Turkey - Spools, Cops And Similar Supports Of Plastics - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTurkey's Plastic Support Exports Surge to $220 Million in 2023
Turkey Plastic Support Exports
In 2023, after two years of growth, there was decline in overseas shipments of spools, cops and similar supports of plastics, when their volume decreased by -1.2% to 56K tons. The total export volume increased at an average annual rate of +4.7% over the period from 2013 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 when exports increased by 14% against the previous year. The exports peaked at 56K tons in 2022, and then shrank modestly in the following year.
In value terms, plastic support exports stood at $220M (IndexBox estimates) in 2023. Overall, total exports indicated a prominent increase from 2013 to 2023: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by +64.8% against 2016 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 22%. The exports peaked in 2023 and are expected to retain growth in the near future.
| COUNTRY | Export Value of Plastic Support in Turkey (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| Iraq | 16.2 | 14.9 | 13.7 | 13.1 | 15.1 | 13.7 | 15.9 | 16.7 | 22.5 | 21.6 | 18.4 |
| Germany | 6.2 | 7.3 | 7.9 | 7.7 | 9.1 | 10.4 | 11.5 | 12.5 | 13.4 | 13.2 | 13.2 |
| Greece | 4.7 | 4.7 | 4.0 | 4.9 | 6.8 | 8.2 | 7.7 | 6.8 | 9.1 | 9.0 | 10.8 |
| United Kingdom | 1.0 | 1.5 | 2.1 | 2.5 | 3.2 | 4.1 | 6.4 | 7.8 | 8.9 | 8.0 | 10.0 |
| Poland | 1.0 | 0.7 | 1.1 | 1.6 | 1.4 | 1.4 | 3.3 | 3.8 | 4.1 | 5.2 | 7.8 |
| Libya | 5.6 | 6.5 | 6.2 | 3.5 | 4.2 | 4.7 | 3.8 | 4.5 | 6.9 | 7.9 | 7.0 |
| Morocco | 1.1 | 1.3 | 1.4 | 1.5 | 2.5 | 3.0 | 4.6 | 5.9 | 6.4 | 6.3 | 7.0 |
| Iran | 7.7 | 12.1 | 8.6 | 5.8 | 5.4 | 4.6 | 5.4 | 3.7 | 5.3 | 6.0 | 5.9 |
| Egypt | 4.2 | 5.1 | 5.8 | 5.5 | 7.4 | 6.6 | 6.0 | 5.4 | 6.6 | 5.1 | 4.7 |
| Others | 77.9 | 90.7 | 85.7 | 87.4 | 93.7 | 111 | 110 | 102 | 122 | 137 | 135 |
| Total | 126 | 145 | 137 | 134 | 149 | 168 | 175 | 169 | 206 | 219 | 220 |
Exports by Country
Iraq (5.2K tons), Germany (3.9K tons) and Greece (3.5K tons) were the main destinations of plastic support exports from Turkey, together comprising 23% of total exports. the UK, Morocco, Poland, Libya, Egypt and Iran lagged somewhat behind, together accounting for a further 17%.
From 2013 to 2023, the biggest increases were recorded for Morocco (with a CAGR of +24.7%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, Iraq ($18M), Germany ($13M) and Greece ($11M) were the largest markets for plastic support exported from Turkey worldwide, with a combined 19% share of total exports. the UK, Poland, Morocco, Libya, Iran and Egypt lagged somewhat behind, together comprising a further 19%.
In terms of the main countries of destination, the UK, with a CAGR of +25.9%, saw 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.
Exports by Type
Plastic stoppers, caps and closures (53K tons) was the largest type of spools, cops and similar supports of plastics exported from Turkey, accounting for a 95% share of total exports. Moreover, plastic stoppers, caps and closures exceeded the volume of the second product type, spools, cops, bobbins and similar supports of plastics (2.8K tons), more than tenfold.
From 2013 to 2023, the average annual rate of growth in terms of the volume of plastic stoppers, caps and closures exports totaled +5.1%.
In value terms, plastic stoppers, caps and closures ($207M) remains the largest type of spools, cops and similar supports of plastics exported from Turkey, comprising 94% of total exports. The second position in the ranking was taken by spools, cops, bobbins and similar supports of plastics ($13M), with a 6.1% share of total exports.
From 2013 to 2023, the average annual rate of growth in terms of the value of plastic stoppers, caps and closures exports totaled +6.1%.
Export Prices by Country
In 2023, the plastic support price stood at $3,955 per ton (FOB, Turkey), growing by 1.8% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2021 an increase of 9.9%. Over the period under review, the average export prices attained the peak figure in 2023 and is likely to continue growth in years to come.
There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Serbia ($5,252 per ton), while the average price for exports to Greece ($3,076 per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the plastic support 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 22221910 - Spools, cops, bobbins and similar supports, of plastics
- Prodcom 22221920 - Plastic caps and capsules for bottles
- Prodcom 22221930 - Plastic stoppers, lids, caps and other closures (excluding for bottles)
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- 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
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- 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, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- 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 Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- 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 Of Destination, 2012–2024
