Turkey: Sisal Binder Market 2024

Sisal Binder Market Size in Turkey

The Turkish sisal binder market totaled $X in 2022, with an increase of 4.3% against the previous year. The market value increased at an average annual rate of +4.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Sisal binder consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Sisal Binder Production in Turkey

In value terms, sisal binder production expanded modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 32%. Sisal binder production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Sisal Binder Exports

Exports from Turkey

After four years of growth, overseas shipments of sisal binder or baler (agricultural) twines decreased by -14.7% to X tons in 2022. In general, exports, however, showed a measured increase. The pace of growth appeared the most rapid in 2019 when exports increased by 223% against the previous year. The exports peaked at X tons in 2021, and then reduced in the following year.

In value terms, sisal binder exports shrank sharply to $X in 2022. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when exports increased by 260%. Over the period under review, the exports reached the peak figure at $X in 2021, and then contracted remarkably in the following year.

Exports by Country

Azerbaijan (X tons) was the main destination for sisal binder exports from Turkey, accounting for a 46% share of total exports. Moreover, sisal binder exports to Azerbaijan exceeded the volume sent to the second major destination, Iraq (X tons), twofold. Syrian Arab Republic (X tons) ranked third in terms of total exports with a 16% share.

From 2012 to 2022, the average annual growth rate of volume to Azerbaijan amounted to +2.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (+8.0% per year) and Syrian Arab Republic (+20.4% per year).

In value terms, Azerbaijan ($X) remains the key foreign market for sisal binder or baler (agricultural) twines exports from Turkey, comprising 47% of total exports. The second position in the ranking was held by Syrian Arab Republic ($X), with a 14% share of total exports. It was followed by Iraq, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Azerbaijan stood at -2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Syrian Arab Republic (+11.6% per year) and Iraq (-2.0% per year).

Export Prices by Country

The average sisal binder export price stood at $X per ton in 2022, waning by -5.5% against the previous year. Overall, the export price recorded a pronounced downturn. The pace of growth appeared the most rapid in 2019 an increase of 11% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Georgia ($X per ton), while the average price for exports to Iraq ($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 Jordan (+39.2%), while the prices for the other major destinations experienced mixed trend patterns.

Sisal Binder Imports

Imports into Turkey

In 2022, supplies from abroad of sisal binder or baler (agricultural) twines decreased by -41.4% to X tons, falling for the second year in a row after two years of growth. In general, imports continue to indicate a noticeable reduction. The pace of growth appeared the most rapid in 2013 with an increase of 86% against the previous year. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, sisal binder imports shrank notably to $X in 2022. Over the period under review, imports recorded a pronounced downturn. The pace of growth was the most pronounced in 2013 when imports increased by 97%. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Brazil (X tons) constituted the largest supplier of sisal binder to Turkey, accounting for a 58% share of total imports. Moreover, sisal binder imports from Brazil exceeded the figures recorded by the second-largest supplier, Portugal (X tons), twofold. Iran (X tons) ranked third in terms of total imports with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Brazil amounted to -6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+6.5% per year) and Iran (0.0% per year).

In value terms, Brazil ($X) constituted the largest supplier of sisal binder or baler (agricultural) twines to Turkey, comprising 58% of total imports. The second position in the ranking was taken by Portugal ($X), with a 26% share of total imports. It was followed by Iran, with a 9.4% share.

From 2012 to 2022, the average annual growth rate of value from Brazil stood at -3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+9.0% per year) and Iran (0.0% per year).

Import Prices by Country

The average sisal binder import price stood at $X per ton in 2022, increasing by 15% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.5%. The growth pace was the most rapid in 2015 when the average import price increased by 16% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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