Turkey - Prepared Binders For Foundry Moulds Or Cores - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrepared Binders Price in Turkey - 2023
Contents:
- Prepared Binders Price in Turkey (CIF) - 2023
- Prepared Binders Price in Turkey (FOB) - 2022
- Prepared Binders Imports in Turkey
- Prepared Binders Exports in Turkey
Prepared Binders Price in Turkey (CIF) - 2023
The average prepared binders import price stood at $2,218 per ton in July 2023, declining by -4.6% against the previous month. Over the period under review, the import price saw a perceptible reduction. The growth pace was the most rapid in June 2023 when the average import price increased by 30% m-o-m. The import price peaked at $3,044 per ton in July 2022; however, from August 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 ($8,641 per ton), while the price for Taiwan (Chinese) ($780 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 (+0.8%), while the prices for the other major suppliers experienced a decline.
Prepared Binders Price in Turkey (FOB) - 2022
In 2022, the average prepared binders export price amounted to $1,796 per ton, surging by 3.4% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 48%. Over the period under review, the average export prices reached the maximum at $2,114 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($2,774 per ton), while the average price for exports to Libya ($610 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Azerbaijan (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.
Prepared Binders Imports in Turkey
In 2022, approx. 2.7K tons of prepared binders for foundry moulds or cores were imported into Turkey; waning by -60.6% compared with the previous year. In general, imports saw a pronounced decline. The pace of growth was the most pronounced in 2021 with an increase of 193% against the previous year. As a result, imports attained the peak of 6.8K tons, and then reduced sharply in the following year.
In value terms, prepared binders imports reduced markedly to $7.2M in 2022. Overall, imports, however, showed a buoyant increase. The growth pace was the most rapid in 2021 when imports increased by 263%. As a result, imports attained the peak of $17M, and then contracted markedly in the following year.
| Import of Prepared Binders in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 2.6 | 2.6 | 10.5 | 4.3 | 18.3% |
| China | 0.5 | 0.8 | 2.7 | 1.1 | 30.1% |
| Austria | 0.5 | 0.4 | 1.2 | 0.5 | 0.0% |
| India | 0.4 | 0.4 | 1.1 | 0.4 | 0.0% |
| Belgium | 0.3 | 0.1 | 0.9 | 0.4 | 10.1% |
| Taiwan (Chinese) | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| United Kingdom | N/A | 0.1 | 0.3 | 0.1 | 0.0% |
| Others | 0.5 | 0.3 | 0.4 | 0.2 | -26.3% |
| Total | 5.0 | 4.7 | 17.1 | 7.2 | 12.9% |
Top Suppliers of Prepared Binders to Turkey in 2022:
- Germany (1205.4 tons)
- China (576.0 tons)
- India (461.7 tons)
- Austria (160.6 tons)
- Belgium (95.3 tons)
- United Kingdom (47.2 tons)
- Taiwan (Chinese) (35.7 tons)
Prepared Binders Exports in Turkey
For the fourth consecutive year, Turkey recorded growth in shipments abroad of prepared binders for foundry moulds or cores, which increased by 7.8% to 1.2K tons in 2022. Over the period under review, exports saw a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 161% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.
In value terms, prepared binders exports expanded rapidly to $2.1M in 2022. Overall, exports posted a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 143% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Export of Prepared Binders in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 303 | 290 | 530 | 778 | 36.9% |
| Iran | 109 | 219 | 341 | 441 | 59.3% |
| Bangladesh | 21.8 | 14.4 | 321 | 387 | 160.9% |
| Iraq | 1.2 | 4.1 | 161 | 194 | 444.8% |
| Azerbaijan | 4.4 | 103 | 119 | 144 | 219.9% |
| Georgia | 1.1 | 35.9 | 12.0 | 37.9 | 225.4% |
| Libya | 0.9 | 1.4 | 19.6 | 23.7 | 197.5% |
| Yemen | 73.8 | N/A | 160 | N/A | 47.2% |
| Egypt | 38.9 | N/A | 10.1 | N/A | -49.0% |
| Others | 118 | 108 | 212 | 96.8 | -6.4% |
| Total | 673 | 776 | 1,886 | 2,102 | 46.2% |
Top Export Markets for Prepared Binders from Turkey in 2022:
- United Arab Emirates (280.3 tons)
- Bangladesh (255.5 tons)
- Iraq (195.4 tons)
- Iran (192.1 tons)
- Azerbaijan (97.9 tons)
- Georgia (43.6 tons)
- Libya (38.8 tons)
This report provides an in-depth analysis of the prepared binders 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 20595720 - Prepared binders for foundry moulds or cores
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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