Turkey: Synthetic Yarn Market 2025

Synthetic Yarn Market Size in Turkey

The Turkish synthetic yarn market shrank to $X in 2022, falling by X% against the previous year. Over the period under review, the total consumption indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Synthetic Yarn Production in Turkey

In value terms, synthetic yarn production fell markedly to $X in 2022 estimated in export price. In general, production, however, posted a buoyant expansion. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Synthetic Yarn Exports

Exports from Turkey

Synthetic yarn exports from Turkey reduced to X tons in 2022, with a decrease of X% against the year before. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports attained the peak of X tons, and then declined slightly in the following year.

In value terms, synthetic yarn exports rose notably to $X in 2022. In general, total exports indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Italy (X tons), the United States (X tons) and Russia (X tons) were the main destinations of synthetic yarn exports from Turkey, with a combined X% share of total exports. Spain, Belarus, Uzbekistan, Egypt, Iran, the UK, Germany, Georgia, Ukraine and Austria lagged somewhat behind, together comprising a further X%.

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

In value terms, Italy ($X), the United States ($X) and Spain ($X) were the largest markets for synthetic yarn exported from Turkey worldwide, with a combined X% share of total exports. Russia, Belarus, the UK, Germany, Iran, Uzbekistan, Georgia, Egypt, Austria and Ukraine lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Georgia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average synthetic yarn export price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. The export price peaked in 2022 and is expected to retain growth in the near future.

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

Synthetic Yarn Imports

Imports into Turkey

In 2022, overseas purchases of yarn of synthetic or artificial staple fibers increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports, however, saw a perceptible reduction. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, synthetic yarn imports soared to $X in 2022. Overall, imports, however, recorded a pronounced reduction. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

India (X tons), Indonesia (X tons) and China (X tons) were the main suppliers of synthetic yarn imports to Turkey, with a combined X% share of total imports. Egypt, Nepal, Bulgaria, Vietnam, Thailand and Taiwan (Chinese) lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest synthetic yarn suppliers to Turkey were India ($X), Indonesia ($X) and China ($X), together accounting for X% of total imports. Egypt, Nepal, Bulgaria, Vietnam, Thailand and Taiwan (Chinese) lagged somewhat behind, together comprising a further X%.

Nepal, with a CAGR of X%, 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 synthetic yarn import price stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is likely to continue growth in the near future.

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 Taiwan (Chinese) ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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