Turkey: Market for Iron or Steel Flat Spiral or Discs Springs 2024

Market Size for Iron or Steel Flat Spiral or Discs Springs in Turkey

In 2022, the Turkish market for iron or steel flat spiral or discs springs decreased by X% to $X for the first time since 2018, thus ending a three-year rising trend. Over the period under review, consumption, however, showed a perceptible increase. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Production of Iron or Steel Flat Spiral or Discs Springs in Turkey

In value terms, metal spiral or discs spring production declined rapidly to $X in 2022 estimated in export price. Overall, production, however, saw a resilient increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Exports of Iron or Steel Flat Spiral or Discs Springs

Exports from Turkey

In 2022, shipments abroad of iron or steel flat spiral or discs springs increased by X% to X tons, rising for the second year in a row after four years of decline. Over the period under review, exports showed a relatively flat trend pattern. 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 stood at a somewhat lower figure.

In value terms, metal spiral or discs spring exports expanded rapidly to $X in 2022. Overall, total exports indicated a prominent increase 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Romania (X tons), Morocco (X tons) and the UK (X tons) were the main destinations of metal spiral or discs spring exports from Turkey, with a combined X% share of total exports. The United States, Poland, Italy, Israel, Iraq, Tunisia, Russia, Egypt, Germany and Bosnia and Herzegovina lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Romania ($X) and Morocco ($X) constituted the largest markets for metal spiral or discs spring exported from Turkey worldwide, together accounting for X% of total exports.

In terms of the main countries of destination, Morocco, with a CAGR of X%, saw 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 2022, the average export price for iron or steel flat spiral or discs springs amounted to $X per ton, increasing by X% against the previous year. Overall, export price indicated a noticeable increase from 2012 to 2022: its price 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, metal spiral or discs spring export price increased by X% against 2016 indices. The pace of growth was the most pronounced in 2017 an increase of X%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

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 ($X per ton), while the average price for exports to the UK ($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 Romania (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel Flat Spiral or Discs Springs

Imports into Turkey

In 2022, supplies from abroad of iron or steel flat spiral or discs springs increased by X% to X tons, rising for the third consecutive year after two years of decline. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, metal spiral or discs spring imports stood at $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

Imports by Country

Poland (X tons), China (X tons) and Italy (X tons) were the main suppliers of metal spiral or discs spring imports to Turkey, with a combined X% share of total imports. Germany, Bulgaria, Spain, France, the Czech Republic, India and Croatia lagged somewhat behind, together accounting for a further X%.

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

In value terms, Germany ($X), Italy ($X) and China ($X) appeared to be the largest metal spiral or discs spring suppliers to Turkey, with a combined X% share of total imports. France, Poland, the Czech Republic, Spain, India, Bulgaria and Croatia lagged somewhat behind, together accounting for a further X%.

Bulgaria, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for iron or steel flat spiral or discs springs stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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 Germany ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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