Turkey - Iron Or Steel Washers - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMetal Washer Price in Turkey - 2023
Contents:
- Metal Washer Price in Turkey (CIF) - 2023
- Metal Washer Price in Turkey (FOB) - 2023
- Metal Washer Imports in Turkey
- Metal Washer Exports in Turkey
Metal Washer Price in Turkey (CIF) - 2023
In July 2023, the average metal washer import price amounted to $9,265 per ton, with a decrease of -26.4% against the previous month. Overall, import price indicated a mild expansion from July 2022 to July 2023: its price increased at an average monthly rate of +1.1% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, metal washer import price increased by +6.8% against May 2023 indices. The most prominent rate of growth was recorded in June 2023 when the average import price increased by 45% against the previous month. The import price peaked at $13,606 per ton in January 2023; however, from February 2023 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 Germany ($15,107 per ton), while the price for Vietnam ($3,564 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 Taiwan (Chinese) (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Metal Washer Price in Turkey (FOB) - 2023
The average metal washer export price stood at $13,420 per ton in July 2023, remaining relatively unchanged against the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in January 2023 when the average export price increased by 19% m-o-m. The export price peaked at $13,615 per ton in March 2023; however, from April 2023 to July 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Hungary ($31,220 per ton), while the average price for exports to Greece ($2,370 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 Russia (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.
Metal Washer Imports in Turkey
In 2022, approx. 4.9K tons of iron or steel washers were imported into Turkey; picking up by 14% on 2021. The total import volume increased at an average annual rate of +6.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, metal washer imports skyrocketed to $44M in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +12.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +47.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 23% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the near future.
| Import of Metal Washer in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 8.0 | 7.8 | 9.8 | 9.8 | 7.0% |
| China | 3.8 | 3.6 | 4.2 | 6.6 | 20.2% |
| Bosnia and Herzegovina | 3.6 | 3.8 | 5.1 | 4.4 | 6.9% |
| Taiwan (Chinese) | 1.8 | 2.5 | 2.0 | 4.3 | 33.7% |
| Italy | 2.1 | 1.5 | 1.9 | 2.8 | 10.1% |
| Spain | 0.7 | 0.8 | 2.1 | 2.3 | 48.7% |
| Vietnam | 0.1 | 0.5 | 0.9 | 1.2 | 128.9% |
| Others | 11.5 | 9.5 | 11.2 | 12.9 | 3.9% |
| Total | 31.5 | 30.0 | 37.0 | 44.3 | 12.0% |
Top Suppliers of Metal Washer to Turkey in 2022:
- Taiwan (Chinese) (1107.5 tons)
- China (915.7 tons)
- Bosnia and Herzegovina (875.1 tons)
- Germany (567.7 tons)
- Spain (376.3 tons)
- Vietnam (266.1 tons)
- Italy (255.2 tons)
Metal Washer Exports in Turkey
Metal washer exports from Turkey soared to 4.5K tons in 2022, picking up by 22% compared with 2021 figures. In general, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +17.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +69.1% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 39%. 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 washer exports soared to $47M in 2022. Over the period under review, exports showed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 41% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Metal Washer in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 15.4 | 16.2 | 23.6 | 26.0 | 19.1% |
| Hungary | 0.1 | 0.1 | 0.3 | 4.2 | 247.6% |
| Italy | 1.0 | 1.3 | 1.7 | 1.9 | 23.9% |
| United Kingdom | 0.6 | 0.6 | 1.1 | 1.7 | 41.5% |
| China | 1.8 | 1.3 | 1.0 | 0.9 | -20.6% |
| Russia | 0.2 | 0.2 | 0.4 | 0.8 | 58.7% |
| Iran | 0.5 | 0.2 | 0.4 | 0.7 | 11.9% |
| Poland | 0.2 | 0.2 | 0.2 | 0.7 | 51.8% |
| Bulgaria | 0.1 | 0.1 | 0.2 | 0.5 | 71.0% |
| Greece | 0.1 | 0.1 | 0.1 | 0.3 | 44.2% |
| Tunisia | N/A | N/A | 0.1 | 0.2 | 100.0% |
| Kuwait | 0.5 | 0.4 | 0.2 | 0.1 | -41.5% |
| Others | 6.1 | 5.3 | 7.7 | 9.6 | 16.3% |
| Total | 26.5 | 26.1 | 36.9 | 47.4 | 21.4% |
Top Export Markets for Metal Washer from Turkey in 2022:
- Germany (2141.1 tons)
- Hungary (345.0 tons)
- Poland (176.3 tons)
- Bulgaria (138.6 tons)
- Iran (116.1 tons)
- United Kingdom (115.3 tons)
- Italy (107.1 tons)
- Greece (104.4 tons)
- Russia (86.9 tons)
- Tunisia (80.8 tons)
- China (48.9 tons)
- Kuwait (13.7 tons)
This report provides an in-depth analysis of the metal washer 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 25941230 - Iron or steel washers (excluding spring washers and other lock washers)
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
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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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