Turkey: Wool Market 2025

Wool Market Size in Turkey

In 2022, the Turkish wool market decreased by -11.4% to $X, falling for the fourth consecutive year after two years of growth. Over the period under review, consumption showed a deep reduction. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Wool Production in Turkey

In value terms, wool production fell to $X in 2022 estimated in export price. Overall, production, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of 126% against the previous year. Wool production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Wool Exports

Exports from Turkey

In 2022, shipments abroad of wool decreased by -27.3% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, showed tangible growth. The most prominent rate of growth was recorded in 2017 with an increase of 107%. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, wool exports fell rapidly to $X in 2022. Overall, exports saw a deep downturn. The pace of growth appeared the most rapid in 2017 when exports increased by 111% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

China (X tons), India (X tons) and the UK (X tons) were the main destinations of wool exports from Turkey, together accounting for 76% of total exports. Poland, Portugal, Germany, Serbia, Italy and Belgium lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2022, the biggest increases were recorded for Serbia (with a CAGR of +24.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), India ($X) and the UK ($X) constituted the largest markets for wool exported from Turkey worldwide, together comprising 73% of total exports. Portugal, Poland, Germany, Italy, Serbia and Belgium lagged somewhat behind, together comprising a further 23%.

Serbia, with a CAGR of +25.3%, saw the highest growth rate of 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 2022, the average wool export price amounted to $X per ton, remaining constant against the previous year. In general, the export price saw a deep contraction. The most prominent rate of growth was recorded in 2014 when the average export price increased by 9% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to the UK ($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 Serbia (+0.9%), while the prices for the other major destinations experienced a decline.

Wool Imports

Imports into Turkey

In 2022, imports of wool into Turkey declined dramatically to X tons, waning by -24.9% against the year before. Over the period under review, imports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2018 with an increase of 254% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, wool imports shrank sharply to $X in 2022. In general, imports faced a abrupt decline. The pace of growth appeared the most rapid in 2018 when imports increased by 78%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, New Zealand (X tons) constituted the largest supplier of wool to Turkey, with a 54% share of total imports. Moreover, wool imports from New Zealand exceeded the figures recorded by the second-largest supplier, Australia (X tons), fourfold. Turkmenistan (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from New Zealand totaled -7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (-8.9% per year) and Turkmenistan (+47.1% per year).

In value terms, the largest wool suppliers to Turkey were New Zealand ($X), Australia ($X) and the UK ($X), together accounting for 88% of total imports. Turkmenistan, Syrian Arab Republic, Serbia and Morocco lagged somewhat behind, together comprising a further 5.3%.

Serbia, with a CAGR of +36.2%, saw the highest rates of growth with regard to 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

In 2022, the average wool import price amounted to $X per ton, shrinking by -5.2% against the previous year. In general, the import price saw a perceptible downturn. The most prominent rate of growth was recorded in 2019 when the average import price increased by 134%. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($X per ton), while the price for Turkmenistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Algeria (+65.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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