Report Update Feb 1, 2025

Turkey - Flat-Rolled Products of Silicon-Electrical Steel - Market Analysis, Forecast, Size, Trends and Insights

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Turkey: Market for Flat-Rolled Products Of Silicon-Electrical Steel 2025

Market Size for Flat-Rolled Products Of Silicon-Electrical Steel in Turkey

In 2021, after two years of decline, there was significant growth in the Turkish silicon-electrical steel flat-rolled product market, when its value increased by 128% to $X. In general, consumption continues to indicate a noticeable expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Flat-Rolled Products Of Silicon-Electrical Steel in Turkey

In value terms, silicon-electrical steel flat-rolled product production skyrocketed to $X in 2021 estimated in export price. In general, production, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2018 when the production volume increased by 79%. Silicon-electrical steel flat-rolled product production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Flat-Rolled Products Of Silicon-Electrical Steel

Exports from Turkey

After two years of decline, shipments abroad of flat-rolled products of silicon-electrical steel increased by 192% to X tons in 2021. Overall, exports showed significant growth. The growth pace was the most rapid in 2015 when exports increased by 453%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

In value terms, silicon-electrical steel flat-rolled product exports surged to $X in 2021. Over the period under review, exports recorded a significant increase. The pace of growth appeared the most rapid in 2015 when exports increased by 635% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the near future.

Exports by Country

Romania (X tons) was the main destination for silicon-electrical steel flat-rolled product exports from Turkey, with a 88% share of total exports. It was followed by Iran (X tons), with a 1.6% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Romania stood at +250.4%.

In value terms, Romania ($X) remains the key foreign market for flat-rolled products of silicon-electrical steel exports from Turkey, comprising 73% of total exports. The second position in the ranking was taken by Iran ($X), with a 1.4% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Romania stood at +246.5%.

Export Prices by Country

In 2021, the average silicon-electrical steel flat-rolled product export price amounted to $X per ton, surging by 36% against the previous year. Over the period under review, the export price, however, saw a abrupt shrinkage. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Iran ($X per ton), while the average price for exports to Romania amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Romania (-1.1%).

Imports of Flat-Rolled Products Of Silicon-Electrical Steel

Imports into Turkey

In 2021, approx. X tons of flat-rolled products of silicon-electrical steel were imported into Turkey; picking up by 146% on the year before. Overall, imports continue to indicate a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, silicon-electrical steel flat-rolled product imports surged to $X in 2021. In general, imports posted buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Russia (X tons), China (X tons) and Japan (X tons) were the main suppliers of silicon-electrical steel flat-rolled product imports to Turkey, together comprising 72% of total imports. These countries were followed by South Korea, Romania, India and Germany, which together accounted for a further 21%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +96.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Russia ($X) and Japan ($X) appeared to be the largest silicon-electrical steel flat-rolled product suppliers to Turkey, with a combined 75% share of total imports. These countries were followed by South Korea, Romania, Germany and India, which together accounted for a further 18%.

India, with a CAGR of +79.9%, 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

In 2021, the average silicon-electrical steel flat-rolled product import price amounted to $X per ton, picking up by 39% against the previous year. Over the last nine years, it increased at an average annual rate of +1.1%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for flat-rolled products of silicon-electrical steel in the world?

The country with the largest volume of silicon-electrical steel flat-rolled product consumption was China, comprising approx. 62% of total volume. Moreover, silicon-electrical steel flat-rolled product consumption in China exceeded the figures recorded by the second-largest consumer, Kazakhstan, more than tenfold. The third position in this ranking was occupied by India, with a 3.5% share.

What are the largest producers of flat-rolled products of silicon-electrical steel in the world?

China constituted the country with the largest volume of silicon-electrical steel flat-rolled product production, accounting for 64% of total volume. Moreover, silicon-electrical steel flat-rolled product production in China exceeded the figures recorded by the second-largest producer, Kazakhstan, more than tenfold. The third position in this ranking was occupied by Japan, with a 4.8% share.

What are the leading suppliers of flat-rolled products of silicon-electrical steel to Turkey?

In value terms, the largest silicon-electrical steel flat-rolled product suppliers to Turkey were China, Russia and Japan, with a combined 75% share of total imports. South Korea, Romania, India and Slovakia lagged somewhat behind, together accounting for a further 16%.

What are the leading importers of flat-rolled products of silicon-electrical steel from Turkey?

In value terms, Romania remains the key foreign market for silicon-electrical steel flat-rolled product exports from Turkey, comprising 73% of total exports. The second position in the ranking was occupied by Germany, with a 4.5% share of total exports. It was followed by the Netherlands, with a 3.9% share.

What is the average export price for flat-rolled products of silicon-electrical steel in Turkey?

In 2021, the average silicon-electrical steel flat-rolled product export price amounted to $995 per ton, rising by 57% against the previous year.

What is the average import price for flat-rolled products of silicon-electrical steel in Turkey?

The average silicon-electrical steel flat-rolled product import price stood at $1,475 per ton in 2021, increasing by 29% against the previous year.

This report provides an in-depth analysis of the market for silicon-electrical steel flat-rolled product 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 24105310 - Electrical sheet and strip, grain oriented of a width of .600 mm or more
Prodcom 24105330 - Flat-rolled products of silicon-electrical steel, of a width . .600 mm, non-grain-oriented
Prodcom 24105410 - Electrical cold-rolled slit strip, grain oriented, in silicon-alloy steel, of a width of < .600 mm
Prodcom 24105430 - Flat-rolled products of silicon-electrical steel, of a width < .600 mm, non-grain-oriented

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024