Report Update Nov 1, 2024

Turkey - Sacks and Bags of Cotton - Market Analysis, Forecast, Size, Trends and Insights

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Turkey: Cotton Bag Market 2024

Cotton Bag Market Size in Turkey

In 2021, after three years of growth, there was significant decline in the Turkish cotton bag market, when its value decreased by -18.1% to $X. Overall, consumption, however, continues to indicate a remarkable increase. Cotton bag consumption peaked at $X in 2020, and then declined dramatically in the following year.

Cotton Bag Production in Turkey

In value terms, cotton bag production rose rapidly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate resilient growth. The pace of growth appeared the most rapid in 2018 with an increase of 229% against the previous year. Cotton bag production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Cotton Bag Exports

Exports from Turkey

In 2021, shipments abroad of sacks and bags of cotton increased by 88% to X tons, rising for the third year in a row after three years of decline. Over the period under review, exports enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2015 with an increase of 203% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, cotton bag exports skyrocketed to $X in 2021. In general, exports enjoyed a buoyant increase. The growth pace was the most rapid in 2015 with an increase of 97%. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X tons), France (X tons) and the United Arab Emirates (X tons) were the main destinations of cotton bag exports from Turkey, together accounting for 63% of total exports.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +100.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), the United States ($X) and Germany ($X) constituted the largest markets for cotton bag exported from Turkey worldwide, with a combined 56% share of total exports.

The United States, with a CAGR of +74.6%, recorded 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

The average cotton bag export price stood at $X per ton in 2021, reducing by -11.2% against the previous year. Over the period under review, the export price recorded a noticeable downturn. The growth pace was the most rapid in 2013 when the average export price increased by 24% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to the United Arab Emirates ($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 Russia (+13.3%), while the prices for the other major destinations experienced more modest paces of growth.

Cotton Bag Imports

Imports into Turkey

In 2021, supplies from abroad of sacks and bags of cotton decreased by -34.3% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, imports recorded a abrupt downturn. The pace of growth appeared the most rapid in 2018 with an increase of 48% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, cotton bag imports rose remarkably to $X in 2021. In general, imports faced a abrupt setback. The most prominent rate of growth was recorded in 2014 when imports increased by 54% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

Italy (X tons), India (X tons) and Germany (X tons) were the main suppliers of cotton bag imports to Turkey, together comprising 79% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +60.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cotton bag suppliers to Turkey were Italy ($X), India ($X) and China ($X), with a combined 84% share of total imports.

India, with a CAGR of +44.5%, saw the highest growth rate of 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 cotton bag import price stood at $X per ton in 2021, with an increase of 64% against the previous year. Overall, the import price showed tangible growth. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for the Netherlands ($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 (+5.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sacks and bags of cotton in the world?

The countries with the highest volumes of cotton bag consumption in 2020 were China, Italy and India, with a combined 33% share of global consumption.

What are the largest producers of sacks and bags of cotton in the world?

China remains the largest cotton bag producing country worldwide, comprising approx. 20% of total volume. Moreover, cotton bag production in China exceeded the figures recorded by the second-largest producer, Italy, twofold. The third position in this ranking was occupied by India, with a 9.5% share.

What are the leading suppliers of sacks and bags of cotton to Turkey?

In value terms, the largest cotton bag suppliers to Turkey were India, Italy and China, with a combined 96% share of total imports.

What are the leading importers of sacks and bags of cotton from Turkey?

In value terms, France emerged as the key foreign market for cotton bag exports from Turkey, comprising 34% of total exports. The second position in the ranking was occupied by Germany, with a 13% share of total exports. It was followed by the United States, with a 9.1% share.

What is the average export price for sacks and bags of cotton in Turkey?

The average cotton bag export price stood at $8,147 per ton in 2020, jumping by 25% against the previous year.

What is the average import price for sacks and bags of cotton in Turkey?

In 2020, the average cotton bag import price amounted to $13,304 per ton, waning by -15.8% against the previous year.

This report provides an in-depth analysis of the cotton bag market in Turkey. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 13922130 - Sacks and bags, of cotton, used for packing goods

Country coverage:

Turkey

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Turkey
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023