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In 2020, the Wool market experienced a substantial decline in prices due to the impact of the COVID-19 pandemic and the related restrictions. Following that year, there was a slight price uptick in the subsequent years.

During the period spanning from June 2022 to May 2023, Germany emerged as the foremost export destination for the European Union's Home Textile market, with an export value of USD 2760 million. Following closely behind, France is in the second position with exports totaling USD 1800 million in value.

Turkey's export of Man-Made Staple fibres to Asia-Pacific has exhibited some fluctuation over time since 2021, with occasional peaks and dips. The moving average value of exports generally follows a declining trend for the said period, suggesting a smoothing out of short-term fluctuations in export values over time, potentially indicating a stabilization in the export market.

The capital investment (as a percent of GDP) is higher in Turkey as compared to India and Indonesia in year 2022. Whereas the PMI index of manufacturing in India is higher than both Turkey and Indonesia in the same period.

The industrial Production of China and Vietnam has increased by 3.7% and 3.15% in Q3 2023 as compared to Q3 2022, while in Taiwan it fell by 15.2 %.

In the Turkish market, the prices of 30s combed count woven organic yarn and woven yarn have predominantly exhibited a decline since the beginning of 2023.

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