Turkey: Extruded Rod Market 2022

Extruded Rod Market Size in Turkey

The Turkish extruded rod market was estimated at $X in 2021, remaining relatively unchanged against the previous year. Over the period under review, consumption, however, continues to indicate a abrupt setback. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Extruded Rod Production in Turkey

In value terms, extruded rod production amounted to $X in 2021 estimated in export price. In general, production, however, continues to indicate a abrupt slump. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Extruded Rod Exports

Exports from Turkey

In 2021, approx. X tons of extruded rods and profile shapes of cellular vulcanised rubber were exported from Turkey; with an increase of X% compared with the year before. Overall, exports, however, recorded a deep reduction. The growth pace was the most rapid in 2019 with an increase of X%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, extruded rod exports soared to $X in 2021. Over the period under review, exports, however, continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for extruded rod exports from Turkey, with a X% share of total exports. Moreover, extruded rod exports to Germany exceeded the volume sent to the second major destination, the UK (X tons), threefold. Poland (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+X% per year) and Poland (-X% per year).

In value terms, Germany ($X) remains the key foreign market for extruded rod exports from Turkey, comprising X% of total exports. The second position in the ranking was taken by the UK ($X), with an X% share of total exports. It was followed by the Netherlands, with a X% share.

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

Export Prices by Country

In 2021, the average extruded rod export price amounted to $X per ton, rising by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

Extruded Rod Imports

Imports into Turkey

Extruded rod imports into Turkey dropped to X tons in 2021, reducing by -X% against the year before. Over the period under review, imports showed a slight descent. The pace of growth was the most pronounced in 2016 when imports increased by X%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, extruded rod imports dropped to $X in 2021. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Poland (X tons) constituted the largest supplier of extruded rod to Turkey, with a X% share of total imports. Moreover, extruded rod imports from Poland exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was taken by Sweden (X tons), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Poland amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and Sweden (+X% per year).

In value terms, Poland ($X), Germany ($X) and China ($X) appeared to be the largest extruded rod suppliers to Turkey, together accounting for X% of total imports.

China, with a CAGR of +X%, saw 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 more modest paces of growth.

Import Prices by Country

The average extruded rod import price stood at $X per ton in 2021, dropping by -X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of X% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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