Report Update: Apr 1, 2024

Turkey - Aluminium Alloy Wire - Market Analysis, Forecast, Size, Trends And Insights

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Aluminium Alloy Wire Price in Turkey - 2023

Aluminium Alloy Wire Price in Turkey (CIF) - 2023

In July 2023, the average aluminium alloy wire import price amounted to $4,534 per ton, approximately reflecting the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2023 when the average import price increased by 17% m-o-m. Over the period under review, average import prices reached the peak figure at $5,328 per ton in August 2022; however, from September 2022 to July 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was France ($8,062 per ton), while the price for the United Arab Emirates ($2,929 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Italy (+0.7%), while the prices for the other major suppliers experienced a decline.

Aluminium Alloy Wire Price in Turkey (FOB) - 2023

The average aluminium alloy wire export price stood at $4,710 per ton in July 2023, with an increase of 9.9% against the previous month. Over the period under review, the export price, however, recorded a slight decline. The pace of growth appeared the most rapid in January 2023 an increase of 47% m-o-m. As a result, the export price attained the peak level of $6,999 per ton. From February 2023 to July 2023, the the average export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Kazakhstan ($8,337 per ton), while the average price for exports to Tunisia ($3,338 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 Kazakhstan (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.

Aluminium Alloy Wire Imports in Turkey

For the fourth year in a row, Turkey recorded growth in overseas purchases of aluminium alloy wire, which increased by 26% to 7.7K tons in 2022. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +17.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +61.5% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, aluminium alloy wire imports skyrocketed to $39M in 2022. Overall, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Aluminium Alloy Wire in Turkey (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	5.6	6.7	10.0	16.3	42.8%
Netherlands	4.2	3.7	4.7	6.9	18.0%
Spain	2.2	2.2	3.4	3.9	21.0%
Malaysia	0.8	1.6	2.0	3.1	57.1%
United Kingdom	1.2	1.0	1.4	2.7	31.0%
France	1.3	1.4	1.6	2.5	24.4%
Germany	1.1	0.8	0.7	1.3	5.7%
Others	1.7	1.6	2.2	2.6	15.2%
Total	18.1	19.0	26.1	39.4	29.6%

Top Suppliers of Aluminium Alloy Wire to Turkey in 2022:

China (3434.4 tons)
Netherlands (1214.0 tons)
Malaysia (931.9 tons)
Spain (862.6 tons)
United Kingdom (460.3 tons)
France (318.3 tons)
Germany (155.8 tons)

Aluminium Alloy Wire Exports in Turkey

In 2022, approx. 1.9K tons of aluminium alloy wire were exported from Turkey; rising by 19% on 2021. Overall, exports recorded a relatively flat trend pattern.

In value terms, aluminium alloy wire exports soared to $7.7M in 2022. The total export value increased at an average annual rate of +9.0% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 19% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the near future.

Export of Aluminium Alloy Wire in Turkey (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Bulgaria	26.6	78.0	185	999	234.9%
Sweden	145	310	65.9	573	58.1%
Slovakia	0.4	N/A	N/A	561	1019.4%
Italy	795	998	334	421	-19.1%
Poland	84.2	211	202	246	43.0%
Germany	34.4	30.1	109	244	92.1%
Ukraine	N/A	23.7	9.3	212	199.1%
Norway	N/A	37.4	35.4	187	123.6%
Serbia	117	36.5	1.9	102	-4.5%
Egypt	221	11.1	N/A	56.6	-36.5%
France	1,287	729	1,575	9.0	-80.9%
Tunisia	299	N/A	526	N/A	32.6%
Belarus	N/A	926	225	N/A	-75.7%
Others	2,979	3,764	3,258	4,138	11.6%
Total	5,989	7,155	6,528	7,749	9.0%

Top Export Markets for Aluminium Alloy Wire from Turkey in 2022:

Bulgaria (250.5 tons)
Sweden (191.2 tons)
Slovakia (134.8 tons)
Italy (83.0 tons)
Ukraine (75.3 tons)
Norway (59.2 tons)
Poland (59.0 tons)
Germany (51.8 tons)
Serbia (26.0 tons)
Egypt (11.5 tons)
France (1.8 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the aluminium alloy 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 24422350 - Aluminium alloy wire (excluding insulated electric wire and cable, twine and cordage reinforced with aluminium wire, s tranded 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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. 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. 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. 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. 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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
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
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