Turkey - Cards Incorporating A Magnetic Stripe - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTurkey: Magnetic Card Market 2024
Magnetic Card Market Size in Turkey
The Turkish magnetic card market skyrocketed to $X in 2021, picking up by 17% against the previous year. In general, consumption continues to indicate a deep slump. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.
Magnetic Card Production in Turkey
In value terms, magnetic card production stood at $X in 2021 estimated in export price. In general, production, however, continues to indicate a precipitous slump. The most prominent rate of growth was recorded in 2014 when the production volume increased by 208%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.
Magnetic Card Exports
Exports from Turkey
In 2021, after two years of decline, there was significant growth in shipments abroad of cards incorporating a magnetic stripe, when their volume increased by 92% to X units. In general, exports enjoyed a perceptible expansion. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2021, the exports failed to regain momentum.
In value terms, magnetic card exports expanded remarkably to $X in 2021. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when exports increased by 137%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.
Exports by Country
Israel (X units) was the main destination for magnetic card exports from Turkey, with a 50% share of total exports. Moreover, magnetic card exports to Israel exceeded the volume sent to the second major destination, Cyprus (X units), fivefold. Denmark (X units) ranked third in terms of total exports with a 9.9% share.
From 2012 to 2021, the average annual rate of growth in terms of volume to Israel stood at +34.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (+12.6% per year) and Denmark (+123.5% per year).
In value terms, Nigeria ($X), Cyprus ($X) and Denmark ($X) constituted the largest markets for magnetic card exported from Turkey worldwide, with a combined 43% share of total exports.
Nigeria, with a CAGR of +166.6%, recorded the highest growth rate of the value of exports, among 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
The average magnetic card export price stood at $X per unit in 2021, waning by -45.1% against the previous year. Overall, the export price saw a noticeable setback. The most prominent rate of growth was recorded in 2017 an increase of 35%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Nigeria ($X per unit), while the average price for exports to Israel (less than $X per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (+17.5%), while the prices for the other major destinations experienced mixed trend patterns.
Magnetic Card Imports
Imports into Turkey
In 2021, the amount of cards incorporating a magnetic stripe imported into Turkey shrank to X units, waning by -9.9% compared with 2020 figures. Overall, imports showed a abrupt setback. The growth pace was the most rapid in 2019 with an increase of 112%. Over the period under review, imports hit record highs at X units in 2016; however, from 2017 to 2021, imports remained at a lower figure.
In value terms, magnetic card imports surged to $X in 2021. In general, imports continue to indicate a abrupt slump. The growth pace was the most rapid in 2019 with an increase of 70%. Imports peaked at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.
Imports by Country
In 2021, Germany (X units) constituted the largest magnetic card supplier to Turkey, with a 87% share of total imports. Moreover, magnetic card imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X units), more than tenfold. The third position in this ranking was taken by the United States (X units), with a 2.2% share.
From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at -10.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+23.0% per year) and the United States (+19.2% per year).
In value terms, Germany ($X) constituted the largest supplier of cards incorporating a magnetic stripe to Turkey, comprising 62% of total imports. The second position in the ranking was taken by the United States ($X), with a 16% share of total imports. It was followed by Italy, with a 9.3% share.
From 2012 to 2021, the average annual growth rate of value from Germany amounted to -6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+25.1% per year) and Italy (+8.7% per year).
Import Prices by Country
The average magnetic card import price stood at $X per thousand units in 2021, with an increase of 74% against the previous year. Over the period under review, import price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per thousand units), while the price for Germany ($X per thousand units) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+48.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the magnetic card market in Turkey. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 26801400 - Cards incorporating a magnetic stripe
Country coverage:
- Turkey
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Turkey
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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