Turkey - Stranded Wire, Ropes And Cables - Market Analysis, Forecast, Size, Trends and Insights
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View PricingStranded Wire Price in Turkey - 2023
Contents:
- Stranded Wire Price in Turkey (FOB) - 2023
- Stranded Wire Price in Turkey (CIF) - 2022
- Stranded Wire Exports in Turkey
- Stranded Wire Imports in Turkey
Stranded Wire Price in Turkey (FOB) - 2023
The average stranded wire export price stood at $4,692 per ton in July 2023, waning by -12.6% against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +1.1%. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 16% month-to-month. Over the period under review, the average export prices attained the maximum at $5,368 per ton in June 2023, and then reduced in the following month.
There were significant differences in the average prices for the major overseas markets. In July 2023, the country with the highest price was Italy ($7,743 per ton), while the average price for exports to Azerbaijan ($963 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 the UK (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.
Stranded Wire Price in Turkey (CIF) - 2022
In 2022, the average stranded wire import price amounted to $3,443 per ton, therefore, remained relatively stable against the previous year. Overall, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, stranded wire import price increased by +70.6% against 2017 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 29%. As a result, import price reached the peak level of $3,486 per ton, and then dropped slightly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Uzbekistan ($11,151 per ton), while the price for Portugal ($1,405 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Stranded Wire Exports in Turkey
In 2022, stranded wire exports from Turkey shrank rapidly to 183K tons, falling by -51.4% against 2021. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 112% against the previous year. As a result, the exports attained the peak of 377K tons, and then declined notably in the following year.
In value terms, stranded wire exports contracted remarkably to $550M in 2022. Overall, exports recorded a perceptible downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 173% against the previous year. As a result, the exports attained the peak of $1.5B, and then declined sharply in the following year.
| Export of Stranded Wire in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 102 | 94.7 | 273 | 57.9 | -17.2% |
| United Kingdom | 45.4 | 42.3 | 147 | 47.1 | 1.2% |
| United States | 48.6 | 36.8 | 93.4 | 43.4 | -3.7% |
| Iraq | 15.9 | 19.1 | 42.6 | 31.7 | 25.9% |
| Germany | 54.5 | 47.1 | 127 | 28.3 | -19.6% |
| Egypt | 15.7 | 13.2 | 37.9 | 26.8 | 19.5% |
| Brazil | 3.3 | 10.1 | 34.7 | 24.7 | 95.6% |
| Poland | 36.1 | 33.0 | 97.6 | 20.6 | -17.1% |
| Israel | 14.3 | 21.4 | 52.6 | 15.5 | 2.7% |
| Spain | 17.3 | 18.6 | 44.5 | 15.1 | -4.4% |
| Belgium | 18.6 | 7.4 | 12.4 | 12.3 | -12.9% |
| Canada | 2.4 | 4.0 | 16.4 | 11.7 | 69.6% |
| Netherlands | 7.7 | 6.8 | 17.8 | 10.5 | 10.9% |
| Others | 215 | 213 | 554 | 204 | -1.7% |
| Total | 597 | 568 | 1,549 | 550 | -2.7% |
Top Export Markets for Stranded Wire from Turkey in 2022:
- Brazil (20.4K tons)
- United States (20.0K tons)
- United Kingdom (13.3K tons)
- Iraq (11.0K tons)
- Italy (9.9K tons)
- Egypt (9.9K tons)
- Israel (6.1K tons)
- Belgium (5.5K tons)
- Germany (5.0K tons)
- Canada (4.9K tons)
- Netherlands (4.8K tons)
- Spain (4.5K tons)
- Poland (4.2K tons)
Stranded Wire Imports in Turkey
In 2022, the amount of stranded wire, ropes and cables imported into Turkey contracted to 29K tons, waning by -5.7% compared with 2021. In general, imports saw a abrupt curtailment.
