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Turkey - Hot-Rolled Bars In Free-Cutting Steels - Market Analysis, Forecast, Size, Trends And Insights
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Turkey: Hot-Rolled Free-Cutting Steel Market Overview 2021

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Hot-Rolled Free-Cutting Steel Market Size in Turkey

The Turkish hot-rolled free-cutting steel market amounted to $X in 2020, approximately equating the previous year. Overall, consumption saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2017 when the market value increased by X% against the previous year. Hot-rolled free-cutting steel consumption peaked at $X in 2007; however, from 2008 to 2020, consumption failed to regain the momentum.

Hot-Rolled Free-Cutting Steel Production in Turkey

In value terms, hot-rolled free-cutting steel production stood at $X in 2020 estimated in export prices. In general, production saw a pronounced curtailment. The growth pace was the most rapid in 2018 when the production volume increased by X% y-o-y. Hot-rolled free-cutting steel production peaked at $X in 2007; however, from 2008 to 2020, production stood at a somewhat lower figure.

Hot-Rolled Free-Cutting Steel Exports

Exports from Turkey

In 2020, approx. X tonnes of hot-rolled bars in free-cutting steels were exported from Turkey; jumping by X% compared with 2019. Over the period under review, exports showed a significant increase. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Exports peaked in 2020 and are expected to retain growth in the near future.

In value terms, hot-rolled free-cutting steel exports surged to $X in 2020. In general, exports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Exports peaked in 2020 and are likely to see gradual growth in years to come.

Exports by Country

Spain (X tonnes), Germany (X tonnes) and Free Zones (X tonnes) were the main destinations of hot-rolled free-cutting steel exports from Turkey, with a combined X% share of total exports. These countries were followed by Albania, Israel, Italy and Bulgaria, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Albania (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hot-rolled free-cutting steel exported from Turkey were Germany ($X), Spain ($X) and Free Zones ($X), with a combined X% share of total exports. Italy, Israel, Bulgaria and Albania lagged somewhat behind, together comprising a further X (+X% per year) saw the highest rates of growth with regard to the value of exports, among 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 hot-rolled free-cutting steel export price stood at $X per tonne in 2020, increasing by X% against the previous year. Over the period under review, the export price, however, recorded a perceptible contraction. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. Over the period under review, average export prices hit record highs at $X per tonne in 2007; however, from 2008 to 2020, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Italy ($X per tonne), while the average price for exports to Free Zones ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Germany, while the prices for the other major destinations experienced a decline.

Hot-Rolled Free-Cutting Steel Imports

Imports into Turkey

In 2020, supplies from abroad of hot-rolled bars in free-cutting steels was finally on the rise to reach X tonnes for the first time since 2017, thus ending a two-year declining trend. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. As a result, imports reached the peak of X tonnes. From 2018 to 2020, the growth imports failed to regain the momentum.

In value terms, hot-rolled free-cutting steel imports fell to $X in 2020. Over the period under review, imports showed a slight shrinkage. The pace of growth was the most pronounced in 2017 with an increase of X% y-o-y. As a result, imports reached the peak of $X. From 2018 to 2020, the growth imports remained at a somewhat lower figure.

Imports by Country

In 2020, Germany (X tonnes) constituted the largest hot-rolled free-cutting steel supplier to Turkey, with a X% share of total imports. Moreover, hot-rolled free-cutting steel imports from Germany exceeded the figures recorded by the second-largest supplier, France (X tonnes), threefold. The third position in this ranking was occupied by Switzerland (X tonnes), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from Germany stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-X% per year) and Switzerland (+X% per year).

In value terms, Germany ($X) constituted the largest supplier of hot-rolled free-cutting steel to Turkey, comprising X% of total imports. The second position in the ranking was occupied by France ($X), with a X% share of total imports. It was followed by Switzerland, with a X% share.

From 2007 to 2020, the average annual growth rate of value from Germany totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-X% per year) and Switzerland (-X% per year).

Import Prices by Country

The average hot-rolled free-cutting steel import price stood at $X per tonne in 2020, shrinking by -X% against the previous year. Over the period under review, the import price saw a perceptible decrease. The pace of growth was the most pronounced in 2011 an increase of X% year-to-year. As a result, import price attained the peak level of $X per tonne. From 2012 to 2020, the growth in terms of the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2020, the highest prices were recorded for prices from France ($X per tonne) and Germany ($X per tonne), while the price for Italy ($X per tonne) and Switzerland ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Switzerland, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for hot-rolled bars in free-cutting steels in the world?
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The countries with the highest volumes of hot-rolled free-cutting steel consumption in 2020 were China (852K tonnes), the U.S. (454K tonnes) and India (329K tonnes), with a combined 41% share of global consumption. Japan, Germany, Russia, Singapore, the UK, France, Turkey, Iran, South Korea and Italy lagged somewhat behind, together accounting for a further 28%.
What are the largest producers of hot-rolled bars in free-cutting steels in the world?
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The countries with the highest volumes of hot-rolled free-cutting steel production in 2020 were China (852K tonnes), the U.S. (435K tonnes) and India (330K tonnes), with a combined 41% share of global production. Japan, Germany, Russia, Saudi Arabia, France, the UK, Turkey, Iran, South Korea and Canada lagged somewhat behind, together comprising a further 29%.
What are the leading suppliers of hot-rolled bars in free-cutting steels to Turkey?
+
In value terms, Germany ($3M) constituted the largest supplier of hot-rolled free-cutting steel to Turkey, comprising 54% of total imports. The second position in the ranking was occupied by France ($1.2M), with a 22% share of total imports. It was followed by Switzerland, with a 14% share.
What are the leading importers of hot-rolled bars in free-cutting steels from Turkey?
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In value terms, Germany ($1.2M), Spain ($1.1M) and Free Zones ($487K) were the largest markets for hot-rolled free-cutting steel exported from Turkey worldwide, with a combined 70% share of total exports. These countries were followed by Italy, Israel, Bulgaria and Albania, which together accounted for a further 24%.
What is the average export price for hot-rolled bars in free-cutting steels in Turkey?
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In 2020, the average hot-rolled free-cutting steel export price amounted to $683 per tonne, with an increase of 3.2% against the previous year.
What is the average import price for hot-rolled bars in free-cutting steels in Turkey?
+
The average hot-rolled free-cutting steel import price stood at $669 per tonne in 2020, declining by -16% against the previous year.

Product coverage:
• Prodcom 24106230 - Hot-rolled bars in free-cutting steels

This report provides an in-depth analysis of the hot-rolled free-cutting steel 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 2025.


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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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