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Turkey’s nonwoven fabric exports decline by 84.1% in December 2023

 

In December 2023, Turkey’s exports of nonwoven fabrics decreased by 84.1 per cent to approximately 3.8000 tons. This abrupt decline reflects a challenging period for exports.

According to the estimates by IndexBox, the value of nonwoven fabric exports from Turkey fell sharply to an estimated $12 million in December 2023. Overall, exports continue to show a considerable contraction, with the most rapid growth also observed in March 2023, at a 47 per cent increase month-to-month.

Egypt with imports of 271 tons, the United States with 262 tons of imports, and Germany with 219 tons emerged as the primary destinations for Turkey's nonwoven fabric exports, comprising a combined 20 per cent share of total exports.

From December 2022 to December 2023, Egypt experienced the most notable growth rate among the main destinations, with a Compound Annual Growth Rate (CAGR) of -11.1 per cent, while other leading destinations witnessed declines.

In terms of value, the United States with exports worth $773,000, Egypt with exports of $726,000, and Germany with exports worth $660,000 emerged as the largest markets for Turkish nonwoven fabric exports worldwide, accounting for a combined 19 per cent share of total exports. Germany showed the highest growth rate in export value, with a CAGR of -11.7 per cent, while other leading markets saw declines over the review period.

 

 
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