Price for Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Turkey - 2024

Contents:

1. Price for Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Turkey (CIF) - 2022
2. Price for Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Turkey (FOB) - 2022
3. Imports of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Turkey
4. Exports of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Turkey

Price for Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Turkey (CIF) - 2022

The average import price for clasps and frames with clasps stood at $36,299 per ton in 2022, approximately mirroring the previous year. In general, the import price, however, showed a deep contraction. The growth pace was the most rapid in 2015 when the average import price increased by 38% against the previous year. Over the period under review, average import prices hit record highs at $77,351 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($75,518 per ton), while the price for China ($17,398 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Turkey (FOB) - 2022

The average export price for clasps and frames with clasps stood at $7,194 per ton in 2022, dropping by -7.4% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 52%. Over the period under review, the average export prices hit record highs at $12,936 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($11,430 per ton), while the average price for exports to Georgia ($4,629 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 the United Arab Emirates (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Turkey

In 2022, the amount of clasps and frames with clasps imported into Turkey skyrocketed to 25 tons, rising by 34% compared with the year before. Overall, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +5.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.9% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of clasps and frames with clasps soared to $913K in 2022. Over the period under review, imports, however, continue to indicate a abrupt curtailment.

Top Suppliers of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal to Turkey in 2022:

1. China (14.1 tons)
2. Germany (6.5 tons)
3. Indonesia (1.0 tons)
4. Serbia (0.6 tons)
5. Netherlands (0.5 tons)
6. Taiwan (Chinese) (0.5 tons)
7. Bosnia and Herzegovina (0.5 tons)
8. Italy (0.1 tons)

Exports of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Turkey

For the fourth year in a row, Turkey recorded growth in shipments abroad of clasps and frames with clasps, which increased by 4% to 50 tons in 2022. In general, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +17.1% 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 +60.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 51%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, exports of clasps and frames with clasps fell to $356K in 2022. Over the period under review, exports posted a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 56% against the previous year. As a result, the exports reached the peak of $370K, and then contracted slightly in the following year.

Top Export Markets for Clasps and Frames with Clasps; Incorporating Locks, of Base Metal from Turkey in 2022:

1. Israel (8.3 tons)
2. Serbia (4.5 tons)
3. Tunisia (4.1 tons)
4. Algeria (3.5 tons)
5. Spain (3.4 tons)
6. Iraq (3.3 tons)
7. United Arab Emirates (1.8 tons)
8. Poland (1.7 tons)
9. Lebanon (1.6 tons)
10. Italy (1.4 tons)
11. Burkina Faso (1.4 tons)
12. Georgia (1.3 tons)
13. Oman (1.2 tons)

Source: IndexBox Market Intelligence Platform