Turkey: Cotton Lint Market 2024

Cotton Lint Market Size in Turkey

The Turkish cotton lint market shrank to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption, however, saw a mild descent. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Cotton Lint Production in Turkey

In value terms, cotton lint production dropped modestly to $X in 2022 estimated in export price. Overall, production, however, showed a perceptible curtailment. The most prominent rate of growth was recorded in 2017 with an increase of X%. Cotton lint production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

The average yield of cotton lint in Turkey amounted to X tons per ha in 2022, increasing by X% on 2021. Over the period under review, the yield, however, continues to indicate a slight descent. The cotton lint yield peaked at X tons per ha in 2013; however, from 2014 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The cotton lint harvested area in Turkey reduced to X ha in 2022, which is down by X% compared with the year before. In general, the harvested area showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2017 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to cotton lint production reached the maximum at X ha in 2018; however, from 2019 to 2022, the harvested area stood at a somewhat lower figure.

Cotton Lint Exports

Exports from Turkey

In 2022, overseas shipments of cotton lint increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports posted prominent growth. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, cotton lint exports skyrocketed to $X in 2022. In general, exports continue to indicate resilient growth. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Pakistan (X tons) was the main destination for cotton lint exports from Turkey, with a X% share of total exports. Moreover, cotton lint exports to Pakistan exceeded the volume sent to the second major destination, Bangladesh (X tons), threefold. The third position in this ranking was taken by Iran (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Pakistan totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (X% per year) and Iran (X% per year).

In value terms, Pakistan ($X) remains the key foreign market for cotton lint exports from Turkey, comprising X% of total exports. The second position in the ranking was held by Bangladesh ($X), with a X% share of total exports. It was followed by Iran, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Pakistan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (X% per year) and Iran (X% per year).

Export Prices by Country

In 2022, the average cotton lint export price amounted to $X per ton, rising by X% against the previous year. Over the period under review, export price indicated a perceptible expansion from 2012 to 2022: its price 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, cotton lint export price increased by X% against 2019 indices. The growth pace was the most rapid in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Indonesia ($X per ton) and Bangladesh ($X per ton), while the average price for exports to Poland ($X per ton) and Pakistan ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cotton Lint Imports

Imports into Turkey

After three years of growth, supplies from abroad of cotton lint decreased by X% to X tons in 2022. Over the period under review, total imports indicated a strong expansion from 2012 to 2022: its volume 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, imports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2021, and then reduced slightly in the following year.

In value terms, cotton lint imports soared to $X in 2022. In general, imports, however, posted a buoyant expansion. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

Imports by Country

The United States (X tons), Brazil (X tons) and Greece (X tons) were the main suppliers of cotton lint imports to Turkey, with a combined X% share of total imports. Australia, Azerbaijan, Sudan, Mexico, Turkmenistan and Tajikistan lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cotton lint suppliers to Turkey were the United States ($X), Brazil ($X) and Greece ($X), with a combined X% share of total imports. Australia, Azerbaijan, Sudan, Mexico, Turkmenistan and Tajikistan lagged somewhat behind, together comprising a further X%.

Mexico, with a CAGR of X%, recorded 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

In 2022, the average cotton lint import price amounted to $X per ton, growing by X% against the previous year. Overall, import price indicated a pronounced increase from 2012 to 2022: its price 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, cotton lint import price increased by X% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Australia ($X per ton) and the United States ($X per ton), while the price for Turkmenistan ($X per ton) and Azerbaijan ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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