Turkey Sees 21% Drop in Aluminium and Titanium Imports, Valuing at $4.1B in 2023
Turkey Aluminium and Titanium Imports
In 2023, approx. 1.7M tons of aluminium and titanium were imported into Turkey; falling by -4.7% compared with the previous year. Overall, total imports indicated a perceptible expansion from 2013 to 2023: its volume increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by -8.7% against 2021 indices. The pace of growth was the most pronounced in 2021 with an increase of 52%. As a result, imports reached the peak of 1.9M tons. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.
In value terms, aluminium and titanium imports reduced notably to $4.1B (IndexBox estimates) in 2023. In general, imports, however, posted a remarkable increase. The growth pace was the most rapid in 2021 when imports increased by 117%. Imports peaked at $5.2B in 2022, and then dropped significantly in the following year.
COUNTRY | Import Value of Aluminium and Titanium in Turkey (million USD) | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
Russia | 852 | 1,088 | 875 | 606 | 575 | 709 | 1,081 | 1,008 | 1,221 | 1,111 | 1,224 |
Kazakhstan | 125 | 91.7 | 60.3 | 41.1 | 55.1 | 177 | 223 | 203 | 250 | 101 | 465 |
Malaysia | 28.8 | 36.3 | 51.9 | 252 | 658 | 298 | 84.0 | 63.6 | 511 | 936 | 458 |
Iran | 73.0 | 117 | 42.9 | 72.7 | 134 | 136 | 78.1 | 89.8 | 449 | 776 | 375 |
India | 16.6 | 79.0 | 112 | 103 | 171 | 567 | 78.7 | 18.6 | 908 | 682 | 334 |
Bahrain | 90.2 | 91.2 | 65.3 | 103 | 88.7 | 143 | 157 | 149 | 268 | 402 | 321 |
Qatar | 221 | 236 | 235 | 151 | 180 | 230 | 219 | 207 | 343 | 412 | 258 |
United Arab Emirates | 163 | 251 | 230 | 192 | 204 | 218 | 176 | 133 | 238 | 185 | 249 |
Others | 744 | 662 | 708 | 356 | 337 | 422 | 296 | 327 | 586 | 625 | 426 |
Total | 2,314 | 2,653 | 2,381 | 1,876 | 2,403 | 2,900 | 2,392 | 2,200 | 4,773 | 5,231 | 4,110 |
Imports by Country
In 2023, Russia (523K tons) constituted the largest aluminium and titanium supplier to Turkey, with a 31% share of total imports. Moreover, aluminium and titanium imports from Russia exceeded the figures recorded by the second-largest supplier, Kazakhstan (193K tons), threefold. Malaysia (189K tons) ranked third in terms of total imports with an 11% share.
From 2013 to 2023, the average annual growth rate of volume from Russia stood at +2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Kazakhstan (+12.8% per year) and Malaysia (+29.3% per year).
In value terms, Russia ($1.2B) constituted the largest supplier of aluminium and titanium to Turkey, comprising 30% of total imports. The second position in the ranking was held by Kazakhstan ($465M), with an 11% share of total imports. It was followed by Malaysia, with an 11% share.
From 2013 to 2023, the average annual rate of growth in terms of value from Russia stood at +3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Kazakhstan (+14.0% per year) and Malaysia (+31.9% per year).
Imports by Type
In 2023, aluminum and alloys (1.7M tons) was the main type of aluminium and titanium supplied to Turkey, accounting for a 99.9% share of total imports. It was followed by titanium sponge, powders, ingots and slabs (13 tons), with less than 0.1% share of total imports.
From 2013 to 2023, the average annual growth rate of the volume of aluminum and alloys imports stood at +4.2%.
In value terms, aluminum and alloys ($4.1B) constituted the largest type of aluminium and titanium supplied to Turkey, comprising 99.9% of total imports. The second position in the ranking was held by titanium sponge, powders, ingots and slabs ($630K), with less than 0.1% share of total imports.
Import Prices by Country
In 2023, the aluminium and titanium price stood at $2,432 per ton (CIF, Turkey), shrinking by -17.6% against the previous year. Overall, import price indicated a slight increase from 2013 to 2023: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 an increase of 43% against the previous year. The import price peaked at $2,950 per ton in 2022, and then shrank sharply in the following year.
Average prices varied noticeably amongst the major supplying countries. In 2023, amid the top importers, the countries with the highest prices were Qatar ($2,707 per ton) and the United Arab Emirates ($2,568 per ton), while the price for Tajikistan ($2,197 per ton) and Russia ($2,339 per ton) were amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by India (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.
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