Turkey: Agglomerated Powder Rod Market 2025

Agglomerated Powder Rod Market Size in Turkey

The Turkish agglomerated powder rod market reduced notably to $X in 2021, waning by -41.4% against the previous year. Over the period under review, consumption faced a deep downturn. The pace of growth appeared the most rapid in 2018 when the market value increased by 4.8% against the previous year. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Agglomerated Powder Rod Production in Turkey

In value terms, agglomerated powder rod production stood at $X in 2021 estimated in export price. Over the period under review, production, however, saw a pronounced descent. Agglomerated powder rod production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Agglomerated Powder Rod Exports

Exports from Turkey

In 2021, the amount of base metal wire and rods of agglomerated base powder exported from Turkey surged to X tons, with an increase of 155% compared with 2020 figures. Over the period under review, exports showed a noticeable increase. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, agglomerated powder rod exports surged to $X in 2021. In general, exports posted buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Romania (X tons) was the main destination for agglomerated powder rod exports from Turkey, accounting for a 27% share of total exports. Moreover, agglomerated powder rod exports to Romania exceeded the volume sent to the second major destination, Egypt (X tons), threefold. The third position in this ranking was taken by Italy (X tons), with a 9.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Romania stood at +6.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (+43.7% per year) and Italy (+26.5% per year).

In value terms, Romania ($X) remains the key foreign market for base metal wire and rods of agglomerated base powder exports from Turkey, comprising 38% of total exports. The second position in the ranking was held by Egypt ($X), with a 14% share of total exports. It was followed by Germany, with an 8.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Romania stood at +11.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (+29.2% per year) and Germany (-4.4% per year).

Export Prices by Country

The average agglomerated powder rod export price stood at $X per ton in 2021, leveling off at the previous year. Overall, export price indicated a notable increase from 2012 to 2021: its price increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, agglomerated powder rod export price increased by +73.9% against 2015 indices. The most prominent rate of growth was recorded in 2016 an increase of 22%. The export price peaked at $X per ton in 2020, and then shrank in the following year.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Portugal ($X per ton), while the average price for exports to the United Arab Emirates ($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 Thailand (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.

Agglomerated Powder Rod Imports

Imports into Turkey

After three years of decline, overseas purchases of base metal wire and rods of agglomerated base powder increased by 233% to X tons in 2021. Overall, imports, however, recorded a deep setback. The growth pace was the most rapid in 2017 with an increase of 350%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, agglomerated powder rod imports skyrocketed to $X in 2021. In general, imports, however, recorded a pronounced curtailment. The pace of growth appeared the most rapid in 2017 when imports increased by 214%. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Italy (X tons) constituted the largest supplier of agglomerated powder rod to Turkey, with a 47% share of total imports. Moreover, agglomerated powder rod imports from Italy exceeded the figures recorded by the second-largest supplier, Sweden (X tons), sixfold. The third position in this ranking was held by Austria (X tons), with an 8.3% share.

From 2012 to 2021, the average annual growth rate of volume from Italy totaled -19.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+69.2% per year) and Austria (+36.5% per year).

In value terms, Switzerland ($X), Japan ($X) and Germany ($X) constituted the largest agglomerated powder rod suppliers to Turkey, with a combined 61% share of total imports.

Among the main suppliers, Japan, with a CAGR of +67.6%, saw the highest rates of growth with regard to 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 2021, the average agglomerated powder rod import price amounted to $X per ton, which is down by -33% against the previous year. In general, the import price, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2020 when the average import price increased by 163%. As a result, import price reached the peak level of $X per ton, and then declined rapidly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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