Turkey - Iron Or Steel Nuts (Including Self-Locking Nuts) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMetal Self-Locking Nut Price in Turkey - 2023
Contents:
- Metal Self-Locking Nut Price in Turkey (CIF) - 2023
- Metal Self-Locking Nut Price in Turkey (FOB) - 2023
- Metal Self-Locking Nut Imports in Turkey
- Metal Self-Locking Nut Exports in Turkey
Metal Self-Locking Nut Price in Turkey (CIF) - 2023
In July 2023, the average metal self-locking nut import price amounted to $7,195 per ton, falling by -13.1% against the previous month. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 8.7% against the previous month. The import price peaked at $8,776 per ton in October 2022; however, from November 2022 to July 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was the United States ($35,030 per ton), while the price for Malaysia ($2,326 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 (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Metal Self-Locking Nut Price in Turkey (FOB) - 2023
In July 2023, the average metal self-locking nut export price amounted to $4,244 per ton, shrinking by -6.8% against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +1.1%. The growth pace was the most rapid in April 2023 when the average export price increased by 7.8% against the previous month. Over the period under review, the average export prices reached the maximum at $4,554 per ton in June 2023, and then shrank in the following month.
There were significant differences in the average prices for the major export markets. In July 2023, the country with the highest price was Poland ($5,497 per ton), while the average price for exports to the United States ($2,978 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 Poland (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.
Metal Self-Locking Nut Imports in Turkey
Metal self-locking nut imports into Turkey amounted to 17K tons in 2022, surging by 3% compared with the year before. The total import volume increased at an average annual rate of +4.0% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 19%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, metal self-locking nut imports amounted to $136M in 2022. The total import value increased at an average annual rate of +4.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 14%. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Metal Self-Locking Nut in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 24.9 | 21.6 | 26.3 | 31.6 | 8.3% |
| China | 10.7 | 11.3 | 17.2 | 21.1 | 25.4% |
| United States | 17.2 | 12.6 | 11.4 | 16.9 | -0.6% |
| Japan | 19.6 | 17.4 | 19.3 | 16.7 | -5.2% |
| Taiwan (Chinese) | 11.3 | 9.4 | 11.6 | 12.0 | 2.0% |
| France | 9.4 | 8.9 | 7.7 | 9.1 | -1.1% |
| Italy | 5.8 | 5.4 | 5.5 | 7.1 | 7.0% |
| South Korea | 5.5 | 4.4 | 5.1 | 5.5 | 0.0% |
| Spain | 3.4 | 3.4 | 2.9 | 3.1 | -3.0% |
| Malaysia | 0.5 | 1.1 | 2.7 | 2.8 | 77.6% |
| India | 1.9 | 1.1 | 1.1 | 1.3 | -11.9% |
| Others | 8.2 | 7.9 | 8.8 | 9.1 | 3.5% |
| Total | 118 | 105 | 120 | 136 | 4.8% |
Top Suppliers of Metal Self-Locking Nut to Turkey in 2022:
- China (4.6K tons)
- Germany (3.0K tons)
- Japan (2.7K tons)
- Taiwan (Chinese) (1.8K tons)
- South Korea (1.1K tons)
- Italy (0.8K tons)
- Malaysia (0.8K tons)
- France (0.6K tons)
- United States (0.6K tons)
- India (0.3K tons)
- Spain (0.3K tons)
Metal Self-Locking Nut Exports in Turkey
In 2022, the amount of iron or steel nuts (including self-locking nuts) exported from Turkey skyrocketed to 29K tons, increasing by 20% against 2021 figures. Overall, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +13.7% 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 +72.6% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 44%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.
In value terms, metal self-locking nut exports surged to $111M in 2022. Over the period under review, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +17.9% 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 +83.4% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 48% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.
| Export of Metal Self-Locking Nut in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 28.5 | 22.7 | 31.6 | 39.2 | 11.2% |
| United States | 3.4 | 4.3 | 8.8 | 10.5 | 45.6% |
| France | 4.2 | 4.0 | 6.0 | 6.9 | 18.0% |
| Belgium | 2.2 | 2.6 | 4.4 | 5.4 | 34.9% |
| China | 0.3 | 1.3 | 3.9 | 4.4 | 144.8% |
| Romania | 2.7 | 2.7 | 2.8 | 3.2 | 5.8% |
| Italy | 2.0 | 1.7 | 2.5 | 3.0 | 14.5% |
| Poland | 0.6 | 1.2 | 2.2 | 2.7 | 65.1% |
| Austria | 1.7 | 1.2 | 2.0 | 2.6 | 15.2% |
| United Kingdom | 1.9 | 1.5 | 2.1 | 2.3 | 6.6% |
| Morocco | 0.6 | 0.8 | 1.6 | 2.0 | 49.4% |
| Spain | 2.1 | 1.3 | 1.4 | 2.0 | -1.6% |
| Hungary | 0.4 | 0.3 | 0.6 | 1.8 | 65.1% |
| Others | 17.0 | 14.6 | 19.5 | 24.5 | 13.0% |
| Total | 67.5 | 60.3 | 89.3 | 111 | 18.0% |
Top Export Markets for Metal Self-Locking Nut from Turkey in 2022:
- Germany (10.6K tons)
- United States (3.0K tons)
- France (2.0K tons)
- Belgium (1.8K tons)
- Romania (1.1K tons)
- Italy (1.0K tons)
- China (1.0K tons)
- Poland (0.8K tons)
- Austria (0.8K tons)
- United Kingdom (0.6K tons)
- Hungary (0.6K tons)
- Spain (0.6K tons)
- Morocco (0.5K tons)
This report provides an in-depth analysis of the metal self-locking nut 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 25941187 - Iron or steel nuts (including self-locking nuts) (excluding of stainless steel, turned from bars, rods, profiles, or wire, of solid section, of a hole diameter . 6 mm)
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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