Turkey - Plastic Stoppers, Caps and Closures - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPlastic Closure Price in Turkey - 2023
Contents:
- Plastic Closure Price in Turkey (FOB) - 2022
- Plastic Closure Price in Turkey (CIF) - 2023
- Plastic Closure Exports in Turkey
- Plastic Closure Imports in Turkey
Plastic Closure Price in Turkey (FOB) - 2022
In 2022, the average plastic closure export price amounted to $3,819 per ton, picking up by 6.2% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The pace of growth was the most pronounced in 2021 an increase of 9.2% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in years to come.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were the United Arab Emirates ($4,428 per ton) and Algeria ($4,322 per ton), while the average price for exports to Greece ($3,076 per ton) and Bulgaria ($3,249 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Libya (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.
Plastic Closure Price in Turkey (CIF) - 2023
The average plastic closure import price stood at $7,430 per ton in July 2023, remaining constant against the previous month. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2022 when the average import price increased by 26% month-to-month. As a result, import price attained the peak level of $8,926 per ton. From December 2022 to July 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Australia ($13,319 per ton), while the price for the Czech Republic ($3,936 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 Spain (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Plastic Closure Exports in Turkey
After three years of growth, overseas shipments of plastic stoppers, caps and closures decreased by -0.5% to 53K tons in 2022. The total export volume increased at an average annual rate of +3.4% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 11%. As a result, the exports reached the peak of 54K tons, leveling off in the following year.
In value terms, plastic closure exports rose notably to $204M in 2022. The total export value increased at an average annual rate of +8.3% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 21%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in years to come.
| Export of Plastic Closure in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iraq | 15.7 | 16.5 | 22.2 | 21.6 | 11.2% |
| Germany | 10.5 | 11.4 | 12.5 | 12.7 | 6.5% |
| Greece | 7.5 | 6.7 | 8.8 | 8.9 | 5.9% |
| United Kingdom | 6.3 | 7.7 | 8.7 | 7.9 | 7.8% |
| Libya | 3.7 | 4.4 | 6.7 | 7.8 | 28.2% |
| Israel | 5.0 | 5.1 | 7.4 | 7.5 | 14.5% |
| Morocco | 4.5 | 5.7 | 6.2 | 6.1 | 10.7% |
| Algeria | 5.1 | 3.1 | 4.4 | 5.5 | 2.5% |
| United Arab Emirates | 6.6 | 7.6 | 8.6 | 5.3 | -7.1% |
| Poland | 3.2 | 3.7 | 3.9 | 5.2 | 17.6% |
| Lebanon | 3.5 | 3.3 | 5.2 | 4.8 | 11.1% |
| Bulgaria | 4.2 | 3.7 | 4.4 | 4.8 | 4.6% |
| Romania | 2.3 | 3.5 | 4.7 | 4.3 | 23.2% |
| Others | 82.5 | 76.9 | 89.1 | 101 | 7.0% |
| Total | 160 | 159 | 193 | 204 | 8.4% |
Top Export Markets for Plastic Closure from Turkey in 2022:
- Iraq (6.1K tons)
- Germany (3.7K tons)
- Greece (2.9K tons)
- Libya (2.2K tons)
- Israel (2.1K tons)
- United Kingdom (1.9K tons)
- Morocco (1.7K tons)
- Lebanon (1.5K tons)
- Bulgaria (1.5K tons)
- Romania (1.3K tons)
- Algeria (1.3K tons)
- Poland (1.3K tons)
- United Arab Emirates (1.2K tons)
Plastic Closure Imports in Turkey
In 2022, imports of plastic stoppers, caps and closures into Turkey was estimated at 16K tons, with an increase of 3.5% compared with 2021. The total import volume increased at an average annual rate of +5.4% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2021 with an increase of 16%. Imports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, plastic closure imports amounted to $125M in 2022. The total import value increased at an average annual rate of +6.7% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 11%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.
| Import of Plastic Closure in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 23.8 | 24.2 | 26.0 | 31.2 | 9.4% |
| Italy | 18.9 | 15.9 | 19.6 | 17.7 | -2.2% |
| China | 8.2 | 9.9 | 13.0 | 15.3 | 23.1% |
| France | 11.4 | 10.1 | 10.1 | 12.4 | 2.8% |
| United Kingdom | 4.9 | 4.3 | 6.4 | 5.6 | 4.6% |
| Poland | 2.5 | 3.2 | 3.7 | 4.4 | 20.7% |
| Spain | 8.3 | 7.1 | 4.2 | 4.4 | -19.1% |
| Switzerland | 1.3 | 1.4 | 2.2 | 2.5 | 24.4% |
| Czech Republic | 0.6 | 1.9 | 2.5 | 2.0 | 49.4% |
| Hungary | 1.1 | 1.6 | 1.9 | 2.0 | 22.1% |
| Romania | 1.2 | 1.0 | 1.4 | 1.9 | 16.6% |
| Slovenia | 1.4 | 1.2 | 1.1 | 1.6 | 4.6% |
| Egypt | 0.6 | 0.6 | 0.8 | 1.3 | 29.4% |
| Others | 18.9 | 20.8 | 21.9 | 23.3 | 7.2% |
| Total | 103 | 103 | 115 | 125 | 6.7% |
Top Suppliers of Plastic Closure to Turkey in 2022:
- Germany (3.9K tons)
- Italy (1.9K tons)
- France (1.6K tons)
- China (1.5K tons)
- United Kingdom (0.9K tons)
- Spain (0.8K tons)
- Poland (0.7K tons)
- Romania (0.4K tons)
- Czech Republic (0.4K tons)
- Switzerland (0.4K tons)
- Hungary (0.4K tons)
- Egypt (0.3K tons)
- Slovenia (0.3K tons)
This report provides an in-depth analysis of the plastic closure 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 22221920 - Plastic caps and capsules for bottles
- Prodcom 22221930 - Plastic stoppers, lids, caps and other closures (excluding for bottles)
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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In value terms, stoppers, caps, lids imports totaled $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated some noticeable f...
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