Turkey: Market for Base Metal Fittings For Loose-Leaf Binders Or Files 2024

Market Size for Base Metal Fittings For Loose-Leaf Binders Or Files in Turkey

In 2022, the Turkish loose-leaf binder metal fitting market increased by 4.3% to $X, rising for the second year in a row after two years of decline. Overall, consumption recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Exports of Base Metal Fittings For Loose-Leaf Binders Or Files

Exports from Turkey

Loose-leaf binder metal fitting exports from Turkey rose to X tons in 2022, growing by 3% against the previous year's figure. Overall, exports, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2020 with an increase of 133% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, loose-leaf binder metal fitting exports contracted to $X in 2022. In general, exports, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 149%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Bulgaria (X tons) was the main destination for loose-leaf binder metal fitting exports from Turkey, accounting for a 44% share of total exports. Moreover, loose-leaf binder metal fitting exports to Bulgaria exceeded the volume sent to the second major destination, Germany (X tons), threefold. The third position in this ranking was taken by Ukraine (X tons), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to Bulgaria stood at +1.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+20.7% per year) and Ukraine (+16.7% per year).

In value terms, Germany ($X), Bulgaria ($X) and Ukraine ($X) were the largest markets for loose-leaf binder metal fitting exported from Turkey worldwide, together accounting for 45% of total exports. Israel, Tunisia, Azerbaijan, Cyprus, Serbia, Italy, Belarus and Bosnia and Herzegovina lagged somewhat behind, together accounting for a further 26%.

In terms of the main countries of destination, Israel, with a CAGR of +178.1%, 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

The average loose-leaf binder metal fitting export price stood at $X per ton in 2022, declining by -16.5% against the previous year. In general, export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, loose-leaf binder metal fitting export price increased by +50.5% against 2017 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by 32%. The export price peaked at $X per ton in 2021, and then reduced sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Israel ($X per ton), while the average price for exports to Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Israel (+45.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Base Metal Fittings For Loose-Leaf Binders Or Files

Imports into Turkey

In 2022, imports of base metal fittings for loose-leaf binders or files into Turkey fell to X tons, dropping by -6.5% compared with 2021. In general, imports continue to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 12% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, loose-leaf binder metal fitting imports expanded rapidly to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 16% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Slovenia (X tons) constituted the largest loose-leaf binder metal fitting supplier to Turkey, with a 83% share of total imports. Moreover, loose-leaf binder metal fitting imports from Slovenia exceeded the figures recorded by the second-largest supplier, Italy (X tons), eightfold.

From 2012 to 2022, the average annual growth rate of volume from Slovenia amounted to +16.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+48.2% per year) and China (-27.9% per year).

In value terms, Slovenia ($X) constituted the largest supplier of base metal fittings for loose-leaf binders or files to Turkey, comprising 83% of total imports. The second position in the ranking was taken by Italy ($X), with a 10% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Slovenia totaled +17.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+45.3% per year) and China (-26.6% per year).

Import Prices by Country

In 2022, the average loose-leaf binder metal fitting import price amounted to $X per ton, picking up by 13% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Slovenia ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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