Turkey - Metal Complete And Assembled Domestic Furniture - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMetal Domestic Furniture Price in Turkey - 2023
Contents:
- Metal Domestic Furniture Price in Turkey (FOB) - 2023
- Metal Domestic Furniture Price in Turkey (CIF) - 2023
- Metal Domestic Furniture Exports in Turkey
- Metal Domestic Furniture Imports in Turkey
Metal Domestic Furniture Price in Turkey (FOB) - 2023
The average metal domestic furniture export price stood at $3,540 per ton in July 2023, remaining constant against the previous month. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in May 2023 when the average export price increased by 11% month-to-month. As a result, the export price reached the peak level of $3,716 per ton. From June 2023 to July 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In July 2023, the country with the highest price was Saudi Arabia ($5,160 per ton), while the average price for exports to Azerbaijan ($2,207 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 Saudi Arabia (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.
Metal Domestic Furniture Price in Turkey (CIF) - 2023
In July 2023, the average metal domestic furniture import price amounted to $5,915 per ton, rising by 6% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in September 2022 when the average import price increased by 23% against the previous month. Over the period under review, average import prices reached the peak figure at $7,906 per ton in October 2022; however, from November 2022 to July 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Italy ($16,814 per ton), while the price for the Netherlands ($1,171 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 (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Metal Domestic Furniture Exports in Turkey
In 2022, after three years of growth, there was decline in shipments abroad of metal furniture, when their volume decreased by -1.5% to 148K tons. In general, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +13.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +44.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 24% against the previous year. As a result, the exports reached the peak of 150K tons, and then shrank in the following year.
In value terms, metal domestic furniture exports expanded remarkably to $487M in 2022. Overall, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +15.7% 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 +54.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 37%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.
| Export of Metal Domestic Furniture in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 32.4 | 31.9 | 46.1 | 58.8 | 22.0% |
| Iraq | 32.3 | 32.6 | 39.0 | 32.3 | 0.0% |
| France | 26.6 | 27.5 | 32.7 | 32.1 | 6.5% |
| United States | 8.0 | 16.9 | 25.9 | 27.2 | 50.4% |
| Israel | 8.1 | 11.6 | 22.4 | 24.4 | 44.4% |
| Netherlands | 9.8 | 11.6 | 17.3 | 20.4 | 27.7% |
| United Kingdom | 7.3 | 10.0 | 15.4 | 19.9 | 39.7% |
| Romania | 11.3 | 15.1 | 18.3 | 18.6 | 18.1% |
| Libya | 12.0 | 12.4 | 17.9 | 14.0 | 5.3% |
| Spain | 13.7 | 7.5 | 14.0 | 13.7 | 0.0% |
| Morocco | 6.3 | 6.8 | 10.6 | 10.5 | 18.6% |
| Bulgaria | 6.8 | 7.7 | 9.6 | 9.8 | 13.0% |
| Azerbaijan | 6.8 | 8.7 | 10.4 | 9.3 | 11.0% |
| Others | 133 | 129 | 172 | 196 | 13.8% |
| Total | 314 | 329 | 451 | 487 | 15.8% |
Top Export Markets for Metal Domestic Furniture from Turkey in 2022:
- Germany (16.7K tons)
- Iraq (13.1K tons)
- France (9.4K tons)
- Israel (8.3K tons)
- United States (8.2K tons)
- Romania (7.5K tons)
- United Kingdom (6.8K tons)
- Netherlands (5.7K tons)
- Libya (5.2K tons)
- Spain (4.9K tons)
- Azerbaijan (4.0K tons)
- Bulgaria (3.8K tons)
- Morocco (3.5K tons)
Metal Domestic Furniture Imports in Turkey
After three years of growth, overseas purchases of metal furniture decreased by -26.3% to 15K tons in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 27%. As a result, imports reached the peak of 20K tons, and then contracted notably in the following year.
In value terms, metal domestic furniture imports declined to $96M in 2022. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +7.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +25.4% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 41% against the previous year. As a result, imports reached the peak of $110M, and then shrank in the following year.
| Import of Metal Domestic Furniture in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 31.8 | 33.2 | 43.8 | 35.9 | 4.1% |
| Italy | 8.9 | 8.3 | 16.0 | 13.3 | 14.3% |
| Malaysia | 6.0 | 8.7 | 16.5 | 8.8 | 13.6% |
| Germany | 6.7 | 5.5 | 4.4 | 8.3 | 7.4% |
| Indonesia | 1.3 | 1.9 | 3.2 | 3.8 | 43.0% |
| Czech Republic | 0.8 | 0.8 | 1.2 | 2.6 | 48.1% |
| Bulgaria | 2.7 | 1.6 | 1.9 | 2.3 | -5.2% |
| Vietnam | 1.6 | 1.8 | 2.7 | 2.1 | 9.5% |
| India | 0.7 | 0.7 | 0.8 | 1.1 | 16.3% |
| Others | 16.1 | 15.4 | 19.3 | 17.8 | 3.4% |
| Total | 76.5 | 77.9 | 110 | 96.0 | 7.9% |
Top Suppliers of Metal Domestic Furniture to Turkey in 2022:
- China (6.9K tons)
- Malaysia (2.1K tons)
- Germany (1.0K tons)
- Italy (0.9K tons)
- Czech Republic (0.6K tons)
- Bulgaria (0.6K tons)
- Indonesia (0.3K tons)
- Vietnam (0.3K tons)
- India (0.2K tons)
This report provides an in-depth analysis of the metal domestic furniture 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 31091100 - Metal furniture (excluding office, medical, surgical, dental or veterinary furniture, barbers
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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