Turkey: Market for Base Metal Automatic Door Closers 2024

Market Size for Base Metal Automatic Door Closers in Turkey

The Turkish metal automatic door closer market fell to $X in 2021, shrinking by -8.1% against the previous year. Over the period under review, the total consumption indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Metal automatic door closer consumption peaked at $X in 2020, and then reduced in the following year.

Production of Base Metal Automatic Door Closers in Turkey

In value terms, metal automatic door closer production expanded to $X in 2021 estimated in export price. In general, the total production indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -6.7% against 2018 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by 147% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Exports of Base Metal Automatic Door Closers

Exports from Turkey

Metal automatic door closer exports from Turkey surged to X tons in 2021, with an increase of 121% compared with 2020. Over the period under review, exports showed a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, metal automatic door closer exports surged to $X in 2021. In general, total exports indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Finland (X tons) was the main destination for metal automatic door closer exports from Turkey, with a 33% share of total exports. Moreover, metal automatic door closer exports to Finland exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), threefold. Uzbekistan (X tons) ranked third in terms of total exports with a 9.3% share.

From 2012 to 2021, the average annual growth rate of volume to Finland totaled +117.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+32.0% per year) and Uzbekistan (+59.5% per year).

In value terms, the largest markets for metal automatic door closer exported from Turkey were Finland ($X), the United Arab Emirates ($X) and Uzbekistan ($X), with a combined 49% share of total exports.

Finland, with a CAGR of +110.1%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average metal automatic door closer export price amounted to $X per ton, growing by 4.1% against the previous year. Overall, the export price, however, recorded a deep downturn. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Israel ($X per ton), while the average price for exports to North Macedonia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Greece (-1.8%), while the prices for the other major destinations experienced a decline.

Imports of Base Metal Automatic Door Closers

Imports into Turkey

In 2021, purchases abroad of base metal automatic door closers increased by 23% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +1.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 32%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, metal automatic door closer imports expanded markedly to $X in 2021. Overall, imports, however, recorded a noticeable setback. The growth pace was the most rapid in 2020 when imports increased by 29% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of metal automatic door closer to Turkey, accounting for a 85% share of total imports. Moreover, metal automatic door closer imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold. Singapore (X tons) ranked third in terms of total imports with a 4.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.2% per year) and Singapore (+13.4% per year).

In value terms, China ($X) constituted the largest supplier of base metal automatic door closers to Turkey, comprising 66% of total imports. The second position in the ranking was taken by Germany ($X), with a 10% share of total imports. It was followed by Singapore, with a 7.2% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-7.2% per year) and Singapore (+3.8% per year).

Import Prices by Country

The average metal automatic door closer import price stood at $X per ton in 2021, waning by -8.8% against the previous year. In general, the import price showed a noticeable decline. The pace of growth was the most pronounced in 2018 when the average import price increased by 5.7% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+21.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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