Turkey: Market for Ferro-Cerium And Pyrophoric Alloys 2024

Market Size for Ferro-Cerium And Pyrophoric Alloys in Turkey

The Turkish ferro-cerium and pyrophoric alloys market dropped modestly to $X in 2021, stabilizing at the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Production of Ferro-Cerium And Pyrophoric Alloys in Turkey

In value terms, ferro-cerium and pyrophoric alloys production contracted to $X in 2021 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 22%. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

Exports of Ferro-Cerium And Pyrophoric Alloys

Exports from Turkey

After two years of decline, overseas shipments of ferro-cerium and pyrophoric alloys increased by 2.3% to X tons in 2021. In general, exports recorded temperate growth. The growth pace was the most rapid in 2015 when exports increased by 376% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, ferro-cerium and pyrophoric alloys exports reduced slightly to $X in 2021. Overall, exports continue to indicate a temperate expansion. The pace of growth was the most pronounced in 2015 with an increase of 397% against the previous year. 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 tons), Greece (X tons) and Germany (X tons) were the main destinations of ferro-cerium and pyrophoric alloys exports from Turkey, together comprising 43% of total exports. These countries were followed by Portugal, Slovenia, Switzerland, the UK, Spain, Hungary, the United States, Austria, Morocco and Cyprus, which together accounted for a further 39%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +56.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ferro-cerium and pyrophoric alloys exported from Turkey were Germany ($X), Israel ($X) and Greece ($X), with a combined 42% share of total exports. Switzerland, Portugal, Slovenia, the UK, Spain, Austria, Hungary, the United States, Morocco and Cyprus lagged somewhat behind, together comprising a further 42%.

The UK, with a CAGR of +65.9%, 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

In 2021, the average ferro-cerium and pyrophoric alloys export price amounted to $X per ton, falling by -5.3% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 28%. As a result, the export price attained the peak level of $X per ton, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Cyprus ($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 United States (+11.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Ferro-Cerium And Pyrophoric Alloys

Imports into Turkey

In 2021, after three years of growth, there was significant decline in supplies from abroad of ferro-cerium and pyrophoric alloys, when their volume decreased by -71.4% to X tons. In general, imports saw a sharp downturn. The pace of growth appeared the most rapid in 2019 when imports increased by 189%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, ferro-cerium and pyrophoric alloys imports declined significantly to $X in 2021. Over the period under review, imports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 30%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Iran (X tons), Serbia (X tons) and China (X tons) were the main suppliers of ferro-cerium and pyrophoric alloys imports to Turkey, together accounting for 57% of total imports. Germany, the United States, Bulgaria, France and Poland lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +42.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ferro-cerium and pyrophoric alloys suppliers to Turkey were China ($X), Serbia ($X) and the United States ($X), with a combined 54% share of total imports. These countries were followed by Germany, Bulgaria, France, Poland and Iran, which together accounted for a further 25%.

In terms of the main suppliers, France, with a CAGR of +43.5%, recorded 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 ferro-cerium and pyrophoric alloys import price amounted to $X per ton, surging by 162% against the previous year. Over the period under review, the import price enjoyed a remarkable increase. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Free Zones (+13.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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