Turkey: Metal Castor Mounting Market 2025

Metal Castor Mounting Market Size in Turkey

After three years of decline, the Turkish metal castor mounting market increased by 1.6% to $X in 2022. Over the period under review, consumption saw a strong expansion. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Metal Castor Mounting Production in Turkey

In value terms, metal castor mounting production fell significantly to $X in 2022 estimated in export price. Over the period under review, production showed a prominent increase. The most prominent rate of growth was recorded in 2018 with an increase of 156% against the previous year. Metal castor mounting production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Metal Castor Mounting Exports

Exports from Turkey

In 2022, shipments abroad of castors with mountings of base metal increased by 1.9% to X tons, rising for the third consecutive year after two years of decline. In general, exports recorded a strong increase. The growth pace was the most rapid in 2013 when exports increased by 57%. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, metal castor mounting exports expanded markedly to $X in 2022. Over the period under review, exports posted a resilient expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 64% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

Russia (X tons), Slovakia (X tons) and Egypt (X tons) were the main destinations of metal castor mounting exports from Turkey, together comprising 28% of total exports. Bulgaria, the Netherlands, Germany, Iran, Algeria, Azerbaijan, Tunisia, Romania, the UK and Libya lagged somewhat behind, together comprising a further 41%.

From 2012 to 2022, the biggest increases were recorded for Algeria (with a CAGR of +58.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Slovakia ($X) and Germany ($X) appeared to be the largest markets for metal castor mounting exported from Turkey worldwide, together accounting for 30% of total exports. Bulgaria, Iran, the Netherlands, Algeria, Egypt, Tunisia, the UK, Libya, Romania and Azerbaijan lagged somewhat behind, together comprising a further 36%.

Algeria, with a CAGR of +57.0%, saw 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 metal castor mounting export price stood at $X per ton in 2022, rising by 6.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.0%. The growth pace was the most rapid in 2021 when the average export price increased by 24% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Azerbaijan ($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 Germany (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Castor Mounting Imports

Imports into Turkey

In 2022, overseas purchases of castors with mountings of base metal decreased by -16.7% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports recorded a mild contraction. The pace of growth appeared the most rapid in 2013 with an increase of 32%. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, metal castor mounting imports fell to $X in 2022. Overall, total imports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +45.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 58%. As a result, imports attained the peak of $X, and then contracted in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest metal castor mounting supplier to Turkey, with a 79% share of total imports. Moreover, metal castor mounting imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), tenfold. The Czech Republic (X tons) ranked third in terms of total imports with a 1.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at -1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+1.4% per year) and the Czech Republic (+90.9% per year).

In value terms, China ($X) constituted the largest supplier of castors with mountings of base metal to Turkey, comprising 60% of total imports. The second position in the ranking was held by Germany ($X), with a 12% share of total imports. It was followed by Italy, with a 4.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-1.0% per year) and Italy (+2.2% per year).

Import Prices by Country

The average metal castor mounting import price stood at $X per ton in 2022, rising by 6% against the previous year. In general, import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal castor mounting import price increased by +81.6% against 2017 indices. The pace of growth was the most pronounced in 2021 an increase of 45% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

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 2022, the most notable rate of growth in terms of prices was attained by Italy (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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