Turkey: Silk Yarn Market 2024

Silk Yarn Market Size in Turkey

The Turkish silk yarn market was finally on the rise to reach $X in 2021, after seven years of decline. Overall, consumption, however, faced a deep reduction. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Silk Yarn Production in Turkey

In value terms, silk yarn production rose notably to $X in 2021 estimated in export price. Over the period under review, production, however, faced a abrupt slump. The pace of growth appeared the most rapid in 2013 when the production volume increased by 23% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Silk Yarn Exports

Exports from Turkey

In 2021, approx. X tons of silk yarn and yarn spun from silk waste were exported from Turkey; with an increase of 131% compared with the previous year. Overall, exports recorded a strong increase. The pace of growth was the most pronounced in 2018 when exports increased by 347%. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, silk yarn exports soared to $X in 2021. Over the period under review, exports showed a slight expansion. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Libya (X tons), Iraq (X tons) and China (X tons) were the main destinations of silk yarn exports from Turkey, with a combined 41% share of total exports. These countries were followed by Tunisia, Uzbekistan, Iran, Israel, Tajikistan, Algeria, Germany, Denmark, Albania and Moldova, which together accounted for a further 41%.

From 2012 to 2021, the biggest increases were recorded for Israel (with a CAGR of +120.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), Libya ($X) and China ($X) were the largest markets for silk yarn exported from Turkey worldwide, together comprising 42% of total exports. These countries were followed by Iraq, Israel, Tunisia, Uzbekistan, Iran, Tajikistan, Algeria, Moldova, Germany and Albania, which together accounted for a further 29%.

Israel, with a CAGR of +77.2%, 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

In 2021, the average silk yarn export price amounted to $X per ton, jumping by 66% against the previous year. Overall, the export price, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2013 an increase of 73% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to Iraq ($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 Tunisia (+2.0%), while the prices for the other major destinations experienced mixed trend patterns.

Silk Yarn Imports

Imports into Turkey

Silk yarn imports into Turkey soared to X tons in 2021, growing by 35% against the previous year. Over the period under review, imports, however, saw a slight contraction. The pace of growth was the most pronounced in 2017 with an increase of 103%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, silk yarn imports surged to $X in 2021. In general, imports saw a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of 93% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the near future.

Imports by Country

China (X tons), Thailand (X tons) and Italy (X tons) were the main suppliers of silk yarn imports to Turkey, together comprising 80% of total imports.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +71.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Thailand ($X) and Italy ($X) were the largest silk yarn suppliers to Turkey, together accounting for 91% of total imports.

In terms of the main suppliers, Thailand, with a CAGR of +73.2%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average silk yarn import price stood at $X per ton in 2021, rising by 27% against the previous year. Overall, import price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +9.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, silk yarn import price increased by +122.2% against 2017 indices. The growth pace was the most rapid in 2013 when the average import price increased by 104% against the previous year. The import price peaked in 2021 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 Brazil ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+24.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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