Turkey - Wire Rod Of Free-Cutting Steel - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Free-Cutting Steel Wire Rod in Turkey - 2023
Contents:
- Price for Free-Cutting Steel Wire Rod in Turkey (CIF) - 2023
- Price for Free-Cutting Steel Wire Rod in Turkey (FOB) - 2022
- Imports of Free-Cutting Steel Wire Rod in Turkey
- Exports of Free-Cutting Steel Wire Rod in Turkey
Price for Free-Cutting Steel Wire Rod in Turkey (CIF) - 2023
The average free-cutting steel wire rod import price stood at $1,020 per ton in July 2023, growing by 1.6% against the previous month. Overall, the import price, however, continues to indicate a mild reduction. The most prominent rate of growth was recorded in November 2022 an increase of 14% against the previous month. As a result, import price attained the peak level of $1,211 per ton. From December 2022 to July 2023, the average import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In July 2023, the countries with the highest prices were Germany ($1,138 per ton) and Spain ($1,021 per ton), while the price for Italy ($879 per ton) and Switzerland ($1,011 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Germany (-0.1%), while the prices for the other major suppliers experienced a decline.
Price for Free-Cutting Steel Wire Rod in Turkey (FOB) - 2022
The average free-cutting steel wire rod export price stood at $1,312 per ton in 2022, growing by 17% against the previous year. Over the period under review, the export price continues to indicate strong growth. The pace of growth appeared the most rapid in 2021 an increase of 47%. The export price peaked in 2022 and is expected to retain growth in years to come.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($1,554 per ton), while the average price for exports to Iran totaled $1,314 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Free-Cutting Steel Wire Rod in Turkey
After three years of growth, purchases abroad of wire rod of free-cutting steel decreased by -18.2% to 83K tons in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +14.2% 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 +49.0% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 40% against the previous year.
In value terms, free-cutting steel wire rod imports expanded rapidly to $96M in 2022. Over the period under review, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 82%. Imports peaked in 2022 and are likely to see steady growth in the near future.
Import of Free-Cutting Steel Wire Rod in Turkey (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 9.4 | 8.6 | 24.8 | 26.2 | 40.7% |
Spain | 9.1 | 20.9 | 28.6 | 21.5 | 33.2% |
France | 2.8 | 2.5 | 15.7 | 16.1 | 79.2% |
United Kingdom | 10.1 | 9.0 | 7.8 | 11.5 | 4.4% |
Italy | 2.9 | 1.5 | 5.2 | 10.8 | 55.0% |
Switzerland | 3.7 | 1.6 | 4.2 | 7.4 | 26.0% |
Netherlands | 2.8 | 3.6 | 1.0 | 2.7 | -1.2% |
Others | 0.2 | 0.2 | N/A | N/A | 0.0% |
Total | 40.9 | 48.0 | 87.4 | 96.2 | 33.0% |
Top Suppliers of Free-Cutting Steel Wire Rod to Turkey in 2022:
- Germany (21.3K tons)
- Spain (18.8K tons)
- France (14.3K tons)
- Italy (10.7K tons)
- United Kingdom (9.5K tons)
- Switzerland (5.8K tons)
- Netherlands (2.2K tons)
Exports of Free-Cutting Steel Wire Rod in Turkey
In 2022, the amount of wire rod of free-cutting steel exported from Turkey surged to 3.3K tons, picking up by 85% compared with 2021 figures. In general, exports recorded a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 256%. The exports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, free-cutting steel wire rod exports surged to $4.4M in 2022. Over the period under review, exports enjoyed significant growth. The growth pace was the most rapid in 2020 when exports increased by 149%. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the near future.
Export of Free-Cutting Steel Wire Rod in Turkey (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Iran | 0.3 | 1.7 | 1.8 | 4.2 | 141.0% |
Sweden | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
Others | 0.4 | 0.4 | 0.1 | 0.1 | -37.0% |
Total | 0.8 | 2.1 | 2.0 | 4.4 | 76.5% |
Top Export Markets for Free-Cutting Steel Wire Rod from Turkey in 2022:
- Iran (3.2K tons)
- Sweden (0.1K tons)
This report provides an in-depth analysis of the market for free-cutting steel wire rod 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 24106120 - Wire rod of free-cutting steel
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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