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Turkey - Concrete Reinforcing Bars - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Jun 1, 2025

Turkey - Concrete Reinforcing Bars - Market Analysis, Forecast, Size, Trends And Insights

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Jul 21, 2024

Turkey's Export of Concrete Reinforcing Bar Falls Sharply to $2.3B in 2023

Turkey Concrete Reinforcing Bar Exports

Concrete reinforcing bar exports from Turkey shrank rapidly to 3.7M tons in 2023, reducing by -35.8% against the year before. Overall, exports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2021 with an increase of 26%. The exports peaked at 8.2M tons in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.

In value terms, concrete reinforcing bar exports shrank notably to $2.3B (IndexBox estimates) in 2023. In general, exports showed a abrupt contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 85%. Over the period under review, the exports reached the peak figure at $4.8B in 2013; however, from 2014 to 2023, the exports remained at a lower figure.Turkey Concrete Reinforcing Bar Exports By Country (Million USD)

COUNTRYExport Value of Concrete Reinforcing Bar in Turkey (million USD)
20132014201520162017201820192020202120222023
Israel313343196269326409411401776752455
Yemen355356127214319424449363548495451
Ethiopia15213312369.480.912614272.742.275.9157
Cyprus30.834.829.238.357.861.740.129.849.969.886.3
Panama86.019.05.05.661.281.063.820.563.688.476.9
Jamaica19.227.61.40.230.747.558.549.111912071.2
Senegal7.39.13.615.922.234.640.144.712213068.1
United States36152356353131218856.322919428656.2
Iraq94844227414299.278.856.674.394.690.539.9
United Arab Emirates59771452340856.24.44.85.27.83.20.8
Singapore8.41.10.40.218419625912039970.90.3
Others1,9491,7231,2279651,0301,7051,2091,1512,3302,019828
Total4,8274,3273,0722,6582,5783,3572,7902,5604,7474,2002,291

Exports by Country

Yemen (750K tons), Israel (736K tons) and Ethiopia (247K tons) were the main destinations of concrete reinforcing bar exports from Turkey, with a combined 47% share of total exports. Cyprus, Panama, Jamaica, Senegal, the United States, Iraq, the United Arab Emirates and Singapore lagged somewhat behind, together accounting for a further 17%.

From 2013 to 2023, the biggest increases were recorded for Senegal (with a CAGR of +24.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for concrete reinforcing bar exported from Turkey were Israel ($455M), Yemen ($451M) and Ethiopia ($157M), with a combined 46% share of total exports. Cyprus, Panama, Jamaica, Senegal, the United States, Iraq, the United Arab Emirates and Singapore lagged somewhat behind, together accounting for a further 17%.

In terms of the main countries of destination, Senegal, with a CAGR of +25.1%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the concrete reinforcing bar price amounted to $625 per ton (FOB, Turkey), which is down by -15% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 47%. Over the period under review, the average export prices reached the maximum at $736 per ton in 2022, and then dropped sharply in the following year.

Average prices varied somewhat for the major external markets. In 2023, amid the top suppliers, the countries with the highest prices were Jamaica ($662 per ton) and Panama ($661 per ton), while the average price for exports to Syrian Arab Republic ($518 per ton) and Romania ($579 per ton) were amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Panama (+1.4%), while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the concrete reinforcing bar 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 2410T241 - Concrete reinforcing bars
  • Prodcom 24106210 - Hot-rolled concrete reinforcing bars

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND THE 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 TRENDSThis Chapter is Available Only for the Professional EditionPRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and its Prospects

    1. MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    3. TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    4. PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    5. MARKET FORECAST TO 2035

  4. 4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION

    Finding New Products to Diversify Your Business

    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCTS
    4. MOST TRADED PRODUCTS
    5. MOST PROFITABLE PRODUCTS FOR EXPORTS

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    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 Export

    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: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
    3. IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
    3. EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

  11. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    3. Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
    4. Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
    5. Imports, In Physical Terms, By Country, 2012–2024
    6. Imports, In Value Terms, By Country, 2012–2024
    7. Import Prices, By Country, 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, 2012–2024

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    2. Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
    3. Market Structure – Domestic Supply vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    4. Market Structure – Domestic Supply vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    5. Trade Balance, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    6. Trade Balance, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    7. Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
    8. Market Volume Forecast to 2035
    9. Market Value Forecast to 2035
    10. Market Size and Growth, By Product
    11. Average Per Capita Consumption, By Product
    12. Exports and Growth, By Product
    13. Export Prices and Growth, By Product
    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: Historical Data (2012–2024) and Forecast (2025–2035)
    22. Production, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    23. Imports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    24. Imports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    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, 2012–2024
    29. Exports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    30. Exports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    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, 2012–2024

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