Turkey: Metal Vehicle Lock Market 2024

Metal Vehicle Lock Market Size in Turkey

After two years of decline, the Turkish metal vehicle lock market increased by X% to $X in 2022. In general, consumption posted a strong expansion. Metal vehicle lock consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Metal Vehicle Lock Production in Turkey

In value terms, metal vehicle lock production reduced to $X in 2022 estimated in export price. In general, production posted a resilient increase. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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Metal Vehicle Lock Exports

Exports from Turkey

In 2022, shipments abroad of base metal motor vehicle locks increased by X% to X tons, rising for the second year in a row after four years of decline. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, metal vehicle lock exports rose remarkably to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X%. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

France (X tons), Spain (X tons) and the United States (X tons) were the main destinations of metal vehicle lock exports from Turkey, together comprising X% of total exports. The Czech Republic, Germany, Romania, Poland, Morocco, Ukraine, the UK, Italy, Brazil and Russia lagged somewhat behind, together accounting for a further X%.

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

In value terms, France ($X), the United States ($X) and Spain ($X) appeared to be the largest markets for metal vehicle lock exported from Turkey worldwide, with a combined X% share of total exports. The Czech Republic, the UK, Germany, Romania, Morocco, Poland, Ukraine, Italy, Russia and Brazil lagged somewhat behind, together comprising a further X%.

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

Export Prices by Country

The average metal vehicle lock export price stood at $X per ton in 2022, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 an increase of X%. The export price peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Spain ($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 the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Vehicle Lock Imports

Imports into Turkey

In 2022, supplies from abroad of base metal motor vehicle locks increased by X% to X tons, rising for the second consecutive year after three years of decline. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, metal vehicle lock imports totaled $X in 2022. Over the period under review, imports continue to indicate a modest increase. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the Czech Republic (X tons) constituted the largest metal vehicle lock supplier to Turkey, with a X% share of total imports. Moreover, metal vehicle lock imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was held by Italy (X tons), with a X% share.

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

In value terms, the Czech Republic ($X) constituted the largest supplier of base metal motor vehicle locks to Turkey, comprising X% of total imports. The second position in the ranking was taken by Italy ($X), with a X% share of total imports. It was followed by China, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Czech Republic amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and China (X% per year).

Import Prices by Country

The average metal vehicle lock import price stood at $X per ton in 2022, with a decrease of X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a 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 ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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