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Turkey - Iron Ores And Concentrates - Market Analysis, Forecast, Size, Trends And Insights
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Turkey: Overview of the Market for Iron Ores And Concentrates 2021

Market Size for Iron Ores And Concentrates in Turkey

The Turkish iron ore and concentrate market rose remarkably to $X in 2020, with an increase of X% against the previous year. The market value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2009 when the market value increased by X% y-o-y. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2020, consumption remained at a lower figure.

Production of Iron Ores And Concentrates in Turkey

In value terms, iron ore and concentrate production skyrocketed to $X in 2020 estimated in export prices. In general, the total production indicated a resilient increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2016 indices. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of Iron Ores And Concentrates

Exports from Turkey

In 2020, overseas shipments of iron ores and concentrates increased by X% to X tonnes, rising for the fourth consecutive year after two years of decline. Overall, exports recorded a significant expansion. The pace of growth was the most pronounced in 2017 when exports increased by X% year-to-year. Over the period under review, exports attained the maximum in 2020 and are likely to continue growth in the immediate term.

In value terms, iron ore and concentrate exports surged to $X in 2020. Over the period under review, exports recorded a significant 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 continue growth in years to come.

Exports by Country

China (X tonnes), Romania (X tonnes) and Bahrain (X tonnes) were the main destinations of iron ore and concentrate exports from Turkey, with a combined X% share of total exports.

From 2007 to 2020, the biggest increases were in Romania, while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for iron ore and concentrate exported from Turkey were China ($X), Romania ($X) and Bahrain ($X), with a combined X% share of total exports.

In terms of the main countries of destination, Romania 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

In 2020, the average iron ore and concentrate export price amounted to $X per tonne, increasing by X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. Over the period under review, average export prices hit record highs at $X per tonne in 2013; however, from 2014 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was China ($X per tonne), while the average price for exports to Free Zones ($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 Bahrain, while the prices for the other major destinations experienced mixed trend patterns.

Imports of Iron Ores And Concentrates

Imports into Turkey

In 2020, overseas purchases of iron ores and concentrates decreased by -X% to X tonnes, falling for the second year in a row after two years of growth. In general, imports showed a perceptible curtailment. The pace of growth appeared the most rapid in 2009 with an increase of X% year-to-year. Imports peaked at X tonnes in 2015; however, from 2016 to 2020, imports failed to regain the momentum.

In value terms, iron ore and concentrate imports contracted remarkably to $X in 2020. The total import value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when imports increased by X% year-to-year. Over the period under review, imports reached the peak figure at $X in 2019, and then contracted notably in the following year.

Imports by Country

In 2020, Brazil (X tonnes) constituted the largest supplier of iron ore and concentrate to Turkey, with a X% share of total imports. Moreover, iron ore and concentrate imports from Brazil exceeded the figures recorded by the second-largest supplier, Sweden (X tonnes), threefold. The third position in this ranking was occupied by Russia (X tonnes), with a X% share.

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

In value terms, Brazil ($X) constituted the largest supplier of iron ore and concentrate to Turkey, comprising X% of total imports. The second position in the ranking was occupied by Sweden ($X), with a X% share of total imports. It was followed by Russia, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from Brazil totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+X% per year) and Russia (+X% per year).

Import Prices by Country

The average iron ore and concentrate import price stood at $X per tonne in 2020, with an increase of X% against the previous year. In general, the import price showed a resilient expansion. The most prominent rate of growth was recorded in 2019 an increase of X% y-o-y. The import price peaked in 2020 and is likely to see gradual growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2020, the highest prices were recorded for prices from South Africa ($X per tonne) and Canada ($X per tonne), while the price for Brazil ($X per tonne) and Finland ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Russia, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for iron ores and concentrates in the world?
+
The country with the largest volume of iron ore and concentrate consumption was China (1,493M tonnes), comprising approx. 61% of total volume. Moreover, iron ore and concentrate consumption in China exceeded the figures recorded by the second-largest consumer, India (178M tonnes), eightfold. The third position in this ranking was occupied by Brazil (106M tonnes), with a 4.4% share.
What are the largest producers of iron ores and concentrates in the world?
+
Australia (900M tonnes) constituted the country with the largest volume of iron ore and concentrate production, accounting for 37% of total volume. Moreover, iron ore and concentrate production in Australia exceeded the figures recorded by the second-largest producer, Brazil (400M tonnes), twofold. The third position in this ranking was occupied by China (340M tonnes), with a 14% share.
What are the leading suppliers of iron ores and concentrates to Turkey?
+
In value terms, Brazil ($441M) constituted the largest supplier of iron ore and concentrate to Turkey, comprising 49% of total imports. The second position in the ranking was occupied by Sweden ($196M), with a 22% share of total imports. It was followed by Russia, with a 12% share.
What are the leading importers of iron ores and concentrates from Turkey?
+
In value terms, the largest markets for iron ore and concentrate exported from Turkey were China ($94M), Romania ($55M) and Bahrain ($13M), together comprising 95% of total exports.
What is the average export price for iron ores and concentrates in Turkey?
+
In 2020, the average iron ore and concentrate export price amounted to $101 per tonne, growing by 41% against the previous year.
What is the average import price for iron ores and concentrates in Turkey?
+
The average iron ore and concentrate import price stood at $256 per tonne in 2020, growing by 50% against the previous year.

Product coverage:

This report provides an in-depth analysis of the market for iron ore and concentrate 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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