In value terms, stranded wire imports shrank to $99M in 2022. The total import value increased at an average annual rate of +4.2% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 17% against the previous year. As a result, imports reached the peak of $106M, and then fell in the following year.
| Import of Stranded Wire in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 13.4 | 13.1 | 19.0 | 15.9 | 5.9% |
| Italy | 11.1 | 11.0 | 16.1 | 13.4 | 6.5% |
| South Korea | 10.9 | 19.6 | 14.1 | 12.0 | 3.3% |
| Uzbekistan | 0.1 | 0.2 | 9.6 | 8.7 | 343.1% |
| Germany | 7.9 | 7.2 | 10.2 | 8.5 | 2.5% |
| Bulgaria | 2.3 | 10.0 | 6.9 | 7.9 | 50.9% |
| Spain | 17.1 | 7.9 | 3.7 | 7.9 | -22.7% |
| Thailand | 2.5 | 2.4 | 3.9 | 3.2 | 8.6% |
| Malaysia | 3.2 | 3.8 | 2.4 | 2.5 | -7.9% |
| Vietnam | 2.1 | 3.3 | 1.9 | 2.0 | -1.6% |
| United States | 2.4 | 1.9 | 1.5 | 1.9 | -7.5% |
| Belarus | 2.3 | 1.5 | 2.1 | 1.7 | -9.6% |
| Portugal | 0.8 | 0.7 | 1.0 | 0.8 | 0.0% |
| Others | 11.5 | 8.0 | 13.8 | 12.5 | 2.8% |
| Total | 87.6 | 90.6 | 106 | 98.9 | 4.1% |
Top Suppliers of Stranded Wire to Turkey in 2022:
- China (5.5K tons)
- South Korea (4.5K tons)
- Italy (3.8K tons)
- Spain (3.6K tons)
- Malaysia (1.7K tons)
- Germany (1.4K tons)
- Vietnam (1.1K tons)
- Thailand (1.1K tons)
- Belarus (0.9K tons)
- Bulgaria (0.9K tons)
- Uzbekistan (0.8K tons)
- Portugal (0.6K tons)
- United States (0.5K tons)
This report provides an in-depth analysis of the stranded wire 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 25931130 - Iron or steel stranded wire, ropes and cables (including stranded wires and wire ropes with or without attached fittings not electrically insulated) (excluding electrically insulated)
- Prodcom 25931150 - Iron or steel plaited bands, slings and the like (excluding electrically insulated)
- Prodcom 25931250 - Copper stranded wire, cables, plaited bands and the like excluding electrically insulated, barbed wire and loosely twisted non-barbed double fencing wire, insulated electric wire and cables
- Prodcom 25931270 - Aluminium stranded wire, cables, plaited bands and the like excluding electrically insulated, barbed wire and loosely twisted non-barbed double fencing wire, insulated electric wire and cables
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
854
This report provides an in-depth analysis of the stranded wire market in Turkey.
299
This report provides an in-depth analysis of the steel stranded wire market in Turkey.
352
This report provides an in-depth analysis of the steel plaited band market in Turkey.
960
This report provides an in-depth analysis of the global stranded wire market.
548
This report provides an in-depth analysis of the global steel stranded wire market.
401
This report provides an in-depth analysis of the global steel plaited band market.
854
This report provides an in-depth analysis of the stranded wire market in Turkey.
299
This report provides an in-depth analysis of the steel stranded wire market in Turkey.
352
This report provides an in-depth analysis of the steel plaited band market in Turkey.
960
This report provides an in-depth analysis of the global stranded wire market.
129
In February 2023, Stranded Wire exports saw a rapid growth with a 14% month-on-month increase. However, by December 2023, the value of exports dropped to $52M.
254
The price of Stranded Wire in March 2023 was $5,276 per ton (FOB, Turkey), reflecting a 5.3% increase compared to the previous month.
223
Explore the top import markets for stranded wire, including the United States, Germany, Canada, and more. Find out key statistics and market insights using the IndexBox market intelligence platform.
890
Global stranded wire imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. Overall, stranded wire imports continue to indicate a relativel...
947
Global stranded wire imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. Overall, stranded wire imports continue to indicate a relativel...
131
Explore the top import markets for steel stranded wire in the world, including key statistics and trends.
129
In February 2023, Stranded Wire exports saw a rapid growth with a 14% month-on-month increase. However, by December 2023, the value of exports dropped to $52M.
254
The price of Stranded Wire in March 2023 was $5,276 per ton (FOB, Turkey), reflecting a 5.3% increase compared to the previous month.
223
Explore the top import markets for stranded wire, including the United States, Germany, Canada, and more. Find out key statistics and market insights using the IndexBox market intelligence platform.
890
Global stranded wire imports totaled X tons in 2016, import ,therefore, remained relatively stable against the previous year level. Overall, stranded wire imports continue to indicate a relativel...
