Report Update: May 1, 2024

Turkey - Table, Kitchen Or Household Articles And Parts Of Iron - Market Analysis, Forecast, Size, Trends And Insights

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Iron Household Articles Price in Turkey - 2023

Iron Household Articles Price in Turkey (FOB) - 2023

In July 2023, the average iron household articles export price amounted to $2,807 per ton, waning by -3.9% against the previous month. In general, the export price saw a slight reduction. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 11% m-o-m. The export price peaked at $3,184 per ton in July 2022; however, from August 2022 to July 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In July 2023, the country with the highest price was France ($3,887 per ton), while the average price for exports to the Netherlands ($2,065 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 (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.

Iron Household Articles Price in Turkey (CIF) - 2023

In July 2023, the average iron household articles import price amounted to $6,485 per ton, growing by 3% against the previous month. Overall, import price indicated a temperate expansion from July 2022 to July 2023: its price increased at an average monthly rate of +3.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, iron household articles import price increased by +16.2% against March 2023 indices. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 46% m-o-m. As a result, import price attained the peak level of $8,705 per ton. From March 2023 to July 2023, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($10,502 per ton), while the price for the United Arab Emirates ($1,311 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 France (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Iron Household Articles Exports in Turkey

Iron household articles exports from Turkey rose modestly to 46K tons in 2022, surging by 4.6% compared with 2021. The total export volume increased at an average annual rate of +5.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 24% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, iron household articles exports soared to $141M in 2022. In general, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +13.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +67.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 44% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

Export of Iron Household Articles in Turkey (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	4.9	5.7	10.2	10.4	28.5%
United States	3.8	2.7	8.5	8.8	32.3%
Netherlands	8.5	9.4	8.7	8.0	-2.0%
United Kingdom	5.3	4.0	5.2	7.9	14.2%
Iraq	6.8	5.0	5.9	7.9	5.1%
Israel	3.0	3.2	5.0	6.3	28.1%
Spain	2.2	2.1	5.7	6.1	40.5%
Romania	4.8	4.1	5.3	5.5	4.6%
Libya	2.5	2.0	5.0	4.9	25.1%
Italy	1.8	2.1	2.5	3.4	23.6%
United Arab Emirates	1.5	1.4	2.4	3.3	30.1%
Saudi Arabia	7.4	5.7	N/A	3.1	-25.2%
Greece	2.1	1.7	2.9	2.8	10.1%
Others	42.3	35.3	54.3	63.2	14.3%
Total	96.9	84.3	122	141	13.3%

Top Export Markets for Iron Household Articles from Turkey in 2022:

Netherlands (3.0K tons)
Germany (3.0K tons)
United Kingdom (2.9K tons)
United States (2.6K tons)
Israel (2.4K tons)
Iraq (2.4K tons)
Spain (2.4K tons)
Romania (1.8K tons)
Libya (1.4K tons)
Italy (1.3K tons)
Greece (1.2K tons)
Saudi Arabia (1.2K tons)
United Arab Emirates (1.1K tons)

Iron Household Articles Imports in Turkey

In 2022, the amount of table, kitchen or household articles and parts of iron imported into Turkey surged to 1.3K tons, growing by 17% compared with the previous year. Over the period under review, imports saw a relatively flat trend pattern.

In value terms, iron household articles imports expanded remarkably to $8.1M in 2022. The total import value increased at an average annual rate of +6.9% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Iron Household Articles in Turkey (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	4,086	4,006	4,137	4,854	5.9%
Germany	157	1,328	920	748	68.3%
Italy	499	459	355	690	11.4%
India	234	276	301	193	-6.2%
Iran	6.2	24.5	3.4	176	205.1%
France	25.4	21.1	53.0	160	84.7%
Poland	62.6	71.7	90.1	126	26.3%
South Korea	102	192	149	99.5	-0.8%
Morocco	N/A	43.2	68.2	84.9	40.2%
Libya	N/A	N/A	0.1	67.0	66900.0%
Greece	697	259	40.7	34.0	-63.5%
United Arab Emirates	131	113	84.0	1.2	-79.1%
Others	650	498	978	881	10.7%
Total	6,650	7,293	7,180	8,115	6.9%

Top Suppliers of Iron Household Articles to Turkey in 2022:

China (782.4 tons)
Germany (152.2 tons)
Italy (91.8 tons)
Poland (43.1 tons)
Iran (40.3 tons)
Morocco (35.2 tons)
Libya (23.7 tons)
France (22.2 tons)
India (21.5 tons)
South Korea (10.8 tons)
Greece (1.5 tons)
United Arab Emirates (0.4 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the iron household articles 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 25991245 - Table, kitchen or household articles and parts thereof of iron other than cast iron, or steel other than stainless (excl. enamelled)

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