Turkey - Insulated Wire And Cable - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWire and Cable Price in Turkey - 2023
Contents:
- Wire and Cable Price in Turkey (FOB) - 2023
- Wire and Cable Price in Turkey (CIF) - 2023
- Wire and Cable Exports in Turkey
- Wire and Cable Imports in Turkey
Wire and Cable Price in Turkey (FOB) - 2023
In July 2023, the average wire and cable export price amounted to $7,022 per ton, declining by -4.8% against the previous month. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2023 an increase of 5.4% month-to-month. Over the period under review, the average export prices reached the peak figure at $7,380 per ton in June 2023, and then shrank slightly in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Germany ($11,041 per ton), while the average price for exports to Libya ($3,648 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 Germany (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.
Wire and Cable Price in Turkey (CIF) - 2023
The average wire and cable import price stood at $17,248 per ton in July 2023, surging by 2% against the previous month. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2022 when the average import price increased by 43% month-to-month. As a result, import price attained the peak level of $24,356 per ton. From November 2022 to July 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Morocco ($24,579 per ton), while the price for Belarus ($8,784 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Austria (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Wire and Cable Exports in Turkey
For the fourth consecutive year, Turkey recorded growth in overseas shipments of insulated wire and cable, which increased by 7.6% to 519K tons in 2022. The total export volume increased at an average annual rate of +5.0% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, wire and cable exports stood at $3.6B in 2022. Overall, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +17.2% 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 +66.5% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 46% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the immediate term.
| Export of Wire and Cable in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 513 | 526 | 838 | 747 | 13.3% |
| Germany | 175 | 182 | 278 | 361 | 27.3% |
| Israel | 118 | 118 | 154 | 197 | 18.6% |
| Iraq | 174 | 146 | 173 | 184 | 1.9% |
| United States | 73.5 | 70.3 | 87.9 | 114 | 15.8% |
| Belgium | 19.3 | 26.7 | 82.0 | 106 | 76.4% |
| Ireland | 51.2 | 49.3 | 104 | 103 | 26.2% |
| Netherlands | 32.5 | 33.0 | 58.6 | 101 | 45.9% |
| Poland | 38.5 | 40.8 | 63.1 | 101 | 37.9% |
| France | 64.6 | 44.2 | 75.3 | 81.2 | 7.9% |
| Bulgaria | 55.0 | 45.8 | 62.5 | 80.2 | 13.4% |
| Austria | 16.3 | 15.8 | 30.9 | 59.0 | 53.5% |
| Turkmenistan | 23.0 | 25.4 | 59.0 | 47.4 | 27.3% |
| Others | 854 | 811 | 1,047 | 1,271 | 14.2% |
| Total | 2,207 | 2,135 | 3,114 | 3,554 | 17.2% |
Top Export Markets for Wire and Cable from Turkey in 2022:
- United Kingdom (120.4K tons)
- Germany (40.0K tons)
- Israel (36.8K tons)
- Iraq (31.4K tons)
- United States (19.3K tons)
- Poland (16.5K tons)
- Ireland (16.0K tons)
- Netherlands (12.6K tons)
- Bulgaria (11.3K tons)
- France (9.7K tons)
- Austria (9.3K tons)
- Belgium (9.3K tons)
- Turkmenistan (8.4K tons)
Wire and Cable Imports in Turkey
For the fourth consecutive year, Turkey recorded growth in supplies from abroad of insulated wire and cable, which increased by 15% to 77K tons in 2022. The total import volume increased at an average annual rate of +11.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, wire and cable imports surged to $1.3B in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +15.1% 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 +52.5% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Wire and Cable in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 118 | 139 | 181 | 216 | 22.3% |
| Bulgaria | 216 | 176 | 170 | 144 | -12.6% |
| Germany | 44.8 | 52.6 | 68.0 | 84.1 | 23.4% |
| Norway | 0.4 | 0.5 | 0.4 | 78.7 | 481.6% |
| Egypt | 22.6 | 28.1 | 59.1 | 76.9 | 50.4% |
| Italy | 34.1 | 47.7 | 53.7 | 70.4 | 27.3% |
| Romania | 91.4 | 132 | 89.3 | 63.6 | -11.4% |
| Morocco | 18.9 | 22.9 | 52.2 | 60.1 | 47.1% |
| Portugal | 32.5 | 31.2 | 44.0 | 58.5 | 21.6% |
| France | 20.2 | 17.9 | 16.4 | 42.8 | 28.4% |
| South Korea | 11.5 | 13.8 | 30.6 | 38.3 | 49.3% |
| Czech Republic | 12.5 | 17.1 | 20.4 | 28.7 | 31.9% |
| Thailand | 4.8 | 6.6 | 9.9 | 16.7 | 51.5% |
| Others | 217 | 234 | 268 | 311 | 12.7% |
| Total | 846 | 919 | 1,063 | 1,290 | 15.1% |
Top Suppliers of Wire and Cable to Turkey in 2022:
- China (18.5K tons)
- Bulgaria (7.8K tons)
- Portugal (5.3K tons)
- Italy (5.2K tons)
- Germany (4.8K tons)
- Egypt (4.2K tons)
- Norway (3.9K tons)
- Romania (3.1K tons)
- Morocco (2.8K tons)
- France (2.6K tons)
- South Korea (2.4K tons)
- Czech Republic (2.1K tons)
- Thailand (1.2K tons)
This report provides an in-depth analysis of the wire and cable 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 27321130 -
- Prodcom 27321150 -
- Prodcom 27321200 - Insulated coaxial cables and other coaxial electric conductors for data and control purposes whether or not fitted with connectors
- Prodcom 27321340 - Other electric conductors, for a voltage . 1 .000 V, fitted with connectors
- Prodcom 27321380 - Other electric conductors, for a voltage . 1 .000 V, not fitted with connectors
- Prodcom 27321400 - Insulated electric conductors for voltage >1 .000 V (excluding winding wire, coaxial cable and other coaxial electric conductors, ignition and other wiring sets used in vehicles, a ircraft, ships)
- Prodcom 29311000 - Insulated ignition wiring sets and other wiring sets of a kind used in vehicles, aircraft or ships
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.
-
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
-
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
-
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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