for Finishing Agents Used In The Textile Industry 2024

Market Size for Finishing Agents Used In The Textile Industry in Turkey

The Turkish textile industry finishing agents market reduced sharply to $X in 2022, which is down by X% against the previous year. In general, the total consumption indicated prominent growth from 2012 to 2022: its value 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, consumption increased by X% against 2020 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Finishing Agents Used In The Textile Industry in Turkey

In value terms, textile industry finishing agents production plummeted to $X in 2022 estimated in export price. Over the period under review, production, however, showed buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Textile industry finishing agents production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Finishing Agents Used In The Textile Industry

Exports from Turkey

In 2022, after ten years of growth, there was decline in shipments abroad of finishing agents used in the textile industry, when their volume decreased by X% to X tons. Overall, exports, however, enjoyed a strong expansion. The growth pace was the most rapid in 2021 when exports increased by X%. As a result, the exports attained the peak of X tons, and then contracted slightly in the following year.

In value terms, textile industry finishing agents exports rose sharply to $X in 2022. Over the period under review, exports, however, showed a strong increase. The pace of growth appeared the most rapid in 2021 with an increase of X%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Bangladesh (X tons), Uzbekistan (X tons) and Israel (X tons) were the main destinations of textile industry finishing agents exports from Turkey, with a combined X% share of total exports. Egypt, Russia, Pakistan, Qatar, Iran, Turkmenistan and Cyprus lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest markets for textile industry finishing agents exported from Turkey were Uzbekistan ($X), Bangladesh ($X) and Russia ($X), together comprising X% of total exports. Pakistan, Egypt, Qatar, Israel, Iran, Turkmenistan and Cyprus lagged somewhat behind, together comprising a further X%.

Qatar, with a CAGR of X%, recorded the highest rates of growth with regard to 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 textile industry finishing agents export price stood at $X per ton in 2022, surging by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average export price increased by X%. The export price peaked at $X per ton in 2014; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while the average price for exports to Cyprus ($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 Qatar (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Finishing Agents Used In The Textile Industry

Imports into Turkey

In 2022, approx. X tons of finishing agents used in the textile industry were imported into Turkey; waning by X% on 2021. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, textile industry finishing agents imports rose remarkably to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. 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 immediate term.

Imports by Country

Germany (X tons), Spain (X tons) and China (X tons) were the main suppliers of textile industry finishing agents imports to Turkey, with a combined X% share of total imports. Italy, Belgium, the UK, India, the Netherlands and the United States lagged somewhat behind, together comprising a further X%.

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

In value terms, Germany ($X) constituted the largest supplier of finishing agents used in the textile industry to Turkey, comprising X% of total imports. The second position in the ranking was taken by Spain ($X), with a X% share of total imports. It was followed by China, with an X% share.

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

Import Prices by Country

In 2022, the average textile industry finishing agents import price amounted to $X per ton, rising by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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