Turkey Sewing Thread Imports In July 2023, imports of sewing thread of man-made filaments or staple fibers into Turkey skyrocketed to 1.1K tons, surging by 40% against the previous month. Overall, total imports indicated modest growth from July 2022 to July 2023: its volume increased at an average monthly rate of +1.2% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, imports increased by +79.7% against March 2023 indices.
In value terms, sewing thread imports skyrocketed to $5.7M (IndexBox estimates) in July 2023. In general, imports saw a relatively flat trend pattern.
Imports by Country
In July 2023, Egypt (770 tons) constituted the largest sewing thread supplier to Turkey, with a 69% share of total imports. Moreover, sewing thread imports from Egypt exceeded the figures recorded by the second-largest supplier, China (144 tons), fivefold. The third position in this ranking was taken by Oman (110 tons), with a 9.8% share.
From July 2022 to July 2023, the average monthly growth rate of volume from Egypt was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: China (+0.6% per month) and Oman (+6.7% per month).
In value terms, Egypt ($3.6M) constituted the largest supplier of sewing thread to Turkey, comprising 63% of total imports. The second position in the ranking was taken by China ($824K), with a 14% share of total imports. It was followed by Oman, with a 6.8% share.
From July 2022 to July 2023, the average monthly growth rate of value from Egypt was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: China (-0.4% per month) and Oman (+2.9% per month).
Imports by Type
In July 2023, sewing thread of man-made staple fibres, whether or not put up for retail sale (892 tons) constituted the largest type of sewing thread supplied to Turkey, accounting for a 80% share of total imports. Moreover, sewing thread of man-made staple fibres, whether or not put up for retail sale exceeded the figures recorded for the second-largest type, sewing thread of man-made filaments, whether or not put up for retail sale (225 tons), fourfold.
From July 2022 to July 2023, the average monthly growth rate of the volume of import of sewing thread of man-made staple fibres, whether or not put up for retail sale stood at +1.1%.
In value terms, sewing thread of man-made staple fibres, whether or not put up for retail sale ($3.9M) constituted the largest type of sewing thread supplied to Turkey, comprising 69% of total imports. The second position in the ranking was taken by sewing thread of man-made filaments, whether or not put up for retail sale ($1.8M), with a 31% share of total imports.
Import Prices by Country
In July 2023, the sewing thread price stood at $5,122 per ton (CIF, Turkey), waning by -8.4% against the previous month. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 5% m-o-m. Over the period under review, average import prices hit record highs at $5,701 per ton in August 2022; however, from September 2022 to July 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was India ($10,208 per ton), while the price for Oman ($3,561 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by India (+5.3%), while the prices for the other major suppliers experienced mixed trend patterns.
