Turkey: Stainless Steel Angle Market 2024

Stainless Steel Angle Market Size in Turkey

In 2022, after two years of growth, there was significant decline in the Turkish stainless steel angle market, when its value decreased by X% to $X. In general, consumption, however, showed perceptible growth. Stainless steel angle consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Stainless Steel Angle Production in Turkey

In value terms, stainless steel angle production declined notably to $X in 2022 estimated in export price. In general, production, however, recorded significant growth. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Stainless Steel Angle Exports

Exports from Turkey

In 2022, overseas shipments of angles, shapes and sections of stainless steel or other alloy steel were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports saw a significant increase. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, stainless steel angle exports soared to $X in 2022. In general, exports continue to indicate a strong expansion. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

Lebanon (X tons) was the main destination for stainless steel angle exports from Turkey, accounting for a X% share of total exports. Moreover, stainless steel angle exports to Lebanon exceeded the volume sent to the second major destination, Russia (X tons), fivefold. Ecuador (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Lebanon stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and Ecuador (X% per year).

In value terms, the largest markets for stainless steel angle exported from Turkey were Lebanon ($X), Germany ($X) and Russia ($X), with a combined X% share of total exports.

In terms of the main countries of destination, Lebanon, 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

The average stainless steel angle export price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the export price, however, recorded a noticeable decline. The pace of growth was the most pronounced in 2017 when the average export price increased by X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Lebanon ($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 Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Stainless Steel Angle Imports

Imports into Turkey

In 2022, after two years of growth, there was significant decline in supplies from abroad of angles, shapes and sections of stainless steel or other alloy steel, when their volume decreased by X% to X tons. Over the period under review, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then dropped significantly in the following year.

In value terms, stainless steel angle imports contracted to $X in 2022. In general, imports, however, recorded a buoyant expansion. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then fell in the following year.

Imports by Country

In 2022, South Korea (X tons) constituted the largest stainless steel angle supplier to Turkey, accounting for a X% share of total imports. Moreover, stainless steel angle imports from South Korea exceeded the figures recorded by the second-largest supplier, Spain (X tons), threefold. Italy (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from South Korea stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Italy (X% per year).

In value terms, South Korea ($X), Italy ($X) and India ($X) were the largest stainless steel angle suppliers to Turkey, with a combined X% share of total imports.

Among the main suppliers, South Korea, 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

The average stainless steel angle import price stood at $X per ton in 2022, surging by X% against the previous year. Overall, the import price, however, recorded a abrupt slump. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 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 France ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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