In the previous blog, we discussed the trade situation of silk products in India. For those interested, you can check out the previous article. In this blog, we will focus on the silk trade situation in Turkey from January to September 2024.
Source: China Chamber of Commerce, Import and Export of Textiles
Author: Silk Department
Date: 2024-11-05
According to the Turkish Statistical Institute, Turkey’s silk trade value from January to September reached USD 1.767 billion, a year-over-year decrease of 0.15%. Of this, exports accounted for USD 1.46 billion, down by 3.47% year-over-year, while imports totaled USD 0.307 billion, reflecting a year-over-year increase of 19.42%.
Exports:
Table 1: Export Statistics of Turkish Silk Products to Major Markets, January-September 2024
(in USD 10,000)
| Country/Region | Export Value | Share (%) | Year-over-Year (%) |
| Total | 146035.77 | 100.00 | -3.47 |
| EU (27 countries) | 80021.35 | 54.79 | -0.56 |
| Belarus | 9178.67 | 6.29 | -26.82 |
| United Kingdom | 7115.86 | 4.87 | -3.73 |
| Russia | 6303.73 | 4.32 | -21.28 |
| Iraq | 5263.37 | 3.60 | 17.13 |
| USA | 4736.85 | 3.24 | -17.22 |
| Morocco | 3106.58 | 2.13 | 37.30 |
| Uzbekistan | 2995.46 | 2.05 | 246.97 |
| Kazakhstan | 2034.17 | 1.39 | 6.83 |
| Saudi Arabia | 1873.75 | 1.28 | 187.32 |
(Data source: GTF)
Table 2 Export Value of Turkish Silk Yarn to Major Markets, January-September 2024
(in USD 10,000)
| Country/Region | Export Value | Share (%) | Year-over-Year (%) |
| Total | 15.44 | 100.00 | -79.70 |
| Egypt | 4.50 | 29.18 | 42791.43 |
| China | 4.29 | 27.82 | -92.49 |
| EU (27 countries) | 1.46 | 9.47 | -84.07 |
| Republic of North Macedonia | 1.39 | 9.02 | 6284.40 |
| Tajikistan | 0.98 | 6.37 | -33.72 |
(Data source: GTF)
Table 3: Export Quantity of Turkish Silk Yarn to Major Markets, January-September 2024
(in tons, USD/kg)
| Country/Region | Export Volume (tons) | Year-over-Year (%) | Export Unit Price (USD/kg) | Year-over-Year (%) |
| Total | 28.13 | -46.72 | 5.49 | -61.91 |
| China | 10.91 | -67.69 | 3.94 | -76.77 |
| Republic of North Macedonia | 6.88 | 20138.24 | 2.02 | -68.45 |
| Tajikistan | 2.27 | -18.16 | 4.33 | -19.01 |
| Libya | 1.44 | -66.57 | 3.46 | -23.31 |
| EU (27 countries) | 1.39 | -70.28 | 10.49 | -46.41 |
(Data source: GTF)
Table 4: Export value of Turkish Silk Fabrics to Major Markets, January-September 2024
(in USD 10,000)
| Country/Region | Export Value | Share (%) | Year-over-Year (%) |
| Total | 39332.74 | 100.00 | -15.11 |
| EU (27 countries) | 13731.52 | 34.91 | -18.44 |
| Belarus | 8709.67 | 22.14 | -26.79 |
| Russia | 4992.66 | 12.69 | 4.27 |
| Morocco | 2777.88 | 7.06 | 46.85 |
| Serbia | 1064.41 | 2.71 | -18.84 |
| Kyrgyzstan | 829.52 | 2.11 | -58.96 |
| Ukraine | 766.05 | 1.95 | 19.99 |
| Tunisia | 685.64 | 1.74 | -3.16 |
(Data source: GTF)
Table 5: Export Value of Turkish Silk Finished Products to Major Markets, January-September 2024
(in USD 10,000)
| Country/Region | Export Value | Share (%) | Year-over-Year (%) |
| Total | 106687.60 | 100.00 | 1.73 |
| EU (27 countries) | 66288.37 | 62.13 | 4.18 |
| United Kingdom | 7026.55 | 6.59 | -3.62 |
| Iraq | 4981.36 | 4.67 | 20.94 |
| USA | 4232.32 | 3.97 | -22.34 |
| Uzbekistan | 2562.92 | 2.40 | 435.55 |
| Saudi Arabia | 1839.20 | 1.72 | 198.93 |
| UAE | 1511.55 | 1.42 | 31.36 |
| Kazakhstan | 1489.65 | 1.40 | 17.88 |
| Russia | 1311.07 | 1.23 | -59.28 |
(Data source: GTF)
Imports:
Table 6: Import Statistics of Turkey’s Silk Products from Major Sources, January-September 2024
(in USD 10,000)
| Country/Region | Import Value | Share (%) | Year-over-Year (%) |
| Total | 30680.35 | 100.00 | 19.42 |
| China | 7707.01 | 25.12 | 31.60 |
| Georgia | 6222.70 | 20.28 | 20.57 |
| EU (27 countries) | 6039.94 | 19.69 | -7.55 |
| South Korea | 2246.40 | 7.32 | -13.99 |
| Bangladesh | 1569.37 | 5.12 | 76.18 |
| Egypt | 1367.05 | 4.46 | 79.43 |
| Morocco | 1116.80 | 3.64 | 28.51 |
| Vietnam | 814.83 | 2.66 | 29.57 |
(Data source: GTF)
Table 7: Import Value of Turkey’s Silk Yarn from Major Sources, January-September 2024
(in USD 10,000)
| Country/Region | Import Value | Share (%) | Year-over-Year (%) |
| Total | 336.17 | 100.00 | -18.98 |
| China | 199.94 | 59.48 | -14.09 |
| EU (27 countries) | 75.10 | 22.34 | 78.03 |
| Thailand | 42.05 | 12.51 | -38.16 |
| India | 5.42 | 1.61 | 34.52 |
(Data source: GTF)
