Turkey: Metal Advertising Sign Market 2024

Metal Advertising Sign Market Size in Turkey

In 2020, the Turkish metal advertising sign market increased by X% to $X for the first time since 2016, thus ending a three-year declining trend. Over the period under review, consumption continues to indicate resilient growth. As a result, consumption attained the peak level of $X. From 2017 to 2020, the growth of the market remained at a lower figure.

Metal Advertising Sign Production in Turkey

In value terms, metal advertising sign production expanded rapidly to $X in 2020 estimated in export price. In general, production continues to indicate a remarkable increase. The pace of growth appeared the most rapid in 2015 when the production volume increased by X%. Metal advertising sign production peaked in 2020 and is likely to see steady growth in years to come.

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Metal Advertising Sign Exports

Exports from Turkey

In 2020, exports of metal advertising signs from Turkey shrank notably to X tons, waning by X% against the year before. Overall, exports, however, showed slight growth. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2020, the growth of the exports remained at a somewhat lower figure.

In value terms, metal advertising sign exports contracted rapidly to $X in 2020. Over the period under review, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when exports increased by X%. As a result, the exports reached the peak of $X. From 2019 to 2020, the growth of the exports remained at a lower figure.

Exports by Country

Germany (X tons), the United States (X tons) and Pakistan (X tons) were the main destinations of metal advertising sign exports from Turkey, together comprising X% of total exports.

From 2012 to 2020, the biggest increases were recorded for Pakistan (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal advertising sign exported from Turkey were the United States ($X), Germany ($X) and Romania ($X), with a combined X% share of total exports. Azerbaijan, the Netherlands, Poland, the UK, Montenegro and Pakistan lagged somewhat behind, together accounting for a further X%.

Pakistan, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of 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

In 2020, the average metal advertising sign export price amounted to $X per ton, falling by X% against the previous year. In general, the export price showed a mild downturn. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2020, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2020, amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Metal Advertising Sign Imports

Imports into Turkey

In 2020, supplies from abroad of metal advertising signs decreased by X% to X tons, falling for the second consecutive year after three years of growth. Overall, imports, however, posted a perceptible expansion. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2020, imports failed to regain momentum.

In value terms, metal advertising sign imports shrank remarkably to $X in 2020. Over the period under review, imports recorded a pronounced setback. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, imports hit record highs at $X in 2019, and then dropped dramatically in the following year.

Imports by Country

In 2020, China (X tons) constituted the largest metal advertising sign supplier to Turkey, with a X% share of total imports. Moreover, metal advertising sign imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was taken by Italy (X tons), with a X% share.

From 2012 to 2020, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Italy (X% per year).

In value terms, Hong Kong SAR ($X), Germany ($X) and China ($X) appeared to be the largest metal advertising sign suppliers to Turkey, together comprising X% of total imports. Italy, Denmark, the Netherlands and Serbia lagged somewhat behind, together accounting for a further X%.

Serbia, 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 metal advertising sign import price stood at $X per ton in 2020, falling by X% against the previous year. Over the period under review, the import price showed a deep slump. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2020, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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