Turkey - Unwrought Aluminium Alloys - Market Analysis, Forecast, Size, Trends And Insights
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View PricingUnwrought Aluminium Alloys Price in Turkey - 2023
Contents:
- Unwrought Aluminium Alloys Price in Turkey (CIF) - 2023
- Unwrought Aluminium Alloys Price in Turkey (FOB) - 2023
- Unwrought Aluminium Alloys Imports in Turkey
- Unwrought Aluminium Alloys Exports in Turkey
Unwrought Aluminium Alloys Price in Turkey (CIF) - 2023
The average unwrought aluminium alloys import price stood at $2,462 per ton in July 2023, shrinking by -4.4% against the previous month. In general, the import price saw a mild curtailment. The growth pace was the most rapid in February 2023 when the average import price increased by 4% against the previous month. Over the period under review, average import prices hit record highs at $3,078 per ton in July 2022; however, from August 2022 to July 2023, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In July 2023, the highest price was recorded for prices from the United Arab Emirates ($2,813 per ton) and Qatar ($2,684 per ton), while the price for Malaysia ($2,236 per ton) and Russia ($2,335 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 Sweden (+1.4%), while the prices for the other major suppliers experienced a decline.
Unwrought Aluminium Alloys Price in Turkey (FOB) - 2023
The average unwrought aluminium alloys export price stood at $2,666 per ton in July 2023, flattening at the previous month. Overall, the export price, however, showed a mild decline. The pace of growth appeared the most rapid in October 2022 an increase of 6% against the previous month. Over the period under review, the average export prices reached the maximum at $3,362 per ton in July 2022; however, from August 2022 to July 2023, the export prices remained at a lower figure.
Average prices varied noticeably for the major overseas markets. In July 2023, the highest price was recorded for prices to Canada ($3,040 per ton) and Albania ($2,743 per ton), while the average price for exports to Italy ($2,461 per ton) and Bulgaria ($2,565 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Albania (-1.1%), while the prices for the other major destinations experienced a decline.
Unwrought Aluminium Alloys Imports in Turkey
In 2022, after three years of growth, there was significant decline in purchases abroad of unwrought aluminium alloys, when their volume decreased by -25.7% to 544K tons. Overall, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +9.9% 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 +32.9% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 73% against the previous year. As a result, imports attained the peak of 732K tons, and then contracted significantly in the following year.
In value terms, unwrought aluminium alloys imports dropped to $1.7B in 2022. In general, imports, however, posted a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 130% against the previous year. As a result, imports reached the peak of $1.8B, and then contracted in the following year.
| Import of Unwrought Aluminium Alloys in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Qatar | 214 | 205 | 438 | 411 | 24.3% |
| United Arab Emirates | 155 | 100 | 323 | 303 | 25.0% |
| Russia | 141 | 217 | 277 | 260 | 22.6% |
| Bahrain | 122 | 128 | 244 | 229 | 23.4% |
| Malaysia | 63.6 | 47.2 | 161 | 151 | 33.4% |
| Vietnam | 3.6 | 15.4 | 79.9 | 75.0 | 175.2% |
| Iran | N/A | 2.4 | 52.2 | 49.1 | 352.3% |
| Others | 104 | 76.0 | 241 | 201 | 24.6% |
| Total | 804 | 791 | 1,816 | 1,680 | 27.8% |
Top Suppliers of Unwrought Aluminium Alloys to Turkey in 2022:
- Qatar (126.0K tons)
- United Arab Emirates (111.5K tons)
- Russia (90.2K tons)
- Bahrain (68.2K tons)
- Malaysia (45.6K tons)
- Vietnam (21.5K tons)
- Iran (12.8K tons)
Unwrought Aluminium Alloys Exports in Turkey
In 2022, the amount of unwrought aluminium alloys exported from Turkey dropped significantly to 149K tons, declining by -37.9% against the previous year's figure. In general, exports, however, showed significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 445% against the previous year. As a result, the exports reached the peak of 241K tons, and then shrank dramatically in the following year.
In value terms, unwrought aluminium alloys exports plummeted to $552M in 2022. Overall, exports, however, recorded a significant increase. The growth pace was the most rapid in 2021 with an increase of 806% against the previous year. As a result, the exports attained the peak of $732M, and then shrank sharply in the following year.
| Export of Unwrought Aluminium Alloys in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 28.8 | 1.0 | 235 | 184 | 85.6% |
| Bulgaria | 28.6 | 12.0 | 103 | 80.8 | 41.4% |
| Greece | 6.4 | 3.9 | 98.8 | 77.5 | 129.6% |
| Italy | 34.3 | 10.6 | 54.9 | 43.1 | 7.9% |
| Canada | 17.9 | 21.8 | 44.7 | 35.1 | 25.2% |
| Netherlands | 0.3 | 0.1 | 34.6 | 27.1 | 348.7% |
| China | 1.0 | 10.6 | 21.0 | 16.5 | 154.6% |
| Romania | 4.2 | 0.3 | 17.9 | 14.0 | 49.4% |
| Germany | 1.4 | 0.3 | 17.2 | 13.5 | 112.8% |
| United Kingdom | 1.3 | 0.8 | 16.3 | 12.8 | 114.3% |
| Serbia | 3.3 | 2.2 | 12.9 | 10.1 | 45.2% |
| Israel | 0.7 | 3.4 | 10.7 | 8.4 | 128.9% |
| Others | 22.7 | 13.8 | 64.5 | 29.6 | 9.3% |
| Total | 151 | 80.7 | 732 | 552 | 54.0% |
Top Export Markets for Unwrought Aluminium Alloys from Turkey in 2022:
- Spain (47.4K tons)
- Bulgaria (21.6K tons)
- Greece (19.4K tons)
- Italy (11.5K tons)
- Canada (10.2K tons)
- China (7.6K tons)
- Netherlands (6.0K tons)
- Romania (3.8K tons)
- Germany (3.5K tons)
- United Kingdom (3.2K tons)
- Israel (2.9K tons)
- Serbia (2.6K tons)
This report provides an in-depth analysis of the unwrought aluminium alloys 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 2025.
Product coverage:
- Prodcom 24421154 - Unwrought aluminium alloys (excluding aluminium powders and flakes)
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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