Turkey: Cored Arc-Welding Wire Market 2025

Cored Arc-Welding Wire Market Size in Turkey

In 2021, the Turkish cored arc-welding wire market increased by 5.6% to $X for the first time since 2017, thus ending a three-year declining trend. Over the period under review, consumption, however, continues to indicate a perceptible reduction. Cored arc-welding wire consumption peaked at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Cored Arc-Welding Wire Production in Turkey

In value terms, cored arc-welding wire production rose markedly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a noticeable setback. The most prominent rate of growth was recorded in 2014 when the production volume increased by 22%. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Cored Arc-Welding Wire Exports

Exports from Turkey

In 2021, approx. X tons of cored arc-welding wire were exported from Turkey; shrinking by -9.1% on the previous year's figure. Overall, exports, however, showed a resilient expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 65%. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, cored arc-welding wire exports surged to $X in 2021. Over the period under review, total exports indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +59.8% against 2019 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 59%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

North Macedonia (X tons), Russia (X tons) and Egypt (X tons) were the main destinations of cored arc-welding wire exports from Turkey, with a combined 47% share of total exports. Portugal, the UK, Serbia, Azerbaijan, the Philippines, South Africa, Belarus, Bulgaria, Uzbekistan and Romania lagged somewhat behind, together comprising a further 34%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belarus (with a CAGR of +211.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cored arc-welding wire exported from Turkey were Russia ($X), North Macedonia ($X) and Egypt ($X), with a combined 36% share of total exports. The UK, Portugal, Serbia, Azerbaijan, South Africa, the Philippines, Uzbekistan, Belarus, Bulgaria and Romania lagged somewhat behind, together comprising a further 38%.

In terms of the main countries of destination, the Philippines, with a CAGR of +189.7%, saw the highest rates of growth with regard to 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 2021, the average cored arc-welding wire export price amounted to $X per ton, jumping by 28% against the previous year. Overall, the export price, however, showed a noticeable setback. Over the period under review, the average export prices attained the maximum at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while the average price for exports to North Macedonia ($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 the Philippines (+13.5%), while the prices for the other major destinations experienced more modest paces of growth.

Cored Arc-Welding Wire Imports

Imports into Turkey

In 2021, approx. X tons of cored arc-welding wire were imported into Turkey; with a decrease of -6.1% on the previous year's figure. The total import volume increased at an average annual rate of +3.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when imports increased by 48%. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, cored arc-welding wire imports expanded notably to $X in 2021. The total import value increased at an average annual rate of +3.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 36%. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, South Korea (X tons) constituted the largest cored arc-welding wire supplier to Turkey, with a 58% share of total imports. Moreover, cored arc-welding wire imports from South Korea exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), fourfold. Poland (X tons) ranked third in terms of total imports with a 7% share.

From 2012 to 2021, the average annual growth rate of volume from South Korea amounted to +22.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (-5.9% per year) and Poland (-7.6% per year).

In value terms, South Korea ($X) constituted the largest supplier of cored arc-welding wire to Turkey, comprising 50% of total imports. The second position in the ranking was taken by Germany ($X), with a 13% share of total imports. It was followed by Vietnam, with an 8.5% share.

From 2012 to 2021, the average annual growth rate of value from South Korea totaled +18.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+9.4% per year) and Vietnam (-6.3% per year).

Import Prices by Country

The average cored arc-welding wire import price stood at $X per ton in 2021, rising by 18% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+2.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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