Turkey - Winding Wire For Electrical Purposes - Market Analysis, Forecast, Size, Trends And Insights
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View PricingWinding Wire Price in Turkey - 2023
Contents:
- Winding Wire Price in Turkey (FOB) - 2023
- Winding Wire Price in Turkey (CIF) - 2022
- Winding Wire Exports in Turkey
- Winding Wire Imports in Turkey
Winding Wire Price in Turkey (FOB) - 2023
The average winding wire export price stood at $9,204 per ton in September 2023, declining by -3.5% against the previous month. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 7.7% against the previous month. The export price peaked at $10,118 per ton in April 2023; however, from May 2023 to September 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In September 2023, the country with the highest price was Iraq ($10,706 per ton), while the average price for exports to the United States ($6,827 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.
Winding Wire Price in Turkey (CIF) - 2022
In 2022, the average winding wire import price amounted to $10,981 per ton, picking up by 13% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The pace of growth appeared the most rapid in 2021 an increase of 22% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in years to come.
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 ($19,357 per ton), while the price for China ($8,336 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Winding Wire Exports in Turkey
In 2022, winding wire exports from Turkey reached 14K tons, approximately mirroring 2021 figures. The total export volume increased at an average annual rate of +2.5% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 22%. The exports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, winding wire exports reached $127M in 2022. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +15.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 66% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Winding Wire in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iraq | 11.0 | 9.0 | 14.7 | 12.1 | 3.2% |
| Italy | 4.9 | 4.3 | 11.6 | 11.9 | 34.4% |
| Poland | 4.3 | 3.3 | 7.3 | 9.7 | 31.1% |
| Egypt | 8.0 | 5.4 | 7.5 | 9.1 | 4.4% |
| Germany | 6.6 | 5.0 | 8.6 | 8.6 | 9.2% |
| Romania | 5.0 | 7.2 | 11.9 | 6.7 | 10.2% |
| Austria | 2.0 | 2.3 | 3.9 | 5.2 | 37.5% |
| Bulgaria | 3.2 | 3.1 | 5.3 | 5.0 | 16.0% |
| Czech Republic | 1.2 | 1.4 | 4.9 | 4.6 | 56.5% |
| Israel | 1.9 | 2.0 | 4.4 | 4.1 | 29.2% |
| Serbia | 2.0 | 1.6 | 2.3 | 3.3 | 18.2% |
| Slovakia | 0.3 | 1.3 | 1.6 | 2.5 | 102.7% |
| Iran | N/A | N/A | 0.7 | 1.2 | 71.4% |
| Others | 33.0 | 28.0 | 38.4 | 43.5 | 9.6% |
| Total | 83.2 | 74.0 | 123 | 127 | 15.1% |
Top Export Markets for Winding Wire from Turkey in 2022:
- Poland (1401.4 tons)
- Iraq (1258.5 tons)
- Italy (1196.3 tons)
- Egypt (948.8 tons)
- Germany (825.1 tons)
- Romania (717.6 tons)
- Bulgaria (516.3 tons)
- Austria (513.2 tons)
- Czech Republic (445.8 tons)
- Israel (379.5 tons)
- Serbia (339.5 tons)
- Iran (328.6 tons)
- Slovakia (317.3 tons)
Winding Wire Imports in Turkey
In 2022, supplies from abroad of winding wire for electrical purposes decreased by -0.9% to 6.7K tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +7.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when imports increased by 37% against the previous year. As a result, imports reached the peak of 7.4K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, winding wire imports rose remarkably to $74M in 2022. Overall, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +20.6% 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 +75.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 42%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the near future.
| Import of Winding Wire in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 8.9 | 18.8 | 21.0 | 33.7 | 55.9% |
| Malaysia | 6.5 | 5.1 | 8.1 | 11.1 | 19.5% |
| China | 6.4 | 6.2 | 10.8 | 8.7 | 10.8% |
| Austria | 6.5 | 9.8 | 11.0 | 5.6 | -4.8% |
| Netherlands | 0.7 | 6.0 | 3.2 | 2.9 | 60.6% |
| Serbia | 1.0 | 1.7 | 2.5 | 2.6 | 37.5% |
| Sweden | 2.1 | 1.7 | 1.8 | 2.5 | 6.0% |
| Spain | 3.4 | 3.9 | 2.3 | 1.7 | -20.6% |
| Germany | 3.1 | 3.0 | 1.9 | 1.0 | -31.4% |
| Others | 3.5 | 3.3 | 3.0 | 3.9 | 3.7% |
| Total | 41.9 | 59.4 | 65.6 | 73.6 | 20.7% |
Top Suppliers of Winding Wire to Turkey in 2022:
- Italy (2885.7 tons)
- China (1046.7 tons)
- Malaysia (946.1 tons)
- Austria (505.5 tons)
- Netherlands (261.7 tons)
- Serbia (242.4 tons)
- Sweden (213.8 tons)
- Spain (165.8 tons)
- Germany (49.5 tons)
This report provides an in-depth analysis of the winding 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 27321100 - Winding wire for electrical purposes
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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