Turkey: Aluminium Tube Market 2024

Aluminium Tube Market Size in Turkey

The Turkish aluminium tube market reduced notably to $X in 2022, which is down by X% against the previous year. Overall, consumption, however, continues to indicate a resilient expansion. As a result, consumption reached the peak level of $X, and then plummeted in the following year.

Aluminium Tube Production in Turkey

In value terms, aluminium tube production fell notably to $X in 2022 estimated in export price. In general, production, however, saw a remarkable increase. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. Aluminium tube production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Aluminium Tube Exports

Exports from Turkey

In 2022, approx. X tons of aluminium tubes and pipes were exported from Turkey; waning by X% compared with 2021. In general, exports recorded a abrupt downturn. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, aluminium tube exports rose significantly to $X in 2022. Overall, exports showed a mild contraction. The most prominent rate of growth was recorded in 2013 with an increase of X%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Bulgaria (X tons), Germany (X tons) and Italy (X tons) were the main destinations of aluminium tube exports from Turkey, together comprising X% of total exports. Russia, Romania, Argentina, Mexico, Morocco, Egypt, France, Poland, South Africa and Hungary lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Argentina (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Bulgaria ($X), Germany ($X) and Italy ($X) were the largest markets for aluminium tube exported from Turkey worldwide, together accounting for X% of total exports. Romania, Russia, Argentina, Mexico, Poland, Egypt, Morocco, France, South Africa and Hungary lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Argentina, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average aluminium tube export price amounted to $X per ton, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Morocco ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (X%), while the prices for the other major destinations experienced more modest paces of growth.

Aluminium Tube Imports

Imports into Turkey

After two years of growth, purchases abroad of aluminium tubes and pipes decreased by X% to X tons in 2022. In general, imports recorded a dramatic decrease. The pace of growth appeared the most rapid in 2020 when imports increased by X%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, aluminium tube imports amounted to $X in 2022. Over the period under review, imports continue to indicate a precipitous descent. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), China (X tons) and Poland (X tons) were the main suppliers of aluminium tube imports to Turkey, with a combined X% share of total imports. Iran, the Netherlands, Italy, India and South Korea lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Poland ($X) and China ($X) constituted the largest aluminium tube suppliers to Turkey, with a combined X% share of total imports. The Netherlands, India, Italy, Iran and South Korea lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, India, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average aluminium tube import price amounted to $X per ton, rising by X% against the previous year. Overall, the import price continues to indicate a modest increase. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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 the Netherlands ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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