Turkey: Market for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers 2024

Market Size for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in Turkey

The Turkish market for iron, steel or aluminium reservoirs, tanks, vats and similar containers soared to $X in 2020, increasing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2020; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in Turkey

In value terms, iron, steel or aluminium reservoir production rose slightly to $X in 2020 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X%. Iron, steel or aluminium reservoir production peaked at $X in 2013; however, from 2014 to 2020, production stood at a somewhat lower figure.

Exports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Exports from Turkey

Iron, steel or aluminium reservoir exports from Turkey shrank to X units in 2020, which is down by X% compared with the previous year's figure. In general, total exports indicated a buoyant expansion from 2012 to 2020: its volume increased at an average annual rate of X% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2015 when exports increased by X%. The exports peaked at X units in 2019, and then shrank in the following year.

In value terms, iron, steel or aluminium reservoir exports declined to $X in 2020. Overall, total exports indicated a strong increase from 2012 to 2020: its value increased at an average annual rate of X% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2019, and then fell in the following year.

Exports by Country

Italy (X units), Iraq (X units) and the UK (X units) were the main destinations of iron, steel or aluminium reservoir exports from Turkey, together comprising X% of total exports. Germany, Israel, Sudan, Bangladesh, Algeria, Nigeria, Cote d'Ivoire, Hungary, Spain and Bulgaria lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest markets for iron, steel or aluminium reservoir exported from Turkey were Germany ($X), Italy ($X) and the UK ($X), together comprising X% of total exports. Iraq, Israel, Algeria, Nigeria, Sudan, Bangladesh, Spain, Cote d'Ivoire, Hungary and Bulgaria lagged somewhat behind, together comprising a further X%.

Bangladesh, with a CAGR of X%, recorded the highest growth rate of the value of exports, among 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 export price for iron, steel or aluminium reservoirs, tanks, vats and similar containers amounted to $X per unit, standing approx. at the previous year. Overall, the export price, however, continues to indicate a slight curtailment. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2020, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Sudan ($X per unit) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (X%), while the prices for the other major destinations experienced a decline.

Imports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Imports into Turkey

In 2020, approx. X units of iron, steel or aluminium reservoirs, tanks, vats and similar containers were imported into Turkey; with an increase of X% on the previous year. Over the period under review, total imports indicated resilient growth from 2012 to 2020: its volume increased at an average annual rate of X% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by X% against 2016 indices. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Over the period under review, imports hit record highs at X units in 2016; however, from 2017 to 2020, imports failed to regain momentum.

In value terms, iron, steel or aluminium reservoir imports skyrocketed to $X in 2020. Overall, total imports indicated a resilient expansion from 2012 to 2020: its value increased at an average annual rate of X% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by X%. As a result, imports attained the peak of $X. From 2014 to 2020, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2020, China (X units) constituted the largest iron, steel or aluminium reservoir supplier to Turkey, accounting for a X% share of total imports. Moreover, iron, steel or aluminium reservoir imports from China exceeded the figures recorded by the second-largest supplier, Russia (X units), threefold. Germany (X units) ranked third in terms of total imports with an X% share.

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

In value terms, the largest iron, steel or aluminium reservoir suppliers to Turkey were China ($X), Germany ($X) and the United States ($X), together accounting for X% of total imports. Italy, South Korea, Russia, Poland, India, Portugal, Austria, Hungary, the United Arab Emirates and Spain lagged somewhat behind, together comprising a further X%.

Russia, with a CAGR of X%, saw the highest growth rate of 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, steel or aluminium reservoirs, tanks, vats and similar containers stood at $X per unit in 2020, dropping by X% against the previous year. In general, the import price showed a slight descent. The growth pace was the most rapid in 2019 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2020, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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