Turkey: Cotton and Products Annual

The February 6, 2023 earthquakes greatly affected Kahramanmaras, the center of Turkiye's cotton yarn and textile production, but the industry is already on the road to recovery. Turkiye’s cotton production in marketing year (MY) 2023/24 is forecast to decrease to 735,000 metric tons (MT; 3.4 million bales) based on the assumption that farmers will choose to plant less cotton in response to decreasing cotton prices. Cotton farmers were unable to make adequate profits in MY 2022/23 to cover rising input costs. In MY 2023/24, Turkish cotton consumption is expected to decrease to 1.7 million MT (7.8 million bales) due to lower demand from end consumers of ready-to-wear-garments in western markets. Cotton imports in MY2023/24 are forecast to be 900,000 MT (4.13 million bales) for the same period with the United States maintaining its market share as the leading supplier with strong competition from Brazil.