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Nov 2, 2024

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.Turkey Aluminium and Titanium Imports By Country (Million USD)

COUNTRYImport Value of Aluminium and Titanium in Turkey (million USD)
20132014201520162017201820192020202120222023
Russia8521,0888756065757091,0811,0081,2211,1111,224
Kazakhstan12591.760.341.155.1177223203250101465
Malaysia28.836.351.925265829884.063.6511936458
Iran73.011742.972.713413678.189.8449776375
India16.679.011210317156778.718.6908682334
Bahrain90.291.265.310388.7143157149268402321
Qatar221236235151180230219207343412258
United Arab Emirates163251230192204218176133238185249
Others744662708356337422296327586625426
Total2,3142,6532,3811,8762,4032,9002,3922,2004,7735,2314,110

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.

Source: IndexBox Market Intelligence Platform

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption In 2012-2024
    5. Imports, In Physical Terms, By Country, 2012–2024
    6. Imports, In Value Terms, By Country, 2012–2024
    7. Import Prices, By Country Of Origin, 2012–2024
    8. Exports, In Physical Terms, By Country, 2012–2024
    9. Exports, In Value Terms, By Country, 2012–2024
    10. Export Prices, By Country Of Destination, 2012–2024

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
    5. Trade Balance, In Physical Terms, 2012-2024
    6. Trade Balance, In Value Terms, 2012-2024
    7. Per Capita Consumption, 2012-2024
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2024
    22. Production, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, 2012–2024
    24. Imports, In Value Terms, 2012–2024
    25. Imports, In Physical Terms, By Country, 2024
    26. Imports, In Physical Terms, By Country, 2012–2024
    27. Imports, In Value Terms, By Country, 2012–2024
    28. Import Prices, By Country Of Origin, 2012–2024
    29. Exports, In Physical Terms, 2012–2024
    30. Exports, In Value Terms, 2012–2024
    31. Exports, In Physical Terms, By Country, 2024
    32. Exports, In Physical Terms, By Country, 2012–2024
    33. Exports, In Value Terms, By Country, 2012–2024
    34. Export Prices, By Country Of Destination, 2012–2024

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