Turkey: Market for Plastic Hoses and Hose Fittings 2024

Market Size for Plastic Hoses and Hose Fittings in Turkey

The Turkish market for plastic hoses and hose fittings reduced to $X in 2022, falling by X% against the previous year. Overall, consumption showed a pronounced curtailment. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Plastic Hoses and Hose Fittings in Turkey

In value terms, plastic hose and hose fitting production reduced sharply to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Plastic Hoses and Hose Fittings

Exports from Turkey

In 2022, overseas shipments of plastic hoses and hose fittings decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, exports continue to indicate a perceptible shrinkage. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, plastic hose and hose fitting exports expanded modestly to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Iraq (X tons) was the main destination for plastic hose and hose fitting exports from Turkey, accounting for a X% share of total exports. Moreover, plastic hose and hose fitting exports to Iraq exceeded the volume sent to the second major destination, Italy (X tons), fourfold. Morocco (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 Iraq stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Morocco (X% per year).

In value terms, Iraq ($X), Germany ($X) and France ($X) were the largest markets for plastic hose and hose fitting exported from Turkey worldwide, together comprising X% of total exports. Italy, Poland, Spain, Morocco, Russia, Romania, Syrian Arab Republic, Uzbekistan, Turkmenistan and Algeria lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Spain, 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 plastic hoses and hose fittings amounted to $X per ton, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2018; afterwards, it flattened through to 2022.

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

Imports of Plastic Hoses and Hose Fittings

Imports into Turkey

In 2022, supplies from abroad of plastic hoses and hose fittings increased by X% to X tons for the first time since 2018, thus ending a three-year declining trend. In general, total imports indicated moderate growth 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. The growth pace was the most rapid in 2015 with an increase of X%. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, plastic hose and hose fitting imports skyrocketed to $X in 2022. Overall, total imports indicated a resilient expansion 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. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Italy (X tons) constituted the largest plastic hose and hose fitting supplier to Turkey, accounting for a X% share of total imports. Moreover, plastic hose and hose fitting imports from Italy exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was held by Germany (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Germany (X% per year).

In value terms, Italy ($X), Germany ($X) and Denmark ($X) appeared to be the largest plastic hose and hose fitting suppliers to Turkey, together accounting for X% of total imports.

Denmark, with a CAGR of X%, saw 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

In 2022, the average import price for plastic hoses and hose fittings amounted to $X per ton, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2013 when the average import price increased by X%. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in years to come.

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 United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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