The import of sewing thread of synthetic staple fibres to Turkey experienced fluctuations from 2013 to 2023, starting at 50.858 million USD in 2013 and rising to 51.19 million USD by 2023. Notably, the highest annual growth rate was observed in 2021 with a significant increase of 22.69%, while the most substantial decline occurred in 2020 with a 15.42% drop. The forecast data from 2024 to 2028 suggests a continuing upward trend, reaching 55.662 million USD by 2028. The five-year CAGR from 2024 is projected at 1.32%, indicating a steady yet moderate growth.
Key trends over the last two years show a consistent increase, with 2022 seeing a 1.77% rise and 2023 a 1.7% rise. The average annual growth rate over the last five years reflected a more dynamic pattern with a 2.69% CAGR. This data points to a gradual recovery and stabilization of the market since the significant downturn in 2020.
Future trends to watch for include potential impacts of global economic conditions on raw material prices and the competitive landscape of textile manufacturing in Turkey. Technological advancements in textile production and shifts in trade policies might also influence the import volumes and values in the coming years.
