Turkey: Market for High-Tenacity Filament Yarn Of Polyesters 2024

Market Size for High-Tenacity Filament Yarn Of Polyesters in Turkey

The Turkish high-tenacity filament polyester yarn market skyrocketed to $X in 2021, picking up by 98% against the previous year. Over the period under review, consumption recorded a prominent expansion. High-tenacity filament polyester yarn consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of High-Tenacity Filament Yarn Of Polyesters in Turkey

In value terms, high-tenacity filament polyester yarn production stood at $X in 2021 estimated in export price. Over the period under review, production enjoyed resilient growth. The most prominent rate of growth was recorded in 2013 with an increase of 20% against the previous year. High-tenacity filament polyester yarn production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of High-Tenacity Filament Yarn Of Polyesters

Exports from Turkey

In 2021, high-tenacity filament polyester yarn exports from Turkey soared to X tons, rising by 48% on the previous year's figure. Over the period under review, exports saw a temperate expansion. The pace of growth was the most pronounced in 2013 with an increase of 118% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, high-tenacity filament polyester yarn exports soared to $X in 2021. Overall, exports posted a measured increase. The most prominent rate of growth was recorded in 2013 when exports increased by 111%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Romania (X tons), Germany (X tons) and Hungary (X tons) were the main destinations of high-tenacity filament polyester yarn exports from Turkey, together accounting for 71% of total exports. These countries were followed by Iran, Indonesia, Egypt, Austria, the Netherlands, Italy, Spain, Algeria, Brazil and the United States, which together accounted for a further 21%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Austria (with a CAGR of +360.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for high-tenacity filament polyester yarn exported from Turkey were Romania ($X), Hungary ($X) and Germany ($X), together accounting for 60% of total exports. These countries were followed by the Netherlands, Austria, Egypt, Spain, Iran, Italy, Indonesia, Algeria, Brazil and the United States, which together accounted for a further 28%.

Austria, with a CAGR of +322.8%, saw the highest growth rate of 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 2021, the average high-tenacity filament polyester yarn export price amounted to $X per ton, jumping by 29% against the previous year. In general, the export price recorded a relatively flat trend pattern. Over the period under review, the average export prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of High-Tenacity Filament Yarn Of Polyesters

Imports into Turkey

In 2021, imports of high-tenacity filament yarn of polyesters into Turkey surged to X tons, with an increase of 24% against 2020. Over the period under review, imports saw a resilient expansion. The growth pace was the most rapid in 2015 when imports increased by 39%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, high-tenacity filament polyester yarn imports soared to $X in 2021. In general, total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, 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.

Imports by Country

In 2021, China (X tons) constituted the largest high-tenacity filament polyester yarn supplier to Turkey, accounting for a 89% share of total imports. Moreover, high-tenacity filament polyester yarn imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), more than tenfold. South Korea (X tons) ranked third in terms of total imports with a 2.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +16.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+44.2% per year) and South Korea (-8.6% per year).

In value terms, China ($X) constituted the largest supplier of high-tenacity filament yarn of polyesters to Turkey, comprising 84% of total imports. The second position in the ranking was held by Vietnam ($X), with a 4% share of total imports. It was followed by Germany, with a 3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +12.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+40.7% per year) and Germany (-4.4% per year).

Import Prices by Country

The average high-tenacity filament polyester yarn import price stood at $X per ton in 2021, jumping by 34% against the previous year. Overall, the import price, however, showed a pronounced setback. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+1.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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