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Turkey - Radiators for Central Heating (not Electrically Heated) - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

Turkey - Radiators for Central Heating (not Electrically Heated) - Market Analysis, Forecast, Size, Trends And Insights

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Article Publishing Date: Sep 16, 2023

Turkey Witnesses Consecutive Decline in Radiator Price to $2,024 per Ton over the Past Three Months

Turkey Radiator Export Price in July 2023

In July 2023, the radiator price stood at $2,024 per ton (FOB, Turkey), almost unchanged from the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 an increase of 6.7% month-to-month. The export price peaked at $2,102 per ton in April 2023; however, from May 2023 to July 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In July 2023, the country with the highest price was France ($2,638 per ton), while the average price for exports to Romania ($1,422 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+1.8%), while the prices for the other major destinations experienced more modest paces of growth.

Turkey Radiator Export Prices By Country (USD Per Ton)
COUNTRYExport Price of Radiator in Turkey (USD per ton)
Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023May 2023Jun 2023Jul 2023
France2,1282,3422,8262,1982,2692,2582,4422,6292,5382,7282,7922,6962,638
Russia2,3272,2161,9822,1892,0772,0732,2142,4742,7382,5622,5162,3512,398
United Kingdom2,1012,0602,0051,8642,0452,0342,0282,0542,0682,1052,1062,1322,232
Netherlands1,8701,9852,4931,9502,3142,0681,9532,2052,0512,1652,3092,1792,057
Greece1,6501,8111,6341,6471,7171,8161,6531,7581,7161,6481,7491,9051,811
Hungary1,7321,7451,6101,6771,5641,6031,7421,6611,4821,6341,8071,8431,608
Romania1,6751,5551,4581,4691,5421,5221,6641,5911,4961,4741,5201,4391,422
Average2,0962,0011,8791,8441,9681,9922,0552,0512,0072,1022,0612,0542,024

Turkey Radiator Export Prices by Type

Average prices varied somewhat for the major types of exported product. In July 2023, the product with the highest price was radiators and parts thereof; for central heating, (not electrically heated), of cast iron ($3,010 per ton), while the average price for exports of radiators and parts thereof; for central heating, (not electrically heated), of iron or steel other than cast iron stood at $2,011 per ton.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for the following types: radiators and parts thereof; for central heating, (not electrically heated), of iron or steel other than cast iron (-0.3%).

Turkey Radiator Exports

In July 2023, approximately 15K tons of radiators for central heating (not electrically heated) were exported from Turkey; shrinking by -19.7% compared with the month before. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in August 2022 with an increase of 66% month-to-month.

In value terms, radiator exports declined remarkably to $31M (IndexBox estimates) in July 2023. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2022 with an increase of 58% against the previous month. As a result, the exports attained the peak of $49M. From September 2022 to July 2023, the growth of the exports remained at a somewhat lower figure.

Turkey Radiator Exports by Type

Radiators and parts thereof; for central heating, (not electrically heated), of iron or steel other than cast iron (15K tons) was the largest type of radiator exported from Turkey, accounting for a 99% share of total exports. It was followed by radiators and parts thereof; for central heating, (not electrically heated), of cast iron (210 tons), with a 1.4% share of total exports.

From July 2022 to July 2023, the average monthly rate of growth in terms of the volume of export of radiators and parts thereof; for central heating, (not electrically heated), of iron or steel other than cast iron was relatively modest.

In value terms, radiators and parts thereof; for central heating, (not electrically heated), of iron or steel other than cast iron ($31M) remains the largest type of radiator exported from Turkey, comprising 98% of total exports. The second position in the ranking was taken by radiators and parts thereof; for central heating, (not electrically heated), of cast iron ($631K), with a 2% share of total exports.

From July 2022 to July 2023, the average monthly rate of growth in terms of the export volume of radiators and parts thereof; for central heating, (not electrically heated), of iron or steel other than cast iron was relatively modest.

Turkey Radiator Exports by Country

The UK (5.5K tons) was the main destination for radiator exports from Turkey, with a 35% share of total exports. Moreover, radiator exports to the UK exceeded the volume sent to the second major destination, Romania (2.5K tons), twofold. The third position in this ranking was held by Germany (801 tons), with a 5.2% share.

From July 2022 to July 2023, the average monthly rate of growth in terms of volume to the UK totaled +1.0%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Romania (+3.7% per month) and Germany (+5.4% per month).

In value terms, the UK ($12M) remains the key foreign market for radiator exports from Turkey, comprising 39% of total exports. The second position in the ranking was taken by Romania ($3.6M), with a 12% share of total exports. It was followed by Germany, with a 6.6% share.

From July 2022 to July 2023, the average monthly rate of growth in terms of value to the UK amounted to +1.5%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Romania (+2.3% per month) and Germany (+2.9% per month).

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for non-electric central heating radiator in Turkey. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 25211100 - Radiators for central heating, not electrically heated, and parts thereof, of iron or steel

Country coverage:

  • Turkey

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Turkey
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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