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Turkey - Insulated Wire And Cable - Market Analysis, Forecast, Size, Trends and Insights
Report Update: May 1, 2024

Turkey - Insulated Wire And Cable - Market Analysis, Forecast, Size, Trends and Insights

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Article Publishing Date: Jun 25, 2023

Turkey's Wire and Cable Price Increases Markedly to $6,991 per Ton

Turkey Wire And Cable Export Price in January 2023

In January 2023, the wire and cable price stood at $6,991 per ton (FOB, Turkey), surging by 5.3% against the previous month. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices attained the peak figure at $7,483 per ton in February 2022; however, from March 2022 to January 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In January 2023, the country with the highest price was Belgium ($13,153 per ton), while the average price for exports to Israel ($4,737 per ton) was amongst the lowest.

From January 2022 to January 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.

COUNTRYExport Price of Wire And Cable in Turkey (USD per ton)
Jan 2022Feb 2022Mar 2022Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023
Belgium10,32912,16612,95911,24511,45011,58512,53511,15310,56810,59511,26611,54013,153
France8,7118,8318,7918,7669,5198,2838,0607,2857,3837,5388,2779,1169,315
Germany11,0539,93111,05710,4059,4419,5047,5057,6998,2517,9878,9928,6188,996
Netherlands7,6017,8877,6737,9878,4588,1378,8488,2937,5197,7857,6987,5368,473
Bulgaria8,0628,1757,7417,3316,7617,2277,1836,3837,2706,6306,7315,9457,339
Ireland5,9936,5396,3676,7296,6006,9476,4926,3635,6545,8696,0176,8936,711
United Kingdom6,6506,7246,5656,7216,5486,4216,1705,6335,7005,6625,7735,9726,511
Poland6,5366,9597,3487,0766,3116,7125,1355,4995,6765,8566,2286,1346,035
Greece6,8567,1806,6366,2146,1396,9346,2285,6765,4225,5455,5905,8296,004
Austria9,5128,0278,5238,3736,1856,7525,8186,2225,8554,9975,5116,3555,993
United States5,1225,9536,5215,8106,3325,8075,5816,0135,8306,0085,8676,0235,571
Iraq6,4446,0936,6806,0956,5526,0545,6135,6895,5155,1955,6505,6215,571
Israel4,9285,6235,5295,8395,4485,7465,4295,5565,1035,2694,9254,8894,737
Average7,3977,4837,2887,4217,0517,1436,7136,5696,4486,2776,5236,6386,991

Turkey Wire And Cable Export Prices by Type

Prices varied noticeably by the product type; the product with the highest price was wiring sets used in vehicles, aircraft or ships ($24,654 per ton), while the average price for exports of insulated electric conductors for a voltage over 1000 v ($5,224 per ton) was amongst the lowest.

From January 2022 to January 2023, the most notable rate of growth in terms of prices was recorded for the following types: insulated electric conductors for a voltage under 1000 v, fitted with connectors (+1.5%), while the prices for the other products experienced more modest paces of growth.

Turkey Wire And Cable Exports

In January 2023, exports of insulated wire and cable from Turkey dropped to 40K tons, which is down by -10.9% on December 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2022 when exports increased by 18% month-to-month.

In value terms, wire and cable exports declined to $281M (IndexBox estimates) in January 2023. Overall, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in June 2022 with an increase of 20% month-to-month.

Turkey Wire And Cable Exports by Type

Insulated electric conductors for a voltage under 80 v, not fitted with connectors (30K tons) was the largest type of wire and cable exported from Turkey, accounting for a 74% share of total exports. Moreover, insulated electric conductors for a voltage under 80 v, not fitted with connectors exceeded the volume of the second product type, insulated electric conductors for a voltage over 1000 v (5.8K tons), fivefold. Wiring sets used in vehicles, aircraft or ships (1.4K tons) ranked third in terms of total exports with a 3.5% share.

From January 2022 to January 2023, the average monthly growth rate of the volume of export of insulated electric conductors for a voltage under 80 v, not fitted with connectors was relatively modest. With regard to the other exported products, the following average monthly rates of growth were recorded: insulated electric conductors for a voltage over 1000 v (+7.3% per month) and wiring sets used in vehicles, aircraft or ships (-0.1% per month).

In value terms, insulated electric conductors for a voltage under 80 v, not fitted with connectors ($180M) remains the largest type of wire and cable exported from Turkey, comprising 64% of total exports. The second position in the ranking was taken by wiring sets used in vehicles, aircraft or ships ($35M), with a 12% share of total exports. It was followed by insulated electric conductors for a voltage over 1000 v, with an 11% share.

From January 2022 to January 2023, the average monthly rate of growth in terms of the export volume of insulated electric conductors for a voltage under 80 v, not fitted with connectors was relatively modest. With regard to the other exported products, the following average monthly rates of growth were recorded: wiring sets used in vehicles, aircraft or ships (-0.0% per month) and insulated electric conductors for a voltage over 1000 v (+7.0% per month).

Turkey Wire And Cable Exports by Country

The UK (7.8K tons) was the main destination for wire and cable exports from Turkey, accounting for a 19% share of total exports. Moreover, wire and cable exports to the UK exceeded the volume sent to the second major destination, Germany (3.9K tons), twofold. The third position in this ranking was held by Israel (3K tons), with a 7.5% share.

From January 2022 to January 2023, the average monthly growth rate of volume to the UK totaled -1.4%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Germany (+3.8% per month) and Israel (+1.2% per month).

In value terms, the UK ($51M), Germany ($35M) and Israel ($14M) constituted the largest markets for wire and cable exported from Turkey worldwide, with a combined 35% share of total exports. These countries were followed by Iraq, Ireland, the United States, the Netherlands, Belgium, Austria, Poland, France, Bulgaria and Greece, which together accounted for a further 30%.

Austria, with a CAGR of +12.8%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the wire and cable 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 27321130 -
  • Prodcom 27321150 -
  • Prodcom 27321200 - Insulated coaxial cables and other coaxial electric conductors for data and control purposes whether or not fitted with connectors
  • Prodcom 27321340 - Other electric conductors, for a voltage . 1 .000 V, fitted with connectors
  • Prodcom 27321380 - Other electric conductors, for a voltage . 1 .000 V, not fitted with connectors
  • Prodcom 27321400 - Insulated electric conductors for voltage >1 .000 V (excluding winding wire, coaxial cable and other coaxial electric conductors, ignition and other wiring sets used in vehicles, a ircraft, ships)
  • Prodcom 29311000 - Insulated ignition wiring sets and other wiring sets of a kind used in vehicles, aircraft or ships

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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