Ranking 5th among the world’s largest yarn suppliers, Turkey increased its share in global yarn exports by 4.9% in 2021. In the first nine months of 2022, the yarn product group continued to rank first in Turkish textile and raw materials sector exports with an increase of 1.4%.
Yarn products, which make up a large part of the textile industry’s exports and are one of the important sub-sectors of the textile industry, are of great importance to revitalize both the world and Turkish economy. Global yarn exports, which have followed a fluctuating course in the last 10 years, increased by 41.5% in 2021 to 54.7 billion dollars, reaching an all-time high. China was the world’s largest yarn exporter with a 25.3% share of global yarn exports and exports of 13.8 billion dollars. Looking at global yarn imports, it was seen that imports increased by 40.3% compared to the previous year to 53.2 billion dollars and China ranked first in global yarn imports with a share of 15.2%.
Turkey Exports Yarn at All-Time High in 2021
Turkey’s yarn exports increased by 65.9% in 2021 to 2.7 billion dollars, reaching an all-time high. Turkey’s top yarn export destination was Italy with a share of 12.2%. Turkey’s yarn exports to Italy increased by 97.8% in 2021 and reached 328 million dollars. England ranked 2nd with a share of 8.6% and Portugal ranked 3rd with a share of 7.6% in Turkey’s yarn exports.
Turkey Exported Most Yarn from Synthetic-Synthetic Filament Fibers
When Turkey’s yarn exports were analyzed on the basis of sub-product groups, yarns from synthetic-synthetic filament fibers ranked first with a share of 36.3%. Turkey’s exports of yarns from synthetic-synthetic filament fibers increased by 55.6% in 2021 and were recorded at 979 million USD. Cotton yarn was the 2nd most exported yarn sub-product group with a share of 34.3%. Turkey’s cotton yarn exports increased by 90% in 2021 and were recorded at a value of 923 million dollars and realized as an all-time high. Turkey’s exports of yarns from synthetic-artificial non-staple fibers increased by 57.6% to 731 million dollars.
Turkey Buys the Most Yarn from China
Following a fluctuating course in recent years, global yarn imports increased by 40.3% in 2021 to 53.2 billion dollars, reaching an all-time high. China ranked first in global yarn imports with a share of 15.2%. China’s yarn imports increased by 36.3% to 8.1 billion dollars in 2021. Bangladesh ranked 2nd with a share of 7.3% in global yarn imports, while Turkey ranked 3rd with a share of 6.3% in global yarn imports, one step behind Bangladesh. Turkey’s yarn imports increased by 33% in 2021 and amounted to 3.4 billion dollars. The increase in yarn imports of the top ten countries in 2021 was remarkable. When Turkey’s yarn imports were analyzed by countries, China ranked first with a share of 25.1%. Turkey’s yarn imports from China increased by 40.4% in 2021 and reached 846 million dollars.
India ranked 2nd with a share of 15.9% and Uzbekistan ranked 3rd with a share of 12.8% in Turkey’s yarn imports. Turkey’s yarn imports from India increased by 40.6% to 535 million dollars in 2021, while yarn imports from Uzbekistan increased by 105.1% to 432 million dollars.
Turkey Exported About 2 Billion Dollars Worth of Yarn in the First 9 Months of 2022
Turkey exported approximately 2 billion dollars worth of yarn in the January-September period of 2022. In the same period, when yarn exports were analyzed on the basis of sub-product groups, it was observed that the most important sub-product group was yarns from synthetic-artificial filament fibers with an export value of 715 million dollars. The share of this product group in total yarn exports was 35.9%. Exports of the cotton yarn product group, which is the second largest sub-product group with a share of 32.6% in total yarn exports, decreased by 2.3% in the January-September period of 2022 and amounted to 649 million dollars. In the same period, the most important country in yarn exports was Italy, to which 261 million dollars worth of exports were realized, while yarn exports to Italy increased by 14.4% in this period. Other important countries in yarn exports were the USA, Portugal and Egypt. Exports to the European Union countries, where 49.2% of Turkey’s yarn exports were realized, increased by 0.5% to 979 million dollars.