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Turkey - Stranded Wire, Ropes And Cables - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Apr 1, 2024

Turkey - Stranded Wire, Ropes And Cables - Market Analysis, Forecast, Size, Trends and Insights

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Article Publishing Date: Aug 6, 2023

Price of Stranded Wire in Turkey Increases by 5% to $5,276 per Ton

Turkey Stranded Wire Export Price in March 2023

In March 2023, the stranded wire price stood at $5,276 per ton (FOB, Turkey), with an increase of 5.3% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.7%. The pace of growth was the most pronounced in January 2023 an increase of 16% against the previous month. The export price peaked in March 2023.

Prices varied noticeably by the country of destination: the country with the highest price was Poland ($9,792 per ton), while the average price for exports to Egypt ($1,999 per ton) was amongst the lowest.

From March 2022 to March 2023, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.

COUNTRYExport Price of Stranded Wire in Turkey (USD per ton)
Mar 2022Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023
Poland4,4084,1774,7074,9277,9294,7254,6574,8194,4368,3309,8188,0919,792
Italy7,7389,2948,2738,7117,1836,4187,7997,7597,7637,9448,5938,2638,798
United Kingdom4,9465,1354,9415,8933,6075,4603,6694,6487,4314,9136,2366,5018,441
France7,9387,6437,9917,8099,3636,6067,9476,5747,5847,3958,7567,9698,353
Germany8,7909,2537,9107,1745,3606,0245,3446,0526,6807,4838,2015,8015,554
United States4,5094,2834,6744,4584,0023,9664,5274,2614,2464,3544,5004,2565,160
Spain3,7413,6523,7973,9234,6263,5674,3124,7854,6494,6974,8145,5535,106
Bulgaria4,5704,6936,1445,2803,3283,9865,3214,6843,5553,8104,5813,8244,553
Slovakia4,9785,2744,7095,3544,7494,8054,6484,3673,8334,9415,1875,5824,365
Mozambique5,0072,6443,97310,6013,452N/A2,4223,65092911,6544,4993,2623,091
Romania3,1525,4462,8863,0512,6562,2792,3282,1322,3263,3723,4692,4282,717
Belgium2,0722,1221,9541,9381,8582,0562,0662,1792,2092,3372,5422,2702,447
Egypt2,2582,4202,3572,3542,2592,4932,2582,0392,1802,2932,2681,8971,999
Average4,2924,6484,5144,3484,1253,7604,1924,0584,3744,3615,0415,0105,276

Turkey Stranded Wire Export Prices by Type

Prices varied noticeably by the product type; the product with the highest price was copper stranded wire, cables and plaited bands ($10,502 per ton), while the average price for exports of stranded wire, ropes, cables, plaited bands, slings and the like, of iron or steel, not electrically insulated ($2,042 per ton) was amongst the lowest.

From March 2022 to March 2023, the most notable rate of growth in terms of prices was recorded for the following types: stranded wire, ropes, cables, plaited bands, slings and the like, of iron or steel, not electrically insulated (+1.1%), while the prices for the other products experienced a decline.

Turkey Stranded Wire Exports

Stranded wire exports from Turkey rose rapidly to 18K tons in March 2023, picking up by 9.7% on the previous month. In general, exports, however, continue to indicate a noticeable decrease. The most prominent rate of growth was recorded in August 2022 when exports increased by 17% against the previous month.

In value terms, stranded wire exports skyrocketed to $94M (IndexBox estimates) in March 2023. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern.

Turkey Stranded Wire Exports by Type

Stranded wire, ropes, cables, plaited bands, slings and the like, of iron or steel, not electrically insulated (7.5K tons), copper stranded wire, cables and plaited bands (6.1K tons) and aluminium; stranded wire, cables, plaited bands and the like, (not electrically insulated) (4.2K tons) were the main products of stranded wire exports from Turkey.

From March 2022 to March 2023, the most notable rate of growth in terms of shipments, amongst the major product types, was attained by copper stranded wire (with a CAGR of +0.8%), while the other products experienced a decline.

In value terms, copper stranded wire, cables and plaited bands ($64M) remains the largest type of stranded wire exported from Turkey, comprising 68% of total exports. The second position in the ranking was taken by stranded wire, ropes, cables, plaited bands, slings and the like, of iron or steel, not electrically insulated ($15M), with a 16% share of total exports.

From March 2022 to March 2023, the average monthly growth rate of the export volume of copper stranded wire, cables and plaited bands was relatively modest. With regard to the other exported products, the following average monthly rates of growth were recorded: stranded wire, ropes, cables, plaited bands, slings and the like, of iron or steel, not electrically insulated (-3.8% per month) and aluminium; stranded wire, cables, plaited bands and the like, (not electrically insulated) (-1.0% per month).

Turkey Stranded Wire Exports by Country

Italy (2.4K tons), the United States (1.6K tons) and Germany (1.6K tons) were the main destinations of stranded wire exports from Turkey, with a combined 32% share of total exports. The UK, Slovakia, Romania, Bulgaria, Egypt, Spain, Poland, Belgium, France and Mozambique lagged somewhat behind, together accounting for a further 34%.

From March 2022 to March 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mozambique (with a CAGR of +47.1%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($21M) remains the key foreign market for stranded wire exports from Turkey, comprising 22% of total exports. The second position in the ranking was taken by Germany ($9M), with a 9.6% share of total exports. It was followed by the United States, with an 8.9% share.

From March 2022 to March 2023, the average monthly growth rate of value to Italy amounted to +2.2%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Germany (+1.6% per month) and the United States (-0.5% per month).

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the stranded wire market 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 25931130 - Iron or steel stranded wire, ropes and cables (including stranded wires and wire ropes with or without attached fittings not electrically insulated) (excluding electrically insulated)
  • Prodcom 25931150 - Iron or steel plaited bands, slings and the like (excluding electrically insulated)
  • Prodcom 25931250 - Copper stranded wire, cables, plaited bands and the like excluding electrically insulated, barbed wire and loosely twisted non-barbed double fencing wire, insulated electric wire and cables
  • Prodcom 25931270 - Aluminium stranded wire, cables, plaited bands and the like excluding electrically insulated, barbed wire and loosely twisted non-barbed double fencing wire, insulated electric wire and cables

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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