Turkey: Market for Iron or Steel Hot-Worked Helical Springs 2024

Market Size for Iron or Steel Hot-Worked Helical Springs in Turkey

The Turkish metal hot-worked helical spring market contracted to $X in 2022, reducing by X% against the previous year. In general, consumption, however, enjoyed resilient growth. Metal hot-worked helical spring consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Iron or Steel Hot-Worked Helical Springs in Turkey

In value terms, metal hot-worked helical spring production fell notably to $X in 2022 estimated in export price. In general, production, however, enjoyed a resilient increase. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Exports of Iron or Steel Hot-Worked Helical Springs

Exports from Turkey

In 2022, overseas shipments of iron or steel hot-worked helical springs increased by X% to X tons, rising for the second consecutive year after four years of decline. Over the period under review, exports, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, metal hot-worked helical spring exports surged to $X in 2022. In general, exports, however, recorded a perceptible decrease. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for metal hot-worked helical spring exports from Turkey, with a X% share of total exports. Moreover, metal hot-worked helical spring exports to the United States exceeded the volume sent to the second major destination, the UK (X tons), twofold. Serbia (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Serbia (X% per year).

In value terms, the largest markets for metal hot-worked helical spring exported from Turkey were the United States ($X), the UK ($X) and Russia ($X), together accounting for X% of total exports.

Among the main countries of destination, Russia, with a CAGR of X%, recorded 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 metal hot-worked helical spring export price stood at $X per ton in 2022, reducing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 an increase of X%. As a result, the export price attained the peak level of $X per ton, and then fell in the following year.

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

Imports of Iron or Steel Hot-Worked Helical Springs

Imports into Turkey

In 2022, purchases abroad of iron or steel hot-worked helical springs increased by X% to X tons, rising for the second year in a row after four years of decline. Overall, total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2015 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, metal hot-worked helical spring imports expanded remarkably to $X in 2022. Over the period under review, total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in years to come.

Imports by Country

Germany (X tons), Poland (X tons) and China (X tons) were the main suppliers of metal hot-worked helical spring imports to Turkey, with a combined X% share of total imports. Romania, the United States, Russia, Spain, South Korea, Italy, France, Japan, Slovakia and the UK 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 Romania (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of iron or steel hot-worked helical springs to Turkey, comprising X% of total imports. The second position in the ranking was held by Poland ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and China (X% per year).

Import Prices by Country

The average metal hot-worked helical spring import price stood at $X per ton in 2022, waning by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2018 when the average import price increased by X%. The import price peaked at $X per ton in 2021, and then declined in the following year.

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 UK ($X per ton), while the price for Poland ($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 UK (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :