Yarn Exports Increased by 87% in the First 8 Months of 2021
Turkey’s most important sector, ready-to-wear and textile, is going through a very successful period in terms of exports. It is experiencing its heyday in exports in yarn, which is the indispensable product of both sectors. When European countries turned to Turkey to buy yarn due to rising freight prices, Turkish yarn manufacturers started to focus on exports. The increase in demand for yarn was also reflected in export figures.
The Most Important Product Group in Textile Exports: Yarn
When the exports of the Turkish textile and raw materials sector are analyzed on the basis of product groups in the January-August 2021 period, it is seen that the most important product group is the yarn product group with an increase of 87%. Yarn exports increased by 81.3% in August.
When the yarn exports in the January-August period of 2021 are examined on the basis of sub-product groups, it is observed that the most important sub-product group is yarns made of synthetic-artificial filament fibers with an export value of 635 million dollars. The share of the aforementioned product group in total yarn exports is 37.1%.
119% Increase in Cotton Yarn Exports
In January-August 2021, yarn exports from synthetic-artificial filament fibers increased by 73.7%. Cotton yarn became the second largest sub-product group with a share of 33.8% in total yarn exports. Exports of the cotton yarn product group increased by 119.2% in the January-August period of 2021 and amounted to 578 million dollars.
Top Yarn Exported Country: Italy
In the January-August period of 2021, the most important country in yarn export was Italy, with an export value of 192 million dollars. In this period, yarn exports to Italy increased by 86.9%. Other important countries that stand out in yarn exports in the January-August period are; England, Portugal and the Netherlands. In the January-August period of 2021, exports to the European Union countries, where 49.2% of Turkey’s yarn exports are carried out, increased by 86.2% and amounted to 842 million dollars.
Turkey, World’s 2nd Largest Investor in Open-End Rotor Shipment
According to the 43rd annual International Textile Machinery Shipment Statistics (ITMSS) results of the International Textile Manufacturers Federation (ITMF); the total number of short-staple spindles shipped decreased by approximately 3.3 million units in 2020 to 3.63 million. Turkey, and Pakistan were the world’s 2nd and 3rd largest investors in open-end rotors after China and saw investments surging by +290% and +42%, respectively. 80% of global long-staple spindle shipments are sent to Iran, Turkey and Italy.