Table 8: Import Quantity of Turkey’s Silk Yarn from Major Sources, January-September 2024
(in tons, USD/kg)
| Country/Region | Import Volume (tons) | Year-over-Year (%) | Import Unit Price (USD/kg) | Year-over-Year (%) |
| Total | 63.66 | -29.81 | 52.81 | 15.42 |
| China | 38.46 | -4.91 | 51.99 | -9.66 |
| Azerbaijan | 10.30 | -65.14 | 4.45 | -74.15 |
| EU (27 countries) | 5.64 | 66.91 | 133.27 | 6.66 |
| Thailand | 4.54 | -37.49 | 92.54 | -1.08 |
(Data source: GTF)
Table 9: Import Value of Turkey’s Pure Silk Fabrics from Major Sources, January-September 2024
(in USD 10,000)
| Country/Region | Import Value | Share (%) | Year-over-Year (%) |
| Total | 10996.39 | 100.00 | 9.85 |
| China | 4731.19 | 43.02 | 20.44 |
| South Korea | 2244.98 | 20.42 | -13.96 |
| EU (27 countries) | 2099.59 | 19.09 | -23.36 |
| Egypt | 1067.63 | 9.71 | 125.74 |
| Malaysia | 521.84 | 4.75 | 2290.11 |
| Taiwan, China | 122.41 | 1.11 | 1817.63 |
(Data source: GTF)
Table 10: Import value of Turkey’s Silk Finished Products from Major Sources, January-September 2024
(in USD 10,000)
| Country/Region | Import Value | Share (%) | Year-over-Year (%) |
| Total | 19347.79 | 100.00 | 26.73 |
| Georgia | 6222.69 | 32.16 | 20.57 |
| EU (27 countries) | 3865.26 | 19.98 | 3.02 |
| China | 2775.87 | 14.35 | 63.73 |
| Bangladesh | 1569.27 | 8.11 | 76.17 |
| Morocco | 1112.65 | 5.75 | 28.13 |
| Vietnam | 807.19 | 4.17 | 28.95 |
| Cambodia | 643.82 | 3.33 | 47.54 |
| India | 411.53 | 2.13 | 65.08 |
(Data source: GTF)
(Disclaimer from esilk.net: This article is published to share industry insights. The content is for reference only.)
This report analyzes Turkey’s silk trade from January to September 2024. According to data from the Turkish Statistical Institute, Turkey’s total silk trade value reached USD 1.767 billion, a year-over-year decrease of 0.15%. Of this, exports accounted for USD 1.46 billion, down 3.47% year-over-year, while imports totaled USD 0.307 billion, reflecting a year-over-year increase of 19.42%.
Key Highlights:
- Exports:
- Main Markets: Turkey’s main silk export markets include the EU, Belarus, the United Kingdom, Russia, and Iraq. The EU holds the largest share, accounting for 54.79% of total exports, although it experienced a slight decrease of 0.56% year-over-year. Demand in Morocco and Uzbekistan showed significant growth, increasing by 37.3% and 246.97%, respectively.
- Silk Yarn Exports: Turkey’s silk yarn exports declined sharply, with total exports dropping by 79.7% to only USD 1.544 million. Egypt became the primary market, holding a 29.18% share with notable year-over-year growth.
- Silk Fabric Exports: Silk fabric exports totaled USD 39.33 million, down 15.11% year-over-year. Demand in Morocco rose by 46.85%, while the Russian market showed a modest increase of 4.27%.
- Imports:
- Main Source Countries: Turkey’s primary sources of silk imports are China, Georgia, and the EU. China is the largest supplier, accounting for 25.12% of total imports, with a year-over-year increase of 31.6%. Imports from Bangladesh and Egypt also grew significantly, by 76.18% and 79.43%, respectively.
- Silk Yarn Imports: Silk yarn imports totaled USD 3.3617 million, a decrease of 18.98% year-over-year. China remains the main supplier, contributing 59.48% of the total.
- Silk Fabric Imports: Silk fabric imports rose by 9.85%, with imports from China accounting for 43.02% of the total.
Trends and Analysis:
- On the export side, demand for Turkish silk products in major markets has declined, but strong growth in Morocco and Uzbekistan offers new opportunities for Turkey’s silk industry.
- On the import side, Turkey remains highly dependent on Chinese silk but has also increased imports from countries like Georgia and Bangladesh, indicating a trend toward market diversification.
This report highlights Turkey’s competitive position and changing trends in the global silk market, providing valuable insights for businesses in the industry.
Disclaimer by esilk.net: This article is published to convey more industry information, and the content is for reference only.To learn more about the trade situation for silk products in the United States from January to August 2024, please refer to our previous blog. For more insights on silk products, follow the DOCSUN blog. If you’re interested in silk products, visit our website.https://www.docsunhomeandliving.com/
