In 2023, Turkey registered a 12.5 per cent decline synthetic yarns exports to approximately 111,000 tons from the previous year. Despite these fluctuations, the overall export volume of synthetic yarns by Turkey increased at an average annual rate of 1.1 per cent from 2013 to 2023.
In value terms, Turkey’s exports of synthetic yarnsdeclined to $650 million in 2023, according to IndexBox estimates. The total export value increased modestly at an average annual rate of 1.6 per cent from 2013 to 2023 though notable fluctuations were observed.
The United States, Italy, and Russia were the top destinations for Turkish synthetic yarn exports in 2023, each receiving 13,000 tons, 13,000 tons, and 9,000 tons, respectively. Together, these countries accounted for 32 per cent of total exports. Belarus, the UK, Georgia, Iran, Spain, and Germany followed, collectively representing an additional 28 per cent of exports. Among these markets, Georgia saw the fastest growth in shipments, with a CAGR of 69.7 per cent.
In terms of export value, the United States ($100 million), Italy ($79 million), and the UK ($45 million) were the largest markets for Turkish synthetic yarn exports, together comprising 34 per cent of the total. Russia, Belarus, Georgia, Spain, Germany, and Iran made up an additional 30 per cent. Georgia also recorded the highest growth in export value, with a CAGR of 74.9 per cent during the review period.
By product category, yarn (other than sewing thread) of synthetic staple fibers, not sold for retail, dominated Turkey’s exports, with 74,000 tons accounting for 67 per cent of total volume. From 2013 to 2023, exports of synthetic staple fiber yarn (other than sewing thread, not for retail) grew at an annual rate of 2.6 per cent.
In terms of value, synthetic staple fiber yarn (other than sewing thread, not for retail) led exports with $388 million in 2023, followed by man-made staple fiber yarn (not sewing thread, sold for retail) at $216 million, and artificial staple fiber yarn (other than sewing thread, not for retail) at $46 million.
