Turkey: Globe Market 2022

Globe Market Size in Turkey

In 2021, the Turkish globe market was finally on the rise to reach $X for the first time since 2015, thus ending a five-year declining trend. Overall, consumption, however, recorded a precipitous descent. Globe consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Globe Production in Turkey

In value terms, globe production soared to $X in 2021 estimated in export price. Overall, production saw resilient growth. The growth pace was the most rapid in 2019 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Globe Exports

Exports from Turkey

In 2021, overseas shipments of globes decreased by -X% to X tons, falling for the second year in a row after three years of growth. In general, exports, however, continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2017 with an increase of X%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, globe exports skyrocketed to $X in 2021. Overall, exports, however, showed a buoyant increase. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to see steady growth in years to come.

Exports by Country

Azerbaijan (X tons), the UK (X tons) and Georgia (X tons) were the main destinations of globe exports from Turkey, with a combined X% share of total exports. These countries were followed by Senegal and Tanzania, which together accounted for a further X 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Senegal (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, Azerbaijan ($X), the UK ($X) and Georgia ($X) were the largest markets for globe exported from Turkey worldwide, with a combined X% share of total exports. Senegal and Tanzania lagged somewhat behind, together comprising a further less than X the main countries of destination, Senegal, with a CAGR of +X%, recorded the highest rates of growth with regard to 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 2021, the average globe export price amounted to $X per ton, growing by X% against the previous year. In general, the export price, however, recorded a pronounced slump. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Georgia ($X per ton), while the average price for exports to Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (X%), while the prices for the other major destinations experienced mixed trend patterns.

Globe Imports

Imports into Turkey

In 2021, the amount of globes imported into Turkey contracted significantly to X tons, reducing by -X% on 2020 figures. In general, imports showed a dramatic slump. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, globe imports soared to $X in 2021. Overall, imports faced a abrupt descent. The growth pace was the most rapid in 2020 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, India (X tons) constituted the largest supplier of globe to Turkey, accounting for a X% share of total imports. Moreover, globe imports from India exceeded the figures recorded by the second-largest supplier, China (X kg), more than tenfold. The third position in this ranking was held by Belgium (X kg), with less than X% share.

From 2012 to 2021, the average annual growth rate of volume from India totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-X% per year) and Belgium (+X% per year).

In value terms, India ($X) constituted the largest supplier of globe to Turkey, comprising X% of total imports. The second position in the ranking was held by the UK ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from India totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-X% per year) and China (-X% per year).

Import Prices by Country

In 2021, the average globe import price amounted to $X per ton, jumping by X% against the previous year. In general, the import price recorded a remarkable increase. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the UK ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

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Source: IndexBox Platform

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