Turkey: Smoothing Iron Market 2024

Smoothing Iron Market Size in Turkey

In 2021, the Turkish smoothing iron market was finally on the rise to reach $X for the first time since 2013, thus ending a seven-year declining trend. Over the period under review, consumption recorded a noticeable curtailment. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Smoothing Iron Production in Turkey

In value terms, smoothing iron production dropped to $X in 2021 estimated in export price. Overall, production, however, posted a modest expansion. The pace of growth appeared the most rapid in 2019 with an increase of 50%. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Smoothing Iron Exports

Exports from Turkey

In 2021, after four years of decline, there was significant growth in overseas shipments of electric smoothing irons, when their volume increased by 33% to X units. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 61% against the previous year. Over the period under review, the exports reached the maximum at X units in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, smoothing iron exports expanded sharply to $X in 2021. Over the period under review, exports, however, saw a noticeable slump. The most prominent rate of growth was recorded in 2014 when exports increased by 55% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Azerbaijan (X units), Romania (X units) and Iran (X units) were the main destinations of smoothing iron exports from Turkey, together comprising 44% of total exports. These countries were followed by Iraq, Turkmenistan, Tunisia, Serbia, Cyprus, Israel, Russia, Georgia, Argentina and Egypt, which together accounted for a further 29%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Tunisia (with a CAGR of +51.9%), while the other leaders experienced more modest paces of growth.

In value terms, Azerbaijan ($X), Iran ($X) and Turkmenistan ($X) appeared to be the largest markets for smoothing iron exported from Turkey worldwide, with a combined 51% share of total exports. These countries were followed by Iraq, Russia, Romania, Israel, Cyprus, Serbia, Georgia, Egypt, Tunisia and Argentina, which together accounted for a further 24%.

Tunisia, with a CAGR of +48.0%, 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 smoothing iron export price stood at $X per unit in 2021, waning by -16.1% against the previous year. Over the period under review, the export price saw a perceptible contraction. The most prominent rate of growth was recorded in 2017 when the average export price increased by 26% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Iran ($X per unit), while the average price for exports to Argentina ($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 Argentina (+53.5%), while the prices for the other major destinations experienced more modest paces of growth.

Smoothing Iron Imports

Imports into Turkey

In 2021, supplies from abroad of electric smoothing irons increased by 2.8% to X units for the first time since 2015, thus ending a five-year declining trend. In general, imports, however, continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2013 with an increase of 15%. Over the period under review, imports attained the maximum at X units in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, smoothing iron imports surged to $X in 2021. Over the period under review, imports, however, continue to indicate a perceptible shrinkage. The pace of growth appeared the most rapid in 2013 when imports increased by 45% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Romania (X units), China (X units) and France (X units) were the main suppliers of smoothing iron imports to Turkey, with a combined 83% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Romania (with a CAGR of +307.3%), while purchases for the other leaders experienced a decline.

In value terms, the largest smoothing iron suppliers to Turkey were Romania ($X), France ($X) and China ($X), together accounting for 86% of total imports.

Romania, with a CAGR of +307.8%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average smoothing iron import price stood at $X per unit in 2021, growing by 18% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.8%. The pace of growth was the most pronounced in 2013 an increase of 27%. As a result, import price reached the peak level of $X per unit. From 2014 to 2021, the average 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 Indonesia ($X per unit), while the price for Egypt ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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