Turkey: Aluminium Market 2025

Aluminium Market Size in Turkey

The Turkish aluminium market reduced to $X in 2022, declining by -7.7% against the previous year. In general, consumption, however, recorded a prominent expansion. As a result, consumption reached the peak level of $X, and then shrank in the following year.

Aluminium Production in Turkey

In value terms, aluminium production fell sharply to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a significant increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by 329% against the previous year. Aluminium production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Aluminium Exports

Exports from Turkey

In 2022, approx. X tons of aluminum (unwrought, not alloyed) were exported from Turkey; picking up by 6,370% on the previous year's figure. Over the period under review, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, aluminium exports surged to $X in 2022. Overall, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Greece (X tons) was the main destination for aluminium exports from Turkey, accounting for a 74% share of total exports. Moreover, aluminium exports to Greece exceeded the volume sent to the second major destination, Bulgaria (X tons), sixfold. The third position in this ranking was taken by Italy (X tons), with a 4.9% share.

From 2017 to 2022, the average annual growth rate of volume to Greece totaled +436.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+58.6% per year) and Italy (+29.7% per year).

In value terms, Greece ($X) emerged as the key foreign market for aluminum (unwrought, not alloyed) exports from Turkey, comprising 75% of total exports. The second position in the ranking was held by Bulgaria ($X), with an 11% share of total exports. It was followed by Italy, with a 4.7% share.

From 2017 to 2022, the average annual growth rate of value to Greece amounted to +515.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+62.5% per year) and Italy (+35.6% per year).

Export Prices by Country

In 2022, the average aluminium export price amounted to $X per ton, rising by 11% against the previous year. Over the last five years, it increased at an average annual rate of +5.4%. The pace of growth was the most pronounced in 2021 when the average export price increased by 38%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Brazil ($X per ton) and Romania ($X per ton), while the average price for exports to Bulgaria ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Greece (+14.8%), while the prices for the other major destinations experienced more modest paces of growth.

Aluminium Imports

Imports into Turkey

In 2022, imports of aluminum (unwrought, not alloyed) into Turkey contracted to X tons, which is down by -9.3% on the year before. Overall, imports, however, posted resilient growth. The growth pace was the most rapid in 2021 with an increase of 71%. As a result, imports reached the peak of X tons, and then dropped in the following year.

In value terms, aluminium imports amounted to $X in 2022. In general, imports, however, enjoyed a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of 151%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.

Imports by Country

Russia (X tons), Malaysia (X tons) and Iran (X tons) were the main suppliers of aluminium imports to Turkey, together accounting for 68% of total imports. India, Oman, Tajikistan, Kazakhstan and Azerbaijan lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +33.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Malaysia ($X) and Iran ($X) were the largest aluminium suppliers to Turkey, with a combined 67% share of total imports. India, Oman, Kazakhstan, Tajikistan and Azerbaijan lagged somewhat behind, together comprising a further 30%.

Among the main suppliers, India, with a CAGR of +37.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average aluminium import price amounted to $X per ton, picking up by 11% against the previous year. Overall, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, aluminium import price increased by +62.6% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 47% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Kazakhstan ($X per ton) and Malaysia ($X per ton), while the price for Azerbaijan ($X per ton) and Russia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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