Forecast: Import of Yarn of Synthetic Staple Fibres to Turkey

From 2013 to 2023, the import of yarn of synthetic staple fibres to Turkey exhibited notable fluctuations. In 2023, the series reached 466.47 million US dollars. Early years showed some variability with significant drops in 2015 and 2020. However, there's been an overall upward trend, particularly a strong recovery in the most recent years, highlighted by a year-on-year increase of 1.58% from 2022 to 2023. Looking at long-term growth, the compound annual growth rate (CAGR) over the last five years stood at 2.33%.

Future forecasts indicate a steady increase in import values, with a projected CAGR of 1.23% over the next five years, leading to a forecast value of 504.42 million US dollars by 2028. This suggests a continued, albeit gradual, upward trend in import activities.

Future trends to watch for include:

  • Changes in global synthetic staple fibre prices.
  • Turkey's manufacturing sector demand fluctuations.
  • Trade policies and possible tariffs or trade agreements impacting import volumes.
  • Technological advancements and shifts towards more sustainable materials.

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