Turkey - Aluminium Alloy Wire - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice of Aluminium Alloy Wire in Turkey Drops by 3% to $4,603 per Ton
Turkey Aluminium Alloy Wire Import Price in March 2023
In March 2023, the aluminium alloy wire price stood at $4,603 per ton (CIF, Turkey), reducing by -3.3% against the previous month. Overall, the import price recorded a mild descent. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 17% month-to-month. The import price peaked at $5,793 per ton in April 2022; however, from May 2022 to March 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was France ($8,139 per ton), while the price for Malaysia ($2,974 per ton) was amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by France (+1.1%), while the prices for the other major suppliers experienced a decline.
| COUNTRY | Import Price of Aluminium Alloy Wire in Turkey (USD per ton) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | |
| France | 7,165 | 8,569 | 8,982 | 6,803 | 8,261 | 8,077 | 8,253 | 6,446 | 7,979 | 8,393 | 6,708 | 8,431 | 8,139 |
| United Kingdom | 5,891 | 5,750 | 5,698 | 5,800 | 6,700 | 6,291 | 6,711 | N/A | 5,573 | 5,775 | 5,813 | 5,775 | 5,278 |
| Netherlands | 5,592 | 6,364 | 5,935 | 6,160 | 5,855 | 5,646 | 5,729 | 5,100 | 5,360 | 5,715 | 5,332 | 5,122 | 4,979 |
| Spain | 5,524 | 5,261 | 4,245 | 5,069 | 4,496 | 4,860 | 4,510 | 4,174 | 5,166 | 3,211 | 4,435 | 4,715 | 4,768 |
| China | 5,082 | 5,096 | 4,789 | 5,526 | 4,475 | 5,389 | 4,495 | 4,192 | 3,802 | 4,421 | 4,083 | 4,116 | 4,037 |
| Malaysia | N/A | N/A | 3,311 | 3,552 | 3,412 | 3,353 | 3,076 | 3,040 | 2,902 | 2,936 | 2,895 | 3,222 | 2,974 |
| Average | 5,672 | 5,793 | 5,016 | 5,575 | 4,689 | 5,328 | 4,841 | 4,584 | 4,596 | 4,907 | 4,080 | 4,760 | 4,603 |
Turkey Aluminium Alloy Wire Imports
In March 2023, after two months of decline, there was significant growth in purchases abroad of aluminium alloy wire, when their volume increased by 40% to 674 tons. Over the period under review, total imports indicated a mild increase from March 2022 to March 2023: its volume increased at an average monthly rate of +1.6% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2023 figures, imports increased by +40.4% against February 2023 indices. The most prominent rate of growth was recorded in July 2022 with an increase of 62% against the previous month. As a result, imports reached the peak of 930 tons. From August 2022 to March 2023, the growth of imports failed to regain momentum.
In value terms, aluminium alloy wire imports skyrocketed to $3.1M (IndexBox estimates) in March 2023. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2022 with an increase of 36% against the previous month. As a result, imports reached the peak of $4.4M. From August 2022 to March 2023, the growth of imports remained at a somewhat lower figure.
Turkey Aluminium Alloy Wire Imports by Country
In March 2023, China (295 tons) constituted the largest aluminium alloy wire supplier to Turkey, accounting for a 44% share of total imports. Moreover, aluminium alloy wire imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (111 tons), threefold. Malaysia (96 tons) ranked third in terms of total imports with a 14% share.
From March 2022 to March 2023, the average monthly rate of growth in terms of volume from China amounted to +2.8%. The remaining supplying countries recorded the following average monthly rates of imports growth: the Netherlands (-1.1% per month) and Malaysia (-0.1% per month).
In value terms, China ($1.2M) constituted the largest supplier of aluminium alloy wire to Turkey, comprising 38% of total imports. The second position in the ranking was held by the Netherlands ($552K), with an 18% share of total imports. It was followed by Spain, with a 13% share.
From March 2022 to March 2023, the average monthly rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: the Netherlands (-2.0% per month) and Spain (-0.4% per month).
This report provides an in-depth analysis of the aluminium alloy wire market 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 2030.
Product coverage:
- Prodcom 24422350 - Aluminium alloy wire (excluding insulated electric wire and cable, twine and cordage reinforced with aluminium wire, s tranded wire and cables)
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND THE AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDSThis Chapter is Available Only for the Professional EditionPRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and its Prospects
- MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET FORECAST TO 2035
4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION
Finding New Products to Diversify Your Business
- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCTS
- MOST TRADED PRODUCTS
- MOST PROFITABLE PRODUCTS FOR EXPORTS
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Export
- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country, 2012–2024
LIST OF FIGURES
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Volume Forecast to 2035
- Market Value Forecast to 2035
- Market Size and Growth, By Product
- Average Per Capita Consumption, By Product
- Exports and Growth, By Product
- Export Prices and Growth, By Product
- Production Volume and Growth
- Exports and Growth
- Export Prices and Growth
- Market Size and Growth
- Per Capita Consumption
- Imports and Growth
- Import Prices
- Production, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Production, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country, 2012–2024
