Turkey: Textile Wadding Market 2024

Textile Wadding Market Size in Turkey

In 2022, the Turkish textile wadding market decreased by -21.6% to $X, falling for the third year in a row after five years of growth. In general, consumption, however, posted tangible growth. Textile wadding consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Textile Wadding Production in Turkey

In value terms, textile wadding production expanded slightly to $X in 2022 estimated in export price. In general, production enjoyed a significant increase. The pace of growth was the most pronounced in 2018 with an increase of 70%. Textile wadding production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Textile Wadding Exports

Exports from Turkey

Textile wadding exports from Turkey surged to X tons in 2022, rising by 34% against the previous year. In general, exports posted buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, textile wadding exports soared to $X in 2022. Over the period under review, exports posted prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for textile wadding exports from Turkey, with a 26% share of total exports. Moreover, textile wadding exports to Germany exceeded the volume sent to the second major destination, Georgia (X tons), fourfold. The third position in this ranking was taken by Azerbaijan (X tons), with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany totaled +45.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (+30.5% per year) and Azerbaijan (+22.5% per year).

In value terms, Germany ($X) remains the key foreign market for wadding of textile materials and articles thereof exports from Turkey, comprising 22% of total exports. The second position in the ranking was held by Georgia ($X), with a 7.3% share of total exports. It was followed by the UK, with a 6.3% share.

From 2012 to 2022, the average annual growth rate of value to Germany totaled +48.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (+28.5% per year) and the UK (+3.2% per year).

Export Prices by Country

The average textile wadding export price stood at $X per ton in 2022, flattening at the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 5%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Sudan ($X per ton), while the average price for exports to Poland ($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 Romania (+4.3%), while the prices for the other major destinations experienced more modest paces of growth.

Textile Wadding Imports

Imports into Turkey

In 2022, supplies from abroad of wadding of textile materials and articles thereof was finally on the rise to reach X tons after two years of decline. Over the period under review, imports recorded a remarkable increase. The growth pace was the most rapid in 2014 when imports increased by 57% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; afterwards, it flattened through to 2022.

In value terms, textile wadding imports soared to $X in 2022. Overall, total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +10.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 88% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Ukraine (X tons), Lithuania (X tons) and Bulgaria (X tons) were the main suppliers of textile wadding imports to Turkey, with a combined 49% share of total imports. Denmark, Poland, Turkmenistan, Uzbekistan, China, Hungary, Russia, Romania, South Korea and Italy lagged somewhat behind, together accounting for a further 42%.

From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of +175.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Lithuania ($X), Ukraine ($X) and Poland ($X) appeared to be the largest textile wadding suppliers to Turkey, with a combined 57% share of total imports. Bulgaria, Hungary, Russia, Uzbekistan, China, Denmark, South Korea, Romania, Turkmenistan and Italy lagged somewhat behind, together accounting for a further 33%.

Bulgaria, with a CAGR of +159.9%, recorded the highest growth rate of the value of imports, in terms of 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 textile wadding import price stood at $X per ton in 2022, jumping by 17% against the previous year. In general, the import price, however, saw a slight curtailment. The growth pace was the most rapid in 2014 an increase of 20%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

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 Lithuania ($X per ton), while the price for Turkmenistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+14.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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