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Increase rates in Turkish textile exports continue to decrease

TopicalIncrease rates in Turkish textile exports continue to decrease

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According to the data in the ‘Textile and Raw Materials Sector October 2022 Export Performance Report’ published by the Istanbul Textile and Raw Materials Exporters’ Association (ITHIB), the exports of the sector increased by 4% in the January-October period of 2022 compared to the same period of the previous year and reached a value of 10.9 billion dollars. Exports of the textile and raw materials sector decreased by 12.1% in October 2022 compared to the same period of the previous year and amounted to 1 billion dollars, and recorded a decrease of 11.9% compared to September. Türkiye’s general exports increased by 2.8% and reached a value of 21.3 billion dollars in the same period, while the share of exports of the textile and raw materials sector in overall exports was announced as 4.8%. Exports of industrial products decreased by 4% to 15 billion dollars in this period.

EU and African countries maintained their weight in Turkish textile exports

The textiles and raw materials were mostly exported to EU (27) countries, decreasing by 0.03% compared to the same period of 2021 and amounting to 4.9 billion dollars in the January-October period of 2022. Exports to African countries, which ranked second, increased by 14.9% in this period and reached 1.2 billion dollars. Exports on a quantity basis decreased by 5.6% and were recorded as 2.3 million tons in the same period. While exports to EU countries decreased by 5.3% and amounted to 946 thousand tons, the second most exported country group on a quantity basis was African countries with a share of 11.6% and exports of 262 thousand tons. In this period, exports of textiles and raw materials to Italy, which constitutes the most important export market on a quantity basis with a share of 8.2%, decreased by 5% and amounted to 186 thousand tons.

Increase rates in Turkish textile exports continue to decrease

Morocco rose to first place among the countries Türkiye experienced the highest increase in exports

When the prominent countries in Turkish textile and raw materials exports are evaluated in the January-October 2022 period, it is seen that the most important export market is Italy. In this period, exports of textiles and raw materials to Italy increased by 8.8% and amounted to 996 million dollars, followed by Germany, with exports worth 832 million dollars and a decrease of 1.1%. The third important market was the USA, receiving a 6.8% share of Türkiye’s total textile and raw materials exports. Exports to the USA in this period increased by 8.1% and reached a value of 745 million dollars. The fourth and fifth largest export markets were Spain with an increase of 27.7% and exports worth 501 million dollars, and the UK with a decrease of 16.5% and exports worth 418 million dollars. It was stated that the countries with the highest increase in exports among the top 10 countries to which Türkiye exported the most textiles and raw materials in this period were: Morocco with an increase of 33.2%, Iran with an increase of 28.2%, and Spain with an increase of 27.7%.

Italy was followed by Germany with an increase of 1.9% and an export value of 154 thousand tons, and the USA with an increase of 11.8% and an export value of 142 thousand tons. Among the top ten countries, the country with the highest increase in exports was Morocco. In this period, exports to Morocco increased by 25.1% and were recorded as 54 thousand tons. In the same period, the country with the highest decrease was the United Kingdom. Exports to the United Kingdom decreased by 22.3% and were recorded as 94 thousand tons.

Yarn, the most important product group, ended the period with a decrease of 0.9%

Yarn, the most important product group, ended the period with a decrease of 0.9%

When the exports of the Turkish textile and raw materials sector are analyzed by product groups in the January-October 2022 period, the most important product group was yarn with a decrease of 0.9%. Yarns from synthetic-artificial filament fibres, which make up 35.7% of total yarn exports, ranked first with exports worth 778 million dollars in this period. The exports of the cotton yarn product group, following the leader with a share of 32.2%, decreased by 5.4% and amounted to 701 million dollars. Cotton, cotton yarn and cotton fabric imports increased by 51% and amounted to 4.3 million dollars in the January-October 2022 period, according to the data shared by the Ministry of Trade of the Republic of Türkiye. In the same period, woven fabrics followed yarn with a slight gap among the product groups that were exported the most. An export value of 2.2 billion dollars was reached with an increase of 14.2% in woven fabrics. The third important product group, technical textile exports, increased by 1% to 2 billion dollars.

Examining home textile exports, it was seen that exports decreased by 2.1% and amounted to 1.9 billion dollars. Knitted fabric exports decreased by 2.5% to 1.7 billion dollars, while fibre exports increased by 18% to 951 million dollars. Exports of the apparel sub-industry sector increased by 8% to 481 million dollars in the same period.

The average capacity utilization rate of the manufacturing industry for the last 12 months was 77.6%, according to the capacity utilization report announced by the Central Bank of the Republic of Türkiye. The capacity utilization rate, which was 71.2% in the production of textile products in October 2022, decreased by 1.6% compared to September 2022 and decreased by 12% compared to October 2021. The manufacturing industry production index increased by 2.2%, while the textile industry production index decreased by 10.6% compared to the same month of the previous year in August 2022, according to the data of the Turkish Statistical Institute. Textile and apparel sectors’ employment reached 1 million 243 thousand in August 2022. Total employment increased by 8.2% compared to the same period of the previous year. However, it is pointed out that the current decline in employment due to the closures of workshops and factories in the recent period may increase further after the new year due to exchange rate pressure and uncertainty in minimum wages.

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