Turkey: Vulcanised Rubber Mats Market 2024

Vulcanised Rubber Mats Market Size in Turkey

In 2021, the Turkish vulcanised rubber mats market decreased by -33.9% to $X, falling for the third year in a row after seven years of growth. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Vulcanised Rubber Mats Production in Turkey

In value terms, vulcanised rubber mats production soared to $X in 2021 estimated in export price. In general, production, however, enjoyed a significant increase. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Vulcanised Rubber Mats Exports

Exports from Turkey

For the fifth consecutive year, Turkey recorded growth in overseas shipments of floor coverings and mats of vulcanised rubber, which increased by 50% to X tons in 2021. Over the period under review, exports posted a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, vulcanised rubber mats exports surged to $X in 2021. Overall, total exports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +7.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +98.1% against 2016 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Italy (X tons), Russia (X tons) and Belgium (X tons) were the main destinations of vulcanised rubber mats exports from Turkey, together accounting for 22% of total exports. These countries were followed by Egypt, Bulgaria, France, Germany, the UK, Romania, Israel, Spain, Morocco and the United States, which together accounted for a further 42%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +129.8%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Belgium ($X) and the UK ($X) appeared to be the largest markets for vulcanised rubber mats exported from Turkey worldwide, with a combined 33% share of total exports. France, the United States, Germany, Italy, Romania, Israel, Egypt, Bulgaria, Morocco and Spain lagged somewhat behind, together comprising a further 36%.

Among the main countries of destination, Spain, with a CAGR of +101.3%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average vulcanised rubber mats export price stood at $X per ton in 2021, with an increase of 6% against the previous year. Overall, the export price, however, continues to indicate a noticeable downturn. The pace of growth was the most pronounced in 2013 an increase of 23% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Egypt ($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 Russia (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.

Vulcanised Rubber Mats Imports

Imports into Turkey

In 2021, overseas purchases of floor coverings and mats of vulcanised rubber were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, showed a deep slump. The pace of growth was the most pronounced in 2013 with an increase of 20% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, vulcanised rubber mats imports soared to $X in 2021. In general, imports, however, saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by 28% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of vulcanised rubber mats to Turkey, with a 33% share of total imports. Moreover, vulcanised rubber mats imports from Germany exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), twofold. Romania (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to +8.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (-1.5% per year) and Romania (+25.3% per year).

In value terms, Germany ($X), the Czech Republic ($X) and the Netherlands ($X) were the largest vulcanised rubber mats suppliers to Turkey, with a combined 61% share of total imports. These countries were followed by Poland, Spain, Romania, China, Belgium, France, the United States, India, Italy and Russia, which together accounted for a further 32%.

Romania, with a CAGR of +20.3%, 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 vulcanised rubber mats import price stood at $X per ton in 2021, picking up by 7.7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.7%. The pace of growth was the most pronounced in 2020 when the average import price increased by 35% against the previous year. The import price peaked in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+15.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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