Turkey: Market for Welded And Cold-Formed Sections Of Steel 2024

Market Size for Welded And Cold-Formed Sections Of Steel in Turkey

The Turkish market for welded and cold-formed sections of steel stood at $X in 2022, approximately equating the previous year. In general, consumption posted a resilient increase. Welded and cold-formed steel sections consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Welded And Cold-Formed Sections Of Steel in Turkey

In value terms, welded and cold-formed steel sections production dropped to $X in 2022 estimated in export price. Overall, production recorded a remarkable increase. The pace of growth was the most pronounced in 2019 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

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Exports of Welded And Cold-Formed Sections Of Steel

Exports from Turkey

In 2022, shipments abroad of welded and cold-formed sections of steel increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, total exports indicated strong 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. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, welded and cold-formed steel sections exports surged to $X in 2022. Overall, total exports indicated a prominent 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. Based on 2022 figures, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

Tanzania (X tons) was the main destination for welded and cold-formed steel sections exports from Turkey, with a X% share of total exports. Moreover, welded and cold-formed steel sections exports to Tanzania exceeded the volume sent to the second major destination, Turkmenistan (X tons), threefold. Angola (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Tanzania amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkmenistan (X% per year) and Angola (X% per year).

In value terms, the largest markets for welded and cold-formed steel sections exported from Turkey were Tanzania ($X), Turkmenistan ($X) and Russia ($X), with a combined X% share of total exports. Angola, Iraq, North Macedonia, Georgia, Cyprus, Libya, Oman and Azerbaijan lagged somewhat behind, together comprising a further X%.

North Macedonia, 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 2022, the average export price for welded and cold-formed sections of steel amounted to $X per ton, falling by X% against the previous year. In general, the export price, however, recorded a mild expansion. The most prominent rate of growth was recorded in 2015 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2021, and then fell slightly in the following year.

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

Imports of Welded And Cold-Formed Sections Of Steel

Imports into Turkey

In 2022, welded and cold-formed steel sections imports into Turkey soared to X tons, rising by X% compared with 2021 figures. Overall, imports recorded a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, welded and cold-formed steel sections imports soared to $X in 2022. Over the period under review, imports enjoyed a strong expansion. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X tons) was the main supplier of welded and cold-formed steel sections to Turkey, with a X% share of total imports. It was followed by China (X tons), with a X% share of total imports.

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

In value terms, Germany ($X) constituted the largest supplier of welded and cold-formed sections of steel to Turkey, comprising X% of total imports. The second position in the ranking was taken by Switzerland ($X), with a X% share of total imports.

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

Import Prices by Country

In 2022, the average import price for welded and cold-formed sections of steel amounted to $X per ton, reducing by X% against the previous year. In general, the import price saw a abrupt downturn. The most prominent rate of growth was recorded in 2019 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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